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!

102 Comments
 

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.

 

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

 

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?

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