RBS vs WF

haha...@the bonuses question

read dealbreaker today

Dukewealth, when did you interview with RBS (which superday), and when did you hear back?

WF without a doubt.

When did you do superday with WF? and when did you hear back?

//www.wallstreetoasis.com/forums/rbc-vs-wells-fargo

WF > RBC > RBS

No question.

which superday did you have? how long did it take to hear back?

rbs BLOWS

But based on the name alone, isn't RBS better? It feels like WF is so new to the game that it's reputation hasn't caught up to its potential and that's not something that will change quickly.

Despite the financial trouble at RBS, they will still pay their analysts decent bonuses because they are committed to retaining talent. Thoughts?

Hopefully this helps. I'm at a Top 5 BB by league tables and this is my unbiased opinion.

1. RBS is pretty bad at compensation and delays it. It will be quite low if they even PAY IT. If anything WF is going to be paying the high bonuses as they are committed to growing their IBD.

2. Wells/Wachovia destroys RBS in the league tables. WF is top 10 for Debt, Equity and #7 in M&A. RBS is barely top 20.

3. RBC > RBS... go read the WF/RBC thread I posted and replace RBC with RBS. I'm sure a Duke kid can handle that.

4. Exit opps are better at WF, especially in M&A, sponsors, and therefore into top PE firms. By the time you come out it'd be 2-3 years and you should be looking at a good market.

5. RBS is declining and even at its height in the U.S. was not as good as Wachovia. Meanwhile, Wachovia inherited WF's BS and has a huge opportunity to grow its balance sheet.

6. Put 1 and 1 together... a good bank (Wachovia) got better whereas an ok bank (RBS) got worse.

Whats with kids asking a question and then arguing with everyone? Either accept the answers or don't ask the question at all. I'd take RBC and Jefferies over the downward spiraling RBS at this point.

AlmQ - did RBS come to your campus? Also, did HR contact you at all this week?

They didn't come to my campus, and I had my superday last friday. HR has not yet contacted me, nor have they contacted a friend who also interviewed, and we both find the lack of contact inexplicable. Towards the end of the interview day, people walked in to tell me how well I was doing. I'm hoping the delay is just a result of how unorganized the final super day process seemed, but to wait this long (and expect an actual offer) is a little ridiculous.

I also did the superday last friday and I'm still waiting to hear back...yawn

hey op do you go to Duke too? how was FT recruiting this year?

and yeah agreeing with everyone else, go with Wells by a mile.

Heard some guys got emails saying HR would be in touch within 2 weeks. You guys hear anything? I still havent...

I'm thinking of applying to BB's this summer and Wells is definitely on my list, their growth has been amazing and no one really knows how high they'll shoot (#6 or 7 for U.S. M&A already). Definitely a Top 10 Ibank. I would go for Wells.