Wells Fargo Summer 2027 vs BNP Paribas Sales & Trading Internship
I’m currently deciding between two Summer 2027 internship offers and would really appreciate some insight:
- Wells Fargo – Fixed Income (Markets)
- BNP Paribas – Rotational Internship (Markets)
I’m trying to figure out which would set me up better long-term, especially if I’m interested in markets roles post-grad.
A few things I’m thinking about:
- How strong is Wells Fargo’s fixed income platform vs BNP’s overall markets presence?
- Conversion rates / full-time placement into markets roles at either firm
- Culture, deal flow, and exit opportunities
Congrats on 2 great offers. Assuming these are both NYC,
- No point doing Wells if you don't want to do fixed income.|
- BNP is probably stronger overall, particularly for equity derivatives. Thus for exits I'd go BNP probably but both are solid middle markets, lateralling to other banks will be fine, top macro HFs probably quite rate from both.
- Pretty sure culture at both is totally fine
-Not sure about conversions but I haven't heard any horror stories, although BNP has a more established summer internship and graduate programme so I'd probably tend towards them for converting. But honestly not sure.
Return offer rate for bnp is pretty low ~50% so keep that in mind
Ah interesting, didn't know that. Any idea for Wells?
do you know for wells?
Wells been growing teams fast and I believe they have better return rates
A good chunk of wells fixed income operation is in Charlotte, so if you want to be in NYC I would go with BNP. In terms of who has a better overall fixed income platform in the US (I'm not an equities person) I think its Wells. Wells is 5-10 in most of the major products in fixed income, I think BNP sits a bit below that.
I would go with Wells.
BNP's culture has issues and the return rate is very low + political. A lot of teams also just don't want to spend time investing in interns.
Most roles for BNP undergrad interns are around sales because they give most trading seats to master's.
In general, you are better off betting for a fixed income seat for long term unless you get BNP's eqd team. Wells seems to also have higher return rates and it's important you get a seat in the industry first.
Do you think after a few years at a shop like wells/bnp it’s possible for top performers to move to GS/MS/etc
One of my buddies interned there last summer, horrific return offer rates. If my memory serves me well, it was something like 40%.
At wells or bnp?
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