*Do forgive me if I'm posting in the wrong section; I've lurked around in WSO plenty but only posted one topic before and that was almost 2 years ago.
Context: Internal transfer. I worked with WF’s Consumer Lending Group as an risk summer intern in California. I heard about the Financial Analyst Program (FAP) while still interning, talked to a recruiter who passed my resume to a VP in managaing the FAP. He gave me a phone interview and about a month later I got flown to Charlotte for an in-person super day.
As I write this post I had the interview literally 24 hours ago. I thought about waiting to post until knowing about offer results, but I figured the questions wouldn’t be as fresh in my head by then. At any rate, the super day consisted of five 30-minute one-on-one rounds, with a 15 minute break between the second and third rounds. It was roughly a 70-30 ratio of behavioral to technical questions. Very standard behavioral questions (“Tell me about a time when…”) which I feel will be redundant to discuss.
1st VP in Commercial Real Estate “Walk me through the three financial statements.”
2nd SVP in Commercial Banking “Besides the three financial statements, what else would you look at in a company when considering lending to it?”
3rd VP in Specialized Lending. He focused specifically on real estate capital markets, but this is separate from Commercial Real Estate. It turned out he’s also the one who did the phone interview so this worked to my advantage. “What recent economic news has affected Wells Fargo recently?”
4th VP in Corporate Banking “If a company incurs $10 in depreciation, how would that affect the three financial statements?”
5th SVP in Wholesale Risk Same question as 2nd, just worded differently.
Afterwards they handed me a preference form indicating which line of business within FAP (commercial banking, corporate banking, commercial real estate, specialized lending, and wholesale risk; there are other lines too but those five were the only ones available), as well as desired location. They told me they’ll get back to me in 2 weeks or less.
I got the impression that because I was in a batch of internal transfer candidates, they purposely reduced the difficulty of the questions and try to extend offers to as many of us as possible. From what I heard there are currently 80-90 openings across the nation and they wanted to prioritize the internal transfer candidates first for those openings. In order of preference for the company: 1. Summer analysts within FAP; 2. Internal transfers from other departments; 3. OCR; 4. Everyone else
Cheers.
I was there as well. I heard we will hear Monday
That early? I heard a week or two. A single weekend to evaluate all the candidates sounds like quite a task.
I got a no
I had my phone interview this week! My fit to tech ratio was 60 to 40. The scenario questions were pretty fun to answer but the technicals were challenging for me; glassdoor informed me that the only tech question they will ask me is "walk me through the 3 financial statements" (damn glassdoor).
Always expect the worst! Have you heard from WF yet? I had a phone interview with the RM three days ago. How long do you think it will take before I hear anything from them?
No I havent, Im not expecting a 2nd round. Honestly, I did not imagine getting an interview for a job with a 60-65k salary.
good luck to you
Why would you only prepare for one technical question? If you aren't ready for the basics (WACC, DCF, 4 valuation models, etc) you're going to get crushed all season in interviews.
I have no excuses.. lol
Anyone hear back on this?
Friend got an offer and signed if that helps
Wells Fargo Superday FAP (Originally Posted: 11/07/2017)
Has anyone heard from the Wells Fargo FAP superday on 10/25 in Carlsbad? They said it would take a while I just wanted to check in if anyone has heard.
I was told it would take a week
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