Wells Fargo 2028 superday guide

For
2028 summer analysts
Sources
12 cited

Invited to a Wells Fargo superday? Here is what comes before it, how the 2-on-1 rounds run, how technical they get, the questions interviewers have asked and how fast offers come.

A student in a navy suit at a small table in a sunlit corner meeting room with a potted fig tree, facing two interviewers seen from behind, a printed resume and a glass of water on the table, low rooftops and bare trees through the wide window.
Wells Fargo superday rounds often run 2-on-1, pairing a managing director with an associate or VP.

Key facts

  • Before it: The On-Demand Screen (HireVue) usually comes first. For summer 2027 many applicants went straight from it to the superday; other processes have added a first round, such as a 2-on-1 with associates in Charlotte or a virtual round with the campus recruiting team in New York.6,7,9
  • Interviews: Three 30-minute interviews on Zoom in New York (Jan 2026, summer 2027) and three rounds in a March 2026 process (summer 2027); two rounds with two interviewers each in New York (Mar 2025, summer 2026).8,10,9
  • Who you meet: In Charlotte (Apr 2025, summer 2026), each round was a 2-on-1 with a managing director and an associate or VP. Wells Fargo says its interviews vary by business group and may be by phone, in a group or 1:1.7,1
  • How technical: Two of three New York interviews were very technical (Jan 2026, summer 2027), and another New York superday was standard valuation questions (Mar 2025, summer 2026). Charlotte went deep on LBOs and DCFs, then turned conversational.8,9,7,11
  • Format: For summer 2027, superdays ran from late January 2026 into March, with candidates either flown out or interviewed virtually; one New York superday in January 2026 was on Zoom.6,8
  • Hearing back: For summer 2027, New York offers came by phone on the day of the superday. Elsewhere it took days: one Los Angeles superday was told to expect about a week.6

Wells Fargo's Corporate & Investment Banking group looks for analytical thinkers with strong attention to detail, creative ideas, excellent communication and people who succeed in fast-paced, collaborative teams. Expect the superday to test each one.2

What the Wells Fargo superday looks like

  1. What comes first

    Most investment banking processes start with the On-Demand Screen. For summer 2027 many applicants went straight from it to the superday, in waves by school; other processes have had a first round first, such as a 2-on-1 with associates mixing behavioral and technical questions (Charlotte, Apr 2025, summer 2026) or a virtual round with the campus recruiting team and simple accounting (New York, Mar 2025, summer 2026).6,7,9

  2. The invite

    Superday invites go out in waves, school by school, in the order the video invites went out. For summer 2027, the first superdays ran in late January 2026, more followed in mid-February, and some ran into March. You were either flown out or interviewed virtually.6

  3. The rounds

    Expect two or three interviews, often with two interviewers at once. In Charlotte (Apr 2025, summer 2026) the rounds ran back to back, each pairing a managing director with an associate or VP; in New York (Jan 2026, summer 2027) the three rounds were 30 minutes each on Zoom, two very technical and one a relaxed conversation.7,8,9,10

  4. What they ask

    Most technicals are standard guide questions: walk through a DCF and the three statements, levered vs unlevered DCF, LBOs and leverage. Some go further: whether an accretive deal can still be bad, or how EBITDA can be negative while free cash flow is positive. In a Fed meeting week, expect harder macro questions.11

  5. What the job asks for

    Summer analysts in a coverage or product group build models to project results and value companies, prepare client presentations, research companies and industries, and support due diligence. Tie your answers to that work.3

The rounds, by office

Investment Banking, New York (Jan 2026, summer 2027) 3 x 30 min, Zoom
HireVue, then the superday: two very technical interviews and one relaxed conversation. The whole process took under a month.
Investment Banking, New York (Mar 2025, summer 2026) R1, then 2 rounds
Virtual first round with the campus recruiting team; superday of two rounds with two interviewers each.
Investment Banking, Charlotte (Apr 2025, summer 2026) R1, then 2-on-1s
First round 2-on-1 with associates; superday of back-to-back 2-on-1s with an MD and an associate or VP.
Investment Banking, office not given (Stanford applicant, Mar 2026, summer 2027) 3 rounds
Technical, then mixed, then mostly behavioral.

