Wells Fargo Corporate & Investment Banking 2022 Summer Associate Program for Investment Banking
Location: San Francisco, California
Internal Number: 5593839-2
Wells Fargo Corporate & Investment Banking (“CIB”) 2022 Summer Associate Program for Investment Banking
**Due to a high volume of inquiries and multiple hiring managers for these roles, please do not contact the hiring manager listed. Any inquiries sent to the hiring manager listed will not receive a response **
Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message. In order to receive text message invitations, your profile must include a mobile phone number designated as “Personal Cell” or “Cellular” in the contact information of your application.
At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired.
Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.
When you start your career with Wells Fargo Corporate & Investment Banking, you’re joining a team that is committed to your development now and over time. We are also deeply committed to the communities we serve, and to creating an environment where each team member’s unique skills, experience, and backgrounds are embraced. We pride ourselves on being ranked the 11th Best Company for Diversity and the Top Company for LGBT employees by Diversity Inc. We are also ranked the #1 Company for People with Disabilities by the National Organization on Disability and the #2 Company for Philanthropy by Diversity Inc.
Corporate & Investment Banking delivers a comprehensive suite of capital markets, banking, and financial products and services. A trusted partner to our clients, we provide corporate and transactional banking; commercial real estate lending and servicing; investment banking; equity; and fixed income solutions including sales, trading, and research capabilities to corporate, commercial real estate, government, and institutional clients across the globe.
Summer Program The Summer Associate Program provides an in-depth understanding of the day-to-day responsibilities of a full-time investment banker. The duration of the summer program is approximately ten weeks. Summer associates receive a comprehensive professional and educational experience through on-the-job learning and practice by joining a business group and working alongside team members who are experts in their fields. In addition, the program offers organized activities that allow participants to receive analytical training, meet senior executives, network with other summer associates across business lines, and form lasting friendships.
Opportunities The Summer Associate Program is non-rotational and provides the opportunity to gain exposure and experience working for one of the most well regarded financial institutions in the world; learn about our business and the many careers and professional development opportunities; expand personal and professional networks; incorporate knowledge gained in school while learning new skills and interview for future career opportunities at Wells Fargo. Summer associate opportunities are available in Charlotte, New York, San Francisco, with limited opportunities in Houston, Los Angeles and Washington, D.C. within one of the following industry or product groups. Group placement and location are based upon business needs and are subject to change.
Industry Coverage Provides a full range of investment banking and advisory services to clients in the following industries:
Consumer & Retail
Energy & Power
Real Estate, Gaming, Lodging and Leisure (REGAL)
Technology, Media & Telecommunications
Leveraged Finance Originates, structures, underwrites, and syndicates various debt (including high yield) to corporate and financial sponsor clients. Provides financing solutions tailored to corporate and financial sponsor clients to support acquisition financing, growth financing, recapitalizations and/or refinancing transactions.
Mergers and Acquisitions Works in partnership with industry and specialty coverage groups to assist domestic and multinational corporate clients, both public and private, in achieving their strategic and financial objectives. Various aspects of the advisory process include acquisitions, corporate defense assignments, divestitures, exchange offers, joint ventures, leveraged buyouts, mergers, restructurings and spin-offs.
Global Institutional Client Group Global Institutional Client Group - The Global Institutional Client Group (GICG) is responsible for developing and maintaining strong relationships with the largest and most sophisticated institutional investors around the world. GICG introduces and delivers the Corporate and Investment Banking (CIB) product suite to these key clients by partnering with broader Wholesale teams in Corporate Banking (CBG), Financial Institutions Group (FIG), Commercial Capital, Middle Market Banking (MMB) and Government & Institutional Banking (GIB). GICG client segments include Asset Managers, Hedge Funds, Family Offices, U.S. Pensions and Endowments, WIM, and Strategic Investment Firms (International Pensions, Sovereign Wealth Funds, Superannuation Funds and Financial Sponsors).
Middle Market IB Provides investment banking coverage across multiple industries to middle-market clients (public and private companies with approximately $200m to $2Bn in revenue). Middle Market IB provides a broad mix of coverage and execution opportunities, including private company sellside execution and debt and equity capital markets experience.
Full-time Associate Opportunities Based on outstanding performance, summer associates may receive an offer to join the Investment Banking Associate Program upon receiving an MBA. Prior to joining a business unit on a full-time basis, associates participate in a seven week, comprehensive training program in Charlotte. The training brings together all the associates from various lines of business and includes classroom instruction in financial accounting, credit analysis, products, structuring, corporate valuation and financial modeling, as well as preparation for the Securities Industry Essential (SIE), the Series 79 Top Off and the Series 63 license exams Wells Fargo professionals and consultants with special expertise in their fields equip associates with the skills, knowledge and tools to make an immediate contribution to their team. Associates will also receive on-the-job coaching, mentoring, and feedback throughout their tenure.
Responsibilities As active team members in a focused industry or product group, associates help orchestrate capital raising and strategic advisory transactions. Associates assume significant responsibility that may include:
Developing and maintaining models to depict projected financial results and to value companies
Supporting various financial analyses, including valuations and merger consequences
Performing comprehensive and in-depth company and industry research
Preparing presentations and other materials for clients
Conducting research, participating in strategic planning and assisting in the execution of advisory services
Participating in client meetings, due diligence visits, and other client interactions to gain exposure to key executives and senior bankers
Developing and mentoring junior talent
Wells Fargo will only consider candidates who are presently authorized to work for any employer in the United States and who will not require work visa sponsorship from Wells Fargo now or in the future in order to retain their authorization to work in the United States.
Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit’s risk appetite and all risk and compliance program requirements.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Wells Fargo Corporate & Investment Banking is the trade name for the corporate banking, capital markets and investment banking services of Wells Fargo & Co. and its subsidiaries, including but not limited to Wells Fargo Securities, LLC, member of NYSE, FINRA, NFA and SIPC, Wells Fargo Prime Services, LLC, member of FINRA, NFA and SIPC, and Wells Fargo Bank, N.A. Wells Fargo Securities, LLC and Wells Fargo Prime Services, LLC, are distinct entities from affiliated banks and thrifts.
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,400 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 32 countries and territories to support customers who conduct business in the global economy. With approximately 260,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2019 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
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