Best groups in BoA investment banking?
Some people have mentioned BoA's lev fin group as being highly prestiges, in the JPMorgan forum. I was wondering, especially after the merger with Merrill is completed, what other groups will BoA be strong/prestiges in? Does anyone know about their M & A, TMT, Nat. Resources, Consumer etc...
Merrill has fairly strong groups across the board. I know healthcare was top notch, multi-industries (includes metals, mining, infrastructure, etc)is pretty good, and the same goes for M&A + consumer. But yeah, back when lev fin was popular, B of A did very well. Only JPM had a better practice.
BofA had a great leveraged finance division... it's not very active now but it was a powerhouse a few months ago...
Also, you have to wait and see what divisions/bankers they keep from Merril after the merger because if they can the M&A division, per se, then that division is still the crappy BofA one...
It also sucks that those crappy BofA groups don't appreciate the awesomeness of the ML groups, and many of the IB cuts might likely be on the ML sides.
I have been hearing that ML is just waiting for the closing of the transaction to pull their first year offers from the summer. My friends who are still in school have already lined up back up plans.
Has anyone heard anything different (other thant he BS HR speak from ML that denies this, which is complete crap)
IBnutz, who has told you that? That sounds like pure speculation on part of the summers who received FT offers?
I am one of those and keeping my fingers crossed. I have no backup plan. Merrill HR has told us our offer will be fine, but obviously who knows. I am pretty worried, but haven't heard otherwise.
The last people you should ever trust are HR.
I've heard health care is one of their best groups.
BofA and Merrill have already announced post-merger group heads... and across the board most of them are ML (i think 14 out of 17).. the only ones where BofA guy is head of is Healthcare, Real-Estate, and Corporate Banking (ML doesn't have corporate banking).. so that should give you a clue where BofA strengths... that's not to say that ML's groups in those areas aren't good.. I'm pretty sure ML HC is good too.. not sure about Real Estate
On a side note anybody heard any rumors on what the Investment bank will be called. I know GWM will still keep the Merrill name but is the IBK now called Bank of America Securities or Merrill Lynch?
BoA real estate is quite good. But so is Merrill's. It'll be interesting to see how both groups merge.
My info on the rescinding of offers comes from an MD in the ML healthcare group. But he qualifies that info with the fact that is his best estimate. Could be full of shit.
What about research and S&T (I'm guessing for fixed income both divisions are closely tied)
Healthcare/Pharma is the best from Merrill, most BofA layoffs are from BofA, not Merrill, anyways
http://www.afr0jacks.com/ Afro Jacks
...so reminiscent of my BSC situation back in April. HR: "no worries, your offer is still good." ahem..
Soy, thats not true. At least at junior levels, ML is going to take the brunt of the lay-offs. Do you really think BofA cares about ML's supposed 'prestige' when to Ken Lewis its just a strategic move to get an Asset Management unit?
I think ML's IB is bigger than BOA's to begin with, meaning that at least in absolute numbers I'd expect ML to take a few steps back with hiring/keeping people employed.
BofA and Merrill have by bigal2127 (Chimp, 2 Banana Points Points) on 12/16/08 at 2:43pm
bofa and merrill have already announced post-merger group heads... and across the board most of them are ML (i think 14 out of 17).. the only ones where BofA guy is head of is Healthcare, Real-Estate, and Corporate Banking (ML doesn't have corporate banking).. so that should give you a clue where BofA strengths... that's not to say that ML's groups in those areas aren't good.. I'm pretty sure ML HC is good too.. not sure about Real Estate
Where you getting this information from? Any links..
Greg Fleming, who will be head of Global Corporate, Commercial and Investment Banking (GCCIB) following legal day one, today announced the members of the GCCIB Leadership Team. Regional heads, global business heads and global industry heads will have joint leadership accountability to ensure coordination and cross-selling across businesses and industry groups to maximize client coverage and profitability. These individuals will continue in their current roles until the successful closing of the merger and will assume their new appointments on legal day one.
· Americas Corporate and Investment Banking will be led by Brian Brille. (BofA)
· Asia Pacific Corporate and Investment Banking will be led by Jim Forbes.
