BAML Global Wholesale Credit?

Revive2020's picture
Rank: Monkey | 61

Hi everyone,

I recently just gotten an offer as a summer analyst for the BAML's Global Wholesale Summer Anayst.

Anybody have a clue what this is really about ? Apart from their website descriptions..

I really wanted to pursue IB this summer and did not had the chance to, has anybody transitoned to IB after an internship like this one?

Comments (14)

Dec 29, 2019

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Jan 18, 2020

Any chance of moving to IB M&A?

Jan 20, 2020

i don't see why it should it be a problem - i got it

focus on the strengths you can gain, you'll likely see a lot of execution, and there is a fair amount of modelling involved - particularly with project financing / acquisition and LBO financing.

you'll still be pitching for deals as well

all in, you have a similar technical background, albeit different product, know how to tell you story and you should have a strong chance!

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  • Incoming Analyst in IB - Gen
Dec 30, 2019

People have moved into LevFin/DCM from there. It's basically a team managing BAML's credit exposure (mostly through RCFs).

Jan 18, 2020

Is it a front office role?
And can I move to M&A In later?

  • Incoming Analyst in IB - Gen
Jan 18, 2020

It's MO office. You will be working with LevFin directly.

Moving to M&A will be tough directly. Levfin is more likely, and from levfin, M&A or coverage is doable. Note that if you aim at exiting to PE/HF/Credit funds, LevFin is one of the top teams at BAML.

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  • Associate 2 in Acct - Other
Jan 18, 2020

How do you end up getting an offer for something you don't understand?

Is it a case of BAML saying "Can't offer you IB but how about this other position we need filling"?

Jan 18, 2020

Ahha yup pretty much what happened

  • Associate 2 in Acct - Other
Jan 18, 2020

Fair enough.

Something similar happened to a mate of mine. He wanted to read Finance and the university turned round after his interview and told him that they were willing to offer him a space on Criminology!

Best of luck if you take it, or on your search if not.

Jan 18, 2020

They're basically the people who underwrite credit facilities. It is a FO role where you interact directly with the client.

Can you transition to IB from a stint as a SA there? I know of one person who ended up at an EB straight out of college after being a SA.

I know of one person who started in Wholesale Credit and transitioned to BAML's M&A team shortly after.

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Jan 18, 2020
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