I have a 1st round phone interview for Wells Fargo's Summer Analyst Internship Position coming up and I was wondering if anyone who interviewed before/knows about the program could help me prepare for the interview. I am weak on my accounting knowledge so have been looking at some basic accounting concepts and have begun preparing for behavioral-type questions. Any insight would be much appreciated. Thanks!
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Is this for OCR? Typical banking questions, if you study the guides you'll be in great shape. Know your story, why banking, why wells. I didn't get any accounting questions, unless you consider how the statements connect and how do you find ebitda to be accounting questions.
Great, thank you for responding. I got the interview from networking with an alumni at my university and applying on Wells Fargo's website about a month ago. Were there any other technical questions other than how the 3 financial statements connect and how to find ebitda?
Okay I was just asking because I've already had my second round interview and it was my understanding that second rounds were finished today with offers for non-core going out early next week... I'd expect basic questions on valuation and stock pitch/ economy outlook type questions
he could be talking about about WF vs WFS or something else as to why the dates are different. I know the commercial bank has different deadlines than WFS.
Through the tags of his posts, it says commercial banking?
I interviewed for IBD
It is for either commercial real estate, commercial banking, corporate banking, capital finance, and wholesale credit/risk. I think the way it works is that you will give a preference and they will see what openings are available and the program gives an overview of different types of industries. Any other advice about the first-round phone interview? Thanks!
Wells Fargo Securities SA interview questions (Originally Posted: 01/28/2012)
Hi,
So I have an SA interview coming up with them, and I have some basic questions that I hope could be answered.
Since the division is S&T and IBD, how do I know which i'm interviewing for? My resume has multiple ib internships so i'm leaning towards that...
I go to a wfs target, so is the process really only one interview and then an offer?
Anyone go through a wfs interview and have advice?
please feel free to pm
Thanks
I had three rounds of phone interviews with them, very technical and very hard questions. PM me and I'm happy to share more.
at my target it was a 2 on 1 interview for SA, one from IB one from S&T. They decided in the interview which you are going for, and extend a platform (IBD or S&T) offer after the first round on campus. No superday for SA.
This is what I got from HR, having an interview coming up as well.
"The first interview will be a 30 minute phone interview with 1 person from Sales & Trading and 1 person from Investment Banking. Feel free to state your preferred track (IBCM or S&T). If you are selected to move on to final rounds you will either go to IB final rounds or S&T final rounds (based on your preference and skill set). The final round interview will be a phone interview with either 2 bankers from IB or 2 from S&T. Candidates who receive an offer will receive a platform offer for either IB or S&T (not group or location specific). There is a placement day in March where you would find out your actual group and location for the summer."
Just went through the process. The first round was on campus. One interviewer from S&T and one from IB. Here are some of the questions they asked:
Basic valuation questions about DCF, comps, WACC Why would a firm choose debt over equity? When would the yield curve be upward sloping? How do you deal with pressure? A random brainteaser
Also, I'm really not impressed with the way they recruit. Most of us interviewing with them on campus were only interested in IB and yet, there was always someone from S&T present. I know at least one guy who got shafted because his whole interview was dominated by the S&T person.
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