Wells Fargo NOT addressing deck we made 3 MONTHS AGO OR GS survey
EDIT: https://www.efinancialcareers.com/news/2021/03/we…
EDIT: S/O to @wallstreetintern and @litquidity for the features (link / pic below)
This might seem old and repetitive, but yes, I want to complain too. Wells Fargo IB is not the place to be right now.
Banking has become more of a taxing job than it has been recently because of all that's going on (we all know this). It's a sweatshop over here and everyone is putting in 100-hour weeks like it's nobody's business. There's nothing being done. At all. They might think that telling us they're going to "invest in junior banker resources" will make it all better and dandy... but guess what? It doesn't do jacks**t. Actions speak louder than words.
Why is it possible for a human (not actually 1 human, hundreds) who was being fed during less strenuous times to be begging management for food 12 months later? Yes, some analysts here made a deck too and passed it around and it made its way up the ladder (supposedly, who knows lol). It's been out for months now and we had brought this up way before then.
Jokes are over, this is ridiculous. Charlie Scharf's goal is to triple IB revenue in 5 years. Charlie, invest in the junior bankers that will carry the bulk of that load, or there won't be any to invest in within 5 months. I just want to eat man... You can keep the 20k lifestyle bonus... but I might take a peloton too tbh... IF YOU'RE SO GENEROUS AND THE CULTURE IS SO GREAT.
EDIT: @wallstreetintern feature: https://www.instagram.com/p/CM3nUvHg50P/
EDIT: @litquidity feature:
My roommate is at WF and it’s not that bad... what group?
TMT, HC, RIB, IND all getting absolutely smoked. Senior leadership does not care either
Don't forget M&A pls
let's get this guy a peloton
Can we imagine the meltdown that would ensue if Rich Handler sent some WF or BAML analyst a peloton
It's laughable that WF continues to try and use culture as a selling point. The place is filled with MD's and senior management who couldn't care less about the junior staff. In typical WF fashion, we will wait to be the last Bank to move on reinstating overtime meals.
I for one, am MAD as HELL about this. I think I speak for a lot of others on here though when I say...if you could please switch those two logos in the light purple box on the peer analysis page before sending it out to the client, that'd be great (it kind of just throws off the whole alphabetical order thing you had going)...otherwise, looks great! Don't stay late!
Thx!