· Europe, the Middle East & Africa Corporate and Investment Banking will be led by Mark Aedy.
· Global Energy & Power will be led by Jonathan Grundy.
· Global Financial Institutions will be led by Michael Rubinoff.
· Global Healthcare, Consumer and Retail will be led by Paul Donofrio. (BofA)
· Global Industrials will be led by Purna Saggurti.
· Global Real Estate and Gaming will be led by Ron Sturzenegger. (BofA)
· Global Telecom, Media & Technology will be led by George (Woody) Young.
· Global Corporate Banking will be led by Joel Van Dusen. (BofA)
· Global Mergers & Acquisitions and Financial Sponsors will be led by Jeff Kaplan.
· Global Client Development & Business Analytics will be led by Sara Furber.
BAML Groups in NYC - (E&P, Industrials and M&A) (Originally Posted: 02/18/2015)
Sorry, I tried to use the search function but all forums were dated. I need help on evaluating different groups at BAML. Can someone please shed light on hours, culture and live transactions at Energy & Power, Industrials and M&A groups?
Also, does Energy & Power group only does Power in New York or they do work on any of the energy verticals as well?
Thanks.
Word on the street is that E&P is a sweatshop.
I can confirm that the BAML Power Group in NYC is a sweatshop (100+ hrs per week). Double all-nighters not uncommon. Rarely get holidays off. A lof of junior bankers leaving.
I can shed light on the E&P group:
They are actually a pretty strong group, advising on the shell/bg deal. They are trying to build out their platform, as they have strong deal flow but are also under-staffed. Energy is stronger than power, also have been informed that exit ops out of energy are a bit better. Energy has 25% of their group in NYC, and 75% in Houston, Power if my memory serves me correctly is just in NYC, or at least has the most people. Energy in NYC is possible, but most likely you would be placed in Houston.
Place is a sweatshop though right now, just due to them being understaffed.
Why bash if that is where you want to work, go for it.
Best groups at BAML (Originally Posted: 03/11/2014)
Which groups are the best at BAML? I will be an IBD SA this summer and am confused about choosing groups. Industry vs. product? Which ones have the highest deal flow? What should those coming from a liberal arts background look for?
M&A and FSG are top notch
Consumer/Retail and Real Estate.
But then again, go for something that you're actually interested in/passionate about.
,
M&A is a really strong group + very fun guys
Financial Sponsors definitely
Any thoughts on the BAML Lev Fin Group in Charlotte? (Originally Posted: 07/25/2012)
Any thoughts on the BAML Lev Fin Group in Charlotte? It seems like the group is doing well and not planning on moving to New York any time soon.
If you have an opportunity to work there, it's a good experience regardless. Do not be one of those group/firm snobs. So few people get opportunites to work in groups even close to this one that you have to take your opportunity and run with it.
Thanks for the insight. Did you use to work in this group?
Pm me
BAML NYC Groups (Originally Posted: 11/18/2010)
Hey guys, quick question - anyone know which BAML GCIB groups are based out of NYC?
Thanks in advance and sorry if it's been asked before.
All of the groups in GCIB are based out of NYC.
Although some groups are split with Charlotte like lev fin which may actually be bigger there than NY (not sure)
Most of the leveraged finance analysts and associates moved from Charlotte to NYC as of last year.
TMT is the only group with legit exit opportunities unless you want to go to Lindsay Goldberg or something...
Consumer was good when Romitha was there. Now it is just a piece of shit.
Tech and Media & Telecom are separate Coverage groups... also Energy & Power has strong presence in Houston, naturally, in addition to the NYC personnel... also you couldn't be more wrong with regard to the firm's exit opps... BAML has been crushing it in the syndicated loan space... Lev Fin has phenomenal PE placement and so do most coverage groups... don't make blanket statements about groups you know little about...
in response to the above post, why is working at a respected ~10B AUM firm not a "legit exit opp"? pretty ridiculous and leveragedsellout-like
Technically, Leveraged finance is not part of GCIB. It is part of Capital Markets. That being said the Lev Fin group is split between high yield bonds in New York and leveraged loans in Charlotte.
o yea ur right seth i forgot how they split it up
real estate has some bankers in charlotte as well
TMT is not TMT it is split into Traditional tech (based in SF), business tech (based in NY) and Media & telecom (based in NY)
The tech group is mostly in Palo Alto, which is the biggest BAML office globally outside of NYC, cos the global head of tech banking sits in that office.
