10 Comments
 

Based on the most helpful WSO content, the lateral process at Wells Fargo, like many other banks, can vary depending on the role and group. However, here are some general insights and tips:

  1. Interview Structure:

    • Interviews are often behavioral-focused, with some technical questions depending on the role. For example, in a related Wells Fargo Diversity Forum interview, there were four behavioral questions and one very basic technical question.
    • Expect questions about your resume, deal experience, and fit with the team.
  2. Networking:

    • Networking is critical for lateral roles. Many lateral openings are not posted online, so leveraging your network can help you get into the process. Focus on building meaningful connections with associates or others who can advocate for you.
  3. Preparation:

    • Brush up on your technical skills, especially if your current role has been more fundamental or non-technical. Be ready to discuss your deal experience or transferable skills in detail.
    • Have a clear and concise reason for lateraling. This is a key question in lateral interviews, and you should be able to articulate your motivation confidently.
  4. Timeline:

    • Lateral processes can range from a week to several months. Some candidates report tightly run processes of about three weeks, while others experience delays or ghosting.
  5. General Advice:

    • Stay persistent and follow up with your connections. Lateral roles can appear suddenly, and being proactive can make a difference.
    • If you're applying online, ensure your resume highlights relevant experience and skills. Consider using services like WSO’s investment banking resume review to optimize your application.

If you’re targeting Wells Fargo specifically, try to connect with current employees in the group you’re interested in and gather insights about their specific process.

Sources: Guide to Lateraling in 2021, Guide to Lateraling in 2021, Q&A: Wells Fargo Financial Analyst Program for Commercial Banking, Lateraling Guide for Investment Banking, How long was your lateral process ?

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Voluptatem aut et impedit. Occaecati quidem eveniet optio doloribus omnis. Ut rerum velit voluptas. Ea nesciunt sunt similique dolor fuga. Et ut dolorum hic. Ad ut voluptatibus omnis accusamus quia. Deserunt sit consequatur voluptatem fuga praesentium ullam et.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (50) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (75) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”