Wells Fargo IBD 2019 SA Offer vs Citi Superday
Hello everyoneI just got an offer from Wells for a 2019 SA position, but at the same time I also got a superday at Citi. The offer explodes a few days after the superday.Pay is really good at Wells ($40 an hour + OT) and I'm thinking it'd be a better place if I were to stay in IB longterm. Citi, from what I read on here, is more prestigious and would help with exit opps, but I hear the culture isn't great and people at Wells just seem to like their jobs more.Should I just accept the offer or take Citi if I get an offer there?*Wells Offer isn't location specific, Citi superday is NY
Go to the superday and see what happens. Then make your decision a few days after.
Just curious, are you going to be a junior this coming semester?
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cool. I'm at a non target so it's harder, just wanted to see where you were at.
I mean, you could always work at wells for a few years and then lateral to Citi if you wanted to.
The Wells offer also isn't location or group specific, so I could easily end up in Charlotte, but by the time I'll be there they'll have moved to the new Hudson Yards building which I hope will make it easier to get to NY.
yeah ur right. it's a good offer so def keep the option open, but do Citi as well and see if you like it. Then decide which one you would rather do.
Are you diversity? I didn't know Citi already started their interviews.
Yes, I'm in one of the Early ID programs!
Is that how you got to the super day? Good luck btw
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even worse for asians.
yup ur right we just have to fight for it
From what friends have told me about Wells, go in with the assumption that you will be in Charlotte and that your group placement could very well be outside the traditional IB. If you read what Wells includes under "Wells Fargo Securities Summer Analyst Program", it is a lot of other banking functions that don't normally get lumped together with IB.
vs. Citi where IB is product and coverage groups, not even capital markets if you are specifically in their IB program.
I would definitely wait for the superday and then remind whoever you are working with of your exploding offer.
Inaccurate
Citi's culture is very tough, where analysts work some of the longest hours. If your worry is location, I'm sure at WF, you'll be at Hudson Yards in 2019. Yes, Citi has the better name for exit opportunities, but think about it this way - at WF, you have more ample opportunities in-house, where you can get promoted relatively easier. That being said, you have the position at WF to leverage that into lateraling to another firm if you still want to.
Citi culture really depends on the coverage group, you'll work long hours in M&T but it's not as bad in the other ones.
I sure as shit wouldn’t be so sure of that. 60% to 70% of WFS headcount is still in Charlotte, and odds are that’s still where you get placed.
depending on op's school, wells fargo will give (strong) preference to meet incoming sa's location preferences.
Usually a company will get back to you either the same day or the next day after the superday so you'll have at least a couple days to decide if you get the Citi offer.
Can't hurt to go to the super day - you'll probably know the result before your offer explodes. Also if NY is important to you - odds are high at Wells you'll endup in NC - only certain groups are in NY.
Wells is fairly even between NY and Charlotte and by the time these interns become analysts most of it will be in Hudson Yards. I get what you’re saying but really NY will likely be the landing spot for people who pref it
That is completely false. Around 60% to 70% of Well's IB headcount is in Charlotte, and the rest is in NYC, SF, HOU, LA, or one of the more regional offices.
Citi NYC is far better than WF and you won't get screwed over by doing ECM in Charlotte. Definitely do the Citi superday and leverage your WF offer. If you get Citi, you would hear the same night as your superday, anyway
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