Wells Fargo S&T Super Day 2011??

Rank: Baboon | 102

Wells Fargo S&T super day will be this coming Friday (October 7, 2011). Has any one been through this process for Wells Fargo? The program is Wells Fargo Securities Analyst and I specified my main interest to be Fixed Income. Any suggestions or ideas of how this will go?

Comments (29)

 
Oct 31,2011

I'll be there also, same deal. Don't know what to expect specifically either.

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Oct 31,2011

Same boat as you too.

 
Oct 31,2011

is anyone going to be in clt for the reception/dinner and panel discussions for wells super day?

 
Oct 31,2011
 
Oct 31,2011

went through this last year (clt office)

normal superday (6 30min interviews). know where the market is at (s&p, nasdaq, dow, gold, libor etc), be able to do mental math, explain simple fixed income/derivative concepts (what is duration, what is a call etc), pitch a stock, and obviously all the why trading/fit/behavioral questions.

one other thing that was kind of odd. 3 out of the 6 people i interviewed with were bankers instead of traders... so actually got a couple of banking questions (what happens when depr goes up 10, how do the 3 statements link, etc). really weird, and the interviewers themselves admitted they didnt know why they were doing trading interviews.

 
Oct 31,2011

i had an interview with traders an i'm applying for IB. don't know why WF does that.

 
Oct 31,2011

I'll be there for reception stuff on Thursday. I was interviewed by 2 bankers for first round but i'm doing S&T... so strange.

Did they really test your mental math?

 
Oct 31,2011

What schools are you all from? What type of mental math did they ask? Are some of the interviews the typical "stress" interview where they ask you off the wall questions that you have to work through?

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Oct 31,2011

i didnt have any off the wall questions. mental questions were like, what's 5 percent of 24.5% or double digit mult (i.e. 18x19), and it'll just come randomly right after you answer some other question so be prepared.

 
Oct 31,2011

WFS is very weird. They had bankers interviewing for traders. I guess their trading division is just very weak.

 
Oct 31,2011

From what I understand, Wells is grouped somewhat oddly in that they have the traditional IB groups (industry, product, M&A, etc...) and then everything else is broadly grouped as "S&T". So Public Finance, Securitization, research, whatever else, along with the actual Sales and Trading groups are all referred to as "S&T". This is why someone interviewing for a trading position may get an interviewer who is in some random pub fin or securitization banking group. Shouldn't really make a difference when you're interviewing though; just have an idea of what you want and be able to clearly explain why you want that specific group. Worst thing you could do is tell each interviewer that you have a preference for their particular group over the others because I'm sure they will all discuss at the end of the interviews.

Haven't really heard of anything too unique about WF interviews, although you probably should have a good answer for why you prefer them over some of the NYC banks. Best of luck to everyone!

 
Oct 31,2011

So going off of what Downtown said, we now have our interview schedules... I have interviews with people in the asset-backed finance group, which is grouped under S&T. I know nothing about securitization except very basics... how should one approach these interviews?

 
Oct 31,2011

I wouldn't worry too much about man. I actually work on the securitization desk myself and i wouldn't expect an interviewee to know too much about it. As long as you know some basics to ask a few questions you should be good to go. I doubt you'll get technical type questions, especially if aren't interested in going into a securitization group.

Being aware of the current market conditions might be helpful though... eg there's a lot of volatility and uncertainty in the markets right now so spreads have widened meaning not as many deals are getting done. Still decent demand for shorter term AAA or AA ABS (particularly autos) as investors are looking for relatively safe places to invest., Some mez tranches however are having trouble getting done. Obviously the whole S&P CMBS mess is also having an indirect effect, just adding more uncertainty. Issuance has certainly picked up from 2010, but still aren't close to the levels see before the financial crisis. For our particular group, and I would assume for the entire ABS market, there are certainly quite a few deals in the pipeline waiting to get done, however market conditions are pushing some deals back, most likely to at least Q1 2012. I would certainly expect ABS issuance to increase once (or if) markets calm down and spreads narrow a little bit and stablize.

I guess your interview is tomorrow, so it might be too late, but feel free to pm me any more questions you have about securitization or w/e. Good luck!

 
Oct 31,2011
 
Oct 31,2011

I had a phone interview with Wells Fargo Securities for IB last week... Didn't hear back yet. Am I out of the loop?

 
Oct 31,2011
lakersfan1213:

I had a phone interview with Wells Fargo Securities for IB last week... Didn't hear back yet. Am I out of the loop?

they already had their superday in charlotte.

 
Oct 31,2011

Was a well-run superday in imo. Heard there were only 1-2 slots per group hiring which is about 8 total... there were close to 50 candidates there for S&T... and it was only superday for this year... rough times.

 
Oct 31,2011

Does anyone know when they are supposed to get back to us?

 
Oct 31,2011
 
Oct 31,2011

^ alright thanks, I was worrying since I hadn't heard anything. Anyone know how long they usually give you till the offer explodes if you are given an offer?

 
Oct 31,2011

anyone hear recently have a superday with bmo in s+t?

IVY for Life

 
Oct 31,2011
 
Oct 31,2011

Just found out I'm on hold...anyone get any good news?

 
Nov 30,2011

What programs did everyone get into?

 
Nov 30,2011

with which program? Were you offered in the Wells fargo securities?

 
Nov 30,2011