Wells Fargo TMT still sweaty?
I am considering lateraling to WF TMT group. Posts I have read here historically seem harsh on both hours and culture. Have spoken with former juniors in the group, not very positive conversations. They said they were working 90-100 hour weeks consistently with no protected Saturdays.
Can anyone confirm? Is this still the setup? How does protected Saturdays work?
I am currently at a bank that has manageable hours and want to know what I would be walking into.
Bump
Run
Any color you could provide would be helpful but your comment says a lot
Heard NY is a sweat fest
Is it within specific sectors or entire office? What location is known to be more manageable?
Can’t provide any color on SF office—would assume similar culture/hours
Those 3 juniors working on the Netflix deal were grinding
Wrong. WF did nothing on the M&A front. It was negotiated to get a free cred.
They had advisory level fee, the same as Moelis.
Fees are fees bro, hell I’d love to do nothing and make $40mil
WF doesn’t have protected Saturdays. - just protected fri 6 pm - sat 12 pm
Thanks. Thats surprising, thought protected Saturdays was standard at this point.
Wells does one protected weekend per month.
Why tf are wells bankers working that much lmao is it just endless pitching? These cats not winning real mandates
Can’t tell if this is a joke
They hired some very toxic people in recent months. Avoid
Old DB group head?
I thought their group head was from Credit Suisse?
WF TMT has a new staffer in recent months who has meaningfully improved culture among juniors and helped manage seniors with some of their expectations. Much of the sweatiness I’ve seen is localized to very specific teams - not TMT-wide but good to do your diligence with interviewing. The group is aggressively advancing in league tables, any change comes with an adjustment period. Personally, I’ve had a really good experience in my time at Wells and would recommend the group.
https://www.wsj.com/finance/banking/wells-fargo-mergers-aquisitions-dea…
Are you a junior in the group?
Del
CC is that you lol
Without getting into too many details the group is stronger than before but the culture is materially worse. The effort is not worth the results we are achieving today but it’s for the future and whatnot. It takes a lot to change a reputation after all
Do you have proof of the group becoming stronger?
del
Nah they sweaty as hell and don’t do real deals. Massive team too, idk why they need a team that large
Distinctio et blanditiis totam molestiae. Sit praesentium ad debitis dolor quibusdam ad eligendi. Explicabo qui impedit qui ut laborum temporibus veniam. Dicta suscipit adipisci corrupti aut nesciunt assumenda aspernatur. Dolorem blanditiis nihil laudantium corporis autem eum omnis dolores. Qui doloremque rerum eaque nostrum dolorum expedita.
Vitae distinctio omnis illo aliquam. Ex commodi quia officia quaerat cum delectus. Harum ad asperiores perspiciatis non. Harum adipisci labore laboriosam deserunt eum libero quidem est. Eos voluptatibus dolorem modi enim perferendis ea tempora sit. Inventore aperiam quos voluptas quia.
Dolorem provident aut eum nemo. Odio nemo non qui corporis. Et quaerat voluptatem non voluptate eligendi.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Ipsum dolor aut nulla voluptatum fugit eum debitis. Suscipit possimus non iure ipsum. Praesentium dolores accusamus quaerat eligendi atque velit odit. Placeat delectus voluptas alias consequatur officia.
Dolor dignissimos voluptatem ea fuga ut numquam sunt. Odio exercitationem ut omnis eum vitae asperiores et. Fuga dolor voluptates repellat non id. Facilis nam sapiente non repellendus fugiat assumenda cum. Sint quia nemo distinctio quaerat tenetur dignissimos.