BoA Global Rates & Currencies Interview
I got an interview with B of A Global Rates & Currencies, what exactly is this? S&T or something else? Also, how would I prepare a phone interview with them as a FT analyst? Has anyone worked in this dept before?
Thanks!
This is certainly an S&T position.
Things they may ask (i've been asked b4)
1) Know the major currency pairs (and the ball-park value of the pair) .. for example dont embarass yourself and say the EURUSD is at 1.8 or USDJPY is at 130
2)Have an opinion on the dollar, if asked about the markets in general, reference the euro-zone issues as they relate to the potential health of the euro as a currency and the UK worries over the pound/treasuries (that will definitely turn heads if you speak confidently on the matter)
3) they may or may not ask mental math questions over the phone... in any event, answer promptly.
PM if u have more detailed questions
CD~
Alright thanks!
is this for summer or full time?
full time
dang, pretty late in the recruiting cycle for FT recruitment. is this for a FT 1st year analyst position (or associate)? and is it in nyc or hk?
rates/currency is divided between g10 and em (emerging markets). if it's nyc, it's most likely g10, if it's hk, it'll be em focused. do some research on those 2 topics depending on which office this position is for.
weird, this is a full time analyst role in SF.
BAML Rates & Currencies Capital Markets FT Analyst Superday at Boston (Originally Posted: 01/21/2013)
Did SA at a top MM in IBD with no return offer. Will join the superday with BAML next week. People who interviewed me during the 1st round seemed to be pretty nice and culture in Boston office is generally less intense than NY. Anyone can talk more about this group, BAML boston office and etc. Thanks!
bump
BofA Rates & Currencies Summer Analyst Interview (Originally Posted: 02/16/2014)
Hello all,
I have a phone interview this next week for BAML's Rates Origination & Currencies division. I understand this is an S&T position. I've only messed with FX a small bit in my past, but mostly equities/options. I'm coming from a primarily sell-side M&A background. It's been a bit difficult to find exactly what they do.....any input?
Any ideas on what to expect? Technical questions?
Thank you.
First round won't be so bad but unfortunately coming from IBD likely means you aren't a constant markets hound, but if you are that's great. That said, from the name of that division, it is likely the furthest from actual S&T despite still being categorized as S&T, if that makes sense to you. Mostly what this division does is work with international companies who do business in multi currency markets. An example would be McDonalds wants a term loan for McDonalds Japan, Inc (who knows what subsidiary is used.) This group would go through a standard loan origination analysis to determine the creditworthiness and risk of the loan. They borrow the money in USD from BAML and then execute a currency swap to yen to disburse the amount to its Japanese subsidiary. Their goal is to pitch the client to borrow or issue debt to the DCM using their bank for all of their international businesses.
Hard for them to expect you to know a lot about that, but a lot of what you'll learn is how to price based on market demand (literally you analyze a number and call up buyers to feel out how much demand there is and then increase or decrease the rate), how to analyze a company's creditworthiness, creating pitchbooks, etc.
Ut sunt voluptas omnis eos beatae. Eligendi blanditiis quis illo eum voluptatem. Unde est eos tenetur repellendus. Vitae pariatur voluptas corporis autem expedita reprehenderit facere delectus. Amet numquam est a fugiat ut suscipit.
Amet at ea reiciendis nam et reiciendis facilis. Harum qui cum qui maxime quo. Repudiandae architecto quae non culpa. In eum rerum omnis.
Et libero voluptatem et dolor corporis facere fugit. Voluptatem ut tempora officia animi quia. Cupiditate iure mollitia ut qui.
Dolor rerum accusamus et non sunt. Aliquid est excepturi enim odio ab.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...