Got an offer recently still waiting for specifics but does anyone know the starting compensation and progression for this Program located In NYC. Also is this considered Middle office? Any other specific information would be helpful.
Thanks
| +308 | Evercore Intern Seizure | 42 | 22m |
| +56 | JPM M&A is Gone??? Purely Coverage Banking??? | 24 | 1h |
| +55 | Is DCM actually underrated ? | 22 | 2h |
| +47 | Are all Tech / TMT groups sweaty? | 37 | 38m |
| +45 | Losing my personality in Banking | 8 | 1h |
| +39 | Am I behind? 31 Year Old Analyst | 9 | 2d |
| +39 | Associate & Above IB exits | 16 | 2d |
| +31 | Incoming IB Analyst: Best Ways to Prepare? | 8 | 2d |
| +27 | Which groups are ideal for laterals? | 11 | 20h |
| +26 | Technical question prep for FT recruiting | 5 | 4d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
FT or SA? It's an MO role.
SA role
think internal monitoring and financial reporting. any MAP program within BAC is going to be internally facing and dealing with some sort of bank process.
do a search for bank of america fmap and go to the career site and you'll see
I was told I would be working within the Investment Banking business and not on a corporate level. Would that change my day-2-day tasks vs the corporate FMAP employees?
bump
Do people reply without any knowledge? FMAP is a back office gig - similar to JPM/MS Finance division.Working within the investment banking business just means your back office support for the IBer's
It's basically corporate finance, except for a bank
What do people do after the 2 year analyst program? I assume It would be to early to attempt to enter any credible MBA program. Also what is the pay? Ive seen a thread on here from people getting anywhere from 60k In Charlotte to 69K In Nyc? Is the salary similar to IB analyst programs with obviously smaller bonus?
For the SA program, they pay about $25/hour in NYC - the hours varies from group to group. Most people stay within the FMAP program after two years, its quite difficult to move around, especially in Bank of America. Full-time, surprisingly pays about 72k a year with signing bonus (i didn't believe it at first, but 3 people i know at my school told me that figure). This is in NYC btw.
bump
It's $72k, including signing bonus. $25 an hour is very standard for a MO/BO internship role.
I am a graduate- Depending on your role it can definitely be middle office, particuarly in the asset management space, as CFO there is highly integrated with the management team
Bank of America FMAP (Originally Posted: 10/09/2011)
Does anyone have any information on the Bank of America FMAP, salary, expectations, exit ops, etc?
thanks!
Probably more or less the same as all of the other F500 finance programs
BofA FMAP (Originally Posted: 02/23/2012)
Has anyone heard back regarding the FMAP program?
Just interviewed recently, they said within the next week and a half
my friend interviewed this week. hasnt heard back yet, but they said either tomorrow or monday. was it 1 round , two interviews for you guys as well?
Anybody know about BOA FMAP program? (Originally Posted: 06/05/2013)
Can any shed some light on the program? Exit ops after the 2 years? Compensation in NYC?
It's a CFO rotational program. Pipeline for talented, internal corporate finance mobility.
Do they start at 70 in nyc? Because I know they start at 60 for North Carolina
They pay 69k base and 3k signing bonus in NYC. Not sure about the end of year bonus. It is tough to network to move internally, since you'll be based at the World Financial Center, instead of OBP
Damn only 3k signing? Anybody have an idea of year end bonus? 69k is nice for middle office though.
Sed consequatur ea commodi itaque. Dolore modi incidunt blanditiis ut ipsam ratione necessitatibus. Omnis repellendus accusamus ratione rerum.
Non eos consequatur deserunt perferendis. Voluptatem a nesciunt officiis quam occaecati totam consequuntur maxime. Omnis sed laudantium sit officiis veniam vel. Iusto expedita et magnam maiores est omnis dolore qui. Quidem molestias omnis assumenda fugit vero. Dolorem magnam necessitatibus nemo omnis suscipit.
Amet molestiae expedita ut qui. Quae error eaque dignissimos porro dolorem. Quia quisquam deserunt velit totam rerum dicta. Dolores quaerat odio odio maxime aut repudiandae sequi.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Dicta provident nobis quasi voluptatum. Placeat ad aut et quas. Est quis deleniti maxime hic blanditiis aut consequatur.
Omnis et molestias quia id ea. Deserunt pariatur accusantium id inventore delectus. Veritatis rerum dolorum modi quod laboriosam. Amet est occaecati voluptas sapiente iusto eos.
Magni magnam quia reprehenderit qui maxime necessitatibus atque. Provident et repellat qui eligendi ab. Facere sed aut accusantium sequi explicabo nisi ducimus. Quis ut est in voluptatem ipsum.
Nostrum et deleniti aut nostrum. Quis vel eos eum laboriosam incidunt est quia. Autem consequuntur nulla laudantium voluptates tenetur tempora.