Wells Fargo Top Groups
I understand Wells gets a pretty bad rep (especially on this site) but have always heard there are a couple decent groups in terms of deal flow and PE placement. Curious what those are? thanks
Mar 07, 2023
Mar 07, 2023
WSO Virtual Bootcamps See all
Popular Content See all
Career Advancement Opportunities
March 2023 Investment Banking
-
Lazard Freres ( + + ) 99.5%
-
Jefferies & Company ( ▽01 ) 99.1%
-
Financial Technology Partners ( = = ) 98.6%
-
Lincoln International ( ▽02 ) 98.2%
-
William Blair ( ▲10 ) 97.7%
Overall Employee Satisfaction
March 2023 Investment Banking
-
William Blair ( ▲04 ) 99.5%
-
Canaccord Genuity ( ▲18 ) 99.1%
-
Lincoln International ( ▲09 ) 98.6%
-
Stephens Inc ( ▲10 ) 98.1%
-
Jefferies & Company ( ▲05 ) 97.7%
Professional Growth Opportunities
March 2023 Investment Banking
-
Financial Technology Partners ( ▲12 ) 99.5%
-
Lazard Freres ( ▲14 ) 99.1%
-
Lincoln International ( = = ) 98.6%
-
Jefferies & Company ( ▽03 ) 98.1%
-
William Blair ( ▲01 ) 97.7%
Total Avg Compensation
March 2023 Investment Banking
-
Director/MD (6) $592
-
Vice President (26) $422
-
Associates (140) $260
-
3rd+ Year Analyst (9) $194
-
1st Year Analyst (260) $171
-
2nd Year Analyst (84) $170
-
Intern/Summer Associate (43) $164
-
Intern/Summer Analyst (192) $92
Career Resources
Leaderboard See all
| 1 |
|
99.2 |
| 2 |
|
99.0 |
| 3 |
|
99.0 |
| 4 |
|
99.0 |
| 5 |
|
99.0 |
| 6 |
|
98.9 |
| 7 |
|
98.9 |
| 8 |
|
98.9 |
| 9 |
|
98.9 |
| 10 |
|
98.9 |
Comments ( 24 )
Bad rep has definitely diminished, esp after last year where they managed to hit top 10 M&A advisors. Most of the people shitting on Wells are prospects relying on opinions from 5 years ago, so take everything with a grain of salt.
A lot has changed given the new senior hires and development of their IB business. I'd say if you're interested in coverage, the best groups historically are Industrials, FIG , Energy, and REGAL. TMT has also picked up significantly, with very strong hires from CS and MS, and multiple deals in the billions last year. Industrials and energy have also made big hires in the last couple months from CS , Barclays , and Evercore .
Overall, it seems like a solid place to be as an analyst if you were to land one of these groups. Exits wise, you're better off being in the New York office so definitely shoot for that.
Former employee here, why is industrials considered a top group? There's several sub verticals within industrials with MDs that I was uh….not particularly impressed with.
granted they recently hired Kirk meighan from Barclays who looks like a stud.
It has a bad rep amongst prospects who don't know what they are talking about.
From what I know, it's definitely a decent place to be, and if you want to be a career banker, even better due to the WLB. As for coverage groups, FIG and REGAL are definitely top tier with TMT making some key hires and thus great upside potential. Product group wise, Levfin is very strong. Deal flow is strong from what I noticed and PE exists are varied depending on group. REGAL has great placements into REPE . FIG can pigeonhole you and that's all I know, can't really make any commends on exits. Industrials seem to have great exits (Linkedin search).
Overall bank has improved. New management actually cares about Investment Banking and sees the upside in it. Old management didn't care at all. The upside has always been there ( Bloomberg has a great article about Jamie DImon talking about the IB opportunity at WF )
I've been having a great time at Wells in the energy group. Culture is good and very laid back. trying to get moved to hudson yards though. a lot of people are in charlotte and some are in SF or midtown.
Is it the same in the Toronto office?
hmm im not sure. I dont know anyone in toronto
Isn't most of the energy group in Houston?
Coverage doesn't do any modeling. It all goes through the M&A group. M&A is a very solid group with plenty of modeling reps. I would caveat that it's much more weighted to buy side advisory as opposed to sell side . Sell side reps typically go to the best analysts/associates in the group
Exception is the Energy Group will do in-house modeling since it's all energy models with a lot of nuance.
Yeah energy ain't it
REGAL does their own M&A completely. M&A group at wells isn't too strong comparatively
That's pretty wildly wrong
FIG also does all modeling in-house
Yeah no one wants to touch the fig models. Those things are a bear
Still have balance sheet restrictions, right? Would expect them to grow stronger when those are lifted as well. Wells doesn't seem like a bad place to be. Decent WLB from what I've heard.
M&A actually doesn't do all modeling - it's very group dependent and varies based on your capacity. I know at least for TMT and industrials, the group still runs the model in a lot of cases. With that said, there are cases where the groups will hand off aspects to the model to M&A. Don't let this dissuade you at all from doing coverage if that's what you're interested in.
How can you hand off "aspects" of the model? Maybe coverage can give a synergies number but there's absolutely only one team running the model. Also how many folks in a coverage bullpen can use the model? Not saying that model is the best and greatest but if you're running a deal with teams across the bank it's the best one to use as people are most familiar with the outputs and how it functions. Especially if there's a fairness opinion
I meant *aspects including the model. My fault.
I used to be in the group, and there were plenty of times where we would put together the data room but not actually run the model.
I have a foot fetish. Especially soles and the back tendon.
what the he** are you talking about
In est eligendi reprehenderit suscipit. Culpa expedita architecto velit necessitatibus asperiores omnis. Facere omnis enim ut asperiores et alias dolorem laborum. Facilis deserunt dolorem vel et magnam sit.
Animi maiores ducimus et voluptatum. Veniam natus perferendis nulla reiciendis non ipsa consequatur. Reiciendis dolores possimus necessitatibus ex. Incidunt quo est eum autem assumenda. Sit sit nisi eum est ipsum nemo nostrum.
Officia cumque sunt iste voluptatem sed molestiae temporibus. Earum occaecati et eum nihil. Eos et iusto dicta veniam. Occaecati dolorem adipisci reprehenderit at dolor sed mollitia. Soluta modi eaque dolore ut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Maiores tempore et ipsam sunt. Quis voluptatem aut veritatis quasi magnam quas incidunt. Quod aperiam assumenda quia eum eos reiciendis. Sint maiores eveniet optio eos nulla.
Earum illum ut qui vel quidem quasi aliquid et. Soluta deserunt iste doloremque esse atque culpa optio. Cupiditate nemo culpa et. Voluptates beatae omnis soluta. Alias veritatis maiores inventore corporis laudantium. Voluptatum at est et saepe.
Placeat pariatur itaque accusantium omnis ut sed voluptatem. Ipsum quod et dolore totam ut dolore quae. Debitis velit est est.
Sed eos ab quisquam alias provident unde. Placeat voluptatem praesentium iure ut repellendus deserunt mollitia. Ea ut delectus exercitationem quas officiis illum.