I know there is also a corporate finance group in NYC comprised of around 15 bankers.
BAML IBD groups (Originally Posted: 02/20/2010)
Which groups are stronger at BAML IBD in NYC? Any inputs/thoughts will be much appreciated!
real estate!!!!
There's an older thread on this topic....
//www.wallstreetoasis.com/forums/baml-groups
BAML Groups (Originally Posted: 02/17/2011)
I hate rankings as much as anybody, but in you all's opinion, what are some of BAML's stronger/respected groups? I have heard LevFin and Energy are strong, but what's the word across the st?
Thanks guys
Comments
bump
Is this for the NY office ?? The top groups at BAML in NY are Lev Fin, FS & M & A. The above three groups do place well into PE. I have heard Energy is decent but not the best.
how about for the sf office?
how about for the sf office?
is the energy group the one in Calgary?
Nope I am talking about Houston.
They have (arguably) the best real estate coverage group on the Street, if you're into that.
BAML NY IBD Summer Analyst Internship - Best Groups (Originally Posted: 02/06/2013)
I recently received an offer for a BAML NY Investment banking summer analyst internship. I know there are already posts that discuss some of the specific groups, but some are from a couple years ago and I know things change. Also, it would be easier to see it all in one thread so excuse my laziness.
My question is: What are the "best" / most prestigious groups at BAML? I do not know if I want to do PE or HF after yet, so for someone who just wants to have as many options available at the end of their analyst stint, what would be the best groups to get into?/What looks the best on a resume and is perceived by finance professionals today as the strongest groups?
If possible, rank them in order and also include any groups that I should avoid at all costs haha. Thanks.
Any of these should do - Lev. Fin., M&A, Financial Sponsors
Their Lev Fin group has been doing really well lately, but I believe that it is classified under "Global Capital Markets" line of business (with DCM/ECM) so I believe that it is a different interview process.
Sponsors handles the LBOs, LevFin gets into the nitty-gritty debt stuff. Former is probably better for PE, latter (guessing?) for credit HFs, but they'll both get you looks from everywhere. It's true at most places, but for BAML especially you'll want to be in product.
As for avoid like the plague...TMT. It kinda blows.
Anymore perspectives on this? I'm curious but don't want to start a new thread.
for exit opps, financial sponsors by far. Then M&A. Lev Fin gets good deal flow but the experience you get isn't as good as people on this board claim.
Best Macro Groups at BAML (Originally Posted: 01/19/2012)
Hey guys, I was wondering if I could get your advice on something. If I was interested in eventually transitioning to a hedge fund, preferably a macro fund, are there any specific trading groups at BAML you would recommend? The SA program allows each intern to rotate through 3 desks. At this point in time, I don't have a strong interest in any specific product group, but I have been attracted more towards macro trends in the economy as opposed to issues of corporate finance. I know that desks like FX and rates would be applicable, but are there any groups at BAML specifically that would be great? Any insight much appreciated.
bump
FX or Rates trading
Here is a list of desks that might tickle your fancy - EM Credit Trading - Rates (swaps + sov) and Credit Trading - FX Trading - Inflation Trading - LCT Rates (Local Currency Trading)
thanks rumplesmoothspin
Same issue- interested in macro and have a rotatoin program in rates trading at a bank- i can do swaps, options and inflation- all USD. What should my order of priority ideally be if given a choice? Thanks!
swaps first, then inflation, then options. I honestly think STIR will force you to learn the most macro of any asset class but I am biased from experience...
Cool, thanks! Any other points of view? How relevant are options for macro trading in general anyway?
Interested to know why you recommend swaps over options. What about your experience makes you say this?
Also STIR is often used to refer to the FX forwards desk. I assume you meant IR swaps by that?
