BofA LA
Thoughts on BofA LA office? Not much data on LinkedIn / wso but would love to hear any fresh opinions on culture /comp / exits there in 2023
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Mainly just EGRC (read: west coast MM), with a decent FIG group and some other industries here and there (consumer, media, HC). They used to have a very strong industrials practice that covered basically all of BofA’s west coast large-cap industrial clients but that team moved to PWP years ago. I believe analysts are generalists.
horrible exits and culture from their office in LA
Can you please elaborate a bit on the culture?
pls explain
Spoke with a director there. He pretty much cut me off and said to go to the New York office.
Worked there - culture is very tight knit and the directors are killers. Way more chill than the new york office, but the seniors expect good work. Exits are top notch, especially if you want to go to growth. Last class exits included Ares & JMI - very supportive of on cycle recruiting
Those are not top-notch exits. Those firms literally hire out of undergrad. You don't even need banking. Directors are rude and a comment above seems to have the same consensus.
As the first commenter mentioned, the office used to be good pre-2018 but after the office head left and took a good portion of his team with him to start PWP LA, the office has been a shell of its former self.
Still a pretty good team, at least the guys I know there. The Global Executive Vice Chairman sits there (he oversees all the vice chairmen and regular executive vice chairmen across the bank, the vice chairman roles are the closest thing to partner at the BB's, not a partnership model but highly paid individuals above a regular MD / group head). Anyways, he has great relationships across tech and FIG, he does almost all of Bill Foley's deals (owns Vegas Golden Knights and a few other teams and businesses), he's done something like $200bn of transaction value with him over the years. He knows Elon pretty well so the bank is competitive on all those deals and just generally has a ton of high quality relationships. The team works hard but self-executes most deals (no M&A team), sometimes industry teams will supplement but LA will usually run the show. Almost everyone is sharp, both on a technical and industry level. They work with fewer clients than an average industry group but go in deep with those clients. A tight nit team but demanding seniors but not for stupid pointless work which they seem to do less of.
Maybe there is an EGRC team there now but not sure.
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