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Bank of America superday

ChelseaFC85's picture
Rank: Orangutan | banana points 254

Is anyone going this weekend? Have any of you gone through it? If so, what were some of the nastiest questions you got?

Comments (245)

Oct 9, 2007

What is the difference between FCFE and FCFE?
Why net debt added back to TEV?
What is a merger proxy called?
Why investment banking?
how much wood would a woodchuck chuck if a woodchuck could chuck wood?

Oct 10, 2007

What are the answers to these questions? Anyone?

Oct 10, 2007

What is the difference between FCFE and FCFE?
Why net debt added back to TEV?
What is a merger proxy called?

Oct 9, 2007

that last question is ridiculous. what did you answer?

Oct 9, 2007

as much wood as it can chuck

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Oct 9, 2007

how do you know that it would chuck to the point where it couldn't chuck anymore?

Oct 9, 2007

lol. because it's a woodchuck

Oct 9, 2007

pay no attention. I am just being silly. this is a case question though not a brain teaser like it appears to be

Oct 9, 2007

As someone with no accounting or finance background.....would i get something NOT in the vault guide? If so, I am utterly fucked.

i can get the last two right, and i'm not even sure about the last one

Oct 9, 2007

I think the answer to this quest is pretty easy. No one wants a numerical answer because there is none.

But seriously a woodchuck will chuck as much wood as it can chuck because the amount of wood it can chuck is dependent on such factors as:

I. The specie of the woodchuck
II. The shape of its legs
III. The life span of the wood chuck amongst others...

Of course, this is just my take on it. I don't know if its right but I am 99% sure that there is no specific numerical answer.

Oct 9, 2007

the asumption that it will chuck as much as it can simply because of its name is problematic.
what if its mating season? when would it eat? sleep?

i was a philosophy major before i decided i didn't want to be poor. you cant win...

Oct 9, 2007

a woodchuck will chuck as much wood as it can chuck because the amount of wood it can chuck is dependent on such factors as:

I. The specie of the woodchuck
II. The shape of its legs
III. The life span of the wood chuck amongst others...(such as the time of the year/season e.t.c)

the possible factors can continue ad infinitum;

The focus of this question is on wit and structure, period.

And P.S.- It can chuck as much as it can because "a woodchuck can chuck wood" and therefore a woodchuck can chuck as much as it can to the extent that it is constrained by outside factors.. (I was obviously just kidding when I said "lol..because it is a woodchuck."

Fine: How many meals can a human eat if a human can eat meals?

I think the answer to both quests are straightforward

Oct 9, 2007

how do you know it would be inclined to allocate all of its time and energy to the task of chucking wood. i agree that the amount it CAN chuck is constrained by external factors...thats not my point. how do you know that the amount it WILL chuck is a function only of outside things.

this is becoming absurd.

Oct 10, 2007

I think he meant to say FCFE and FCFF, right?

Oct 10, 2007

Is this woodchuck african or european?

Oct 9, 2007

doesn't the amount of time and energy allocated to the task of chucking wood depend on exactly those same factors: specie, seasons e.t.c.?

Oct 10, 2007

Hi all! First post here. I'll be attending the BoA superday tomorrow (it's technically two days, with a dinner tomorrow and interviews Friday). All I know so far is that there are three superdays this year. One is this coming Thurs/Fri, the other is the 25th/26th, and the last is the first week in November.

Cheers fellows

Oct 10, 2007

The first one was last Thursday/Friday and offers went out yesterday

Oct 10, 2007

I hadn't realised that there had already been one. I'm not sure that I go to what's called a "target school," but some of my mates and I received superday invites, and they were for tomorrow, and then the 25th/26th and also the first week in November. Hopefully they'll be hiring a lot of people if there's that many superdays, haha.

It's good to know that there is such a quick turnaround for offers, though! Do you (or anyone else, for that matter) know what the offers have looked like in terms of bonus/salary figures?

Oct 10, 2007

what schools are going

Oct 10, 2007

Columbia... yourself?

Oct 10, 2007

has anybody heard back yet tonight? i assume offers will go out tonight.

Oct 10, 2007

i think offers will go out tnight... anyone heard anything

Oct 10, 2007

still have not heard even though i thought i did quite well - anybody else on here that was there today and if so did you hear? ibddddd?

Oct 10, 2007

How did it go? Whats the format of the day? What kinds of questions did they ask you? Do you have any idea about how many analysts theyre willing to hire?

Oct 10, 2007

You guys crack me up.

Oct 10, 2007

which groups offered tonight?

Oct 10, 2007

i didnt hear anything... maybe monday?

