Investment Banking Associates are invited to join Wells Fargo's Mid-Cap Investment Banking team, based in Chicago, Illinois and Los Angeles, California. Associates will engage in creating client coverage materials, performing industry research and screening, and handling origination and execution across the full range of investment banking products and services. Coverage primarily focuses on Industrials and Consumer & Retail, with potential involvement in Technology, Media & Telecom, Oil & Gas and other sectors depending on client needs.

What you will do

Assist in shaping regional investment banking activities aligned with the business strategy and in collaboration with relevant teams.
Support senior bankers with relationship management duties, maintaining consistent coverage of Wells Fargo Commercial Banking clients.
Prepare marketing documents, including pitch materials, confidential offering memoranda and management presentations.
Stay informed on key market developments and develop knowledge of target clients and market dynamics.
Coordinate with internal and external resources to organize client meetings and important engagements.
Perform financial analysis, including comparable transactions and public company analyses.
Build detailed financial models used for valuation purposes.
Conduct extensive financial and industry due diligence to assess risk and return parameters of transactions.
Utilize Microsoft Excel, Word and PowerPoint to present various analyses.
Manage transaction logistics, including organizing data rooms and working group lists.

Required Qualifications

2+ years of Investment Banking Program experience, or equivalent demonstrated through work experience, training, military experience or education.

Desired Qualifications

1+ year of experience across the full M&A transaction life cycle, including origination and execution.
Prior experience at a large investment banking platform and/or a leading securities firm.
Robust modeling experience related to M&A and LBO transactions.
Strong analytical and communication skills, attention to detail, and willingness to assume significant responsibility.
High level of personal motivation, strong interpersonal skills, and broad intellectual capacity.
Ability to work both independently and as part of a team while meeting tight deadlines and high quality standards.
Experience in a demanding, highly focused, collaborative team environment.
Proven team player with high ethics and integrity.
Advanced Microsoft Office skills (Outlook, Word, Excel, PowerPoint).
Bachelor's degree in a relevant field.

Job Expectations

Willingness to work on-site in line with current office requirements.
Availability to work additional hours as needed.
Registration for FINRA Series 79 must be completed within 90 days of the hire date if not available for transfer; FINRA recognized equivalents will be accepted.
Registration for FINRA Series 63 (or 66) must be completed within 90 days of the hire date if not available for transfer; FINRA recognized equivalents will be accepted.
For certain FINRA qualification exams obtained after 9/30/2018, the Securities Industry Essentials (SIE) co-requisite may also be required.
This position is subject to FINRA Background Screening Requirements, including successful completion and clearance of a background check.
Internal transfers must comply with 17 CFR 240.17f-2 of the Securities Exchange Act and FINRA Bylaws, Article III, Section 3, which prohibits statutory disqualification for Associated Persons.
Successful candidates must meet ongoing regulatory requirements including additional screening and reporting of certain incidents.
Compliance policies may apply regarding outside activities or personal investing; affected employees must provide information to the Wells Fargo Personal Account Dealing Team and adhere to policy requirements if hired. Recruitment will include information about expectations.

Location

Chicago, IL 60606 - 10 S Wacker
Los Angeles, CA 90067 - 1800 Century Park E

Salary and Pay

IL and CA: 1st year base: $175,000 - $175,000; 2nd year base: $200,000 - $200,000

Pay Range: The base pay range shown reflects the range offered for this position. Actual pay may vary based on prior performance, skills, experience or location. Incentive opportunities may also be available.

Base range: $150,000.00 - $250,000.00

Benefits

Health benefits
401(k) Plan
Paid time off
Disability benefits
Life insurance, critical illness insurance, and accident insurance
Parental leave
Critical caregiving leave
Discounts and savings
Commuter benefits
Tuition reimbursement
Scholarships for dependent children
Adoption reimbursement

Posting End Date

Posting End Date: 26 Mar 2026. Job posting may be withdrawn early due to volume of applicants.

Equal Opportunity

Wells Fargo is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic. Employees contribute to a culture that emphasizes strong customer relationships balanced with risk management and compliance, with ongoing execution of risk programs and adherence to Wells Fargo policies and procedures. This includes risk and compliance obligations, timely escalation and remediation of issues, and sound risk decisions aligned with the business unit's risk appetite.

Disability Inclusion

Applicants with disabilities may request a medical accommodation during the application or interview process by visiting Disability Inclusion at Wells Fargo.

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace. Please review the Drug and Alcohol Policy for additional details.

Recruitment and Hiring Requirements

Third-Party recordings are prohibited unless authorized by Wells Fargo.
Applicants must directly represent their own experiences during the recruitment and hiring process.

Associate, Mid Cap Coverage Investment Banking

Job Description