Pls fix Wells IB Leadership. AdDrEsSiNg deck we made = disappointment.

Want the SparkNotes? We got "banker speak" for nothing. But you don't need a SparkNotes because it was only a whole 30 seconds or so on an hour-long call.

Senior Leadership on Junior Banker CIB-wide call:

  1. "We saw the materials and saw the forum" - nice, I would hope so.
  2. "We're exploring resources and solutions" - as you said you have been for months on end now… and as you SHOULD be at all times… without a deck or forum or having to tell me lol.
  3. "We've set a net zero emissions target for 2050" - sick bro.

So what value did any junior bankers at WF pick up from the call? Please chime in because I didn't find any. They brushed it off without giving an update.

Pls fix, thx.

P.S. Tagged some banks that are hiring right now in the keywords, list too long to tag all. Stop me from jumping ship, I dare you.

Update to: https://www.wallstreetoasis.com/forums/wells-fargo-not-addressing-gs-survey-or-the-deck-we-made-three-months-ago

@wallstreetintern feature: https://www.instagram.com/p/CM3nUvHg50P/

eFinancialCareers story: https://www.efinancialcareers.com/news/2021/03/wells-fargo-subsidized-meals-presentation

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Comments (17)

  • Analyst 1 in IB - Cov
Mar 31, 2021 - 2:27am

I did not say I was not interviewing right now... Just dared them to try and stop me... I've lost all incentive to not hit the apply buttons and so have others.

  • Analyst 2 in IB - Cov
Mar 31, 2021 - 2:37am

concur with the above. they also mentioned we have a book club, though. idk about you guys but I barely have time to piss, but let's throw a book and a zoom to talk about it on the schedule.

also sorry, but I only read SEC filings.

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Mar 31, 2021 - 11:05am

"We've set a net zero emissions target for 2050" - sick bro.

lmao. fucking killed me. 

Hear me now, children, for my occupation is of much import. For 82 years I have been an oil man, a ‘baron’ some have called me. Now what does an oil baron do? The answer - crush your enemies! Grind their bones into dirt! Make them regret that they were ever born! Oil is not for the weak - it is the Earth’s milk, and only the strong may suckle at Mother’s teat!

  • 2
Mar 31, 2021 - 12:40pm

Wtf is there to figure out? I thought it was pretty straight forward. Our competitors let employees expense meals while working late from home, so we should just go "dear employees, expense meals up to $x after 7:30. K thx mgmt". Costs peanuts in the grand scheme of things, and takes a 30 minute conf call with his direct reports for the head of IB to do. This is not that fucking hard.

  • Analyst 2 in IB - Cov
Mar 31, 2021 - 1:07pm

simple. Wells likes to compare itself to other BBs all the time when it's beneficial for them. Now that it's our turn to compare them, they have "special circumstances" and logistical needs somehow different than others (even the direct logistical comps: American BS banks Citi/BofA/JPM). what's different? please opine Rob Engel, Jon Weiss, whomever's desk this is apparently on... or just let it sit and watch your precious "growing" bank wither in public forums idc

Controversial
Mar 31, 2021 - 3:25pm

Reality check - you're a first year analyst and as disposable as anyone in the investment bank. No one is on their knees begging you to stay. This is coming from a fellow analyst so it's not that I lack empathy, but rather you have to be realistic and come to terms with the fact that you're just another cog in the wheel and the machine doesn't stop turning just because you decide to call it quits. Does this mean that you shouldn't seek out better opportunities as they present themselves? No. It's a reminder that all the banks that you tagged are also going through the same struggles as it relates to happiness of juniors / managing work life balance.

Since this is a structural / industry-level issue, either tough it out or find greener pastures outside of IB. You can do all the kicking and screaming you want, but until we get rid of the thousands of young professionals lining up for an IB analyst job, the machine will continue to hum along (as it has for decades).

Most Helpful
Apr 1, 2021 - 2:54pm

No one is "in love with the system" - either choose to play with the cards you're dealt or walk away from the table. No one in the industry is working 9-5 right now (no, not even your MD), and everyone from analyst - Directors have been clocking in midnight+ on a consistent basis. I'd be more empathetic to the "woe is me" attitude if work is just getting pushed down and your manager is relaxing on a beach in Florida somewhere, but that's (generally) not the case from what I've seen. You get paid handsomely for the well-documented tradeoffs that come with IB - you can't have your cake and eat it too. If you had the resume and skillset to leave and pursue something better, what's stopping you?

Apr 6, 2021 - 8:23pm

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