Each row is one office's process, with the month it ran. The shape changes by office and by year, so ask your recruiter how many rounds to expect.7,8,9,10

Before your superday

  • Every line of your resume, told without looking at it, including any stock your investment club holds.
  • A DCF, levered and unlevered, and the three statements, walked through in under two minutes each.
  • A paper LBO and a view on how much leverage a business can carry.
  • Accretion and dilution, and why an accretive deal can still be a bad one.
  • One stock pitch and one recent deal in the group you want, each with a number you can defend.
  • The week's macro news: rates, the Fed and what they mean for deal activity.
  • A reason for Wells Fargo and for your group and city that matches your application.
  • Specific questions for each interviewer, written down beforehand.

The questions

Wells Fargo says its interviews vary by business group. At the investment banking superday, technical rounds dominate, with one round that is mostly behavioral or conversational.1,8,10

  • Technical: DCF, levered vs unlevered, three statements, LBOs, leverage and accretion.
  • Markets and ideas: A stock pitch, especially if your resume lists an investment club; macro in a Fed week.
  • Behavioral: Teamwork and conflict stories told in STAR form.
  • Fit and motivation: Why Wells Fargo, why this group, why this city.

Which division question you get

Investment Banking, New York
Jan 2026 (summer 2027): three 30-minute interviews on Zoom, two very technical; standard guide questions plus hard macro in a Fed meeting week. Accretive but bad deal.8,11
Investment Banking, New York
Mar 2025 (summer 2026): two superday rounds with two interviewers each, all standard valuation questions; walk through a DCF, how much leverage is too much, the three statements.9,11
Investment Banking, Charlotte (Generalist)
Apr 2025 (summer 2026): back-to-back 2-on-1s with an MD and an associate or VP. LBOs in depth, levered vs unlevered DCF, and an unexpected stock pitch.7,11
Investment Banking, office not given (Stanford applicant)
Mar 2026 (summer 2027): three rounds, one mainly technical, one mixed and one mostly behavioral. Negative EBITDA with positive free cash flow.10,11
Commercial Banking, New York
Oct 2024 (summer 2025): a HireVue a few weeks after applying, then a final round with one VP, all behavioral: why Wells Fargo, why commercial banking. Offer two weeks later.11
MarketsBest guess
Expect the markets questions from the HackerRank test to come back live: probability, the yield curve and a simple trade idea.

The Markets line is our best guess from the HackerRank test Markets applicants have had before the superday.

Using Wells Fargo's values in your answers

Wells Fargo's Corporate & Investment Banking early careers page names four things it looks for in analysts.2

Analytical thinkers

“Are analytical thinkers, with strong attention to detail”2

Technical rounds. Show your steps out loud and check your numbers before you give them.

Creative ideas

“Bring creative, innovative ideas to solving problems”2

The stock pitch and any "what would you do" question. Have a view of your own.

Communication

“Have excellent communications and interpersonal skills”2

The conversational round. Short answers, then let the interviewer steer.

Teamwork at pace

“Succeed in collaborative, fast-paced, and change-driven environments”2

Teamwork and conflict stories, with a deadline in them.

The quotes are Wells Fargo's own. Matching them to questions is Intervyo's advice: let one trait carry each story rather than reciting the list.

Example questions and how to answer them

Technical"Can an acquisition be accretive to earnings but still be a bad deal?"11
  1. 1Say yes, and define accretion: the buyer's EPS goes up after the deal.
  2. 2Explain why EPS can rise for the wrong reasons: cheap debt financing, or buying a company with a lower P/E.
  3. 3Name what EPS misses: overpaying against the target's value, too much leverage, no real synergies.
  4. 4Close on the better test: return on invested capital against the cost of capital.

Tip: The hardest question in a New York superday in January 2026. Answer yes in the first sentence, then give two reasons.

