2nd interview IBD at Bank of America

Based on the most helpful WSO content, here's what you need to know about preparing for your 2nd round interview for an IB First Year Analyst (M&A) position at Bank of America in London:

Competency Interviews (30 minutes each)

1. Behavioral Questions:

   • Be prepared to discuss your background, strengths, weaknesses, and why you want to work in investment banking.
   • Demonstrate your understanding of what banking is and why you want to do it at Bank of America.
   • Cite examples of leadership, being a fast learner, attention to detail, and reliability.

2. Fit Questions:

   • Explain why you want to work at Bank of America over other banks.
   • Highlight your experiences and how they align with the bank's values and culture.
   • Be ready to discuss your career goals and how this position fits into your long-term plans.

Technical Case Interview (45 minutes)

1. Technical Knowledge:

   • Ensure you have a perfect understanding of accounting, DCF (Discounted Cash Flow), and Comps (Comparable Company Analysis).
   • Have a good understanding of LBOs (Leveraged Buyouts) and M&A (Mergers and Acquisitions) concepts.
   • Be prepared to answer questions on WACC (Weighted Average Cost of Capital) and walk through a DCF model.

2. Case Study:

   • You may be given a company or business idea to analyze within a set timeframe.
   • Provide recommendations based on your analysis, demonstrating your ability to apply technical knowledge to real-life scenarios.

Additional Tips

• Resources: Utilize guides such as the 400 M&I question guide, Rosenbaum & Pearl's M&A and LevFin guide, and other technical preparation materials.
• Practice: Mock interviews and case studies can be very helpful in preparing for the technical aspects of the interview.

For more detailed preparation, you can refer to the following resources: - https://www.wallstreetoasis.com/forum/investment-banking/20-most-freque…</a">20 Most Frequently Asked Questions - London Edition - https://www.wallstreetoasis.com/forum/investment-banking/ug-recruiting-…</a">UG Recruiting Part II: The first round interview

Good luck with your interview!

Sources: UG Recruiting Part II: The first round interview, 20 Most Frequently Asked Questions - London Edition, Guide for Investment Banking Full-Time Recruiting, https://www.wallstreetoasis.com/forum/investment-banking/non-target-to-bb-ib-sa?customgpt=1, Q&A: 3rd year analyst at a boutique PE fund in the SEA region