Wells Fargo SA 2020 applications opened up today for IBD so I just wanted to get a thread going to stay up to date with the process. Does anyone have an idea of what the timeline is looking like, and whether they're sticking with phone interviews or using hirevues?
Good luck!
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Does anyone know if Wells Fargo IBD takes internationals?
Don’t think so
They do. Kids from Poland and London in 2019 analyst class
But they are working in the London office
bump
I interviewed back in May and it was a phone screen with a VP and Associate then superday. Not very hard technicals, very focused on why Wells and how you handle different situations
Did you get picked solely from your app or from networking ?
Networking. I went there with low expectations., but was very surprised how organized and how well they treated us.
Not 100% sure how the process is going to work but I believe the online app is just for Non-target schools and it should be phone screen in August and then super day in September.
Can someone pls link to the app?
bump
Hate to be the bearer of bad news but I believe the application period was July 12-15. This is the case for non-core schools at least.
lmfao tf
Wells Fargo is coming to my target campus in September. But it is a little strange that applications were only open for 3 days
Any update on applications? I can't seem to even apply for the 2020 SA program online. Even the FT 2020 program, which is open now, isn't showing up. Can someone provide a link please
The apps were only open for a couple days. Now closed
Thanks for the info. I note that FT 2020 is open now but cannot find it on the application portal. Any ideas on how I can apply? Could you please send a link
are summer 2020 apps for non-targets seriously closed? wtf
Yes, I am at a non-target for Well Fargo and my contact reached out to me with the link. I think they did it this way intentionally to cut down the number of apps from people who haven’t networked with anyone and just throw in an application.
Yep - luckily I'd done some research so I knew it was open for only 3 days from July 12-15 and applied the day it opened. Probably to cut down the number of applications, like the other guy said.
Any idea on when we should hear back for 1st rounds?
Heard back today for 1st round phone interview
Same here
Got cut
RT
Just got dinged for WF, however rising sophomore.
Assuming process is beginning to start if it hasn't already.
Just got rejection email. Junior, Non-target, 3.8 GPA, BB summer internship.
:(
Genuinely interested - did you do any networking at WF? And do you think that there is the possibility that they dinged you because they think that you are apt to accept at the same BB/another better firm?
Dinged as well. I networked decently, but from my understanding they are pushing target schools (UVA, UNC, Duke ETC.) in an effort to ramp up rep. All of this is a crap shoot. Too many qualified candidates.
3.6 non target, phone interview is in 10 minutes wish me luck. Gotta show up the target school kids :)
Anyone have a good answer to "Why Wells Fargo?" "Because you will give me an interview" is obviously a bad answer but is basically the truth. Should I just go for the "strong growth of IB and Securities side, heard good things about culture and learning opportunities...."
Are there any technicals in the phone interview?
Had mine recently, and yes. Very typical, basic stuff (i.e. how to value a company, walk me through a DCF, etc.)
How much of the interview would you say was technical vs fit / behavioral? Was kind of assuming it would not be very technical at all. The S&T first rounds were entirely behavioral / fit except for a couple easy math questions.
Invited for a phone interview today with a VP and an Associate
I have mine today.
.
I just got an invite for a phone interview today. I am a non-target
Had mine today, much like the S&T interview, very short and almost nothing technical. Seems odd, not sure what they’re going to be deciding off of.
WF Toronto app closes Sep. 2
Just posted to Canadian targets
Had my first round this week. Just some basic HR / teamwork questions and then "how would you value a company" and "what statement would you choose" and "what if you could choose two". They were done with questions after 12-15 minutes.
Anyone hear back about superdays yet?
Nope
They said we would find out about super days by the end of august
Received final round invite just now - looks like they're flying candidates in for a networking dinner the night before interviews, with interview following the next day (9/20)
Same
same
Same. It'll be cool to see you all there.
Received WF IB Superday. Can confirm its on September 19 + 20 (networking event then interviews). Good luck to everyone!
Does anyone know how much they are paying for this position (NY vs Charlotte) ?
Non-target, interned at Wells this summer, got a phone interview, haven't heard back for Superday
Everyone gets paid the same, regardless of location. $40/hr last year
Is there a difference in salary/bonus for the full time positions based on location?
Are they gonna reopen applications for this crap? How tf do we apply for this? This is some bs. The application was open for 2 days.
