Wells is a balance sheet bank. Their M&A platform is not great; most of their deals are debt related, which means you would want to be in LevFin or Sponsors. And Wells Sponsors is pretty shitty because the firm doesn't have existing relationships with any major funds. So you want to get onto LevFin. That's where you'll actually see major dealflow.
This is true, however if you are looking to get into a coverage group at Wells Industrials is your best bet, being a debt heavy industry. Industrials is undoubtedly the strongest coverage group at WFS in terms of deal flow and deal position (left lead vs JBR manager), unless you count MMG which is product/industry agnostic
In an incoming class of ~6 (in CLT alone, believe it is about the same in NY) 2-3 will probably get a good PE firm and 2-3 will go A-to-A. Overall a strong group, culture is what you should expect at a BB
Hey everyone, I'm curious to know your impressions of this group (based in Charlotte). Deal flow, exit opps, anything you can add would be appreciated. Or even if you have info about Charlotte as a city, that would be great too.
On a side note, I know there was a thread on this topic last December, but if anyone can give me some more recent insight, that would be great.
I am interested in IB at Wells Fargo. The company recently posted a full-time S&T position on my college's career website. Do you know anything about Wells Fargo's recruiting timeline? Thanks!
No idea on the S&T side. I would be making a lateral move and this process has taken about 1.5 weeks so far (including initial phone screen, first phone interview and scheduled in-person meetings in ~2 weeks time)
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WF Industrials in Charlotte - hands down, best group, tons of deal flow.
LevFin is far and away WFS's best group.
Wells is a balance sheet bank. Their M&A platform is not great; most of their deals are debt related, which means you would want to be in LevFin or Sponsors. And Wells Sponsors is pretty shitty because the firm doesn't have existing relationships with any major funds. So you want to get onto LevFin. That's where you'll actually see major dealflow.
This is true, however if you are looking to get into a coverage group at Wells Industrials is your best bet, being a debt heavy industry. Industrials is undoubtedly the strongest coverage group at WFS in terms of deal flow and deal position (left lead vs JBR manager), unless you count MMG which is product/industry agnostic
top groups are: Lev fin, RE, E&P.
Everything else is mediocre.
Wells Fargo Industrials Charlotte (Originally Posted: 11/08/2015)
Can anyone tell me about the Wells Industrials Group in Charlotte? Exit Ops? Deal Flow? Culture? Modeling? Access to senior bankers?
Do any of the groups do in house modeling for M&A?
Any input much appreciated.
In an incoming class of ~6 (in CLT alone, believe it is about the same in NY) 2-3 will probably get a good PE firm and 2-3 will go A-to-A. Overall a strong group, culture is what you should expect at a BB
Wells Fargo Industrials - Charlotte (Originally Posted: 11/06/2014)
Hey everyone, I'm curious to know your impressions of this group (based in Charlotte). Deal flow, exit opps, anything you can add would be appreciated. Or even if you have info about Charlotte as a city, that would be great too.
On a side note, I know there was a thread on this topic last December, but if anyone can give me some more recent insight, that would be great.
Hi,
I am interested in IB at Wells Fargo. The company recently posted a full-time S&T position on my college's career website. Do you know anything about Wells Fargo's recruiting timeline? Thanks!
No idea on the S&T side. I would be making a lateral move and this process has taken about 1.5 weeks so far (including initial phone screen, first phone interview and scheduled in-person meetings in ~2 weeks time)
Which S&T group?
I thought industrials was based out of NY
in both
Do you guys think/know if WFS Industrials has good exit opps (specifically looking into PE)?
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