87 Comments
 

Also at a target school and received an offer. What are your thoughts on accepting versus going through the process with the rest of the banks?

 

I know this is super late (I was even surprised I found the application open that day) but just curious if anyone's on the same boat

 

A few people at my school got put "on hold". As far as I can tell, no one has received an offer from that status so far but I would say that there is probably still time

 

Read the WSO guides if you haven't already... I've never used them myself (never interviewed for IB) but I've heard that they're pretty helpful. I actually interviewed with Wells/Wach for their SA program a while back, and I don't remember getting asked anything out of the ordinary. I interviewed for S&T though, so it may be different for IB. I'd imagine fit being a bit more important since they're smaller and in Charlotte instead of NY, but I don't really know.

 

Have offers anywhere else?

I've heard good things about WF. Friendly people, and the bank itself seems relatively solid; it didn't, as far as I remember, suck up quite as much in toxic assets as most of the larger banks, and as such is in a less rocky position. Might be a good place to head if you don't want to go into work every day wondering if you'll be called into the conference room.

 

well, another recent one I got was from goldman, albeit in a financing role (lev fin/derivatives/etc.)

not sure which one to pick - would it be difficult to transition to an GS IBD industry group by summer's end? financing is technically within IBD, so would it help for FT recruiting (industry or M&A) elsewhere?

 

So you're asking whether you should:

  1. Accept an offer with Goldman Sachs LevFin, and then try to move to another product group at Goldman Sachs at the end of your SA.

or

  1. Reject the offer, go to Wells Fargo IBD, get a FT offer, then try and leverage it for FT recruiting at Goldman on the off-chance that you might get into your product group.

Option 2, absolutely.

 

That makes sense. Just worried that the WF name won't get me FT interviews (I do go to a target, so not sure if that would help).

 
workerantThat makes sense. Just worried that the WF name won't get me FT interviews (I do go to a target, so not sure if that would help).

HAH

Array
 

I'd take goldman if it is really a lev finn group and not a s&t role. chances of going to an industry or another product group at goldman is low but you can always try other top BBs.

do you know what group you will being at wells? i dont think they let you know right away, they have a placement day right before summer.

 

I noticed that, but was forewarned at a networking event. There was a campus career posting for WF, but the outcome of that was just an invitation to apply between those dates. Crazy though.

-wow1wow
 

I'm def not at a target, it was an off the record conversation with a NY sales guy. Makes sense that they would only forewarn those groups / schools that they want applying, but as I understood it, it was for securities and banking divisions, so it's pretty bold and unprecedented.

-wow1wow
 

Yeah I would definitely call that bold and unprecedented. I can't imagine that they got half the talent pool that they could have had...

I guess I can only email them now...

 

they have been doing that for the past couple years for both SA and FT classes. got keep a daily tab on those or have an inside connection connect with HR for you and they (she) will give you the exact dates. i doubt it is a must to apply on that date, i think they are just lazy and don't want to flip through so many resumes. If you know someone at the firm you can get your resume through you should have a decent shot to get an initial screen (if you are a nontarg).

 

Did anyone else notice that there was only one summer analyst application (combined for both investment banking and S&T)? Or did I make a mistake...?

"My dear, descended from the apes! Let us hope it is not true, but if it is, let us pray that it will not become generally known."
 
Zavell01Yep, only one requisition number. But some students got a survey via email that asked about preferences, probably because of OCR postings.

How many kids do you know who received this preference survey email? Just curious because I go to a school where WF does not recruit and I was the only one of my friends to receive this survey (maybe because I networked through alumni and they just blindly submitted apps).

Did everyone at WF targets receive this survey? I've heard bunch of mixed responses regarding it. Sometimes they don't send them to people until after a first-round interview before superday?

 

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