Right, I was meaning the short end of the rates curve - equally trading cash would provide the same education. Reasoning being is that if you are trying to develop your awareness of macro trends, you are primarily going to be thinking about your outright or curve movements rather than your vol position and your gamma/vega risks. I.e. "I think rates are going to go down as the ECB/Fed/BoE injects liquidity" rather than "I think volatility is underpriced in this sector". Obviously there is a huge amount of overlap - you do think about delta on a vol desk and CB interventions will have significant effects on vol, but in the day to day running of the options desk, a LOT of stuff is going to be delta neutral. Does this make sense? You are forced to really get to grips with what drives the outright movement of the short end (macro stuff) if you trade it, rather than looking at your delta as an often minor component on a vol desk. I have been on both types of desks. Let me know if this doesnt make sense - I am sick right now and mind is a bit foggy!
This makes sense and thanks for the write up. Curiously enough, the traders I met often recommended going for the vol desk over cash (this is not specific to rates) because they could make money trading the gamma/vega while also putting on delta positions (i.e. leaving stuff unhedged) if they felt like it. The focus is different, like you said, but the traders I met seemed to prize the "more ways of making money" part of a vol desk quite highly.
Is there any difference between swaps and vol in terms of the type of clients you interact with? I heard most macro funds these days like putting positions on using options, so if you were on a vol desk you might get more exposure to the sophisticated ideas they were running, in addition to building a stronger relationship with those funds. How does that compare with a swaps or cash desk - would you see more corporate activity and fewer hedge fund clients there?
9956, great job with those answers
Any experience on BofA's Leveraged Finance group? (Originally Posted: 02/14/2007)
They are obviously up there as far as league tables go, but what about reputation? Is it a strong group? Anywhere near JPM Lev Fin?
It's structured and reputation-wise as good as JPM. Likewise with JPM, if you get an offer in the Sponsors silo in LFG, then it's a great group in terms of exist ops and reputation. The other industry silos are solid as well, but I doubt that they'll have the same ops as the Sponsor silo.
bump
BAML and JPM are always #1 and #2 in the league tables with 20ish percent market share with #3 usually falling in the 9% range. You'll get lots of live deal exposure at each.
There is no sponsor silo at BAML, the two silos are NR/C&R/FIG/TMT and GIG/HC/REG&L
Bank of America Group Selection (Originally Posted: 10/02/2009)
Going for a final round in NYC and have to rank my top five groups for the interview process. What are the strongest groups in terms of culture/exit-ops/dealflow?
Check your PM.
Anyone know anything about their Financial Sponsors or their M&A?
M&A is not that good relative to other BBs.
If you're looking for exit opps, the groups that do the best in PE at any bank are always M&A, Sponsors, and Lev Fin. Except for Goldman since they don't have a separate M&A or Sponsors group.
BofA M&A is consistently top 5. It's under JPM, MS, and GS, but comparable if not better than the rest. ML M&A was a very prestigious group and the new BofA M&A is largely the legacy ML team.
Real Estate, Industrials, FIG, and Consumer have been seeing good deal flow.
As a whole, BofA ML tends to be more down to earth than some of the others
Bank of America San Fran M&A Group (Originally Posted: 04/08/2009)
Hello,
Does anybody know about the Bank of America San Francisco Mergers & Acquisitions Group? Do you know how many people work there, about the culture of the office, or deal flow?
Thank you for any knowledge / help anybody has.
masterg
Do you mean the former ML bankers or the former BOA? Either way, neither has ever had much of a west coast presence. ML was historically better but never a top 5 player. BOA was a bit player at best, definitely the least-successful of the BBs.
The former BoA group, not Merrill. Merrill Lynch only had healthcare and consumer/retail groups in San Francisco, as far as I know with the tech group in Palo Alto.
If anybody else knows about the BoA group, I'd appreciate whatever knowledge you have. Thanks.
bump
Its a decent group that does smaller deals than the rest of the BB's that compete in the area. Should be getting better deal flow once the market picks back up (and BOA has the books for large-scale underwriting again). Also, most of the ML sector groups do their own M&A on the West Coast (meaning that the merged entities might end up having less deal flow through the legacy BOA group).
