BofA is hiring FIG analysts?
Just saw a posting for analyst at BofA. Are they finally hiring for FIG after all the backlash, or is it a preemptive move to reduce workload and stuff? And if they are, any color on the process?
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Career Resources
Based on the most helpful WSO content:
Hiring Status: BofA has been experiencing a decent amount of turnover and has increased headcount. However, there have been layoffs affecting less than 200 bankers globally as of February 2023. This indicates that while there may be some hiring, it could be part of a broader strategy to manage workload and balance staffing levels.
Group Insights: The BofA FIG group has seen improvements in work-life balance and culture. The fintech sub-vertical, in particular, has been highlighted for its deal flow and comps. However, the group has had a mixed performance in M&A deals, with some big deals at the end of 2020 and 2021 after a dry spell since 2018.
Hiring Process: Full-time hiring is mostly ad hoc and can be opaque. Banks often wait to hear back from their summer interns before making any hiring decisions. This means the process can be rolling, with multiple superdays for the same group. It's crucial to stay in touch with HR and analysts within the groups of interest.
For more detailed insights, you might want to check out the specific threads on WSO related to BofA FIG hiring and group performance.
Sources: Information on BofA FIG, BofA incoming FT offered mid-May part-time start. Accept?, The Best IBD SA OCR, Interviews and FT Offer Conversion Posts on WSO, Why Should I Work in FIG Investment Banking?, https://www.wallstreetoasis.com/forum/investment-banking/gs-layoffs-the-chopping-block?customgpt=1
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I know some folks exited before the end of their analysts program as FIG has been a nightmare both in the NY and London
Second this
Bump. Are super days out?
Just become a cop in Delaware, starting salary is $85k no OT, you get to date single to be mothers with 2 kids minimum and opportunity to rise to staff sergeant by the time you would’ve finished associate stint.
Where did you see this posting? i don’t see it on their website
Anyone heard back about second round?
Second round? I just received a first round this week
bump any update on process
Why would you want to interview for a group and firm with the name “America” and disrespects America’s Veterans.
This is very amusing.
I remember when this forum was in uproar and threatening to boycott BAML. I got pasted because I said it was generally limited to only a few groups that are that bad.
Now people are trying to recruit into the most notoriously bad team there?
The irony on this forum, Jesus Christ.
game is game
Loser mentality.
Dawg not everyone is lucky like you bro. Some people have no choice and BAML FIG is the best and ONLY option to elevate/save their career. #gameisgame
Fickle woke emotions are not worth taking seriously 😂
any updates after the modelling test?
Did you hear back? How'd you do
did modeling test yesterday. Have you heard back?
Bump - was it 3 statement with DCF? Heard a buddy say it was super FIG specific
Do they have different tests? Mine was a LBO
Anyone know what the modeling test was about?
90-minutes right?
Any updates on process?
Super days out???? (Ignore title)
Any updates??
Spot filled... smfh
Did the case study last week and got ghosted. Anyone hear back after?
Ignore title. Yea got ghosted after model test too. Buddy who interviewed for another group said it took him 2 weeks to hear back from model test at BofA
Thanks - hear back as in next steps or official rejection?
Confused because people are talking about super day / next steps already
Is this for FT or lateral?
both
Superdays out?
bump
Role was filled internally, per usual. gg boys
How do you know this?
Know someone internally in a diff team
any update after r2?
R2 as in case study or chat after the case study?
after the case
Is there a case study after the model test?
case as in modeling test, had another interview after that
This is mostly allocation / hiring for the banks team. The fintech team is moving to TMT. No first year analyst or associate selected banks vertical as a first choice…I wouldn’t go unless those UMB MDs were off the team.
Thank you bro, glad I got cut
Why is the fintech team moving to the TMT team? Curious, interested in Fintech IB.
Anyone had round 4 this week has heard back?
What's round 4?
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