BoFa shits the bed....
I can't get into to much detail, but I received a phone call this morning saying that I would now be working under Bofa rather then ML. Now I contacted my two contacts at ML (HR and a VP who thought I was cool) and the HR lady, she said that they just decided to split it up. The VP said, and I quote word for word, "Bofa took all the offers that we had extended before the merger and decided who they wanted and took them, I actually tried for you and ******(someone who also interviewed with him) and they said no."... is there anything I can do?
Please do not PM or email me because this is not the account I use, but rather wanted to remain Anonymous for obvious reasons. I'm really not happy about this and if anyone could post any advice that would be great. Also the "your fucked" or "haha" or "sucks to be you go to FML" really it isn't necessary and I just posted it for you.
Advice would be to quit being a tool. Its the same company and you have a job. I peg you for an ignorant, undeservingly pompous, overweight and definitely deutschey 1st year.
So, you are saying that the two investment banks are staying seperate and will "compete" against each other and form seperate teams in the same sectors?
At least BofA has a nicer building and you can find cheaper apartments up north and have a shorter commute to BofA's office.
Sorry, I don't have any advice for you, I am not sure if I completely understand what you are saying either.
Yes I do, but from what the OP wrote it sounds like they "split up" and are going to have seperate teams under BofA and ML. I just don't get exactly what he means by "split up".
Anyone who actually knows what the OP is talking about when referring to them "splitting up", please explain. This is the first I've heard of this, but it could mean a few different things in my mind.
I'm not sure it makes sense to me that the combined investment bank will have two "seperate teams", with overlapping industry groups. Perhaps different industry groups or capital market divisions could be under seperate BAC and MER corporate umbrellas, but that still does not seem to go along with anything they've said. Anyone have any actual knowledge of what this "split up" actually is?
you have an intact offer.. you are straight.
If its true that BofA "wanted" you, then you are their top choice.
You can always lateral over to ML after you start (may take some time for this whole mess to clear up), but as long as you have an offer, don't worry about it.
I assume you are going to NC?
The world has changed. And we must change with it.
Lateral from BAC to ML? Can somebody explain what is going on?
A bunch of uninformed gibberish, that is what is going on. They are the same company and are combining offices and rationalizing resources now. Maybe the OP was just misinformed, or maybe he really just has no idea what he is talking about
I have no idea what the OP is trying to convey.
It's the same damn company.
I think he was no idea what is going on and misunderstood what is taking place at BoA/ML. They are one company, with the combined investment banks operating as one. Perhaps teams will be split from original ML and BoA, but I highly doubt there will competition btw the two. The new analyst class is combined, so either explain yourself better or get your facts straight.
Perhaps the OP is trying to say he was placed on a team that is populated with legacy Banc of America securities people? Still, considering group placement has not yet occurred, this does seem like a nonsense post.
perhaps the OP is dumb. LOL, the merger closed. it's the same company now.. and I have a friend in IBD that says ML is moving into 1 Bryant Park (BofA's Time Square building) within the month.
Yeah I would hope you would like to hide for life and your identity never surfaces. Great post.
shouldn't you be happy you made it? Also what do you mean "tried for you"?
summer analyst class with be combined with boa/mer from what my recruiter said.
i work at ML... and this is the most ridiculous posting i've seen on this board in quite some time
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