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Undergraduate Internships: Wells Fargo Securities

Program Description


Wells Fargo Securities consists of nearly 4,500 team members including more than 1,000 dedicated support team members, 40+ offices across the US, Europe and Asia focused on middle market and large corporations, and global institutional investors. Wells Fargo Securities brings together the company's market-leading businesses in debt and equity underwriting, mergers and acquisitions, loan syndications, debt and equity sales and trading, tax-exempt products, research and economics, and hedging products relating to equity, commodities and interest rate risks. Our customer-driven model is focused on delivering capital markets solutions to long standing customer relationships in middle market, large corporate, institutional, commercial real estate, municipal and internal Wells Fargo client segments.

Summer Analyst Program


The Summer Analyst 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. Depending on the business group, the duration of the program is approximately 8–10 weeks. The Summer Analyst Program offers students two tracks: Investment Banking and Sales and Trading. Summer Analyst opportunities are primarily available in Charlotte, New York and San Francisco and may also be available in Chicago, Houston, Los Angeles and St. Louis.

Investment Banking & Capital Markets


Organized by industry sector, the Investment Banking and Capital Markets team is dedicated to understanding the unique competitive and operating environments of our clients. The group combines strong relationships and industry knowledge with superior capital markets and advisory capabilities that includes debt and equity underwriting, mergers and acquisitions, and loan syndications. The team maintains active relationships with a broad universe of middle market, large corporate, government, nonprofit, financial sponsor and institutional clients, and is highly experienced in delivering exceptional execution. You may be placed in one of the following businesses:

Corporate Finance
Provides a full range of investment banking and advisory services to clients in the following industries:
  • Consumer, Healthcare and Gaming
  • Energy and Power
  • Financial Institutions
  • Industrials
  • Technology, Media and Telecommunications

Equity Capital Markets

Partners with Equity Origination, Equity Syndicate and the Special Equities Desk to originate, structure and execute equity and equity-linked financing solutions for corporate and financial sponsor clients.

Financial Sponsors
Originates leveraged finance, mergers/acquisitions, and equity transactions.

High Grade Debt Capital Markets
Originates, structures, and syndicates various high grade debt and quasi-equity securities for corporate clients. Provides financing solutions tailored to corporate clients to support acquisition financing, growth financing, recapitalizations and/or refinancing transactions.

Loan Syndications & High Yield Debt Capital Markets
Originates, structures, underwrites, and executes loan syndication and high yield transactions for 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 / Advisory
Assists middle market and large corporate clients in achieving their strategic and financial objectives in partnership with industry and specialty coverage groups. Services include sell side advisory, buy side advisory, strategic financial advisory, fairness opinions, takeover defense, and private equity placements.

Middle Market Group
Provides investment banking coverage to select middle-market clients and emerging growth companies in Wells Fargo's core commercial and retail geographic footprint. The group advises middle market financial sponsors and has dedicated merger and acquisition execution capabilities.

Sales and Trading


The sales, trading, origination and research teams deliver a comprehensive set of capital market products and solutions to the broader Wells Fargo customer base, ranging from distribution of public debt and equity products to hedging interest rates, commodity and equity risks.

Asset Backed Finance
Provides structured lending and securitization services to core clients across all asset-types including: consumer assets, corporate loans, residential mortgages, commercial mortgages, and corporate operating assets.

Markets Division

Fixed Income Sales and Trading
Distributes and trades securities to support issuing clients who are raising debt in the capital markets, investing clients who are sourcing bonds for investment needs, and clients with needs to hedge interest rate, commodity price, and equity price risks in their businesses through the use of derivatives.

Interest Rate Risk Management
Helps companies analyze and manae financial risk resulting from changes, and clients with needs to hedge interest rates and commodity prices.

Equity Sales and Trading
Provides sales and trading for clients who are raising equity and convertibles in the capital markets as well as investors looking to secure equities for their investment needs.

Commoditites
Offers a variety of customized derivative and physical solutions to help companies manage their exposure to commodity markets, primarily in energy, metals and agriculture.

Principle Investing Group
Originates and holds an investment portfolio of credit sensitive or structured securities and financings.

Research and Economics
Provides support to sales, trading, and origination teams by adding value to both fixed income and equity investors through publishing, idea generation, and calling efforts.

Government & Institutional Banking

Municipal Sales & Trading
An active market-maker and liquidity provider for tax-exempt and taxable municipals. Dedicated sales specialists focused on selling municipal products to top-tier institutional municipal buyers nationwide.

Public Finance Investment Banking
A fully developed investment banking platform that provides capital raising solutions for government, education, tax-exempt and nonprofit healthcare issuer clients. Clients are covered by geographic and industry specific investment Banking teams.

Training


The Summer Analyst Program is designed to provide undergraduate students an in-depth understanding of the day-to-day responsibilities of a full-time team member. Summer analysts receive a comprehensive professional and educational experience through on-the-job training 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 summer analysts to receive analytical training, meet senior executives, and network with other participants across business lines.

Responsibilities


Analysts assume significant responsibility that may include:
  • Developing and maintaining models to depict projected financial results and to value companies
  • Working closely with senior bankers on presentations, financial and credit analysis, and the preparation of financial projections and models
  • 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
  • Participating in client meetings, due diligence visits, and other client interactions to gain exposure to key executives and senior bankers
  • Structuring customized investment strategies using conventional cash and derivative products for institutional investors
  • Observing the execution and booking of trades
  • Using risk-management tools to monitor trading positions and manage risk
  • Interacting with operations, documentation, and systems support groups
  • Providing analytical support to senior traders and product specialists
  • Generating daily P&L and risk management reports
  • Generating client presentation materials

Qualifications


Analysts must demonstrate a combination of academic aptitude, quantitative skills, personal motivation, distinguished written and verbal communication and presentation skills, excellence in working effectively as an individual and as part of a team, and an ability to manage multiple projects and deadlines simultaneously. It is preferred that your background includes:
  • Coursework in financial accounting, corporate finance, mathematics, computer science, or engineering
  • Dedication to building a career in the financial services industry
  • Proven ability to take on significant responsibility
  • Willingness to work long hours in a demanding, highly focused, collaborative, and team environment
  • Energetic self-starter who is flexible, organized, conscientious, proactive, and detail-oriented
  • An individual who demonstrates a sense of personal accountability and urgency for achieving results
  • A graduation date of December 2014- May 2015

Full-time analyst opportunities


Based on outstanding performance, summer analysts may receive an offer to join a business within Wells Fargo Securities upon receiving their college degree. Prior to starting in an office, analysts participate in a comprehensive training program in Charlotte. The training brings together all the analysts from various lines of business and includes classroom instruction in financial accounting, cash flow, credit analysis, financial modeling, and valuation.

Wells Fargo will not sponsor visas for these positions, and will not hire individuals whose work eligibility is based on their F-1 or other student visa status. Candidates must be authorized to work in the United States on a permanent basis.

More Information


 
Relevant military experience is considered for veterans and transitioning service men and women.
Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran.
EEO is the Law