3/5/13

Got an offer recently still waiting for specifics but does anyone know the starting compensation and progression for this Program located In NYC. Also is this considered Middle office? Any other specific information would be helpful.

Thanks

Comments (25)

3/5/13

FT or SA? It's an MO role.

Investment Banking Interview Course

3/5/13

SA role

I Got a dollar and a dream...

3/5/13

think internal monitoring and financial reporting. any MAP program within BAC is going to be internally facing and dealing with some sort of bank process.

do a search for bank of america fmap and go to the career site and you'll see

3/5/13

I was told I would be working within the Investment Banking business and not on a corporate level. Would that change my day-2-day tasks vs the corporate FMAP employees?

I Got a dollar and a dream...

3/6/13

bump

I Got a dollar and a dream...

3/6/13

Do people reply without any knowledge? FMAP is a back office gig - similar to JPM/MS Finance division.Working within the investment banking business just means your back office support for the IBer's

3/6/13

It's basically corporate finance, except for a bank

Investment Banking Interview Course

3/6/13

What do people do after the 2 year analyst program? I assume It would be to early to attempt to enter any credible MBA program. Also what is the pay? Ive seen a thread on here from people getting anywhere from 60k In Charlotte to 69K In Nyc? Is the salary similar to IB analyst programs with obviously smaller bonus?

I Got a dollar and a dream...

3/6/13

BankMonkey21:
What do people do after the 2 year analyst program? I assume It would be to early to attempt to enter any credible MBA program. Also what is the pay? Ive seen a thread on here from people getting anywhere from 60k In Charlotte to 69K In Nyc? Is the salary similar to IB analyst programs with obviously smaller bonus?

For the SA program, they pay about $25/hour in NYC - the hours varies from group to group. Most people stay within the FMAP program after two years, its quite difficult to move around, especially in Bank of America. Full-time, surprisingly pays about 72k a year with signing bonus (i didn't believe it at first, but 3 people i know at my school told me that figure). This is in NYC btw.

3/7/13

<a href=mailto:aerospaceeric@yahoo.com>aerospaceeric@yahoo.com</a>:
BankMonkey21:
What do people do after the 2 year analyst program? I assume It would be to early to attempt to enter any credible MBA program. Also what is the pay? Ive seen a thread on here from people getting anywhere from 60k In Charlotte to 69K In Nyc? Is the salary similar to IB analyst programs with obviously smaller bonus?

For the SA program, they pay about $25/hour in NYC - the hours varies from group to group. Most people stay within the FMAP program after two years, its quite difficult to move around, especially in Bank of America. Full-time, surprisingly pays about 72k a year with signing bonus (i didn't believe it at first, but 3 people i know at my school told me that figure). This is in NYC btw.


Thanks for the Insight. Is this 72k plus a sign on bonus or including the sign on? Also $25 per hour? That is equivalent to my Big 4 offer. I was expecting a bit more.

I Got a dollar and a dream...

3/7/13

bump

I Got a dollar and a dream...

3/7/13

It's $72k, including signing bonus. $25 an hour is very standard for a MO/BO internship role.

3/22/13

<a href=mailto:aerospaceeric@yahoo.com>aerospaceeric@yahoo.com</a>:
It's $72k, including signing bonus. $25 an hour is very standard for a MO/BO internship role.

Got an offer and its more than $25

I Got a dollar and a dream...

3/21/13

I am a graduate- Depending on your role it can definitely be middle office, particuarly in the asset management space, as CFO there is highly integrated with the management team

3/22/13

Probably more or less the same as all of the other F500 finance programs

3/22/13

Just interviewed recently, they said within the next week and a half

3/22/13

my friend interviewed this week. hasnt heard back yet, but they said either tomorrow or monday. was it 1 round , two interviews for you guys as well?

3/22/13

It's a CFO rotational program. Pipeline for talented, internal corporate finance mobility.

Sometimes lies are more dependable than the truth.

3/22/13

Do they start at 70 in nyc? Because I know they start at 60 for North Carolina

I Got a dollar and a dream...

3/22/13

They pay 69k base and 3k signing bonus in NYC. Not sure about the end of year bonus. It is tough to network to move internally, since you'll be based at the World Financial Center, instead of OBP

3/22/13

I Got a dollar and a dream...

3/22/13

I Got a dollar and a dream...

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