Bank of America Sophomore Rotational
Hey. Does anyone have information on this program? Like who I can contact to get information about it? Thanx.
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What is the Street's general perception of BOA; I know that it is not a BB but that it is up and coming. BOA has served as our banker on a few PE deals thus far and I have been impressed with their team.
Go online or on the BOA website
BofA ML Sophomore programs (Originally Posted: 04/15/2013)
Freshman, non-target.
I looked at the programs for sophomores at a bunch of BB's. I really like the ML one because its both S&T and IB (although I want to go into S&T/ER). Does anyone have any idea of how these programs work and what they are like? The description on the website is very broad and doesn't give me any idea of what an intern actually does.
I have heard they are for more "diverse" groups of applicants (which I am not.)
Also, anyone who has done it, what were the interviews like?
Interviews are almost entirely fit-based (you're not expected to know technicals as a sophomore), with behavioral questions to judge your interest in finance. Pretty much all slots in the program are reserved for URMs.
My buddy landed one of those programs a few years ago and it was 100% fit. But like northsider said...you have to be a URM to land one of these programs.
So as a straight white guy, from a wealthy family, with married parents, with no horribly bad problems, I have little chance?
Correct. Unless, perhaps, your wealthy parents are high ranking execs at a major bank client.
It's very competitive as well, take around 10-18 nationwide.
Previous posts not entirely true. While most of the class last year are URMs, there were a few who were not.
Interviews were all fit-based. Basically resume drop and then if selected, superday with 3 interviews.
The program is fairly straightforward. You do 1 week of training with all the junior SAs, except if you spend half of it with the banking training and the other half with S&T. You then rotate 4.5 weeks in banking and then S&T (vice versa). If you do well, then you will receive a returning offer. Offers can be for both S&T and banking or only one depending on how you do in each rotation.
One follow up here. What do you do? I want to do it, but I wouldn't make much money (5k scholarship paid to your university). I'm wondering if I should try for a boutique IB or PE firm (or even a mutual fund/hedge fund in my region). And then go for the SA spot as a junior. This way, I could make some money over the summer and then have experience at different firms.
You get paid as if you are a junior SA = 70k prorated. The scholarship is in addition to your salary. But it's only given to 2/~15 sophomores.
You basically work as a typical junior SA. The difference are twofold. First your S&T rotation is longer than the 3 3-week long junior rotations. Second your banking rotation is half of the normal summer so you really need to take initiative to get staffed.
BofA sophomore program (Originally Posted: 02/22/2007)
Anybody particpated in/applied to/know anything about the sophomore rotational program at BofA Securities? I'm scheduled for final round interviews tomorrow and was looking for some information (thought I may find some thoughts on this website, but haven't been successful)
Thanks
One of my buddies did this program last year. I don't remember what sector of banking he rotated thru, but I know his time spent in Capital Markets dealt heavily with CMBS. He said the guys were very understanding and he learned a lot. He is working on a structured debt desk now. He usually stayed until midnight during the week and only til 5 on Fridays while in Cap Markets. For banking I hear they work you like an absolute dog. He was paid hourly and made time and a half for every hour over 50. Needless to say he made a killing.
BAML Sophomore Program (Originally Posted: 05/17/2012)
No effort has been made thus far to connect, so who's joining this summer? Just curious as to when everyone is getting to NYC/how the pre-work is coming along/where you're all from.
Hopefully this wont be a bust. Thanks!
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