Curious if anyone has any information about Wells Fargo’s Mid-Cap group. Curious what analysts do after their 2 years and what the culture is like. WSO doesn’t have a lot of information about the group. Seems like they hired head of MM M&A at J.P. Morgan and a few other people.
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Based on the most helpful WSO content, there isn't specific detailed information about Wells Fargo's Mid-Cap group in the provided context. However, here are some general insights about Wells Fargo's culture and analyst experiences that might be relevant:
Culture: Wells Fargo's culture can vary significantly by team and leadership. Some teams are described as having a "sweatshop" environment with heavy workloads and limited support, while others are praised for treating employees well and maintaining a balanced work-life dynamic. It seems to depend heavily on the specific group and management.
Exit Opportunities: Analysts at Wells Fargo, particularly in programs like the Financial Analyst Program (FAP), often face a highly political process for advancement or placement. Exit opportunities can range from roles in portfolio management, credit analysis, or relationship management, depending on the skills demonstrated during their tenure.
Recent Developments: Wells Fargo has been making efforts to grow its investment banking presence, as seen with moves like hiring senior talent from other major firms. This could indicate a focus on strengthening groups like Mid-Cap, but specific outcomes for analysts in this group aren't detailed in the context.
If you're looking for more specific insights about the Mid-Cap group, it might be worth exploring WSO forums further or reaching out to current or former employees directly.
Sources: Q&A: Wells Fargo Financial Analyst Program for Commercial Banking, Q&A: Wells Fargo Financial Analyst Program for Commercial Banking, WSO 2021 Investment Banking Work-Conditions Survey (Part 2/2), Wells Fargo CIB
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Chill group with solid hours
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What’s considered MM for wells? Can’t imagine it’s the same as what the head was doing at JPM
Press release said JPM guy was brought over to do 250-2 billion EV. Small publicly traded companies, founder owned, and family owned businesses.
Isn't that basically the range of what WF does right now anyways? What would he do that would be considered smaller for WF standards?
In terms of pure-play M&A advisory roles without lending, I have rarely seen WF deals hit the $2B TEV mark.
Wells Mid Cap Chicago is switching to 3 year analyst stint. MD from JPM focuses mainly on recreational equipment (RV's, boats, etc.) Smaller office that is growing at a good pace, good hours too.
Do you know anything about the LA office? What groups are there, culture, headcount, etc
Nope sorry
Hi ! I’m posting under various discussions in hopes to get my post seen. I would very much appreciate any advice anyone can share!
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Thank you to everyone who can help! Wishing you all the best of luck!
X
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Chill group with good hours. Broadly thought of as the “B team” at Wells but that’s true of every MM group embedded at big banks.
I’m skeptical of how successful the group has been / will be… the idea is to generate MM flow by leveraging the bank’s vast network of corporate banking relationships. But breaking into that ecosystem is difficult with firms like Baird, Blair, HL etc already entrenched.
It’s an ok group, but GS and JPM totally outpace all the other full-service banks with their respective Mid-Cap focused groups. WF has been hiring a lot, so maybe it’s a matter of time before they catch up, but not there yet.
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