Based on the most helpful WSO content, the BAML Summer Analyst (SA) recruitment process typically involves several stages, which can include an initial application, online assessments (such as HireVue), first-round interviews, and then a Superday (final round interviews). The process might slightly vary depending on the location and specific division you're applying to, but generally, it follows this structure.

For the Chicago SA 2025 process, while the context doesn't specify details about the Chicago office specifically, it's common for banks like BAML to have diversity and inclusion initiatives that might include early recruitment rounds for candidates from diverse backgrounds. This could be what you're referring to as the "diversity round." These initiatives are part of the bank's efforts to promote diversity within the company and often provide candidates from underrepresented groups with earlier access to the recruitment process.

The general process, as inferred from the context, usually starts with an application submission through the bank's career portal. Candidates who meet the initial criteria may then be invited to complete online assessments or a HireVue interview, which consists of pre-recorded video questions. Successful candidates from this stage are then invited to first-round interviews, which could be conducted over the phone or in person. The final stage is typically a Superday, which involves a series of back-to-back interviews with various team members and is often held at the bank's offices.

Remember, each step is crucial, and preparation is key. Utilizing resources like the IB Interview Bootcamp, detailed PE LBO Tests + Case studies, and other training materials mentioned in the WSO Academy can significantly enhance your readiness for each stage of the recruitment process.

Sources: BAML SA 2021: Is anyone participating in BAML GCIB Step Ahead Diversity and Inclusion Program?, BAML SA 2020 Thread, BAML 2020 SA - Any updates?, BAML Accelerated Recruiting Thread SA investment banking, BAML SA 2020 guide fellow BB interns

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