None of what I have written is first-hand knowledge, so if anyone else could weigh in that would be good
Best groups at Merrill Lynch (Originally Posted: 02/02/2007)
So, what are the best groups at Merrill?
M&A, Lev Fin, Healthcare, FIG, Real Estate
LevFin at ML is not good.
FIG/Healthcare are very good M&A is 2nd tier
M&A is not 2nd tier....i'd say it's right up there after MS M&A (GS doens't have a separate group)
Sponsors group is good at ML as well.
Every time ML Lev Fin is mentioned you jump all over it, but you have nothing to back it up.
BofA ML Public Finance Group (Originally Posted: 10/26/2009)
Anyone familiar with the Public Finance side of BofA ML? My recruiter was from Merrill and said 95% of the Public Finance team is from Merrill and almost 100% of seniors are from Merrill.
I don't know if this means anything. Does anyone have any idea on the culture, hours, long term mobility or opportunity an analyst position in Public Finance would provide? Would it be pretty much inline base+bonus vs other sectors of Ibanking?
Thanks
Sorry for the bump, but also.. any idea on what to expect or how I should prepare for final round/superday? I've been targeting Prop Trading shops as my career, so I've been reviewing all probability/stat questions ect. Anything I should really focus on or refresh on for the Public Finance Superday?
Thanks again
Cant say much about culture. Public finance exit ops can be pretty good, less attractive than some other IB positions because you are only working with debt. Fewer products and limited work with the equity side of the balance sheet means you may not be as appealing as an M&A or leveraged finance analyst if you are trying to go into PE or something of that nature.
Study up on bond math, yield curves, know what public finance is and who they work with. Pay +Bonus is comparable to other IB analysts maybe 80 - 90%. You may have slightly shorter hours but not by much.
Do a search for "public finance" on here, you will find similar information.
bump
bump
Top Merrill Lynch Banking Groups? (Originally Posted: 09/30/2007)
Any ML groups are top of the street? Please specify and provide some details. Thanks
FIG, Healthcare, M&A, CorpFin
M&A and CorpFin
Will I get dinged by making a minor error on ML's phone interview? It was in calculating FCF for DCF analysis. I left out the CAPEX.
in the large scheme of things, that can be permissible if your interviewer really liked you. but in terms of calculating FCF, capEx is hugely important.
Anyone going to MLs super day next week?
When did you get the invite for super day? It's on Thursday right?
ill be there
It's also Merrill's last superday... Reliable inside source told me that 60 candidates have been invited; looking to take significantly less than that though.
I got my invite yesterday afternoon. I would assume ML has done at least 2 superdays, so chances are slim from that 60, but that is kind of expected from any BB superday.
there were already two superdays in january, with around 30 people each
The OP's question was in reference to top groups at ML.
Here are a few points to consider:
If you got an offer at ML, or any top bank for that matter, great job. If you are interested in banking, you've earned yourself a great start...
...with that said, interest is the key. The top group for each candidate is unique. To some people working in Corp Fin will not be as interesting or rewarding as working in a Tech group.
Suffice to say, all of ML's groups are solid. Think about what you want to do, and chances are that you will be more content and successful.
Groups at BAML NY (Originally Posted: 04/02/2010)
I know this thread has been done to death, but I did a search and the most recent thread was deleted. I know BAML Lev Fin and FS are good, but how is their M&A Group? Also, what are the strong industry groups (I'm pretty interested in Energy)?
Energy is primarily in Houston, whereas Power is in NYC.
As for the strongest groups, I think they are all pretty solid, but on the coverage side, Healthcare, TMT and Industrials are good from what I know.
Healthcare used to be strong until Tom Davidson and Alan Hartman left after they advised on the PFE/WYE deal.
Thanks for the insight...if I want to work in Energy PE in Houston down the road, would the Energy group in NY be my best bet? Or should I focus on a product group..M&A or FS?
What have some of you guys heard about BAML's TMT group?
If you want Energy PE, then the Energy group in Houston would be the obvious choice, bigcheese. There are only about a half a dozen energy bankers in NY, almost non-existent. Energy & Power are linked as a group, but Power is based out of NY with the Energy team based out of Houston.