Oct 10, 2007

hmm, weird i was at the superday from last week yet i still haven't heard anything

Oct 10, 2007

what was this a superday for

Oct 10, 2007

brutalglide-- was it the group switch day on the 24th? i haven't heard anything either

Oct 10, 2007

that means no offer. if i dont hear back monday im pretty sure thats clear for me as well. usually you hear back the same night

Oct 10, 2007

afalcon i have no idea if i got an offer but you couldnt be more wrong. it took them over two weeks to get back to me with SA offer. clearly they are comparing internal and external candidates as a general pool

Oct 10, 2007

if they still have to see other candidates at other superdays for S&T dont you think they will wait to see everyone before giving offers?

Oct 10, 2007

nope, usually they just know who they want and offer very quickly afterwards ... hopefully im wrong though - lets keep this active and see if anybody hears next week!

Oct 10, 2007

anyone get a ding?

Oct 10, 2007

are there more superdays coming up?

Oct 10, 2007

not sure, you mean for BAML or other banks?

Oct 10, 2007

BAML has another superday friday. I initially had a conflict and they said they could accommodate me then but then I made things work to interview earlier. ALthough, i really cant imagine them waiting until all of their superdays to extend offers. thats rather unheard of

Oct 10, 2007

i had my superday 3 fridays ago... still haven't heard back... HR said everything will finalize on tuesday

Oct 10, 2007

i wonder if that is just for the superday 3 weeks ago or for everything to date....

Oct 10, 2007

honestly i still think a lot of offers have already gone out and were just waiting for dings

Oct 10, 2007

Banks don't make you wait for 3 weeks to find out if you get an offer. If you got an offer, they'll want to tell you ASAP. I was given my offer while I was still in the cab back to my hotel from the interview.

I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing.

Oct 10, 2007

Which group was it from?

Oct 10, 2007

Monday or bust

Oct 10, 2007

but some of the people at my superday already got rejected... HR said they were going to interview other people and then finalize later...

Oct 10, 2007

I think someone here would have mentioned it by now if anyone received an offer.

Oct 10, 2007

how do you know for sure

Oct 10, 2007

did ANYBODY receive an offer from BAML ft superdays (aka not SA return offer or accelerated interview)

Oct 10, 2007

don't think we need to get defensive guys

what's with that?

Oct 10, 2007

they did send out offers. I know someone at columbia that got one and turned it down.

Oct 10, 2007

He got it yesterday? What group? Why even go if you are prepared to reject the same day?

Oct 10, 2007

we hear back either monday or tuesday. post if you have an offer

Oct 10, 2007

corruptbargain - yes it was the group switch day (they had a few internal transfers as well though, non-IBD interns looking to switch into IBD). i know two other kids there who havent' heard anythign back yet either. guessing we'll hear back soon though

Oct 10, 2007

ibdddd howd you hear it would be mon/tue?

Oct 10, 2007

from a friend who knows the recruiter

there is another superday next friday tho, is there an advantage if you interview first?

Oct 10, 2007

i figured there would be which is why i moved things around

cool looks like we will hear in the next two days if we got an offer or not.. everybody post when you hear either way & list from what group the offer is or which groups you got dinged by.

Oct 10, 2007

I got a call on Friday.

Just got an offer but will be accepting Barcap.

Good luck with y'all!

Oct 10, 2007

was it from a specific group?

Oct 10, 2007

mind sharing the group?

Oct 10, 2007

Congrat's shawn! More infor please

Oct 10, 2007

anybody else here? my assumption is they have offered/dinged the top/bottom candidates but the rest of our fates lie with those that have received offers.

Oct 10, 2007

me + two friends just got rejected (interviewed 24th), i did tech/fig. sigh

Oct 10, 2007

sorry to hear that, was it through phone call or email

Oct 10, 2007

i wonder if the 10/1's will hear. ibdddd stay in touch bro

Oct 10, 2007

phone call

gl to rest

Oct 10, 2007

I work at BAML - no official offers have been given out, yet. Should be soon though. Sit tight guys.

Oct 10, 2007

thanks UCmonkey, do you know whats taking them so long? are there still lots of spots left

Oct 10, 2007

i did not hear today one way or another. did anybody else?

Oct 10, 2007

UCmonkey, do you know when offers will begin to go out? This is the quite the waiting period - would rather receive an offer or just get dinged and move on haha

Oct 10, 2007

any word ibddd?

Oct 10, 2007

i heard, but I'm not telling

Oct 10, 2007

sounds like bad news

Oct 10, 2007

Did you hear officially from HR?

Oct 10, 2007

why have I not heard!?!? im guessing this is a de facto ding but i much prefer de jure ding. someone give me some guidance here

Oct 10, 2007

you may be unofficially waitlisted?

Oct 10, 2007

what about research positions?! has anyone heard anything??