Example answer, written by Intervyo (not a real candidate)

Written by Intervyo as an example. Yes. Accretion only means the buyer's earnings per share rise. That can happen just because the deal is paid for with cheap debt, or because the buyer has a higher P/E than the target, so earnings are bought cheaply in accounting terms. But the deal can still destroy value if the buyer overpays relative to what the target is worth, takes on more leverage than the combined business can carry, or counts on synergies that never come. A better test is whether the return on the capital invested beats the cost of that capital.

Technical"How can a company have negative EBITDA but positive free cash flow?"11
  1. 1Start from the bridge: free cash flow is EBITDA less taxes, capital expenditure and the change in working capital.
  2. 2Working capital: collecting receivables or stretching payables releases cash.
  3. 3Other items: cash from customers paid up front (deferred revenue), or a tax refund.
  4. 4Note capex: it would have to be tiny, since it only reduces free cash flow.

Tip: Asked in a March 2026 superday. Name working capital first; it is the answer they want.

Example answer, written by Intervyo (not a real candidate)

Written by Intervyo as an example. Free cash flow starts from operating profit and then adjusts for taxes, capital spending and working capital. If EBITDA is negative, the company can still bring in cash if working capital releases it: it collects old receivables, runs down inventory, or pays suppliers more slowly. Customers paying up front, like annual subscriptions booked as deferred revenue, do the same. A tax refund can help too. Capital spending only pulls the other way, so it would need to be very small.

Technical"What is the difference between a levered and an unlevered DCF?"11
  1. 1Unlevered: cash flow before interest, to all capital providers, discounted at WACC, giving enterprise value.
  2. 2Levered: cash flow after interest and debt repayments, to equity only, discounted at the cost of equity, giving equity value.
  3. 3Say which bankers use more: unlevered, because it separates the business from how it is financed.
  4. 4Note when levered fits: banks, or where the capital structure is set and stable.

Tip: Asked in a Charlotte superday that went deep on LBOs and DCFs. Expect a follow-up on why WACC changes with leverage.

Example answer, written by Intervyo (not a real candidate)

Written by Intervyo as an example. An unlevered DCF uses free cash flow before any interest, so it belongs to all capital providers. You discount it at the WACC and get enterprise value, then subtract net debt to reach equity value. A levered DCF uses cash flow after interest and debt repayments, so it belongs only to shareholders; you discount it at the cost of equity and get equity value directly. Bankers mostly use unlevered, because it values the business separately from its financing. Levered can make more sense for a bank, or where the debt schedule is fixed.

Technical"How much leverage is too much leverage?"11
  1. 1Say it depends on the cash flow, not a single number.
  2. 2Give the measures: debt to EBITDA, interest coverage, fixed charge coverage.
  3. 3Give the drivers: how stable and cyclical the business is, its capex needs, its asset base.
  4. 4End with the test: can it pay interest and fund capex in a downturn, and refinance when debt is due?

Tip: Asked in a New York superday in March 2025, beside a DCF and the three statements. A range for a stable business shows judgment.

Example answer, written by Intervyo (not a real candidate)

Written by Intervyo as an example. There is no single number; it depends on how much reliable cash the business throws off. I would look at debt to EBITDA and at interest coverage. A stable, low-capex business like a utility or a software company with recurring revenue can carry more, maybe five or six times EBITDA, while a cyclical manufacturer might be stretched at three. The real test is whether it can still pay its interest and fund its capex in a bad year, and refinance when the debt comes due.

Markets and ideas"Pitch me a stock."11
  1. 1Name the company, your call and a price target or upside.
  2. 2Give two reasons the market is missing.
  3. 3Back it with a valuation: a multiple against peers.
  4. 4Name the main risk and what would change your mind.

Tip: Asked without warning in a Charlotte superday because the resume listed an investment club. Have one pitch ready for any stock on your resume.

Fit and motivation"Why Wells Fargo?"5,11,3
  1. 1Start with the work you want: the group and the clients it covers.
  2. 2Give one reason that is Wells Fargo's: a group, a deal, a banker you spoke with.
  3. 3Link it to something you have already done.
  4. 4Close on why this city and this group.

