wells or bofa
got internship at wells and bofa for next summer. wells pays 53/reg +1.5x ot bofa pays 30/reg + 1.5x ot.
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Good idea to pick internship based on your wage for a single summer
Is that IBD at BofA which pays that low?
Yea, but then they say it’s 110 prorated
Dude don’t be dumb lmao
Who’s smarter you or wells?
Do you know the industry/product group they offered you at BofA? The way I see it, that might be the main fundamental difference, as you still don’t know where you will place within Wells (as placement is in the fall).
So, if you want to absolutely eliminate any possibility of being in a group that you’re not that interested in, perhaps go with BofA (assuming that you know which group you’ll be with there).
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I would say BofA. Wells has some strong groups but BofA has more across the board. Either way you are in a great position
BofA is way stronger in banking across the board and also after your summer they pay way better (i.e. bigger bonuses than Wells) and give way better exit opps (I don’t think any Wells kids are competing for MF opps, BofA kids are). Friend at BofA pulled over $90k bonus as an A1 which is insane for a BB.
So if you pick Wells you’re making an extremely short term decision to make a few thousand more this summer which will literally lower your earning potential by tens/hundreds of thousands moving forward.
Congrats on both offers! I know the obvious answer is BofA, but keep in mind you should also choose a group where you think you will get along with the team the best. I know people look over this but how you get along with your team can make a bigger difference for your experience than how prestigious it is. Also, make sure you get into a strong group. You probably do not want to end up in FIG
I echo most of the above sentiment…play the long game with this one. The answer is pretty clear
Why is BofA pay so low? Any chance they raise it by next summer. Ridiculous that there’s a $20 gap per hour. Also the 110 pro rated is over 60 hours which seems like a weird wya to do it when compared to everyone else that pro rates it by 40 hours
Wells other BBs without a doubt... personally know people at wells who are either way overworked for bad comp or decent WLB but no deal flow
BOFA ....... deez nuts
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