Bank of America Exit Opps
I'm curious what the usual exits from BofA looks like. I know M&A/FSG are the top groups, but let's supposed I end up with a coverage group like TMT/HC, what would the exits be looking like?
Tried to scrape off of LinkedIn but it seems like most exits are from the M&A group. I'm not dead set on PE, I just want to explore more on my options if I end up in a coverage groups. Honestly, pretty curious to hear about the exits from all the coverage groups: NET, Consumer, etc.
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I've heard C&R is one of their top groups but no clue about exits
C&R is one of the best groups at BofA, would highly recommend
I'm noticing more and more posts from users really praising BofA C&R... assuming it's not sarcasm. I still get texts on a weekly basis from old coworkers who still work in that group complaining about how far the group has fallen in the last year (mainly from the mass exit of talent, pay and for all of the other reasons discussed on this forum for BofA). Either my old coworkers are the only ones with this negative experience or we have a bot haha. Both of which are sad.
Do you know what groups to rank (outside of M&A/FSG) or avoid then? Any insights would be helpful
Roommate was at BofA in one of the TMT/HC groups you mentioned. A lot of it is self-selection. He saw a wide range of UMM looks and even some MF opportunities from headhunters, ending up at a UMM. The top groups might get marginally better access (maybe a few more MF seats), but from an opportunity-set perspective the mid-tier groups are completely fine. By mid-tier I basically mean any reputable coverage/product team in their coverage areas but not top. If you are at a group that simply has no deal flow, it might be a problem. if what I heard is correct, the good analysts at his group got a few deals under their belt.
By self-selection what I mean is that the kids who are laser-focused on PE and over-prepare for on-cycle tend to cluster in M&A/FSG, which creates a virtuous cycle in outcomes and reinforces the perception that those are the only paths for PE.
Thanks so much for the info. The people at my school made it sound like I'll be jobless if I sign BofA lol
The prestige ranking obsession at some schools is honestly ridiculous. There are kids from DB-type platforms who end up at strong UMM funds and kids from GS TMT who land somewhere less prestigous. Being at a top group helps, but all it really gives you is a wider opportunity set, you still have to execute.
Careers rarely go according to plan. People get unlucky, people pivot and interests change as people better discover their interests and strengths. There isn’t some universal golden path that is a good fit for everyone. What actually compounds is becoming good at what you do and building judgment. The best job for you is usually the one you’re good at and don’t hate doing.
This is a long game and it’s very non-linear. You’d be surprised how many unexpected doors open over time. At the end of the day, you have to be the one optimizing for your own goals because no one else will do it for you. Prestige is useful for optionality, but optionality doesn’t pay, specialization and being excellent at something does.
Someone wanna make a tier list for BofA groups here? Lmao 😂
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