Top groups at BOFA London
My question is which are the top groups at Bank of America in London, and if you had the chance to choose which one would you take
My question is which are the top groups at Bank of America in London, and if you had the chance to choose which one would you take
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Career Resources
O&G, M&A & Heathcare
M&A at BofAML is just a process support team. If you want to do a lot of admin work, choose them.
Inaccurate
As I said below, there are certain situations where the M&A team might do more of the process work but outside of specialised sectors like NRG or FIG, those are becoming very rare. Another point to mention is that the experience in M&A is less formalised since the quality of your experience heavily depends on your own performance. Meaning that top-bucket people in M&A will have a very modelling-heavy/no bullshit experience while "worse" performers might do more of the process work. Simultaneously, M&A is always one if not the team that has the most people in the top-bucket (bonus/performance-wise) which would not add up if your statement was correct. So maybe the deal you are working on is either in a specialised industry or one of the rarer situations but you should not generalize.
Just left, so have quite good knowledge. Generally, there is not one group such as Sponsors at CS or PUI at Barclays (in NY) that will be significantly better than the overall bank reputation. Nonetheless, there are a few teams that are better than others.
HC is a bit of a mixed bag. They are quite small in comparison to other banks (notably JPM). While they have very strong relationships with some corporates like Novartis, their volume mainly comes from mega deals (often in the Germanic region) and less continuous deal flow. Might be poised for strong growth though as they are working on a lot of Biotech IPOs atm. Probably best culture of any team at the bank. Team head is the loveliest woman in banking.
C&R actually has a strong franchise globally but team has a very intense and formatting-heavy work culture, while being more fun outside of work. But has had some good exits in the past.
Totally forgot Sponsors. BAML obviously has very strong sponsor deal flow and the amount of execution being done by the team is getting higher. Nonetheless, not on the same level as in NY as a lot of time is spent on non-deal related administrative work. The team is also one of if not the smallest team at the firm.
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