Well my offer is for NY so I'm just trying to figure out what is the best out of my options. I suppose I'll try and get a FT offer in Houston
at the analyst or associate level? TMT is no good only groups i'd even consider at BAML are healthcare, LevFin and FS
please explain why you think TMT at BAML is "no good"? Are you simply a college kid who thinks he knows about banking?
analyst level...this is for a summer position
From his past posts, it looks like he worked at BAML. Maybe he was in TMT and had a bad experience?
go for the atm group at Bank of America
Yeah maybe, but I'd like to know why he thinks that group sucks because my understanding is a bit different, though I could be wrong I suppose.
BofA group toughts (Originally Posted: 05/02/2012)
Trying to decide how I am going to rank groups on my placement request (summer analyst). Whats the word on the exit opps./prestige of particular IB groups.
M&A is considered one of the top groups at BAML (as with many BBs). Also, I've heard that BAML is very strong in LevFin.
That said, the structure of IBD at BAML for junior bankers may be about to change, and group placement could become less critical. If the plan goes through, it sounds like analysts will be rotated amongst groups. I have no insight on this issue other than what was in an earlier thread, but perhaps others can chime in. Something to at least be aware of...
//www.wallstreetoasis.com/blog/how-bofas-layoffs-could-be-unintentionally…
1) Lev fin 2) Fin sponsors 2) M&A 3) Industrials 3) Consumer 4) Nat Res (or whatever they call the energy group)
Should note, I'd def. try to get into one of the three product groups I listed. The s**t I've read about what they're trying to do w/ the coverage groups sounds like a disaster, would try to avoid.
I would add Healthcare to the list. I can't imagine how this rotation system would work. It just sounds like an awful idea. I have a friend at DB and their associates are on rotation.
Not to be the bearer of bad news, but it sounds like it won't really matter. The Journal, as well as some people I know at the bank, report that they plan to move all junior bankers (associates and below) into a massive generalist pool.
Product groups as well? Maybe M&A and Fin Sponsors, but cap markets...that'd be a disaster.
Is the generalist pool system for Analysts considered undesirable? Because that makes harder for them to acquire a specialized skill set and knowledge?
I would guess that it depends on what your personal goals and interests are. If you really like a specific industry, and want to specialize in it/gain industry expertise, then the generalist pool would be annoying. However, if you don't have a strong industry preference, then it might be good to be able to gain some exposure to different industries.
On the surface your defense for a generalist pool seems logical, but I don't it'll work because eventually the groups that are actually getting on deals (speaking of m&a here) are going to need associates and in many cases analysts that have familiarity with the industry involved deeper than one night of cramming research reports and industry primers, which I know from personal experience aren't the best learning tools.
The sr deal team members will start to have their favorites or go to guys they've worked with in the past, staffing needs will get fucked again and they'll have to go back to the previous method.
Does anyone know when the pooling will take into effect? And will it affect current bankers or just new hires? Also, is it for industry groups only or for all groups?
their O&G group is doing very well with a 29 year old super star VP. As others have said, M&A, HC, Lev Fin, Sponsors are all pretty good places to be.
Although I'm not sure if I want to be in a group that is close to the balance sheet right now...
A generalist pool....wtf. Thanks for the info guys.
My understanding that the pool will encompass both industry coverage and products. Sounds like a bad idea to me. Something like M&A really demands focus. At least, in my experience.
I think the generalist idea is 1) going to take a while to implement and 2.) fail.
Analyst starts in Group A...does good job. HR goblin tries to rotate him, MD/whomever says "we need bodies who have been working on this stuff, you're not moving him". HR crawls back under bridge.
Externally they might implement it, but it seems pretty doomed internally just based on the way offices function.
Morgan Stanley has a pool don't they?
BofA / Merrill Group Selection (Originally Posted: 03/09/2009)
I am just wondering what the best groups at the combined Bank of America / Merrill Lynch will be for this upcoming summer.
note. stay away from LevFin
LeggoMyGekko, are you currently an analyst?
He's just someone who has no life, and makes 100 post in a matter of a week because he "knows" the industry, because he has "friends" who are in it. Yet he spends more time on here then most.... Anywhooo I would wait till someone who is working in the industry, or did a internship there last summer, gives you some solid advice.
