1 Yr in Operations?

I see your logic, but unfortunately most banks don't think like that.

Once you graduate, you are put into an experienced hire pool rather than an undergrad/on-campus pool. The game totally changes at that point - your only shot would be at a boutique, because I can tell you from experience, breaking the cycle at BBs is nearly impossible.

Point is, they figure why hire this kid out of opps who doesnt have any relevant experience, when I can hire out of undergrad, with the same level of experience(plus an internship)

You need to have a really good story on why you're capable of making the move. What area of operations are you in, depending on the division you may be able to make moves laterally in BofA.

eyedea:

I know this topic has been beaten to death, going from ops to ib is almost impossible. But, if I work in ops for one year after graduation at a place like BofA, couldn't I then apply for analyst positions at smaller boutiques? I would have more work experience then graduating seniors at that time, although it won't be in ib. Or are people in ops really looked at as second class citizens in the world of finance?

dont do it. you will be stuck there (although one day you might get into trading). better to be front office at a no-name shithole boutique than backoffice at goldman.

if you cant get into a no-name boutique, then try big 4. if you cant do that, start your own business or something.

this is a description of the job at BofA

Title: Finance Management Associate Program (FMAP) Through your 2 one-year rotations, you will participate in a Business and Corporate support role. FMAP roles may support one or more of the following: • Analysis and reporting of on-going operations • Forecasting financial and non-financial trends • Developing models and performing financial analysis of business investments • Supporting the corporation’s internal planning and management accounting functions • Preparing external reports for shareholders and regulatory authorities • Providing guidance on accounting policy issues and/or taxation issues

any hope?

will big 4 audit be better than the BofA position? It seems like everyone does audit, making it damn near impossible to stand out for ib or top b-school.

I assure you, if you do that job for 2 years, you will not be able to move into an IBD. It's not the same skill set. Not to say that you can't be successful in the finance department, but it just depends on what your goals are.

If you really want to be in IB, that's not the best route. But make sure IB is what you really want - I don't recommend going with the flow.

it really depends on what path you want to take

I dont think its an ops position... more like finance.. if you cant land an ib position, i dont think its that bad... better than a big 4 job...(excluding transaction positions).

stay away from operations