Hey guys,
I have an offer with Wells Fargo for a 2011 SA position. I am trying to decide between these groups:
Industrials (NY or Charlotte)
TMT (NY, SF or Charlotte)
M&A ( Charlotte)
Which of these groups/locations will have the best exit opportunities?
Thanks
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From someone I know in the industrials group, they do a majority of the modeling in house, M&A is always good and not too sure about TMT.
TMT has a bad rap, M&A isn't as strong a group as industrials. I met with the industrials guys during full time placement and was really impressed. I also have a few classmates that are in the group and they think it is great.
Is this the Industrials team in NY or Charlotte?
I don't know squat about Wells but I'd assume if your goal was to position yourself for PE / an M&A group at another bank I'd go with M&A, even though it's in Charlotte
Your exit ops are probably as good as not working in IBD at all.
exit ops from wells is weak in general. work in sf or ny and try to lateral.
actually just read that it's a SA position. work in NY for the summer. have fun. then get an offer FT at a bank that will actually get you somewhere
What group/location would give me the best opportunity to get a FT offer at another BB?
Bump
When did you get the offer? and when did you apply, was it through school and if so did they call after the deadline for app and how many days after?
I got the offer in late February and it was through my school.
I worked on one M&A deal with Wells Fargo (joint advisors), and it was their M&A team that ran everything. There was an analyst, associate, VP and MD from M&A. Only one other senior guy was from coverage. The impressions I got was most of the heavy modeling is done by the M&A group. That's my only experience with them so take it for what it's worth.
My opinion is that while their M&A group is probably not as strong as MS or JPM - since they probably don't get on deals that are as high-profile - analysts in any pure M&A group will still get looks for exit opps. Can't say the same for a less reputable coverage group...
Wells Fargo needs help with checking accounts so they hire "SA"s these days?
Find a real job.
Oh look, it's WSOs newest useless retard troll. Get a life kid
Wells Fargo gets shit on a lot on this website, but literally every guy I know from Wells ended up in PE (some in the South, one in CT, a few in NY). They are growing and several reputable sources have said WF has a lot of potential that will be realized in the next few years. They also had a great work experience. Definitely can't say that for my friends at GS.
You would be fine with any of those groups - the most important thing for SA is fit. Go with the people who you will learn from and get along with. I would honestly recommend staying in Charlotte. Unless you really want to go to NY or you really hit it off with one of the NY-based groups, the IBD HQ is in Charlotte and the NY/SF offices are VERY small and will not expose you to as many people or deals. When do you have to decide?
Next weekend.
ekudekud sounds a lot like dukeofduke. i guess he has no life but to just troll on online forums.
Either way, juniorcalifornian99 is right. I hear Wells is moving a lot of their groups to Charlotte and are trying to establish a good trading floor there as well. I don't think CLT would be a bad idea but if you are trying to network into another BB, I would go with NY.
Go with Charlotte M&A for exit opps. Go to NY Industrials for networking,
Do you mean networking to get a FT position at another BB?
This is actually pretty good advice...
That being said, don't listen to those in this thread who are bashing WF... it's a great place to start out and many on this board can only dream of getting an offer from a bank like WF. Sure, you can aim for a FT offer at GS or MS or wherever (especially if you want to be in NY), but Wells is a pretty good place to start out, and if you're good, opportunities will come.
You will be raped in the TMT group...I can almost promise that. Obviously being raped isn't great since you will likely be in the bottom but it's still sexual experience, lol.
But seriously. If you are willing to sacrifice your summer to bust your ass, TMT (in Charlotte) might be the place to get the most (not necessarily the 'best') experience. Personally I'm partial to the southeast because I've lived here most of my life. My friends that live in Charlotte love it (some at Wells).
Anyways, like someone said before, pick the group that you fit in best with, because that will likely be a larger impact on whether you get a FT offer going forward than anything else.
Regards
What is the starting salary for 1st years at wells?
i think 30k and a free wagon
A stagecoach bonus would be epic, lol.
My buddy does have a deal toy that is this pretty awesome, hand crafted stagecoach replica. It's probably about a 10-12 inches high and just over a foot long (roughly).
Regards
LOL at the above
It's the same as it is everywhere else (70 + 10)
before I get shit on, how is WF TMT?
It's a sweatshop from a work stand point. As far as league tables are concerned, I'm not sure.
Regards
If you can, go to Charlotte. I have a friend who is doing M&A for BoA and comp is same as NYC but you get more after taxes.
WF TMT is rough. Do industrials or consumer group.
Industrials in Charlotte. Your comp will go a lot further down there and you'll be seeing more deals. DCM or LevFin if you can get it.
Yeah, I would love to work in their LevFin group. I interviewed with them a few months back for an offcycle position...seemed to have placed 2nd, lol.
Regards
i got a friend working in WF TMT and its pretty brutal
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