BofA groups for best exits
Incoming summer analyst at Bank of America. Which groups should I target for the best private equity exits?
Incoming summer analyst at Bank of America. Which groups should I target for the best private equity exits?
Career Resources
FSG >= M&A / LevFin > coverage groups. Generally want exposure to modeling and quantitative analysis for best exit ops
Leverage That Finance
Merge & Acquire
This question has been answered many times before. Please learn how to use the search function
For BofA, you’ll see the most MF exits from the REGL group
I've heard the deez nuts group is pretty strong
Financial Sponsors pretty much lights out exit to MM/UMM/MFs. Similar, but to less extent for Lev Fin. REGL is great as well.
I would encourage you to check out some other threads on this but M&A / Financial Sponsors / Lev Fin - IE the product groups have the best exits. And REGAL gets great exits to real estate PE. If you want to do a coverage group - Regal & probably CNR are your best bets. FIG / E&P should be avoided at all costs.
by E&P, do you mean the natural resources group? Any particular reasons why?
Yes - that is what I mean. Group culture is very toxic, churn rate for analysts is high, and typically they do not rank well on the league tables either - so really a triple threat. If exit opps are all you’re solving for, nat resources wouldn’t be the optimal choice.
How is FIG? Looking to recruit there this upcoming summer since there are a lot of alum from my school
So - from a reputational stand-point, BofA is not strong in FIG - do not really win big deals since GS and I think JPM (or MS) are the owners of that sector.
Bright side is that the product teams only do modeling for financials businesses that are EBITDA based - so the team will likely pitch you on the fact that they do their own modeling (which is somewhat true). However, on the two FIG accounts I worked on during my time at BofA - I did all the modeling (both payments companies).
From my exposure working with them, the team seems pretty nice. But a friend of mine that just became an associate in the group hasn't been loving the culture.
Ut porro unde voluptatem laboriosam voluptatibus et. Voluptates et magnam omnis est et omnis doloribus consectetur.
Ea ipsam qui suscipit fugiat. Voluptatem cumque ipsum saepe aspernatur. Esse quia quam ipsa sunt repudiandae. Iusto consequatur maxime ad nihil optio.
Necessitatibus voluptatem molestias cumque nobis corporis corporis qui. Architecto est et laudantium qui sit dolores. Sunt cumque ipsum qui. Alias nostrum eos et. Eius quae iure adipisci id sapiente quae.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...