I have my first round interview for Wells Fargo 2018 Summer Analyst in IB coming up, I was wondering what the interview consisted of - I've heard there's been a lot of technicals in the past.
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Is this an accelerated interview with an exploding offer? Why on earth would you want to do that...Wells Fargo isn't exactly the best of the bunch....
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You might want to get an offer before you start trying to talk shit lol
Already have one, my friend.
also interested
litearlly no technicals, all behavioral. had mine this morning. SUPER chill
Did mine in S&T last week - was told we'd hear back little outside of a week for potential 2nd round phone screen (lol)
Anybody have one/hear back from Houston?
Had my first round today
What divison
I applied, application still under review.. does this mean I'm being deferred? I go to a strong target school for WF
All behavioral. Two guys interviewed me and asked about team experiences.
my interview was 2/3 behavioral 1/3 technical...seems like interviews are different based on who you get.
Does anyone know when we're supposed to hear back?
Should be within this week I think
Just got a call for an IBD superday invite today.
Has anyone heard for S&T?
hey all. was just reading through this thread and thought id add my own two cents in. I also applied through the accelerated process, got a first round interview, purely behavioral questions, and got an invite for the superday via a call last night. Its supposedly two interviews for the super day. would anyone have any idea as to how long each is gonna be?
I'm did S&T, and my interviewers said it'll be several interviews per day in Charlotte, along with a case study, and a dinner. The dinner will probably be fun - basically to see if you can socialize and just be normal.
You're referring to the networking event as the dinner right? Ya thats the night before, but the email I got says it will just be two interviews. Time slot seems rather long tho, so is that the same info you received?
Is the panel mentioned in the email like a panel type interview, or a panel of senior management talking to the entire group about the firm?
hope it's the latter lmao
congrats to all those who got superdays! do y'all know if they will pay for the uber/cab to and from home to the airport..........#realburningquestions
I believe they will. Says on the bottom of the email. also seems like there's a shuttle they're providing!
Have they all been sent out yet for IB?
--
And has anyone gotten a rejection yet?
In the email when it talks about Group Travel emailing us regarding the flight, does that mean we book it and then they will reimburse us for the flight, or does that department book the flight for us?
you book it through the link they gave us on the e-mail. click the register button on the top of the link
Are all super days in Charlotte or are some in NYC too? I never selected a preferred location for this but would definitely like to work in NYC over Charlotte
All interviews are held in Charlotte. Locations will be selected when you choose a group sometime in the winter after offers are given/accepted
Great thanks
Do we get paired with roommates at the hotel?
.
same
EDIT: regarding the reservation issue, not the latter part lol
Lol same here!! I guess if we don't hear anything back about it, should we just book a flight anyways? An offer is still an offer...
Is anyone else unable to attend the superday? If so, did they tell you what the alternative is?
that'll be in october i think
Okay that's what someone at Wells just mentioned to me earlier today, but that would just be their normal recruiting superday, right? So it wouldn't really be a makeup, but just attending their regular decision one
As a former "investment banking" summer analyst at Wells Fargo Securities a couple years ago, I wanted to give all of y'all a heads up before you sign an offer. The way that Wells did group placement was pretty ass back in my day (and I'm pretty sure they haven't changed it).
In terms of group placement after signing the offer, Wells combines their normal IBD groups (coverage, M&A, Sponsors, etc.), their capital markets groups (LevFin, DCM, ECM, Syndications), public finance, and their asset backed finance (structured finance/lending) groups into the same "investment banking" recruiting pipeline.
The real kicker is how Wells does location. Instead of applying, interviewing, and getting an offer for a specific city like every other bank in the world, Wells places you into a city AFTER you sign the offer. And what they don't tell you until you find out for yourselves is that around 70%+ of positions are in Charlotte, not NYC or SF.
And while there is a group matching process, HR plays a heavy role and almost everyone preferences normal IBD groups in NYC, SF, or LA as their top choice so you can imagine how much of a shitshow that becomes. So after you sign the offer, there's a very likely (in fact more than likely) chance that you could get placed in something like syndicated finance or asset backed finance in Charlotte, especially with returning sophomore diversity interns taking up a lot of the NYC/SF spots before group placement for junior interns even begins.
There is the possibility of switching groups between your SA and FT stint, however there tend to be very few or no spots in NYC or SF FT and everyone in Charlotte tries to switch out of cities so people successfully doing it are few and far between.
There's a reason they do recruiting this way since they can't get a whole lot of good talent to come to Charlotte or work in their shitter groups without being super bait and switchy. I mean it is Wells Fargo, you shouldn't be surprised at this point if they're doing shady shit.
So unless you're super open to the idea of ending up working in Charlotte and syndicating loans or lending against mortgages despite signing an "investment banking" offer letter, I'd strongly encourage you to go through the recruiting process at other banks before locking yourself into Wells too early.
I don't know why anyone applying for Wells is surprised they might have to work in Charlotte. Obviously the location of a bank's IB headquarters will be where a predominant number of their internships are located. However, I do agree that their placement system needs to change from the sounds of it.
When I went through the recruitment process at Wells, they would deliberately mislead you. I went to a target school in the northeast (also grew up in the northeast) so naturally everyone wanted NYC. During on-campus info sessions and chats with alum, they would significantly downplay your odds of getting placed in Charlotte (nobody ever mentioned that 70%+ of headcount was in Charlotte), and you would get repeatedly assured that if you're from the northeast you would get placed in NYC with no problem if you wanted. However, as it turned out, a significant chunk of the people placed in Charlotte were people who went to school in the northeast and/or from the NYC area, and a lot of people ended up bitter and disillusioned.
rejections sent yet?
does anybody know how many people are going to be at this superday? and how many people get an offer?
would like to know too lol
and i guess it's IB and sales/trading both at this superday?
for the superday next week, do you go to the hotel first or the reception place?
Hotel unless you land in evening
received offer for sales & trading this morning
congrats - phone call or email?
few phone calls from people
Not yet
Just heard back from IB im 1 of 11 offers. Nontarget
11 offers? jfc there were like 200+ kids there...
email or call?
Just got a call, didn't specify how many people total but don't think 11
The Wells IB superday that just happened on Aug 15th was their target school super day. It wouldn't make sense that only 11 offers were given out if there were over 180 kids there.
it was for both IB and s&t, seems like s&t has made its calls already according to the poster above. but in terms of being a target school superday, i am not too sure about that since there were a lot of kids from non-target schools as well
not a target school super day - simply accelerated process.
11 offers for 150+ kids seems a bit strange for ib.
S&T had maybe only 50 ppl
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