BAML SA 2020 guide fellow BB interns

BofA being first in the queue started their virtual SA today (15th June) while the others mostly start on 6th July.

Can BAML interns keep giving inputs on how their WFH internships are functioning/evolving over time? Will be much helpful for us interns at other BBs to get an idea to be better prepared for our summer roles. Thank you so much!

 

NY IBD

3 weeks training -first week mostly bank culture -second week mostly accounting -third week mostly valuation Speaker events and panels throughout

3 weeks in group (potentially 5 weeks - TBD) -no live deal work (at least for my specific coverage group) -work assignments throughout 3 weeks, not sure specifics -interns have final presentation/project that seems like it will be the main determinant

Check ins with HR and several mentors in specific group throughout.

 

First 3 weeks = talks, culture, networking with mentors, team and buddies etc. We've got tons of projects it seems (only day 2 and we've been told of 3).

Weeks 4-8 (seems to be implied we are gonna have 8 weeks). On desk with teams. You have a manager, buddy, mentor.

They initially said that we will only have a 30 hours per week commitment before the internship but that seems like absolute bullshit. We've already been given a schedule for week 1 and its approx 50 hours, and on top of that we have projects to do with our team in our own time with seemingly no designated time throughout the day.

 

One you suck their dick, the other you suck each other's dick /s

 

LOL Maybe because you're in corporate banking? Our day started at 9am and ends at 6.00pm today, and we had a 15 minute break this morning, with no lunch break.

 

Essentially there’s this area in the app the bank made us download where we can post stuff. There are some kids that post stupid shit like “it is absolutely surreal to be able to have the opportunity to hear the CEO speak” and “I thoroughly enjoyed the session talking about eating healthy during the internship! I can’t wait to explore new food options to optimize my time this summer!” Just a bunch of kids trying to rub one off for HR

 

THANK GOD SOMEONE MENTIONED THIS. I was afraid everyone else thought this was normal. Was kinda afraid I'm joining a bank with a bunch of weirdos

 
Controversial

Many of them are non-target kids working in Credit & Wholesale/ GTS though. Can totally understand that kids from untraditional background often try too hard.

 

He’s not wrong. They blow up the feed wishing everyone a good morning and how they’re so excited for the programs. If you wake up to 20 kids wanking HR and they’re all in GTS/Wholesale you’d feel the same.

 

Someone in another BAML thread mentioned that almost all the interns would get return offers as long as they don't massively screw it up. The source is from the call of CEO with all the interns in NYC. I think it's fake, but can anyone justify this?

 

hey yes it’s true. not sure what the CEO meant but he did say that unless u do something terrible we want to welcome all of you. but, I don’t think that it’s the same as auto offers. I think it’s the same as years past where they have a high conversation rate

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (20) $385
  • Associates (88) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
kanon's picture
kanon
98.9
6
GameTheory's picture
GameTheory
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”