4 Comments
 
Most Helpful

Absolutely avoid. No doubt the worst group at bank of america and almost certainly a bottom tier group across the IB landscape. If you are a junior, you are pretty much doomed in there. You will never get to actually learn a sector well because the seniors are mostly generalists and when there is a deal the coverage groups take control while you become an administrative assistant. When the deal remains in the group, it is usually a $100mm poo deal that won't close. Very few juniors exit to a good opportunity and most end up being transferred to private wealth and commercial banking or they stay with the group because they become stuck. 

The senior bankers in this group are also bottom bucket players in IB. They spam hire a bunch because they need to show the market that they have a warm body in each city but almost all of them are throw aways from competing firms, bankers who were about to fired from coverage groups and old senile bankers who are trying to collect a few more dollars. They have like 100 senior bankers in the group and you will still rarely see a deal announced from this collection of zombie bankers.

 

My take is JPM does much better. Their middle market bankers are actually sector specialists so they know what they are covering and they actually hire talent to win instead of screw ups just to fill seats. A few years ago bank of america started shipping all the bottom bucket juniors and seniors from coverage groups into EGRC while JPM poached all the top talent from bank of america. 

 

Est nemo iure animi vero. Saepe veritatis quo adipisci deserunt quo. Reiciendis omnis saepe quaerat consectetur dolorum. Enim ducimus sunt voluptatem aut quo in.

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.9%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

September 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 03 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.3%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (53) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (15) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
dosk17's picture
dosk17
98.9
9
DrApeman's picture
DrApeman
98.9
10
bolo up's picture
bolo up
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...”