Would love to hear people's thoughts on the comparison between Wells Fargo IB (platform offer - all divisions and locations) vs. a small tech boutique (think USA/GCA/FTP in NY office) for SA position. Here's what's important to me: Learning experience & responsibility Potential to re-recruit for full time at BB or EB Exit ops - preferable PE or lateral, and the more optionality the better Getting experience in tech/TMT (whether at SA stage or later on) Culture Thank you so much for sharing. This community has been incredibly helpful throughout recruiting.
10 Sep 2020
"https://www.wellsfargojobs.co m/applicationprocess-earlycareers" If you look at the above link, some of these internships have a range of dates listed; for example, the Wealth and Investment Management Intern Program has the dates October 7, 2020 - October 8, 2020. Is this the full application window? It seems rather crazy that you only have a two day window during which you can submit an application! NB: I tried searching up the job ID of some of the available internships on WF's career website, and they didn't appear, so the window to submit applications certainly isn't open right now.
26 Sep 2020
I am currently in the recruiting process for the full time Financial Analyst Program at Wells Fargo. I have completed my 1st round interview and am getting ready for my second round interview. The behavioral questions were not bad but I could use some tips on the technical questions. The 1 technical they did ask me was "Besides the three financial statements, what else would you look when lending to a company?" Does anyone have any idea what they may ask for a second round? Also if there are any full time Financial Analysts in the program, please comment below, I would love to connect.
04 Oct 2020
I see everyone else posting this so I figured I'd throw this question out there. Based on the size of Wells Fargo's intern class, do you think they're likely to give out FT offers? We got an update saying we'd get an update in a few weeks but nothing since.
08 Apr 2020
Lots of old, maybe outdated information on Wells Fargo S&T groups.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?
25 May 2020
I got admitted into this Forum and not sure if any current WF employees have any insight on how likely placements are from this "Pipeline" event. I have two potential referrals for Wells Fargo, but after getting admitted into this Forum, they encourage me to put the Forum as my referral instead. Any other forum attendees here?
10 Sep 2020
Currently going through the placement process at Wells Fargo and curious what the top groups are. I found some old posts, but nothing recently. Which groups would you recommend? What are your thoughts on their sponsors group? I have read that it was good in the past but I imagine the conservative nature of the bank must get them. Also curious on the strength of the REGAL group. I appreciate the help!
17 Jan 2020
Wells Fargo SA 2020 applications opened up today for IBD so I just wanted to get a thread going to stay up to date with the process. Does anyone have an idea of what the timeline is looking like, and whether they're sticking with phone interviews or using hirevues? Good luck!
12 Jul 2019
Has anyone been interviewed for this? I have an interview today and know it will be behavioral, but I wanted to know which types of questions I should prepare for.
29 Jun 2020
Story from NYT Dealbreaker: Bonus Watch '19: Carnage At The Stagecoach [quote]It appears that bonuses are being handed out at Wells Fargo, and judging from our email inbox, America's least-trusted bank is now pretty widely hated by the people who still work there. According to one tipster, "Wells Fargo bonuses released today. Associates and up. Down 30% across the board. Even hurting stub associates." Says a second, "Bonuses announced here at WF. They are screwing us almost as bad as our clients. 30% drop. Morale in the shitter." And yet a third puts it even more stark picture. "Absolute bonus
10 Mar 2019
Hey has anyone heard back with an offer? Just finished up super day last week and am still waiting to hear. If you did receive an offer, how long after your super day did you get it? Thanks!
30 Oct 2018
Seems like this is a necessary (and long overdue) step in the right direction. Any thoughts on how a new CEO might shake up WF's business lines? And any guesses on who the new CEO might be? It's been rumored that Wells was interested in Gary Cohn and Harvey Schwartz. Article
29 Mar 2019
What are your thoughts as of 2018? Read some reviews of STRH on here but seem to be a little outdated. Will be SA in coverage at STRH in a couple of weeks and was personally impressed by their team after networking with senior bankers, but have ties to Charlotte and am also considering WF for FT next year. Is Charlotte still a better city for banking assuming I want to stay in the south? How is WF's deal flow? I'm sure Levfin is still the biggest revenue generator due to balance sheet. Appreciate your input.
