MM or Wells Fargo?
MM(HL/PS/RJ) in NYC SA 2023 or Wells Fargo in who knows where.
Anyone know what the Full Time Offer rate is at Wells after the SA.
Trending Content - Investment Banking Forum
| +227 | Coverage Banking is Paradise | 29 | 5d |
| +97 | London Recruiting is Paradise | 42 | 11h |
| +75 | My Motivation Is At An All Time High | 13 | 3d |
| +67 | UBS preparing for a October Layoff Massacre | 29 | 1m |
| +59 | Are Canadians still get jobs in the US? | 41 | 11h |
| +46 | Is 7 years in banking enough to retire, or am I delusional? | 25 | 1h |
| +34 | Do actual investment bankers despise IB TikTokers as much as I think they do? | 22 | 1h |
| +33 | MM IB --> NYC IB? | 17 | 15h |
| +25 | Work and Suicide | 15 | 5h |
| +24 | Negotiating VP Sign-On Bonus (NOT Tied to Deferred Comp)? | 22 | 5h |
Career Resources
FT offer rate at wells probably differs group to group. From what I have seen, it should be 80%+. They say that they have a spot for everyone but it’s yours to lose.
MM
HL>PS>WF>RJ, however WF Ind > PS or RJ. It's a very small margin here and probably more group dependent at this point. Personally, I would do WF if you're ok with going to Charlotte.
Is industrials WF's top group?
Bump. Isnt building products/paper packaging their only strong verticals in industrials
Honestly WF has improved quite a bit in the last couple years. If you have alumni or can gun hard for top groups (eg. M&A, industrials, etc.), it's definitely a good choice.
The NY office is a lot larger given WF's growth, so your chances of being placed in CLT are much lower (esp if your school is not in the south).
Source: Have friends currently at WF
Are your friends at Wells Fargo in NYC? Can you ask them what are the biggest groups in NYC that I should start networking with please.
For Wells NYC IB groups, here are the numbers for incoming analysts. C&R: 4; Corporate Finance: 4; securitization & cap mkts: 2; ECM: 5; FIG: 2; healthcare: 6; industrials: 5; M&A: 6; REGAL: 4; TMT: 5. Public finance: 4; Real Estate syndication: 1; MM IB: 1; Fin Sponsors: 2.
Most of these groups also have headcount in Charlotte and maybe SF, but if it wasn’t listed here then their is probably no headcount in NYC, at least at the junior level. For example levfin and DCM are exclusively in Charlotte. And E&P is the largest group but they are all in Houston or Charlotte.
Can you speak on pay differences CLT vs NYC?
No pay difference
Thanks this is great info and very helpful. How do they decide placement and is ECM part of the IB? It looks like it is.
Yeah it is in IB. And group selection is based on some formal networking and then a matching/ranking process based on who mutually likes each other.
With its balance sheet and retail distribution wells has the potential to be a real powerhouse in IB over time.
What groups are in CLT? Or all?
Expedita ipsam perferendis minima aut doloremque veritatis. Accusantium qui fugit illum aut perspiciatis dolorem provident. Voluptatem voluptas id eos. Exercitationem aut autem eum ut laudantium est enim. Et ipsum quis provident debitis quod fugiat dicta.
Ratione voluptatem veniam dolorum minus et qui. Temporibus neque ut atque. Voluptas cum voluptas optio aut. Odio corporis vitae accusantium similique iste culpa veniam.
Qui et nihil magni iusto perspiciatis eius dolor. Earum vel et quisquam aut delectus repudiandae libero fugit.
Eos adipisci iure porro accusamus. Deserunt nihil ratione est et voluptatibus quia debitis et. Aut cupiditate minima veritatis provident. Sit exercitationem nobis eligendi incidunt.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...