WF Lev Fin
What are exits/culture/deal flow like for this group? Ik they brought in new seniors and the franchise is doing better as a whole, but curious how this group is doing specifically, especially for exits.
What are exits/culture/deal flow like for this group? Ik they brought in new seniors and the franchise is doing better as a whole, but curious how this group is doing specifically, especially for exits.
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Career Resources
Wells Fargo's LevFin group is more focused on structuring, market comps, and distribution risk rather than traditional corporate finance or modeling-heavy work. They are arrangers on a fair number of bond deals but are limited in leveraged loans due to Wells Fargo's conservative credit culture, which restricts capital provision to certain companies.
For exits, the group may not be as strong as other LevFin teams at more aggressive banks, but it still provides a solid understanding of the debt space. Internal networking is easier in Charlotte, where more people are located, making it a better location for staying within Wells Fargo. However, for exits outside the bank, New York is the preferred location.
The franchise has been improving with new senior hires, but the group's overall positioning for exits and deal flow remains somewhat constrained by the bank's conservative approach.
Sources: Wells Fargo Groups, Wells Fargo, Accept mid-tier BB Offer or continue recruiting?, PWP NY Groups, Lev Fin Outlook & Best Groups 2020
Lots of exits into top hedge funds
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