Haven’t seen an updated group ranking for BofA in a while. Incoming SA 26 interested to hear everyone’s thoughts. Know M&A and FSG are top groups but am wondering beyond that.
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Bumping
Industrial has to be one of em
I’d steer clear of that group. Deal flow has fallen off a cliff and all the good ASOs/VPs are quitting at an insane rate due to very below market pay. A few psychopathic seniors that wreck lives. Very sweaty group with very little payoff, it’s a shell of what it was 3 years ago.
Would go with M&A, FSG, or C&R. M&A is a great experience in terms of modeling and understanding how to execute deals. FSG does modeling in house as well, and WLB is decent from what I hear. Same with C&R, good culture/WLB and top shop on the street. Heard that group can get very political though with DEI etc.
Sounds great, thank you! Do you have any insights into TMT? Know PA office did the google-wiz deal but unsure of the strength of the NYC office.
Del
bro ur a high schooler why do you keep giving opinions LMAO thats like me giving opinions as an intern but somehow even worse
M&A now clear 1. FSG lost their group head and have very little deal flow. Return rates were ~70% last summer and they just laid off 2/8 first year analysts. Exits are nowhere near where they used to be. M&A is complete opposite.
Any color on HC/NET?
Think NET is pretty underrated on this forum. In house modeling so you get technical exposure, and pretty solid exits, albeit generally only to infra shops (GIP, Stonepeak, etc…). Downside is that with the modeling comes a bit of a sweaty experience, can definitely be a grind compared to some of the other groups.
Any color on TMT / LevFin / REGL?
BofA LevFin is a top group if you're interested in anything debt related
bump
EGRC gets flack on this site but it is a group that is on the up and up. Continuing to hire senior bankers.
EGRC gets flack on this site but it is a group that is on the up and up. Continuing to hire senior bankers.
Avoid at literally all costs (if you are placed here immediately re recruit). They just did mass mass layoffs as they continue to hire while continuing to lose deal flow. Group is around ~230 now, wouldn’t be surprised if they try to trim to 100 in the next few years
I don't think you know what you are talking about sorry. The bank did mass layoffs in every group, not just EGRC so don't talk as if EGRC was targeted particularly. The exit options for this group for juniors have been excellent and you get great deal experience here. Yes, deal sizes are smaller but you get more opportunities to drive the process because the clients are smaller. Group is large because coverage is for the entire country and this group is Moynihan's focus to revitalize the investment bank.
Any details on healthcare or TMT
TMT has been doing well, though tech is based in PA I think. Just did Google - Wiz and heard they made some good hires after the exodus a few years ago.
Only worth doing TMT if you go Palo Alto. NY does zero M&A
Hasn't been true this year. Several of the big TMT deals were out of NYC, albeit single analyst was on all of them, so not sure what the other analysts get there
I am a junior in college still but when I was looking for summer internships I discovered that BofA's PubFin is the best bank for PubFin, not sure if this helps or not but seems like they dominate in that space so maybe look into that
Should say I did not land the gig, just what I learned while studying for hirevue/interview stuff
Any idea on HC?
Bump
bump
how does the group placement process look like? any tips for M&A and FSG? how’s the culture wlb like in these two groups?
FIG
Good options:
Avoid:
EGRC should be in the good options category. A lot of top performers in that group and you get lean deal teams working on middle market deals.
Literally everything in your post is false lol
TMT SF is also horrible. Worst bonuses in the city with only capital raise deals.
GIG imploded. The only associates/VPs left either I) have visa issues or ii) don’t have enough reps yet and can’t leave as easily. Anyone who satisfied those two conditions left for more pay, better WLB, or in most cases both.
Agreed, the others here have no idea what they are talking about. EGRC is where you go if you can't get any other group. All of our bum associates and VPs get moved there
REGL is falling off
Most of their strong groups fell off the past few years. FSG and C&R as well
Care to elaborate? Curious
How about FIG?
How about FIG?
How about FIG?
Asset management coverage seems chill - and good MD
The other verticals, and most of their senior bankers, suck
This is literally known as the most toxic and sweaty vertical in the entire bank.
Avoid. Needs to be consequences for killing an associate
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