Wells Fargo S&T groups in NYC or Charlotte?

Lots of old, maybe outdated information on Wells Fargo S&T groups. Can anyone give updated info on which groups are in NYC and Charlotte. It seems like their IB division has started to move more and more to NY. Have they done the same for S&T? Whats the culture like and which groups are strong?

Comments (7)

May 25, 2020 - 4:31pm
TackoDonkey, what's your opinion? Comment below:

I believe the equity desks are in NYC but the fixed income desks are in Charlotte.

Array
May 25, 2020 - 5:56pm
EquitiesGod, what's your opinion? Comment below:

can confirm

Array
May 25, 2020 - 7:15pm
AverageJoe1, what's your opinion? Comment below:

S&T atleast new hires in the Director and Managing Director levels most have been in NYC even on the fixed income side. Junior talent still split between NYC and Charolette. Top groups at Wells S&T is fixed income, asset backed securities and debt capital markets. I belivee Wells hasn't even closed an IB deal manadate so far this year.

  • 1
May 25, 2020 - 7:28pm
TackoDonkey, what's your opinion? Comment below:

Do you happen to know what comp is like during first year?

Array
May 25, 2020 - 8:20pm
AverageJoe1, what's your opinion? Comment below:

Year 1 - 85K + 10K sign-on (Bonus is usually between 10K-20K) Year 2 - 90K + (Bonus is usually between 10K - 50K) Year 3 - Typically about half of the analyst class is promoted to Associate where base comp is 120K - 125K + (Bonus really varies based on the desk)

Wells pays below street for comp in S&T.

  • 1
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Jun 19, 2020 - 1:07am
wahoo9719, what's your opinion? Comment below:

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