Tip: Asked in the video interview and again in final rounds, including a Commercial Banking final round in New York. Keep it consistent with the video.

Example answer, written by Intervyo (not a real candidate)

Written by Intervyo as an example. I want to work on energy and power deals, and Wells Fargo's Houston team is aligned to that coverage, so I would be on the deals I have been reading about since my internship at a regional utility. When I spoke with an analyst in the group, what stood out was how early summer analysts get onto live transactions, alongside training in the fundamentals. I like that it pairs the balance sheet of a big bank with an advisory team, and I want to start my career where I can see both.

More Wells Fargo superday questions

Technical

  • “Walk me through a DCF.”11

    Investment Banking, New York, Mar 2025 (summer 2026)

  • “Walk me through the three statements.”11

    Investment Banking, New York, Mar 2025 (summer 2026)

  • “LBO questions, in depth.”11

    Charlotte, Apr 2025 (summer 2026); a topic, not exact wording

  • “Technical questions about valuation methodologies.”11

    Summer Associate, Charlotte, Oct 2026 (summer 2027); the MBA track

Markets and ideas

  • “Hard macro questions in the week of a Fed meeting.”11

    Investment Banking, New York, Jan 2026 (summer 2027); a topic

  • “General market questions, such as the yield curve.”5

    Markets HackerRank topic (summer 2026 cycle); a topic, not exact wording

Behavioral

  • “Tell me about a time you were faced with conflict in the workplace.”11

    Corporate Banking video interview, Dallas, Oct 2025 (summer 2026)

  • “Tell me about a time you communicated creatively.”11

    Corporate Finance intern, Irving, Oct 2025 (summer 2026)

Fit and motivation

  • “Why commercial banking?”11

    Commercial Banking, New York, Oct 2024 (summer 2025)

  • “Why this city, and why this group?”

    Best guess

    Our expectation from the office choice Wells Fargo asks for before the video interview

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How long to hear back after the superday

Superdays and offers go out in waves. For summer 2027, video invites went out from Jan 5, 2026, the first superdays ran by Jan 23, and New York offers came the same day.6

  1. Feb 2025 (summer 2026)

    Investment banking, US

    First-round invites followed the video interview from about Feb 10, 2025, and superday invites from about Feb 20. One video invite had set the first interview cycle deadline as Jan 26, with the next cycle not until April.5

  2. Mar 2025 (summer 2026)

    Investment banking, New York

    Video interview, virtual first round, then a superday of two rounds; the process took one to two months and ended in an offer.9

  3. Apr 2025 (summer 2026)

    Investment banking, Charlotte (Generalist)

    Video interview, a 2-on-1 first round and a superday of 2-on-1s; one to two months from start to offer.7

  4. Jan 2026 (summer 2027)

    Investment banking, New York

    Video interview, then a superday of three 30-minute interviews on Zoom, with an offer in less than a month.8

  5. Jan to Feb 2026 (summer 2027)

    Investment banking, US

    Two applicants had offers by phone after a superday on Friday, Jan 23, and a New York applicant had an offer the same day on Jan 30. More superdays followed in mid-February, with some into March.6

  6. Mar 2026 (summer 2027)

    Investment banking, Stanford applicant

    A three-round superday, in a process of less than a month.10

In summer 2027 recruiting, group placement in Mid-Cap (Charlotte and New York) came after a general offer.6

Best guessExpect to hear within a day or two of the superday. If a week passes, send your recruiter one short, polite note; a later wave can still come.

What happens after the superday

  1. Online application

    Resume, school details and application questions on wellsfargojobs.com; Corporate & Investment Banking summer 2028 opens in January 2027.4

  2. On-Demand Screen (HireVue)

    Done. A recorded video interview of mostly behavioral questions, with at most one deal question.12,5

  3. HackerRank test (Markets)

    Markets applicants only: probability, market and basic trading questions after the video interview.5

  4. First round (some candidates)

    A 2-on-1 with associates or a virtual round with campus recruiting; many summer 2027 applicants skipped it.7,9,6

  5. SuperdayYou are here

    This page. Two or three interviews, often 2-on-1, mostly technical.7,8,9

  6. Offer

    By phone, often the same day in New York; group placement in Mid-Cap has followed a general offer.6

First round vs superday

Not every candidate has a first round. Where there is one, it is shorter and lighter on technicals than the superday.

