BofA Culture by Groups
I’ve heard that overall BofA has a strong culture but are there any groups that stand out? What are the groups with especially strong culture and the groups with shittiest culture?
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Analysts I've talked to so far in Healthcare are very nice, but I have heard the group is notorious for getting worked extremely hard. Constant pitches and that sort of deal. Have heard similar things about REGL, though I haven't spoken with many analysts there.
As someone who works in healthcare at a different but similar bank, i think that’s consistent across street. Every healthcare group gets worked non-stop and a lot of the work is capital raising focused
Buddy at REGL, its a complete and total sweatshop. Group does really well tho in terms of deal flow and exits
BofA LatAm has nutty hours.
Some perspectives on BofA's top groups (NYC):
FSG - Relaxed, least hours among all groups, very small analyst class (5-8), arguably has the best corporate PE exits
M&A - Fratty, long hours, great exits but second only to FSG
REGL - Junior people work very hard, but is the #1 REGL group on the street, so top exits and deal flow
LevFin - More capital markets facing than the other groups, slightly better hours than M&A and REGL, top 2 LevFin groups on the street. Send lots of kids to top credit funds each year, less so for PE
How are the return rates in these groups? All consistent?
Return rates are quite consistent. Once you have the internship offer, it's your job to lose
"C&R is the strongest group at the bank"-C&R Incoming Analyst
Yeah the number 1 team for shittiest culture (LDN)
Any perspective on Palo Alto group culture?
Healthcare is tough, but most top notch healthcare groups are. Can't really help it. I have heard that even though they work hard, everyone is pretty friendly. This info is dated by about a year, so not sure if anything changed since.
Does bofa have a tech group in NYC?
Yes they do. Palo Alto is Tech only, NY covers all of TMT.
Anyone know which groups hold the model?
M&A
REGL does M&A internally
...
It's not that cut and dry. Some deals FSG does. Some deals LevFin does. Some deals coverage does. It depends on the deal and the context... and I guarantee you every group does models of their own sort (you probably just aren't aware of what they do).
Plus, usually they do different parts of the model. Saying that one group only "holds the model" isn't even remotely accurate.
How is the culture of different teams in London?
London
FSG: Small team, tight bonds and exposure
NRG: Nice culture and light hours pre covid, great seniors
FIG: Large team, very good environment at the junior level, sweaty team
C&R: Face-time culture, very sweaty team
TMT: Growing team, nice culture, hours have been expanding as it kept winning mandates
Industrials: Sweaty team, good culture overall (similar to other industrials teams), very good associates to learn from
HC: Maybe the best culture? Drinks every friday, good WLB
M&A: Long hours, but has great associates & VP that truly expect you to speak-up and give responsibilities early on
REGL: "Small team", long hours, good culture
UK: Nice culture, great connections with UK Sponsors + corp brok
Leagues tables are usually 3-4 for every group (during last years it also got some 2nd pps) and exits are there (Bx, KKR, Apollo, Carlyle, EQT, Cinven...) so I would choose wisely according to your interests if you have an offer, exposure and exits wise you should not have problems if you are good
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Any insights on their TMT Palo Alto office? It seems like they are advising Salesforce on the Slack acquisition
Rising group but still a few leagues below GS/Qatalyst/MS and a few others in terms of exits and deal flow
Delete
^^ Bump. Also, what’re common TMT exit opps if not buy side. Is tech common?
In NYC
Bump - anyone have updated info on HC?
bump
bump
These BB culture threads are so silly. It’s IB, you’re gonna work long hours man, stop trying to figure out some unicorn group that teaches you modeling, has great exits but where you don’t work hard. Any front office group at any BB is a great place to start. Trust me, you’re not going to get multiple BB and EB offers, so just take the one you get.
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