Personal Banker Trainee - Wells Fargo

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Jul 26, 2005 3:25 pm

I am interested to know if anyone had any input into the personal banker trainee position offered through Wells Fargo. I noticed that there is a 3-month training period before actively becoming a personal banker. How does it compare to Washington Mutual's licensed financial rep. position?

Jul 26, 2005 6:12 pm

Do they want you to get a series 6 or a series 7?


Will you have to deal with deposit accounts with either position?


Will you be working in one specific branch or will you be in a remote office and serve several branches?


Do you underwriter loans or refer them to a loan officer?



Those are the key questions that will separate the two positions.  If the answer is the same for all the questions then the jobs will be pretty much the same.  If one has you getting a series 7 and dealing strictly with insurance and investments and no deposit products you will be more sales and securities focused.  Otherwise you will be customer service rep that is nothing more than a glorified teller/loan officer hybrid with insurance and securities licenses.

Jul 26, 2005 8:18 pm

Here is the detail, just see if anyone went through their hiring process and any feeback! Thanks.


15 weeks of comprehensive paid training in Downtown Los Angeles

Training for the NASD Series 7 and 66 brokerage exams

Base salary of $35K + 2.5K increase upon successful completion of Series 7 and 66 + quarterly bonuses

You will be coached and mentored by talented individuals that have a vested interest in helping you succeed, in addition to developing your on-the-job skills.

You will learn the fundamentals of banking, which include deposit accounts, home mortgage, home equity, loans, lines of credit, certificates of deposit, and much more.

Upon successful completion of the Series 7 and 66 exams, you will learn the fundamentals of investments and be exposed to portfolio management, asset allocation, achieving client goals, and customer profiling.

At the conclusion of training, you will be placed at one of our many branch locations.

Responsibilities of an Advanced Personal Banker

Cross-sell and service deposit and credit accounts

Build and enhance relationships with business and consumer clients

Handle Cash Transactions

Deepen relationships by servicing and cross-selling bank and brokerage services to new and existing clients

Wells Fargo is hiring Advanced Personal Bankers for our next paid training class beginning November 14, 2005. Please visit us at #666666" onclick=exLinkthis; href="http://www.wellsfargojoinus.com/" target="_blank">http://www.wellsfargojoinus.com to apply. We are conducting interviews now. Apply online today!
Jul 26, 2005 8:24 pm
lily:

Here is the detail, just see if anyone went through their hiring process and any feeback! Thanks.


15 weeks of comprehensive paid training in Downtown Los Angeles

Training for the NASD Series 7 and 66 brokerage exams

Base salary of $35K + 2.5K increase upon successful completion of Series 7 and 66 + quarterly bonuses

You will be coached and mentored by talented individuals that have a vested interest in helping you succeed, in addition to developing your on-the-job skills.

You will learn the fundamentals of banking, which include deposit accounts, home mortgage, home equity, loans, lines of credit, certificates of deposit, and much more.

Upon successful completion of the Series 7 and 66 exams, you will learn the fundamentals of investments and be exposed to portfolio management, asset allocation, achieving client goals, and customer profiling.

At the conclusion of training, you will be placed at one of our many branch locations.

Responsibilities of an Advanced Personal Banker

Cross-sell and service deposit and credit accounts

Build and enhance relationships with business and consumer clients

Handle Cash Transactions

Deepen relationships by servicing and cross-selling bank and brokerage services to new and existing clients

Wells Fargo is hiring Advanced Personal Bankers for our next paid training class beginning November 14, 2005. Please visit us at #666666" href="http://www.wellsfargojoinus.com/" target=blank onclick="exLinkthis;" target="blank">http://www.wellsfargojoinus.com to apply. We are conducting interviews now. Apply online today!

What happens if a new hire cannot pass the Series 7 and 66?


Why do you suppose they defer teaching about investments until after the Series 7 and 66 are completed?

Jul 27, 2005 1:41 pm

How about positions in CO,MT,ID,NM?

Jul 27, 2005 3:46 pm

If it combines a series 7 and a title including the word "banker" it's a rare bird indeed.

Jul 27, 2005 5:42 pm
lily:

Here is the detail, just see if anyone went through their hiring process and any feeback! Thanks.


15 weeks of comprehensive paid training in Downtown Los Angeles

Training for the NASD Series 7 and 66 brokerage exams

Base salary of $35K + 2.5K increase upon successful completion of Series 7 and 66 + quarterly bonuses

You will be coached and mentored by talented individuals that have a vested interest in helping you succeed, in addition to developing your on-the-job skills.

You will learn the fundamentals of banking, which include deposit accounts, home mortgage, home equity, loans, lines of credit, certificates of deposit, and much more.

Upon successful completion of the Series 7 and 66 exams, you will learn the fundamentals of investments and be exposed to portfolio management, asset allocation, achieving client goals, and customer profiling.

At the conclusion of training, you will be placed at one of our many branch locations.

Responsibilities of an Advanced Personal Banker

Cross-sell and service deposit and credit accounts

Build and enhance relationships with business and consumer clients

Handle Cash Transactions

Deepen relationships by servicing and cross-selling bank and brokerage services to new and existing clients

Wells Fargo is hiring Advanced Personal Bankers for our next paid training class beginning November 14, 2005. Please visit us at #666666" href="http://www.wellsfargojoinus.com/" target=blank onclick="exLinkthis;" target="blank">http://www.wellsfargojoinus.com to apply. We are conducting interviews now. Apply online today!

Seems like it could be a good position.  You will eventually develop a niche for one area and find yourself gravitating more towards either deposit products, insurance, or investments.  At that point you will have a serious career decision to make.  Until then, get the licenses, obtain some sales experience, make some ca$h.