Oct 10, 2007

this is getting ridiculous apparently they still don't know how many offers they can give out

Oct 10, 2007

where did you get that from corruptbargain? if im waitlisted wouldnt they atleast call and tell me?

Oct 10, 2007

i thought we would here on monday by the latest according to all the sources on here...

Oct 10, 2007

my info is from HR

it's all group dependent. a lot of groups are waiting to hear back on offers...so yes it is essentially a waitlist

Oct 10, 2007

did hr say when we would in fact know by? end of week?

Oct 10, 2007

bump...no one has actually confirmed a written offer at this point?

Oct 10, 2007

ibddd did you hear?

Oct 10, 2007

im throwin the towel in guys, offers must have gone out by this point its like 5 days after the fact...oh well, its only one bank!

Oct 10, 2007

Were any of you at a S&T superday, not for a research position or quant track?

If so, what was the superday like? What kinds of questions?

Oct 10, 2007

lot's of uncertainty here guys... best of luck to everyone who went thru the processs... they did interview what seemed to be an unusually high number of candidates on 10/1... im hoping to hear something today along with everyone else... all the best

-rufio

Oct 10, 2007

i don't think they've sent them out yet...anyone know otherwise?

Oct 10, 2007

still no word on my end... hoping to hear today... this waiting game is tough... best of luck to everyone who interviewed

  • rufio
Oct 10, 2007

nothing today still. has anybody heard from 10/1 besides the all-star shawnfire

Oct 10, 2007

i was told to wait for a few more weeks...

Oct 10, 2007

WEEKS?! by who?
oh my god

Oct 10, 2007

wow that would be long. i was told "hopefully within a week" yesterday

Oct 10, 2007

I hate the fact that I applied to BAML and had a very highly respected MD I worked for forward my resume and cover letter and they can't connect the two (according to some dipshit in human resources). I haven't even received an answer back.

Oct 10, 2007

Just heard back from the non-target recruiter (resume forwarded by alumni) and he mentioned they are starting first rounds within the next few weeks and aiming for a late October early November superday.

Hold tight guys, you are about to get some competition for those last few spots.

Oct 10, 2007

i find it extremely unlikely that they will keep us on hold until November. everybody will just go other BB's and BAML would be left with nobody...

Oct 10, 2007

Okay boys and girls, allow me to shed some light. I keep reading the same questions over and over again even after the answer has been posted, that's not a good start to banking (assuming you kids get offers).

  1. Every group operates differently at baml. FT offers are ALL group specific, and as such, it is up to each group's discretion to determine timing of offers. I will say this one more time, some offers have been extended and accepted in various groups (again, it will vary from group to group); most of these offers were given to SA's from other groups/banks.
  2. Some of these offers were extended with a decision deadline for the first week of November. Therefore, some candidates have several weeks to accept their offers (some offers have not been accepted yet -- which inevitably leaves the majority of you in limbo).

Everyone needs to just relax and realize that there is nothing you can do at this point, it is out of your hands. Therefore, stop worrying and just go about your business enjoying your last year of college. Banking sucks ass, so stop wasting your time thinking about it while you still have ownership of your life. If you get an offer, come this time next year you will be wondering why you wanted to do this so badly lol.

    • 1
Oct 10, 2007

youngblood 1
WSO 0

Oct 10, 2007

From an inside source:

Out of three superdays there are only 2 groups looking for people, 1-2 each. So 4 total.

Oct 10, 2007

Whats your source?

Oct 10, 2007

anybody else receive word?

Oct 10, 2007

Got in touch with recruiting - decisions come out "mid-this week". post when you hear!

Oct 10, 2007

i heard the last offers went out today, those waiting will be receiving dings shortly

Oct 10, 2007

Has anyone from the 10/8 superday heard back yet?

Just wondering b/c I have another offer with an upcoming deadline soon, I'd like to know if anyone has heard back yet before I get in touch with HR tomorrow.

Oct 10, 2007

there's still another superday coming up in november.

Oct 10, 2007

received an offer today

Oct 10, 2007

Were you from the 10/8 superday?

What desk did you receive an offer from?

Oct 10, 2007

Does anyone have a sense for associate hiring? How many offers were given out, and how many people are on hold from the 10/15 superday?

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Oct 10, 2007

I know people who have heard they're waitlisted, assuming they've given offers at this point

    • 1
Oct 10, 2007

For IB? I know there was a mix of IB and S&T

    • 1
Oct 10, 2007

No one I've spoken to has heard tonight either. I know there was another super day earlier in the week. Was he definitely 2/5?

Oct 10, 2007

Any updates?

Oct 10, 2007

Either of you hear about a final decision yet?