Wells took the approach of only having it open for three days this year. Likely to weed out those people (ie most people) who apply to every bank under the sun regardless of networking done with the firm. Makes it easier for WF, but it is unfortunate for people who were unaware of the application dates.
Anyone know when they make decisions on target school candidates?
West coast target; SF superday Sep 18th
Do you have any idea when they would send out interview slots? mines in two weeks and not sure if/when they notify people if they got selected
Is your superday hosted in SF or Charlotte?
Has anyone applied for investment management? Have they heard anything?
Have sophomores heard back about initial interviews?
Recruiter told me they might not have a sophomore program for IB next summer
The program, if it exists, will only be for kids who went to the freshman diversity event. Previously it used to be a sophomore diversity event; now, the sophomore diversity event is for MO roles. Acceleration made it unrealistic to recruit sophomore SAs during sophomore spring for FO roles because other banks were doing junior FO recruiting at the same time.
I think they screwed up with their recruiting this year or something. I go to a semi target (but not for Wells) with a mediocre / decent GPA and got interviews for both IB and S&T with resume drops through their site (no networking of any sort). First rounds were insanely easy, and they actually called me directly four days after superday signup deadline and asked if I was going to attend. Seems kind of weird for such a large firm, maybe their super short app windows backfired on them.
Same experience here. I'm not mad about it though haha
haha yeah they tried to get ahead of "acceleration". sorry, but only JP/GS/BAML can generate interest starting in the fall.
Heard WF doesn't sponsor visas for international students, is that correct?
Yes. No exceptions they told me.
I have an on-campus interview with them this upcoming week, anyone know if I should expect a lot of technicals?
bump
i have second rounds in charlotte but they only have me there for 30 minutes on the 20th. It maybe a typo. Anyone know how many interviews per second round candidate they are scheduling
Anyone get first rounds for investment management or financial advisory?
SF superday results coming in the next 24-48 hrs per recruiter
Anyone else think the first round interview questions were oddly easy?
My super day technicals were on par/even easier than the 1st round. A little bit more situational, but not much. Very surprised.
Lol, really? From what I understand (an analyst gave me some insight), they go directly off of a template and ask the same questions for each candidate. But I wonder why they make the questions so much easier than other banks.
My guess is that I went into a lot of depth on the basic questions that demonstrated a pretty good understanding of the concepts, and so I think because of that they may have just cut some of the technicals out. I also think that WF cares a lot more about fit which may explain that.
Because most of their candidates are idiots
There were 94 of us there. Does anyone know how many they’ll take? I like my chances
Do y’all know when we’re supposed to hear back?
HR said in the next 3 - 5 days however, this differs from last year where offers were apparently extended only a handful of hours after the super day.
Had pre-interview dinner on Monday, OCR first-round on Tuesday, and SF superday on Wednesday. Superday was only 30 mins long, only a few technicals. Overall a very strange process.
Just received an update. WF has all of their target school offers expiring this week and HR is still working out the numbers on how many of us they'll take from this past Friday. Wouldn't shock me if we didn't hear until this Thursday or Friday. I'm sure everyone who gets offers will be called on the same day.
Was this update from HR or one of your interviewers?
Yeah I received an update today as well with a 1-3 day timeline for offers.
Who was the update from Whamm-O @MJ8172264"
Does it matter? Someone in the firm is as specific as I’m going.
It would matter to an extent, he/she was asking if the update came from a banker or HR
Superday last Wednesday in SF, got an offer later on that same day.
WF said they were pushing SA offers from the 9/19-9/20 super day to the end of this week
Target school, 3.5 GPA with an Econ/Math double major, no networking, just received my offer. Overall, the process was quite interesting. The first interview was a 30 minute phone screen and the second interview was 20 minute behavioral/“what would you do in this situation.” Everything people in this forum have said about Wells caring a lot about the person seems true. Good luck everyone
Were you part of the 9/19-9/20 Superday process in Charlotte?
Target schools weren't apart of the 9/19-9/20 superday so I would think not.
NY or SF?
Congrats! Your process seems much easier, given target background, which is really interesting.
Still no offers for people at the 9/20 non-target superday?