Format

First round

A 2-on-1 with associates (Charlotte) or a virtual round with the campus recruiting team (New York).7,9

Superday

Two or three interviews, often 2-on-1: back to back in Charlotte, 30 minutes each in New York, in person or on Zoom.7,8,9,6

How technical

First round

A mix of standard behavioral questions and simple accounting technicals.7,9

Superday

Very technical: standard valuation, LBOs, DCFs, with one more conversational round.7,8,9

Who

First round

Associates, or the campus recruiting team.7,9

Superday

A managing director with an associate or VP in each round (Charlotte).7

What comes next

First round

A superday invite, sent in waves.6,7

Superday

An offer, by phone the same day in New York (Jan to Feb 2026, summer 2027), or a wait of days elsewhere.6

FAQ

How many interviews are in a Wells Fargo superday?

Two or three. New York ran three 30-minute interviews on Zoom in January 2026 and two rounds with two interviewers each in March 2025; a March 2026 superday also had three.8,9,10

Is there a first round before the Wells Fargo superday?

Sometimes. For summer 2027, many applicants went straight from the video interview to the superday. Other processes have had a first round, a 2-on-1 with associates in Charlotte or a virtual round with the campus recruiting team in New York.6,7,9

How technical is the Wells Fargo superday?

Mostly technical. Expect standard guide questions on DCFs, the three statements, LBOs and leverage, with harder ones on accretion and cash flow. Usually one round is more behavioral or conversational.7,8,9,10,11

Is the Wells Fargo superday virtual or in person?

Either. For summer 2027, candidates were flown out or interviewed virtually, and a New York superday in January 2026 was on Zoom. Ask your recruiter when the invite comes.6,8

When do you hear back after a Wells Fargo superday?

Often the same day in New York. For summer 2027, New York offers came by phone on the day of the superday; one Los Angeles superday was told to expect about a week.6

What does Wells Fargo look for in a superday?

Its Corporate & Investment Banking page asks for analytical thinkers with strong attention to detail, creative ideas, excellent communication and people who succeed in fast-paced teams. The technical rounds test the first; the conversational round and your stories test the rest.2,8

Do Wells Fargo Markets candidates take a test before the superday?

Yes, Markets applicants in the summer 2026 cycle had a HackerRank test after the video interview, with probability questions, general market questions such as the yield curve, and basic trading.5

Superday at other firms

Sources

Firm pages first, then dated candidate reports. Last checked Nov 4, 2026.

  1. 1Wells Fargo: Our Hiring Process
  2. 2Wells Fargo: Corporate & Investment Banking (Early Careers)
  3. 3Wells Fargo (job site): 2028 Investment Banking Summer Internship - Early Careers (Houston)
  4. 4Wells Fargo: Application Process (Early Careers)
  5. 5Candidate report on a public forum: Wells Fargo 2026 SA HireVue (IB) (from Jan 2025)
  6. 6Candidate discussion on a public forum: Wells Fargo SA27 (from Jan 2026)
  7. 7Candidate report on a public forum: Investment Banking Summer Analyst interview, Generalist, Charlotte (Apr 2025)
  8. 8Candidate report on a public forum: Intern interview, New York (Jan 2026)
  9. 9Candidate report on a public forum: Summer Analyst interview, Investment Banking, New York (Mar 2025)
  10. 10Candidate report on a public forum: Investment Banking Internship interview, Stanford (Mar 2026)
  11. 11Candidate reports on a public forum: Wells Fargo and Company Interview Questions (2026)
  12. 12Candidate report on a public forum: Investment Banking Summer Analyst interview, New York (Jan 2026)

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