I agree, its hard to say. But, I would add industrials to that group.
Mainstreet_Wall: Nope. You're right. I apologize that I wasn't clear on where I've gotten my opinions/facts, but should be careful where you spit your bullshit if you don't have anything to add.
Continuation from my post: Not an analyst. I'm simply a jr SA.
Worked as a soph SA though (not in LevFin), but worked pretty close to them. Now I can repeat what others have said, and say that their jr bankers left very early due to a lack of work, which I completely agree with. I recently went to another BB to speak to their levfin group, and got similar views.
Their work doesn't add as much value as it used to. Their work is primarily being used as supportive material - to give a football field view of the valuations possible, and no longer is given as much weight as it had gotten in the past.
Now, this is coming from a jr SA. And I'm sure others have different views. Mainstreet_Wall... any comments?
Very well put and semi informative, however I would take this only as hearsay, but still something to consider. It's nothing personal Leggo, you prob are a cool kid, but still just somethings about you makes me think... anywayssss I wonder if anyone from ML can comment?
Yeah the LevFin team at my bank was leaving between 5-7 pm last summer, and that was before the credit markets got as bad as they are now...
Now I know that BoA ML tech takes a backseat to GS and MS, but how does that particular group (NY and West Coast) compare to other groups within the firm?
What are the generalizations that can be made about the group and or the bankers in the group from the perspective of within the firm?
i heard real estate was good and i hear that DCM is good.
to whoever asked about West Coast Tech, it's all Legacy ML and is a solid group (behind GS, MS, and on par with JPM & CS. M&A, Healthcare, Multi-Industry are all still very strong. All are dominated by legacy ML guys, except for Healthcare. Feel free to ask more specific questions. All will give you a solid experience.
NM
Can anyone provide info on the IB energy/power group at combined b of a/Merrill?
Research is ranked #2 (well at least ML was, based on II) but I'm guessing this is for IB - its gonna take some time before people know what groups do well, lots of integration left
There is probably space at the senior mgmt. levels given that no one is going to want to work for 0 bonus.
Analysts might make more than MDs at the rate we're going - you could offer to trade places with them
Have any of you heard from HR about start dates / group selection? AFAIK, HR has not communicated anything to anybody other than "you should hear shortly." Specifically, interested in Merrill and full time start dates.
I emailed them last week, and they said I should hear back sometime in the next two weeks. She said, the start date will probably be the 8th, but I don't know if that includes the training week or not.
as per my contact for SA the start date is the June 8th... FA I have no clue sorry
Best desk at BAML (Originally Posted: 12/24/2013)
Hi all,
was just wondering if anyone had any knowledge of BAML's strengths within its Global Markets division? I am particulalry interested in EM FX/Rates and Credit.
Cheers
Any insight guys?
No clue about what BAML is good at...but they're not as good as GS, JPM, or Citi in FICC so shoot for those 3 if you are interested in what you said above. Sorry-I don't have much detail on baml but just from talking to people on the street this past semester....you don't want to go there.
lol, absolute nonsense. I wish I could give some insight but don't know very many guys at BAML. But it's a solid place, don't listen to a kid like this.
Jesus Christ shut the fuk up kid. You are clearly in school and have no real life experience. BAML is top 3 in credit you moron.
EVERYONE ON THIS SITE: Stop speculating if you are a student or have no real experience. You are doing a disservice to everyone by spreading inaccurate information!!!
Choose the desk closest to the elevator, bathroom, pantry, or window.
Ilike the research and insights coming out of those desks but the particular desks you mentioned are pretty small compared to MS/JPM/GS/Citi. On the good note, those desks are growing...
Second on ignoring the nonsense post from Prangs. Strong commitment to EM at BAML- would rate their research team tops or second to JPM. Good deck of experienced salesmen and large global presence. Most of the traders i've spoken with their are pretty solid as well. Not surprisingly they are mostly ex ML people. Solid shop that is particularly strong in LatAM macro products.
Interesting thanks vaga, that isn't the first time I've heard there LatAm presence is strong. How would you rate there EM FICC team vs. MS, however? (I have offers from both)
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