Not yet it looks like. HR must be absolutely scrambling because they originally targeted Monday or Tuesday to let us know and EarnedKibbles is target and just got his offer last night. Guessing that'll mean more offers for us hopefully.
that's quite a stretch to assume more offers for non-targets... my thinking is everyone is being pushed back and non-target offers don't go out until next week
Just got an email from HR saying they currently have no exact date of when offers will be made for non-target
Odd that offers were given out because I received the same email saying they were going to START giving offers out by end of next week. I have still yet to hear anything. I wonder if all offers have been given out for 9/20 process or if they are still waiting to see who accepts from target schools and will continue with others next week.
Got an offer from the 9/20 non-target superday.
Just got my offer from 9/19-9/20 superday non-target
email or call?
I got a call from a Charlotte number
For a New York position or Charlotte?
That's not how it works. It's a platform offer and location is decided later
How long did they give you to accept?
Until next Wednesday. Placement day is happening mid October
Only two people on here got an offer so far?
Also interviewed 9/20 and liked my chances, haven't heard anything yet.
Same :/
I was at the non target Super Day and received an offer this afternoon. HR from Charlotte called me directly. They did not specify location as that occurs at the placement day in a month or so. Best of luck to everyone else.
Has anyone received an email yet or have they all just been phone calls? I just no longer have access to the phone number on record
Anyone know how hard it is to end up in NY?
.
Does anyone know if WF pays overtime? If so, is it at 1.5x rate?
Yes and yes
What groups would you want to work in at Wells
Has anyone else heard back yet?
I haven’t yet.
I haven't heard anything either
I'm still waiting as well. Hang in there guys, I hope we all get some good news soon.
So for those of us who have not heard back yet, are we toast?
Has anyone been in contact with HR again? Why would some people hear back last week and they not notify anyone else?
Could be people who listed outstanding offers or upcoming decision deadlines that were notified on Friday. Can anyone who already received an offer speak to this?
Anyone get put on hold?
Same
I did too
Goddamn, that's a lot of you and this is probably a smallish sample. Has anyone been rejected yet? Haven't heard anything and now I'm freaking out a bit haha
Yeah I know some people who got rejected already
Guessing there's going to be very limited spots unless the target school guys have already accepted elsewhere.
Source?
An interviewer
Has anyone not heard anything yet?
If you didn't receive the waitlist email this morning it'll most likely be a no-offer
Thank you for your super insightful comment!
gotta love the hardo conjecture
Anyone know how they could possibly be ranking the waitlist if they interviewed in groups of 5? Maybe top person in the group got offered and 2nd is "on hold"? How do they compare across different interview pools?
Not sure, but I do know people who were in the same group and both are on hold.
I would imagine that's a good sign
Does anyone know how many people got denied if anyone?
At least half of the kids from the non-target super day have been cut
Source?
Any idea how many people they are going to take from the waitlist?
They're not yet done interviewing certain people so it could be tough to say. Source: me as I am doing this
Anyone hear back about WIM internships?
One week of waiting down! 1-2 to go lol
I still haven't heard anything and am on the waitlist, but if it makes anyone feel better, my friend and I both declined spots with Wells. So at least that's another two spots for you guys. Best of luck
Not all heroes wear capes
Chances are low of getting off of the waitlist are low. Source: someone at the bank.
I know it’s not the news a lot of us were looking for. The person said acceptance rates this year were higher for some reason.
At what level?
Definitely the target school level
I also heard the same thing after some final correspondence with people at WFS. They had a lot of great non-target candidates but had to give priority to the target students.
TLDR: Probably not much mobility in regards to waitlist positioning.
How many people do you think they will expect to take from the waitlist?
You'd think they'd certainly block off some spots for non-target kids right? At least for purposes of keeping relationships w/ certain non-target schools?
Checking in and seeing no comments about the waitlist offers...
I think people on the waitlist got smoked.
Sorry for the news, but the spots are completely full. I was told by a VP and an associate that they would let me know if anyone renages after the placement day. They both had some less than choice words regarding HR. "The decision was made by fucking idiots who have power in the recruiting process and those people shouldn't have any power." - the associate
They extended too many offers assuming more people on average would reject them. If you're on the waitlist you're SOL
For people who got offers or know anything about this, does WF drug test or make their offers contingent on a drug test?
No drug test, just fingerprinting last year.
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