BAML reputation
Does BAML have a good rep for IB? Are they well regarded by PE firms when it comes to taking analysts? Thanks
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yes they are good. Probably one tier below MS and GS.
Very strong financing shop
LevFin, DCM, ECM, all very strong (always in top 5 if not 3)
Weak (relative to other top BBs) M&A shop
Lots of red tape internally
I wanna do M&A for best exit opps lol is it that bad
Whoever is giving MS to someone who was at BofA for years opining on their strengths and weaknesses is comedic gold
No way you said they have weak M&A that is arguably their best group. MS is the only BB that might have a better M&A group.
Think he’s referring to weak M&A deal flow generated from the coverage groups. Focus on learning your technicals for now bud.
Del
Firmly in the #4 spot after GS, MS and JPM. Plenty of solid teams, pretty good culture compared to peer banks (somewhat group dependent), a bit worse deal flow though, still decent though.
Does Citi not exist to you something
I would pick Mizuho over the dumpster fire bank called Citi right now.
They’ve damaged their reputation pretty bad. Not a bad bank but not trending up right now.
M&A and FSG always place well
Looks like you didn’t get a baml offer
Your mother's well regarded by the boys when it comes to taking anal
What has this site even turned into
BofA REGAL, LevFin, DCM, and Sponsors are all very strong. Have heard their M&A and HC are absolute sweatshops but only anecdotal. I would be quite happy with a BofA SA offer!
How bad is Healthcare?
I work there. If you’re an analyst strictly coming in for exit opps, it’s not a bad group to be in. Decent buyside placement across the board and good overall rep. Whoever said their M&A team has a bad reputation is an idiot. If anything, ECM has the worst reputation of the product teams. Culture is OK.
Downside: the pay is SIGNIFICANTLY below street and there’s a lot of red tape. And they don’t fire anyone so there are lots of buffoons running around who cannot tie their own shoes. I could go on and on about the structural problems with their IB practice. But if you’re just 2 years and out, this all largely doesn’t matter.
could you expand on comp? Like bad bonus?
Yes. Awful bonuses, way below street. The only banks that paid on par with BofA were citi and Barclays, and those banks are in absolute disarray.
Deal flow is pretty good in most groups but be ready to get reamed comp wise
The place is a mess but benefits from deal flow as they are big and excellent at debt financing. M&A happens because of balance sheet and ECM is at best 2nd or 3rd tier
How is the healthcare team?
Solid firm, but absolute SHIT pay
Whoever is saying that BAML M&A is rubbish - doesn't know what they are talking about. Can dickheads with no banking experience / an internship / 1-2 years of experience please stop opining on things they know little to zero about.
Pay is shit vs other BBs. But in a tough hiring climate I'd snap their hand off if I was an intern looking for their first IB gig.
What is incredibly ironic on this forum - is the people on this thread talking about a good culture. When a month or two ago BAML was being touted as being akin to Hitler in it's culture because of the tragic death of the associate in FIG. This forum seems to forget things quickly.......
Agree with the sentiment, but the posts made on this thread about the culture were before the associate’s death. It’s gotten way worse lately, for what it’s worth.
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