There was a phone call and office visit. A couple hours in total. They won't take you to lunch or anything. PM's aren't the best interviewers either. Offer made over a week after the interview. They weren't tough on me. The memo template and adhering to its format was critical. They were more concerned with completing it their way, especially the financial statement model. I met with a couple of analysts who were really nice and basically admitted they have no input in the hiring process. There were two others, pm's and another manager.

I applied and heard back about a month later. There are 2-3 rounds of phone screens and 1 short super day (about 3-4 hours, no lunch). I interviewed with the Premier Fixed Income team and have to say the process itself was handled extremely poorly. Wells Capital does not work with Wells Fargo HR, so all Wells Capital teams handle the hiring process within the team, unfortunately this made things very unorganized. Usually you are given a list of your interviewers for any super-day, I was given no such list. Nor did they even have a sense of who was coming to speak to me throughout the whole day. No one seemed to know the actual job description or what you would actually be doing to support the team. Despite being told I did very well and one of there top 2 choices, they never contacted me with there decision, nor did they respond to a follow-up email. Completely unprofessional and Wells Fargo needs to address this. Despite what the job description say on the website, The team confirmed that this is NOT a formal analyst training program and there are no rotations to broaden experience. Pretty much a "do whatever we need you to do" entry level position. They expect you to be there for 2 years and move on to an MBA or another position You interview with the two subdivisions of the team, corporate and structured finance, which are polar opposites. The corporate side, is pleasant and easy to talk to, with a good mix of technical questions to gage your knowledge and interest in finance. They want someone with a good sense of fixed income but clearly interested in the markets. The structured finance side showed very little social skills and will to interact. They had very few questions and appeared unprepared. The few questions they did ask were about your experience with VBA programming. They also give you a scenario and ask you what your investment recommendation would be based on the scenario and why. Usually interviewed in groups of 2 and there were about 7 interviews sessions. If you have a good interest and understanding of various markets then things will go mostly smoothly. Many of the other applicants were candidate with 6 mos to a year of direct experience and they tend to lean heavily towards experience. If you are right out of college, you have to really do a solid job of impressing them with your market knowledge and have some really strong internships to put you in the running. I just did not have enough internships.