13 May 2018
As a former "investment banking" summer analyst at Wells Fargo Securities a couple years ago, I wanted to give all of y'all a heads up before you sign an offer. wells fargo investment banking overview The way that Wells did group placement was pretty ass back in my day (and I'm pretty sure they haven't changed it). Well Fargo Investments Placement Process In terms of group placement after signing the offer, Wells combines their normal IBD groups (coverage, M&A, Sponsors, etc.), their capital markets groups (LevFin, DCM, ECM, Syndications), public finance, and their asset backed finance
05 Aug 2017
Hey monkeys, Wells Fargo is starting to get used to apologizing. It was just disclosed that Wells Fargo & Co. has pushed thousands of car buyers into loan defaults and repossessions by charging them for unwanted insurance. Much of this is pointing to major failure in their "internal controls". [quote] An internal review of the bank's auto lending found more than 500,000 clients may have unwittingly paid for protection against vehicle loss or damage while making monthly loan payments, even though many drivers already had their own policies, Wells Fargo said in a statement late Thursday. The
02 Aug 2017
I got a SA Sales and Trading offer from Wells Fargo for the New York office for summer 2019. I like the firm a lot but some of the other firms I've been looking at (BAML, JP, CS) haven't even opened applications for S&T yet. Any advice? The offer explodes soon
10 May 2018
What are the best groups in Wells Fargo's IBD in terms of deal flow, culture and exit opps? I know this has been posted here before but the information is pretty old and WF is growing fast so I assume much of it has changed. I'm also curious about the locations of each group for interns as I know some are exclusively New York or exclusively Charlotte.
29 Sep 2017
Hi guys, Just wanted to gauge opinions on the forum about junior year SA offers my friend is currently deciding between. One is Wells Fargo IB (either in Charlotte or NYC, location not secured yet) or JPM Asset Management (NYC). He long-term goal is to be an investor, and he's been in love with the public markets for as long as I can remember. Any input would be greatly appreciated!
10 Oct 2017
Curious how recent regulatory action / scandal has affected deal flow and sentiment on the street for WFs IBD. Also curious which groups are best. Thanks.
13 Feb 2018
So, NYC got bombed this weekend and I'm surprised nobody has brought it up here. Then, the CEO from Wells Fargo gets grilled in Congress today and also nobody brings that up either. Feel free to discuss here.
20 Sep 2016
How long after your interview for an internship with Wells Fargo did you hear back? Couple days, next day, several weeks? I've heard it varies by office but any insight would be great. Please provide location, position and how many days after superday you heard back. Thank you!
03 Nov 2018
The Wells Fargo Full- Time Securities Analyst program application was only open on August 5, 2016. I am still waiting to hear back. Just wanted to find out if anyone has heard back yet.
11 Aug 2016
I have a Wealth and Investment Management Internship lined up for Summer 2017 with Wells Fargo on the west coast. My grades are within 3.0 - 3.5 range, I go to a non-target school in the Midwest, currently in two business related clubs, my major is Finance... What do YOU think my chances are of breaking in for Summer 2018? Have you heard any non-traditional entrances into IBD like mine? Please share.
01 Mar 2017
A Wells Fargo employee sent an email to the CEO, John Stumpf, he also CC'd 200,000 other Wells Fargo employees on the email asking for a 10,000 raise for every employee. In the letter, he brought up the issue of income inequality. He pointed out that Stumpf took home $19 million in compensation for 2013. Here's the letter: [quote] Mr. Stumpf, With the increasing focus on income inequality in the United States. Wells Fargo has an opportunity to be at the forefront of helping to reduce this by setting the bar, leading by example, and showing the other large corporations that it is very possible
18 Oct 2014
Hi everyone-- I'm wondering how easy/difficult it is to switch internally from middle-market commercial banking to the corporate client division within a bank such as Wells Fargo. My guess is that it would be difficult since they train you for your specific division? Anyone have any thoughts?
26 Mar 2018
Title says it all, but I should note that I have already accepted a TS job at a big 4. What would you do?
03 Nov 2016
Has anyone heard back from their superday saying that they didn't get the job? If you have heard back and did get the job, did you get an email or phone call?
12 Nov 2018
For context: This is for a Summer Investment Banking Analyst position. Hey guys, I'm a bit of a predicament. I have an offer for Wells Fargo IBD SA, but the issue is the offer expires this week and I've asked them to push the deadline but they said they aren't willing to budge on the date. I have a BAML IBD superday next week, after the Wells deadline passes. I'm looking for advice. Should I accept the Wells Fargo offer, thereby losing the chance to work at a better firm? Or should I reject Wells and pray that I get the BAML offer? Also, what are the consequences if I accept the position at
23 Nov 2015
I was wondering if anybody here applied for this program (particularly in Corporate & Commercial banking, because I think the IB program might have a different notification timeline) and was notified? With over 1,000 applicants I figure there must be a few here. They said in the conference call that the decisions would be rendered by this week. If so, did they reach out via. e-mail or phone for 1st round? Did they send out a rejection e-mail? I haven't gotten anything yet and am hoping I didn't give them the wrong e-mail or something
11 Dec 2015
Hey guys, I have an interview coming up with Wells Fargo Principal Investing for a summer internship. Anybody else have any information on the interview, etc? It's a 30 minute phone interview: does that mean it will be with HR and thus no technical questions? Thanks!!
