Wells Fargo Assessments

Prepare for the Wells Fargo recruitment process with tailor-made practice materials.

Careers at Wells Fargo

Wells Fargo provides financial services and has over $1.92 trillion dollars in assets. Their financial service offering includes investments, mortgage products, and banking.

With over 7,200 locations, 13,000 ATMs, and offices across 31 countries they are ranked 30 on Fortune's 2020 list of the largest U.S corporations; serving one in three households in America.

Founded in 1852 in San Francisco, Wells Fargo aims to recruit employees who want to build a career with them. They have been ranked for many employer awards including:

  • #1 of the Top 16 Companies for People with Disabilities (2020)
  • #6 of the Top 15 Companies for Supplier Diversity (2020)
  • 12th Best Company for Latinas (2020
  • Top Military Friendly Employer (2021) Victory Media
  • #11 of the Top 50 Companies for Diversity (2020)

If you are considering a career at Wells Fargo, you must understand the recruitment process as positions can be competitive.

Wells Fargo Application Process

The application process involves a series of online assessments which are important to prepare for beforehand. Practicing these tests can be the difference between being shortlisted and not.

It's also important to understand the core values Wells Fargo is looking for, which you should try to reflect on in your online application form.

Wells Fargo's core values are:

  • Improving communities
  • Exceeding expectations
  • Superior financial returns

Wells Fargo Online Application Form

The online application form requires you to create an account with Wells Fargo's recruitment portal and fill in an online form. Attention to detail and error checking are important skills you should demonstrate here by ensuring your application has no mistakes.

For any opportunities where you are asked questions on the application try to apply Wells Fargo's core values.

Wells Fargo Aptitude Tests

The Wells Fargo assessments include numerical reasoning, verbal reasoning, logical reasoning, situational judgment tests, and personality assessment. Online assessments are used during the pre-employment stages of Wells Fargo's recruitment process.

To be considered for shortlisting you need to be scoring above 50% across all tests and keep in mind the data is comparative i.e. your scores will be compared with other test-takers to help recruiters decide who to shortlist and rank their top applicants.

You should consider practicing lots of different tests to improve your test score and increase your chances of recruitment success.

Wells Fargo online assessment types

The assessments are grouped based on the role you've applied for. It's important to practice a variety of these tests.

  • Bank teller assessment - tests skills such as customer service, math, attention to detail, and verbal communication.
  • Personal banker assessment - tests numerical concepts and verbal comprehension.
  • Financial analyst assessment - tests Excel knowledge, mathematical skills, and situational judgment.

Wells Fargo Numerical Reasoning Test

The Wells Fargo numerical reasoning test is a critical assessment for financial roles. It tests a candidate's ability to understand and solve mathematical concepts and problems using multiple-choice questions.

The test is also timed which adds a time pressure difficulty to the equation.

The complexity of the numerical reasoning tests is not related to the difficulty of the maths but the time pressure to solve the questions (although it's a good idea to sharpen your basic math knowledge). You will have less than a minute to answer the question and perform the calculations needed.

Wells Fargo Verbal Reasoning Test

The Wells Fargo verbal reasoning test is an assessment to test candidates' ability to comprehend key information from dense passages of text. You do not need prior knowledge of the text passage but an ability to read quickly and make judgment calls on.

Wells Fargo Logical Reasoning Test

The Wells Fargo logical reasoning test is perhaps the most challenging test and is an assessment of how you think. You'll be provided with a series of shapes and patterns and you must figure out what the recurring sequence is under a time limit.

The logical thinking test can come in three different forms - deductive, inductive, or abstract. As some candidates may be unfamiliar with this test, we strongly recommend getting lots of practice and developing your technique.

The test measures how well you work under pressure and how good you are at solving problems.

Wells Fargo Personality Test

The Wells Frago personality test is an assessment to see if candidates are a good cultural fit and possess the right type of personal qualities to succeed in the role. Although there are no right or wrong answers, there are some answers which might affect your chances of getting the job so choose your responses sensibly and strategically.

Wells Fargo Situational Judgment Test

The Wells Fargo situational judgment test is an assessment to see how you judge difficult situations and respond to them. These situations closely resemble real-life work simulations or what you might expect during the day-to-day activities of your job.

You might be asked to rank the best and worst choices or respond to which option you would choose to take. It's important to remember the Wells Fargo core values during this test as it may help you decide what the right responses are.

