BofA LevFin
I have heard people receiving alumni calls and ACs for IB and CapMarkets summer internships, but nothing so far for levfin. Anyone care to share any updates on this? (London)
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Hi Intern in IB - Gen, no, I never sleep and so I can respond to any lonely threads (like this one) at all hours of the night. Impressive, I know ;-)
More suggestions...
I hope those threads give you a bit more insight.
I've also applied to Levfin SA. Haven't heard anything. Happy to hear people didn't, I thought I got dinged lol
Did you get the email that your application is under review?
Yep true, I received that email a week or two ago
Should be an interesting next few weeks ig, good luck with your app/recruiting mate
I don't think recruiting for LevFin follows the same timeline as IB or Capital markets; also SA21 recruiting last year was a mess.
I applied as soon as they opened, in mid-October I was told that applications for LevFin were no longer open and I was encouraged to apply to the regular IB program (too bad they told me after ACs for IB were already out). Later in February 2021, I received an email from an associate in the LevFin team to schedule a first-round interview for a SA position.
Edit: This is for London; a friend of mine was in the process for DCM and he had a similar experience/timeline
Tbf they are running a whole separate process as a relatively small group, wouldn't expect it to be the smoothest esp if it's the first time. Could you share any more details on how they structured it last year?
When they reached out in February I'd already accepted another offer so I didn't go through the process. My friend in DCM (I assume the processes are similar) did a 1st round (one 30min interview) and then AC (not sure how many interviews or if there was a case study).
Thanks for the insights, around which month are the ACs for other divisions like Global Research released?
Did not interview for BofA IB (nor Global Research for that matter), from what I can remember they did most 1st rounds in Sept. and then ACs in October (someone in last year's megathread mentioned they were doing one AC per week throughout October, but I'm not sure how accurate that is)
Anyone’s thoughts on the interviews? How technical did it get
I had my first PI for the London LevFin SA yesterday. I was interviewed by someone from the Paris office, which I found weird. I’m French and studying in a French school so that might be why. It was a bit technical but nothing too crazy. Got some questions about LBOs and some basic accounting. Also, a bit about debt products. But then again, it might be completely different if your interviewer is based in London. From my experience, London interviewers are way more focused on fit and motivation, that’s why I’m really hoping to get someone from there for my next rounds (assuming i passed the first one haha)
My friend interviewed with them. Sounded quite technical compared to other interviews we’ve been in the process for but I guess it makes sense because you’re recruiting for a specific group so they expect some level of comprehension
Has anyone heard back after 1st round?
Nothing yet, did mine about a week and a half ago. You?
Nope nothing yet
Had my first round yesterday. Associate told me they are going to finish shortlisting candidates for AC in the next week or two and we'll hear from HR.
Okay if I PM you?
-
Bump. Any updates?
Still (im)patiently waiting, hopefully something pops up this week
Still nothing after 1st round
Really? Can anyone else confirm
If you did an AC, have you heard back yet?
PM'd you
Has there only been one AC so far
afaik yeah
-
Don’t know if this is how it works, maybe undergrads and masters are done separately though?
Offers out
Are all offers out? Can anyone else confirm
could you pm me pls
Hi just really curious, what is the ideal time for BofA to call to give out offers ?I had my final round for IB on Friday and I am hoping to hear back today, just really anxious
did u hear back?
are/have you interviewed this year for LevFin?
Judging by the comments here, it wouldn’t be unreasonable to believe offers are sent out ~10 days after AC?
Nervous because I’m hearing people from DCM/ECM receive offers the following Monday :)
Levfin are the only team that run their own process separately (ECM/DCM have multiple region/industry teams involved in the process), and their timelines usually vary. For summer 2021 they told everyone to fuck off initially and then asked people in March if they’re still interested. For summer 2022 the process was smoother (AC on 3rd, offer on 10th) although things are a little different and they simply may not fully know who/how many ppl they want with everything going on right now. Just for reference they took 7 interns this year and converted all 7 - JP’s levfin team is considerably larger and they took 6 interns. Keep your head up, hopefully you’ll get the call soon.
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