24 Nov 2014
Hey Everyone, I had a first round interview with Wells Fargo back in August for their Summer Financial Analyst Program for Summer 2015. After 2 or 3 weeks I heard back that I moved on to their final step which is a superday in SF next month. I know the superday is going to be mostly technical question, and I feel that I should not struggle with this. I just wanted some input from people who have had experiences with this program, or know someone who was. I wanted to know more about: -Quality of the program (Workload, Challenging work?, Good people to work with?, solid feeback?, etc.) -Starting Salary + Bonus
08 Oct 2014
Just had this forwarded to me...apparently, some student felt that Wells Fargo was "creeping" his accounts and first sent them this:
-------------------------------------------- From: XXX Sent: Sunday, November 24, 2013 1:59 AM To: XXXX Subject: Not Interested Hi, Currently NOT interested in the Securities Analyst Program. Please stop creeping on my accounts. Cordially, XXXXXX
25 Nov 2013
Hey has anyone done Wells Fargo's written assessment for their full-time financial analyst program? Had an on-campus interview and was asked later to complete an hour long written assessment prior to coming to the last round of interviews. Can anyone give feedback as to what to expect for the written portion? Thanks!
22 Nov 2019
Hey all, I have an offer from Wells FAP, a boutique commercial real estate brokerage, and an offer from a F200 company for a financial analyst. I think the starting salaries are all pretty similar (FAP-60kish, F200-60kish, CRE-45k+19kish expected bonus) I was just wondering which choice would be the best for me if my priorities lie in salary progression, earning potential, and potential exit ops (trying to leave the door open for a MBA). Work/Life balance is also somewhat important to me and I just wanted to hear opinions on the roles.
24 Jan 2017
Hello WSO, I wanted to give back a little bit by talking about the recruiting process I went through and the interview questions I answered. First Round I got an interview via OCR. Spoke with one associate level person in the tech banking group. Questions were mainly behavioral. Asked about group work mostly. On the technical side of things she asked about what I would consider when lending to a company. (Free cash flow, strength of financials, strength of business, management team etc). Afterwards I asked what she thought about increasing cash burn rates in many tech companies as well as speaking to her about the economy and the Fed. Second round
28 Oct 2014
Hey all, So I've gotten offers from both. I do want to end up getting a FT IB offer, but obviously the Goldman name on the resume is a lot stronger than the Wells Fargo name... Opinions? I've got until Thursday to decide for both. Also, Wells is a platform offer, and GS is rotational. THANKS! Edit: Do you think itll be easier to transition from Goldman S&T into a BB IBD or from Wells IBD into a BB IBD?
15 Dec 2014
Hi! Trying to decide between a few offers. The 2 that I am in between are: Wells Fargo Financial Analyst Program (commercial bank) Base: 60k, Bonus 5k, Potential bonus 10-15% of salary Capgemini Consulting- staff consultant Base 66k, Bonus 4k, Relocation fee 3.5k I will graduate from a target school Finance degree with 2 internships: 1 from BOA, 1 from energy company. Which one will give me better exit opportunities? Hesitant to not go into finance after college and banking is competitive to get into post-grad (from what my peers have said).
05 Nov 2019
Does anyone know about the WF Capital Finance division? The website describes it as asset based lending. It's part of their Financial Analyst Program alongside commercial banking, corporate banking, risk, etc. What are the hours, salary, exit opps for this position? http://www.wellsfargocapitalfinance.com/
05 Aug 2014
Does anyone know anything about the Commercial Real Estate program at Wells Fargo? It's one of the business lines in their 3-year Financial Analyst rotational program. https://www.wellsfargo.com/careers/mbas_undergrad… I would be interested in any input anyone might have.
23 Aug 2012
Hey guys, I have an interview coming up with Wells Fargo for the WBR (Wealth, Brokerage, and Retirement) Analyst Program. Has anybody had experience with this group? Any insights to their interview/recruiting process? Thanks for all your help.
03 Oct 2012
Hi all, I am 21 years of age looking for a full time analyst role or internship with a BB bank. I am wondering where I should look in terms of company or just general career advice. Experience: KPMG Tax Intern (received full time offer but trying to transition into KPMG Advisory) Sales and Analyst Intern at a no name firm. Only skill learned was Bloomberg Terminal. Education: I go to a semi target in my region and have a 3.61 GPA, 3.83 Major GPA. Am doing a concentration in Finance. I have one full year of school left and am applying a year out. I don't care if I have to do another internship
29 Jul 2016
Hi guys. So I recently met an employee from Wells Fargo Securities/IBD and he gave me his business card. On it, it says "Loan Sales." I've never seen this term used for IBD in this forum. Can anyone shed some light on what division he works for? Thank you.
23 Oct 2014
Hi monkeys, I am working as a summer analyst at Wells Fargo and am wondering if there will be a drug test. Can past summer analyst's share their experience I have looked on other threads but cant find a direct answer.
08 Mar 2017
Got notified by Wells Fargo to send in a survey to be considered for a phone interview for Wealth and Investment Management. When should I expect to hear back if I got a phone interview or not?
26 Feb 2018