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coverthis's picture

Full Time Offer Status at ML or BofA?

by coverthis (Baboon, 117 Banana Points Points) on 9/14/08 at 9:58pm

So... if you did your summer at BofA or ML and got a full time offer... what are the odds of keeping it?

I would think the groups that BofA is strong in like HC and Debt would be eliminated from ML....

anyone have insight on this?

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arcanne's picture

Too early to tell.

by arcanne (Orangutan, 315 Banana Points Points) on 9/14/08 at 10:06pm

Too early to tell.

bearing's picture

Yeah hopefully it is still

by bearing (Orangutan, 252 Banana Points Points) on 9/14/08 at 10:09pm

Yeah hopefully it is still secure as there is very little overlap between ML and BoA. BoA securities is very weak compared to ML.

Investor1's picture

It is too early to tell. I'm

by Investor1 (Senior Monkey, 87 Banana Points Points) on 9/14/08 at 10:22pm

It is too early to tell. I'm almost positive there will be some overlap and both companies will lay-off many, many employees.

Merrill's Global Private Client might see some offers revoked because even though they have an ungodly number of brokers, Bank of America acquired U.S. Trust and its army of wealth advisors not too long ago. This only added to the exisiting Bank of America wealth management unit.

Investor1's picture

Merrill's Equity Research is

by Investor1 (Senior Monkey, 87 Banana Points Points) on 9/14/08 at 10:29pm

Merrill's Equity Research is quite strong whereas BoA is particularly weak in that area. Only time will tell.

I still can't believe what the fuck happened today!