Wells Fargo FAP vs. Accenture MCDP
I have been working at Wells Fargo for the past 3 months in the Financial Analyst Program and received an offer from Accenture for their Management Consulting Development Program, starting in February.
Wells Fargo hasn't been the experience I was expecting, and believe Accenture not only provides better experience, but more career development. I accepted the offer last week and am excited to start, but feel horrible leaving Wells Fargo after only 6 months, assuming I quit in January. Has anyone been in a similar situation before? I really respect the people I currently work with, value the firm, and acknowledge they have invested a lot of time and resources into my training. Any suggestions on how to exit the firm? I want make it as smooth of a transition as possible. Any pointers on how I should act now or what to say when I put in my two weeks would be very helpful!
Can you provide some insight into your time at Wells, specifically for FAP? Also, what about it didn't live up to your expectations?
Interested to hear others response to the transition question.
A lot of Wells' Analyst Program is back-ended...you can get promoted to Associate after their big training in San Fran w/o getting a MBA. Plus, from what I know of Wells, many people move around the bank. The connection I know there went from CRE to Mid-market to Corporate to RE IB over 15+ years.
It really depends if you have decided banking isn't right for you. Which there is nothing wrong with. Its good you have such an opportunity to get out. I would say exactly that with your two week notice. I think its less offensive when you are switching industries, and not to a competitor or something.
The "training" in San Fran is their CMTP, or Credit Management Training Program. Most people (at least in corporate banking) will only do it if they want to switch groups or if they are focused on a credit-related role as they move forward. Lots of CB analysts are promoted to "Associate Relationship Manager" without going through CMTP.
Thanks for the advice everyone. You're right, Wells Fargo lets employees move around the bank a lot, especially after you finish FAP.
Good point about switching industries. Do you think they will ask me to leave as soon as I tell them?
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