With the opening of Wells Fargo’s 2023 and 2024 investment banking internship recruitment, many international students are very concerned about it. As one of the top commercial banks in the United States, Wells Fargo not only has a good salary and benefits for interns, but also has a very high probability of getting a return offer. In addition, the interview difficulty for the 2023 internship has been significantly reduced compared to previous years. It can be said that applying for Wells Fargo’s investment banking internship in 2023 and 2024 is a good opportunity for international students.
Wells Fargo investment banking internship offers a salary of $55/hour, much higher than Wall Street firms
According to reports, Wells Fargo offers an intern salary of $55/hour for 2023 summer interns, which is much higher than major investment banks on Wall Street. For example, Goldman Sachs only offers $25/hour for interns. In addition to high salaries, Wells Fargo also provides interns with very good treatment, including free three meals, welcome kits with computers and backpacks, etc. The internship experience is simply ceiling-level.
Wells Fargo investment banking internship in 2023 has reduced difficulty in interviews
According to feedback from students who have received offers, the interviews for Wells Fargo’s 2023 summer internships have been significantly easier than in previous years. There was only 1 round of phone interview and 1 round of on-site interview. Mathematical and numerical basic skills were tested in technical questions, while behavioral questions were more difficult. As long as candidates prepare for the high-frequency questions in the interview guide provided by Wells Fargo, they can successfully pass the interviews.
Application for Wells Fargo 2024 investment banking internship opens in June 2023
Wells Fargo has opened applications for 2024 internship and graduate positions in June 2023. It mainly faces Masters and PhD students, while applications for 2024 summer interns for undergraduates are expected to open in July. International students who want to apply for 2024 investment banking internships should prepare resumes and other materials as soon as possible to apply at the beginning of the opening.
Wells Fargo investment banking full-time positions require rich experience, and internships provide sponsorship opportunities
For 2023 full-time positions, Wells Fargo currently only provides sponsorship for PhDs and Masters students with related work experience. Therefore, it is not recommended that undergraduates apply for full-time positions. However, the internships still provide sponsorship opportunities. By accumulating internship experience and obtaining return offers, it is easier for international students to obtain sponsorship ultimately.
In summary, Wells Fargo’s 2023 and 2024 investment banking internships provide good salary and benefits, as well as easier interviews. By obtaining return offers through internships, international students have great opportunities to obtain sponsorship. It is worth starting preparations now.