Financial institutions are an excellent career choice full of employment opportunities available to individuals of all education and experience levels. The financial sector is continuously expanding as an increasing number of people open bank accounts, credit cards, or apply for mortgage loans. Among the more reputable institutions is Wells Fargo, an American-based multinational bank that offers banking services, mortgage loans, credit cards, and investing opportunities, on both personal and business levels. Wells Fargo is the world’s 4th largest banking institution and is one of the top employers in the financial sector. Their extensive benefits package, including 401(k) plan, health benefits, and various reimbursement opportunities are a cherry on top of their competitive salary, making Wells Fargo an attractive opportunity to many job seekers.
Because Wells Fargo is such a desired place of employment, its recruitment process is incredibly complex and involves multiple stages that filter participants to hire the ideal candidates. To increase your odds of being selected for a position with Wells Fargo, you must first familiarize yourself and prepare for the application and interview process.
What Does the Wells Fargo Hiring Process Look Like?
The initial step of any job hiring process is searching for open positions that best fit your skillset and submitting an application. Wells Fargo Careers Website lists all of the available positions currently hiring and the locations that the position is available. The job opportunities are various, ranging from local branch bank tellers, to financial analysts, and even positions in corporate operations.
To find the position that best fits your interests and expertise, Wells Fargo recruiters suggest creating a profile on the job seeker database. This allows you to save jobs and searches, update your information, and apply for positions. Recruiters will also be able to find your resume when they have open positions. By creating a saved search with your criteria, you will receive alerts when positions that fit them are available via email.
Once you find a position that fits your criteria, whether it is through the online job portal or a hiring event hosted near you, the next step is to fill out a job application. This is a standard process that typically involves filling out personal information, submitting your resume, and attaching a cover letter explaining why you are interested in that role and how you could be an asset to the company. Once submitted, you will receive a confirmation email from Wells Fargo and a recruiter will review your profile and resume to determine if your skill set matches their hiring needs. If you are determined to be a potential match, you will be contacted by a recruiter with the next steps.
What Are the Wells Fargo Assessments?
Depending on the position you applied for, you may be required to complete a skill assessment test. The assessment varies between positions and its passing completion is required to move forward to the interview stage of the hiring process.
Bank Teller Assessment
The Bank Teller Assessment tests skills such as customer service, math, attention to detail, and verbal communication. If you do not successfully pass this assessment, you will not be able to apply for the teller position again for six months.
Personal Banker Assessment
The Personal Banker Assessment is divided into two portions; numerical concepts and verbal comprehension. The numerical portion tests a range of concepts, including basic math questions, statistics, and percentages. The verbal aptitude section judges your ability to understand and explain complex banking policies to customers.
Wells Fargo Financial Analyst Assessment
The Financial Analysts Assessment tests Excel knowledge, mathematical skills, and situational judgment.
What Is the Wells Fargo Interview Process?
The Wells Fargo interview process consists of stages of phone interviews, group interviews, panel interviews, and 1:1 interviews. The first round of interviews is the phone interview that consists of a Q&A session meant to verify your education and experience necessary for the position, while the remainder of in-person interviews are more in-depth assessments of your competency for the role.
There are multiple ways in which one may prepare for the interview, one of them being reviewing commonly asked interview questions and preparing appropriate answers that will reflect your skills and persona in a positive light.
The most popular interview questions include:
- “Why do you want to work at Wells Fargo?”
- “How would you deal with an angry customer? How did you deal with them in the past?”
- “Can you describe a time you went above and beyond expectations in a customer service setting?”
We’ll soon add a longer list of commonly asked interview questions as for Wells Fargo as well as tips on how to formulate the best answers.