BofA London Best Sector Teams for Balance of Culture & Deal Exposure?

Hi all,

Incoming IB summer analyst at BofA London here. I’ve gone through a bunch of the older WSO threads on team preferences, but the advice seems pretty conflicting depending on the year and who comments; so hoping to get a more up‑to‑date view.

I’m trying to figure out which sector groups at BofA London offer the best overall balance between:

Prestige / quality of exits (PE)
Culture and work‑life sustainability
Exposure to live dealflow (not just pitching)

Based on what I’ve gathered so far, Industrials and Healthcare seem to be consistently strong across most dimensions. I also saw that BofA has been actively hiring senior talent into TMT, so I’m wondering whether the team has gained momentum recently and whether it’s now considered a top option as well.

For anyone with recent experience (current analysts, interns, or people who lateralled out):
How would you rank Industrials / Healthcare / TMT at BofA London in terms of exits, culture, and dealflow?
Any other teams I should be considering?

Thanks in advance, any real insights appreciated.

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4 Comments

CreditDefaultSwap_69

IB

7mo

Most Helpful

Did the internship there last year ~ some thoughts..

HC is great, but lots of it is how you will fit in wrt culture of the rest of the team vs. how much you know about the sector. If you see yourself fitting in, would be a great option as gives the best of both worlds in terms of wlb (in relative terms) and strong deal flow.
TMT is pretty dead in terms of deal flow, lots of it was origination / pitching with little to no live deals. Exits to other banks / growth equity have been known to happen. Not sure how/if this will change post new hires albeit it probably will be a fundamental change imo
Industrials is probably the best of both worlds, if you want to remain a generalist since the coverage is large and includes infrastructure, business services so you probably get the widest exposure. Hours are long, and you can easily get stuck working in sectors you dont like for long periods.
M&A / FSG: Keeps you generalist, good combination of process and modelling work - probably most amount of deal flow given most of their work is execution based. But with FSG you need to do LevFin/refinancing tuff so technically you become quite sound but it does get boring if you're not into that.

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Excel VBA Find

PE

Intern in PE - LBOs

6mo

Is industrials still one of the best? Heard deal flow slowed down this year, but I have no idea, so wanted to confirm

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Authored by: Certified Private Equity Professional - 3rd+ Year AnalystCertified Private Equity Pro

NP

Prospect in Non-profit

6mo

Off topic but how long did BofA take to get back to you guys after AC?

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IB

Intern in IB-M&A

2mo

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BofA London Best Sector Teams for Balance of Culture & Deal Exposure?

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