Looking for insights into culture at C&R group at BOFA London. So far, found here info that in general groups are oversaturated with analysts and associates (is this a case in London as well?), but what is the culture there, in particular at C&R?
| +178 | Americas M&A League Table Q2 Updated | 73 | 6h |
| +132 | New Article: Dramatic Slide as UBS #22 (US) & New Leadership Desperately Needed | 25 | 2d |
| +107 | Restructuring: Anti-climactic Experience | 26 | 5h |
| +74 | A COMPLETE GUIDE TO SUMMER INTERNSHIP RECRUITING | 12 | 1d |
| +69 | IB Net Worth / Savings Check | 28 | 7h |
| +51 | Boutique firm wants access to my LinkedIn? | 41 | 22h |
| +39 | Investment Banking is Hard | 17 | 17h |
| +29 | PWP vs BofA | 23 | 3m |
| +23 | Who pays the highest right now? | 14 | 4m |
| +21 | Excel macros for QOL formatting | 0 | 6d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Based on the most helpful WSO content, here are insights into the culture at the C&R group at BofA London:
For more detailed and specific insights, it might be beneficial to connect with current or former employees of the C&R group at BofA London.
Sources: IB in Los Angeles - banks, groups, culture?, Banks with best cultures, Guide to LA IB Scene (2023 Edition), Top groups at BOFA London, RANKING: BEST BULGE BRACKET CULTURE
65k base. No laptop first year as an analyst.
ah that's a bit strange, but do they provide them later on, like to analyst 2 etc?
Yes
Heard anecdotally it’s an absolute sweatshop.
The C&R junior bloat pertains to NYC, London is lean. Like most lean groups at BofA, they saw a lot of attrition this year due to being overworked/underpaid.
A friend works there. One of the smaller teams in the office but also one of the best. They have been doing very well and this is widely recognized within the bank. As mentioned above, definitely not bloated and have had some turnover at associate level last year (I think one guy left to CD&R and others to quite decent shops). Hours can be long but I wouldn’t say an “absolute sweatshop”. Culture seems to be good, working on weekends (full day) is the exception and the juniors are pretty close.
thanks, that's helpful
Interned at BofA this summer. Generally C&R London perceived as one of the stronger groups - both in terms of culture (monthly drinks, offsites) and deal flow. However, I was very interested in the luxury sector, so was disappointed it is mainly covered out of local/Italy office (despite them being on landmark deals)
Great that you mentioned that, thanks! What is the main focus of C&R at BOFA then?
I am actually also interested in the luxury sector in particular. Do you know any banks that have a strong luxury franchise?
Godman Sacs
The team has a broad set-up across verticals, maybe is strongest in grocery retail and consumer health
For any major situation you will have joint coverage across sector and country.
Italian (and French) offices are quite involved with luxury but one of the team heads also covers it and analysts/associates are definitely on deals
Really insightful, thank you! What do you mean by consumer health btw? I assumed that anything health-related is covered only by HC
Saw they hire FT Analyst on LinkedIn, any insights on process?
The first part is HireVue. Does anyone know what the next stages look like?
Any thoughts about FIG?
Bad culture, brutal hours based on what I heard , but good exits though
Thanks. Do you happen to know how the verticals are organized and whether culture/hours differ significantly per vertical?
Yes, hours are brutal due to the massive deal flow.
IDK, where you heard about the culture as the culture is really good.
Source: I interned there this summer.
Good exits, for example had TPG and Hg this year (speaking about London office).
They are structured in verticals (with a major and a minor for each analyst I believe), so you would have an assigned coverage space, for example insurance or asset management. Not sure if there is also some regional element to it (i.e. German vs Italian Insurance)
Culture is probably quite hardo and they are known to work very long hours. A lot of the juniors are nice though so potentially driven top down. Note that BofA is currently putting a lot of pressure on seniors to ensure people don’t work above 90 hours and there is increased monitoring. Scrutiny for FIG will probably be extra high. Remains to be seen how this shakes out: if there is any underreporting, how long it will last etc.
Thanks, appreciate your response. Do you happen to know if culture/hours differ by verticals?
anyone heard back from the hc analyst role
you mean getting the hirevue or the next steps?
hv
How long does it normally take to hear from BofA after submitting the HV?
Has anyone heard after submitting their HV, whether for C&R or HC?
any idea if the next step is TI or straight to AC?
You mean for FT?
TI for C&R FT are happening this week and early next week
Have you received an invite by any chance? I mean I initially applied for HC, but then got asked if also want to be considered for C&R and I said yes. It’s been quite a while as I applied immediately after the role appeared on their website but heard nothing after HV submission. Does it mean I got dinged?
Has anyone heard back for C&R after the TI
Sit voluptatem maxime molestiae aperiam tenetur dolorem. Dicta quod ex aut tenetur atque ut rerum.
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...
Quaerat et excepturi rem et. Ipsa aut accusamus alias. Error repudiandae molestiae quam et sint. Enim rem libero sapiente dolores adipisci. Qui aut exercitationem et quia et tenetur expedita.
Suscipit quis culpa voluptas placeat non aspernatur. Fugit sint dolorum id itaque. Ut facere natus in quibusdam sunt dicta. Incidunt ad ut ut quod molestias. Voluptas ut occaecati voluptas eos nisi qui. Eveniet ipsam et aut perferendis laboriosam recusandae.