Will be interning at BofA in a non-NYC city in IB. My family is all moving to east coast and have extended family in NYC so interested in being near them for full-time. Is it hard to move from non-NYC SA to NYC FT at Bank of America? Are they receptive to things like this or should I just stay in my group which I do like and then look to lateral down the road? Any insight would be appreciated!
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It really depends. Had a friend summered at a regional office (IB), then moved to the same coverage team in New York. They shared the work so location didn’t matter as much, probably why they let that friend go.
I interned at BofA in a regional office last summer. I tried to go through the formal mobility process @ the end of the summer but it was super random, they said they could place me in NYC but group would be whatever had space. I ended up just going to a different firm. However, I know of people who interned at regional offices and networked with BofA NYC groups over the summer to get contingent offers (essentially like “if you get a return offer at your regional office, you have an offer to come to this group in NYC”) and ended up going to those specific groups. That would be the way to go in my opinion if you want to have guaranteed group placement in New York.
Thanks for sharing - incredibly insightful! Couple questions:
1) is BAML non-NYC -> other NYC IB difficult if you come from good school?
2) is BAML okay with networking with NYC office if I’m in non-NYC? Or is it looked down upon?
3) how formal is mobility process? Do you just submit name and groups and get placed?
Thank you so much for the info!
Great questions:
1) I don’t come from a good school honestly, so I don’t know. I had to really lean on my network, and I was personally too nervous to network while I was working for BAML so it was a really rapid networking/interviewing effort in the two weeks I had to accept my BAML return. I imagine coming from a good school would help!
2) I was always encouraged to speak with anyone I was working with in different groups just to learn, but I didn’t talk to others about moving to their group. I’d imagine you’d want to be careful about being obvious until you have an offer? But I didn’t go this route so I don’t know.
3) The mobility process, as it was presented to me by HR when I asked, seems pretty low-key, I told my HR person that I was interested in going to New York and she asked what groups I was interested in, but she was clear that it would be whatever group had space.
Hope that’s helpful, happy to answer any other questions!
Can I pm you?
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