Bofa Falloff

Based on the most helpful WSO content, here are some insights:

1. Group Selection at BofA:

   • If you are in a solid group at BofA, you can still have good exit opportunities. Groups like M&A, TMT, and Industrials are large teams that place well and are relatively easier to get into because of their large headcount.

2. Recruiting for FT Elsewhere:

   • If you are not satisfied with your group or foresee potential problems regarding a return offer, it might be wise to spread your net as far as possible and target other firms for FT recruiting. Networking and scouting are key, as FT recruiting is mostly based on intern return rates and bank staffing needs.

3. Buyside Opportunities:

   • For buyside roles, certain elite groups like MS M&A or PJT RSSG provide a significant advantage in recruiting. However, most banking groups are "good enough" for any firm on the street, though they might not be as advantageous for top firms like Blackstone.

4. Lateral Moves:

   • Another strategy is to lateral 6-18 months into your time at BofA to a better bank, which can set up a stronger path for buyside recruiting. This can be a strategic move if you aim to position yourself better for top buyside roles.

5. Networking:

   • Networking is crucial. Building connections can significantly impact your chances during FT recruiting. It's important to target places you are genuinely interested in and can see yourself thriving.

In summary, if you are in a strong group at BofA, you should be fine. However, if you have concerns or want to maximize your chances for top buyside roles, consider recruiting for FT positions elsewhere or making a lateral move. Networking will be a key component of your strategy.

Sources: Accept mid-tier BB Offer or continue recruiting?, How to Navigate FT Recruiting: Learn from My Successes/Failures, Internal Lateraling Guide, 2020 FT IB Recruiting Thoughts, https://www.wallstreetoasis.com/forum/private-equity/going-from-mm-investment-bank-to-mega-fund?customgpt=1