Summer 2027
Quantitative Analytics Intern
Multiple Teams
Posted on 8/18/2026
Wells Fargo
10,001+ employees
Nationwide banking and financial services
No salary listed
No H1B Sponsorship
Charlotte, NC, USA
In Person
Master's
 Quantitative Finance (1) |
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- At least 6 months of work experience, or equivalent demonstrated through work experience, training, military experience, or education.
- Candidates must be presently authorized to work for any employer in the United States and must not require work visa sponsorship from Wells Fargo now or in the future.
- Currently pursuing a Master's degree in Statistics, Data Science, Mathematics, Econometrics, Computer Science, Engineering, or a related quantitative field, with an expected graduation date after December 2027.
- Programming proficiency in at least one of Python, R, SQL, Spark, or Java for data and statistical analysis applications.
- Experience and firsthand knowledge in data analysis, machine learning models, statistical modeling, data management, and computing.
- Quantitative and analytical skills, including the ability to apply data analysis, modeling, visualization, statistics, research, and generative artificial intelligence to generate insights and support innovative solutions.
- Ability to apply data and software engineering skills to design, develop, and deliver scalable solutions.
- Strong communication skills and the ability to seek, apply, and respond to feedback in collaborative analytical settings.
- Business acumen and commitment to supporting data-informed business outcomes.
- Ability to act with integrity, support risk assessments, and apply risk controls in a disciplined, data-driven environment.
- Forecast loss and revenue for credit card loan portfolios.
- Develop credit scorecards for consumer decisioning strategies.
- Build models to identify money laundering patterns across transaction databases.
- Predict operational losses using statistical and machine learning modeling.
- Apply statistical and quantitative techniques to validate model design, calibration, and implementation.
- Contribute to strategic business goals through on-the-job project experiences.
- Participate in the internship's induction, onboarding, professional development, speaker-series, and networking activities.
Wells Fargo provides banking, investment, and payment services to individuals, businesses, and institutions. Its products include checking and savings accounts, loans, credit cards, wealth management, and payments, accessible through branches, online and mobile platforms, and full payment rails. The company combines a wide national footprint with a long history and a business model that integrates banking, investment, and payments, supported by a large network of branches and ATMs. Its goal is to help customers manage money, grow wealth, and move funds safely and reliably.
Company Size
10,001+
Company Stage
IPO
Headquarters
San Francisco, California
Founded
1851
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See people who can refer or advise you
Simplify's Take
What believers are saying
- Q2 2026 diluted EPS rose 25% to $2.00 on revenue of $22.6 billion.
- Credit and deposits grew in 1Q26, with loans up 11% and deposits 7%.
- Orange EV's $100 million Wells Fargo facility shows continued lending momentum in specialized finance.
What critics are saying
- Charlie Scharf said August 2026 AI automation will eliminate tens of thousands of jobs.
- Wells Fargo cut 79,000 jobs since 2019, signaling relentless restructuring pressure.
- Litigation and compliance failures still threaten credibility if another control breakdown emerges.
What makes Wells Fargo unique
- March 2026 ended Wells Fargo's final Fed enforcement action after decade-long remediation.
- August 2026 tokenized deposits push 24/7 settlement inside the insured banking system.
- Q2 2026 investment banking fees topped $900 million, with stronger market share gains.
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Benefits
Health Insurance
401(k) Retirement Plan
Paid Vacation
Paid Sick Leave
Parental Leave
Disability Insurance
Life Insurance
Tuition Reimbursement
Commuter Benefits
Adoption Assistance
Company News
Wall Street's largest banks are investing billions in AI, though questions persist about returns on these massive expenditures. JPMorgan leads with a nearly $20 billion annual technology budget, claiming its $2 billion AI investment has already matched costs in savings. The bank tracks how its engineers use AI tools and has deployed its proprietary platform to over 200,000 employees. Goldman Sachs spent $6 billion on technology this year, whilst announcing AI-driven efficiency measures that will slow hiring and reduce some roles. Citigroup takes a bottom-up approach with 4,000 employees trained as AI stewards, reporting nearly 90% staff usage of AI tools. Wells Fargo and Bank of America are also deploying AI across operations, from wealth advisory to code development. Morgan Stanley's partnership with OpenAI saved developers over 280,000 hours in the first half of last year. Despite widespread adoption, JPMorgan CEO Jamie Dimon noted banks don't "uniquely benefit from AI" since everyone now uses it.
$695M Financing Secured for 330 MW Cobalt Solar Recurrent Energy, a subsidiary of Canadian Solar, has secured $695 million in project financing and tax equ
Wells Fargo analyst Michael Turrin has set the highest Microsoft price target on Wall Street at $700, up from $650. The firm had previously cut its target to $625 in July amid concerns over AI infrastructure spending. The reversal came after Microsoft's 29 July earnings report showed Azure crossing $100 billion in annualised revenue, growing 43% in constant currency. Microsoft reported adjusted earnings per share of $4.74 on revenue of $90.01 billion, beating consensus estimates. Turrin maintained his Overweight rating, arguing Microsoft's enterprise AI leadership and corporate software dominance justify a premium valuation. The target implies roughly 39% upside from the current stock price of $503.81. The average analyst target across 35 firms sits at $562.
CB&I, a provider of integrated storage and asset-management solutions, has closed an upsized senior secured credit facility of $625 million, up from $400 million. The expanded facility comprises a $500 million revolving credit facility and a new $125 million Term Loan A, both maturing on 4 December 2028. The additional capacity replenishes cash used to acquire Asset Solutions, previously part of the Petrofac Group, and enhances financial flexibility for future investments. The revolving credit facility remains undrawn at closing, with CB&I having no funded debt outstanding. Citibank led the syndication, which added Goldman Sachs Bank USA and Zions Bancorporation to the lending group. Existing lenders include Truist Securities, National Bank of Canada, Webster Bank, Texas Capital Bank, Crédit Agricole CIB, Wells Fargo, and J.P. Morgan.
Orange EV, a US manufacturer of zero-emissions terminal trucks, has secured a $100 million revolving credit facility led by Wells Fargo Bank. The senior secured facility will strengthen the company's balance sheet and provide liquidity for working capital, expansion of its OptiGrid subsidiary, and growth of its rental and leasing platform. OptiGrid develops battery-integrated fast charging solutions that enable rapid deployment of charging infrastructure without costly utility upgrades. The technology can compress deployment timelines from months or years to days or weeks. CEO Kurt Neutgens said the company is on track for one in four new yard trucks purchased or leased to be an Orange EV vehicle. The firm has tripled production and recently deployed its 2,000th electric terminal truck, with a recent order for 600 units.