Best groups at BofA
Curious to hear answers here with regards to both exits and WLB. Thanks in advance for the advice and help.
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I think most groups in BofA are group - obviously levfin - M&A probably
coverage - HC and CR are number 1/2?
heard EGRC is pretty neat
HC doesn’t come close to REGAL
Any perspective you can offer on EGRC? I am in DCM and looking to move to the group. Eventually, would like to do MM PE or growth PE
Levfin, FSG
C&R, HC
Does this mean consumer and retail lev fin and fsg healthcare are the best?
Top: all of them
True, most of them are good but would say NatRes and TMT punch below their weight vs. other BBs.
TMT is consistently 4th in league tables behind GS, MS, JPM.
Thoughts on FIG? Both NYC and London
Terrible group with terrible culture, stay away!
Would you have more intel?
this is just FIG in general lol
Biggest asshole MDs on planet earth. By far one of the sweatiest groups on the street.
For WLB / great culture, Sponsors and TMT
Any insight on industrials?
Solid
Wut about Palo Alto tech coverage
Lost a lot of their top guys to CVP.
But didn’t CVP lost a lot to Tidal haha
True, but most of the clients stayed with BofA. For example, the RM who owned salesforce relationship left but they still use BofA for advisor. Some client losses for sure but could have been much worse. Team still seems to be doing well.
What about bofa latam coverage
Very good team, but very sweaty given how much they cover. My team’s gotten a few A2As from that team and they said our team was chill compared to the LatAm team and were known for being sweaty. Those guys are absolute tanks though, top bucket for sure.
regl is top of street has great RE exits and the ppl are dope but it is pretty sweaty
REGAL is obviously the top. M&A probably second but the group is notoriously sweaty and hours are brutal
Blatantly wrong. Sure REGAL places lights out into MF REPE, but let’s be honest — MF PE is exponentially more competitive than REPE. FSG and M&A are almost always the most competitive/in highest demand for placement. To put in perspective, group placement, exit opps, and deal flow almost always correspond to the following. (WLB and Culture not factored in). Source: roommate and best friend are A2As at BofA
FSG / M&A
LevFin / C&R
REGAL / HC
TMT / Industrials
EGRC / FIG / NatRes
Are EGRC and Natresources that tough from a exit opp standpoint? also curios if you have any info on WLB/culture.
What do the slashes mean? Like a subset of the larger group?
im in the process of trying to lateral - do you have an opinion on the best vertical for lev fin?
Solid list but I'd base it on more than 'exits.' Current alum told me current A2 M&A group only had 5/30 place on cycle
This is a really bad list LevFin above REGAL? REGAL on the same ranking as HC? REGAL is either tier 1 or at worst tier 2. TMT above FIG and EGRC? The TMT practice is terrible. EGRC is fantastic given they focus on mainly M&A deals given their clients usually can't raise debt and are often private. Sure, the businesses are "smaller" but the M&A skillset you learn is fantastic.
Real list would go:
FSG / M&A / REGAL
LevFin / C&R / Industrials
HC / FIG / EGRC
NetRes
...
TMT
M&A and Power coming in dead last on the WLB component though
How does Power place, networked with a few in the group and seemed like they were enjoying it.
Not placing well from what I’ve seen
Fsg, Regl, M&A, Levfin for best exits
Sponsors I've heard has a great wlb
Regl/M&A are known to be the sweatiest groups at the firm but place extremely well into PE
Any insight of lev fin specifically, what would be the best group to work with for a seasoned analyst / 1st year associate?
Lev fin is good but headcount just got "reallocated". Roughly 1/3 of headcount (maybe less) just got moved to whole sale credit last week, including several of the lev fin bankers i was working with on deals, really annoying. I am not sure what morale is like there now.
Maybe someone from the team can share more insight on what happened.
*based on exits*
Product side fsg > m&a = levfin
Coverage side regal > cnr/hc > rest
At the end of the day if you want to hit a mf/umm it's on you as a candidate and the groups can only take you so far. On cycle is way too early and nobody really has deal experience outside of their summer internship role
Any opinion on the best verticals in lev fin?
Any opinion on nyc bs Charlotte office?
My buddy works in the regl group at bofa and recently signed at a megafund. Culture is great but the hours are absolutely brutal and is one of the sweatiest groups at the firm. Exits are obviously for repe and its difficult to recruit corporate pe from the group. M&A and sponsors I've heard are great as well.
BofA TMT is an internal joke, only does financings and leverages that to get M&A credit without doing shit. Can't remember the last successful exclusive sell side they did .. all the gud MDs have left (latest Ron)Heard from my batchmate that culture is absolutely terrible (I mean on top of the usual IB terribleness)Levfin by far is the best group, HC is good as wellM&A is so so.. all others are mid bucket
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