Wells Fargo Sample Interview Questions

The final stage of the recruitment process is the interview rounds. This can be telephone, one-on-one, or group interviews depending on the role you've applied for. Here are some sample screening questions you may be asked in Wells Fargo:

  • Give an example of a time when you showed teamwork?
  • Give an example of a time when you showed resistance?
  • Give an example of a time when you showed leadership?
  • How would you deal with an angry customer?
  • Can you describe a time you went above and beyond expectations?

The interview is a competency-based assessment and will focus on your CV and motivations so be sure to know your application well.

It is important to prepare for your interview ahead of time and revise practice questions. This helps build confidence and allows you to have some ideas of what to talk about. The STAR (situation, task, action and result) method is typically used to structure interview answers so it's worth using this technique.

Sample Wells Fargo Assessments question Test your knowledge!

Score: /5

From the following list of statements, identify which one demonstrates a logical fallacy. 'Because our most successful clients are those who began investing early in life, we suggest that to become successful, one must start investing early.'

  • The statement provides a cause-and-effect relationship that may not exist.
  • The statement supports the need for early-life investments.
  • The statement is a sound financial principle.
  • The statement acknowledges the success of early investments.

A financial advisor is assessing the interest accrued on an investment account. If the initial deposit was $20,000 and the account has been accruing interest at a simple rate of 4.5% per annum, how much total interest will have accrued after 3 years?

  • $2,700
  • $2,800
  • $3,000
  • $3,200

After reading the following description of a mortgage product, determine which feature would be most appealing to a borrower looking for flexibility. 'The mortgage offers a fixed rate for five years, after which the rate becomes variable. Additionally, there are no penalties for early repayment, and borrowers have the option to change the repayment amount every two years.'

  • The fixed rate for five years
  • The variable rate after five years
  • No penalties for early repayment
  • Option to change repayment amount

Which of the following conclusions is best supported by the statement: 'Most individuals who receive financial consultation exhibit greater savings behavior and investment knowledge than those who do not.'

  • Financial consultation causes individuals to save more.
  • Individuals with investment knowledge are more likely to seek financial consultation.
  • There is a correlation between financial consultation and savings behavior.
  • Without financial consultation, individuals cannot exhibit savings behavior.

A client meeting at a bank is looking into different types of accounts for their savings. If the intent is to maximize interest earned over a 10 year period without additional deposits, which type of account will be most advisable, assuming all have the same annual interest rate?

  • A checking account
  • A savings account
  • A time deposit account
  • A money market account

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Wells Fargo Assessments Tips

Get Familiar with the Format

Understanding the structure of the tests you'll face is key. Familiarize yourself with the types of questions and time limits. Preparation breeds confidence!

Practice, Practice, Practice

There's no substitute for practice. You can take free practice tests right here on Fintest to get you from anxious to ace.

Identify Your Weak Spots

While practicing, keep an eye out for areas where you're struggling and focus your study efforts there to improve.

Time Management

Time can fly when you're in test mode. Practice pacing yourself to ensure you can complete all questions in the allotted time.

Relax and Stay Positive

A calm mind solves problems faster than a worried one. Stay positive and take deep breaths if you start to feel overwhelmed.

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Wells Fargo Assessments FAQs

What are the Wells Fargo tests?

Wells Fargo utilizes aptitude tests during their hiring process to assess candidates' skills in problem-solving, verbal reasoning, and numerical analysis. These exams provide a fair evaluation of an individual’s potential to excel in financial roles.

Are the Wells Fargo tests hard?

Like any competitive assessment, the tests can be challenging, but mainly aim to gauge your aptitude and fit for the position. A solid understanding of basic financial principles and sharp analytical skills will serve you well.

How do I prepare for Wells Fargo tests?

The best way to prepare for Wells Fargo tests is by practicing as much as possible. Fintest offers a wide range of practice exams that mirror the format and content of Wells Fargo's tests, giving you a competitive edge.

How long does the recruitment process take at Wells Fargo?

The recruitment process time at Wells Fargo can vary based on role and location. However, on average, from the initial application to the final decision, it might take several weeks as it includes several stages of assessments and interviews.

What are Wells Fargo's core values?

Wells Fargo's core values revolve around trust, integrity, and customer service. They focus on building a strong and ethical foundation that supports their customers’ best interests and fosters a positive community impact.