BofA ny generalist vs. Jefferies sf TMT
Deciding between the two, would be super grateful for any insight on reps/comp/deal flow or group placement process for bofa? Thanks so much!
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Bump
You hear about the bofa layoffs? Heard they’re cutting intern classes after next summer
Can you elaborate on this
He’s bullshitting lmao. Go BofA unless you want west coast exits
This is absolute BS. My friend got begged from the MD to do a superday. They did layoff, but remember, they were THE LAST bank to try to layoff bankers compared to other BBs and EBs, showing that laying off is their last resort.
JEFF SF in this environment. Double check though what the return offer rate will look like. However, I know it is a growing platform.
Curious as to why?
Team and deal sizes are definitely growing, but the deal sizes are not even close to BofA NYC unless you look at EGRC. The biggest deal they closed is probably less than 5B. I'm confident that BofA NYC is still going to get you more deals on your resume.
if you're not in M&A at bofa, you'll never touch a model. probably bigger interesting deals but bit of a crapshoot from an analyst experience perspective
Lol, this is not remotely true. Still a good amount of modeling in most coverage groups. Yes, M&A often leads but most decent A&As I know have worked on deal related models at some point. Sometimes just because M&A is jammed and they just give you a VP/director to review the coverage groups work
It’s really a toss up. I was at BofA for almost 5 years. About half of the analysts/associates got good modeling experience in my old coverage group, the other half don’t know how to do simple debt pay down models, acc/dil, etc and spent all their time doing profiles, strips, benchmarking pages.
I go to a semi target and target school for BofA. I didn't place at BofA, but every group there seems to be nice. Doesn't have the hottest bullpen but WLB there is generally a bit better (unless you getting grilled at M&A) cuz it has the if you do your work you're good culture. Other than that, exits at any group at BofA (maybe except EGRC) is better.
I would choose BofA NYC honestly. The news about layoffs and all shit, BofA is like one of the last banks to do any layoffs. They didn't layoff during COVID and the inflation while everyone did, and is just doing it now because they do want to keep everyone with them. And I heard not all where layoffs but gave offers to transfer to different departments like corporate banking or commercial banking as options.
Spoken to some people in Jeff SF, but a lot seemed to be fratty to some extent, and most importantly, they don't have WFH at all and working on Sundays is like a thing.
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BofA NYC
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