Oct 10, 2007

Either of you hear about a final decision yet?

Oct 10, 2007

yeah. I received the offer. were you waitlisted?

Oct 10, 2007

Still waiting

Oct 10, 2007

what did you interview for?

Oct 10, 2007

GCM in CLT

Oct 10, 2007

Anyone hear anything? still waiting on IB

Oct 10, 2007

I haven't heard anything back yet either

Oct 10, 2007

Has anyone heard back?

Oct 10, 2007

nothing yet

Oct 10, 2007

nothing yet

Oct 10, 2007

bump. are we all rejected?

Oct 10, 2007

still haven't heard anything...

Oct 10, 2007

still waiting as well.... I mean there are a few more superday's in the next couple weeks. Did any of you have offers anywhere else?

Oct 10, 2007

any word yet?

Oct 10, 2007

Hey has anyone else been placed on the waitlist for IBD? Anyone know when we should here back?

Oct 10, 2007

still have not been contacted by anyone. they said by wednesday they would be in touch. have you heard anything?

Oct 10, 2007

nope. followed up with recruiter and interviewer. can't be a good sign lol

Oct 10, 2007

I didn't interview on 2/6/15, but I interviewed on 1/30/15 for S&T and heard back by 4 that day! I don't know if that's what people want to hear, but they got back quickly.

Oct 10, 2007

I didn't interview on 2/6/15, but I interviewed on 1/30/15 for S&T and heard back by 4 that day! I don't know if that's what people want to hear, but they got back quickly.

Oct 10, 2007

I didn't interview on 2/6/15, but I interviewed on 1/30/15 for S&T and heard back by 4 that day! I don't know if that's what people want to hear, but they got back quickly.

Oct 10, 2007

I apologize for spam. I refreshed page and it recommented. #noob

Oct 10, 2007

I apologize for spam. I refreshed page and it recommented. #noob

Oct 10, 2007

has anyone found out yet?

Oct 10, 2007

interviewed on 2/13, heard back today. There's one more superday this Friday so anyone on the waitlist should hear back some time next week

    • 1
Oct 10, 2007

@yeahhhbuddy, did you get an offer or no after that long? I'm waiting on a superday response and Idk when id likely hear back (if at all).

Oct 10, 2007

Is this SA or FT?

Oct 10, 2007

SA

Oct 10, 2007

I heard back a week ago. OP where are you interviewing?

Oct 10, 2007

I heard they had a 50% accept rate from their interns, so can't believe they're hiring so quickly

Oct 10, 2007

Past performance is not indicative of future performance. Gotta soak up the top talent before the others do.

Oct 10, 2007

London or NY ?

Oct 10, 2007

I believe it was for US only. And for the record: I didn't get invited to the super day :(

Oct 10, 2007

Have a friend that was rejected for IBD, whatever that's worth

Oct 10, 2007

Was there for ST past friday. haven't heard anything...which probably means we're dinged. ( i know there's the possibility but typically...) Other than that, I sent out thank yous and one of the guys responded, which probably doesn't mean anything. Just sharing my experience.

My guess is either we're dinged so they'll get back to us on Friday night or we're one of the weaker pool since they're still doing some interviews because of snow storm.

So far, I know one person got an offer monday afternoon.

Oct 10, 2007

oh and btw, I thought my interviews went well too. The wait sucks.

Good luck!

Oct 10, 2007

I was there for IBD and got my offer Monday afternoon. I got mostly positive responses to replies to my thank you emails (most mentioned stuff like "ask me if you have any questions about groups, etc.") so maybe look for stuff like that?

Oct 10, 2007

The one person that got an offer monday was S&T or IBD?

Oct 10, 2007

S&T

Oct 10, 2007

was this summer analyst or full time?

Oct 10, 2007

Sorry to be the bearer of bad news, but I interviewed for S&T on Friday and got an offer already.

Oct 10, 2007

I got an offer a month ago through OCR... was this OCR for you guys?

Oct 10, 2007

Good chance, I'm at a target but didn't apply through campus recruiting so i was behind in schedule compared to my peers.

Oct 10, 2007

Hey, did anyone who applied for research hear back?

Oct 10, 2007

got a call, got put on hold till next week. Anyone one else in that position? Anything I can do about that?

Oct 10, 2007

On hold means they want you but there are people ahead of you in line. If you have any relationships with very senior people, now is a good time to call them if you're absolutely positive you want to work there. When I was put on hold for a group offer, they let me come back up and interview with two other groups that needed analysts. I'm not sure how it works for s&t. Also, this was for full-time hiring.

You just have to sit back and wait and hope some people don't accept their offers. The wait sucks, but I ended up getting an offer, for whatever that's worth.

Good luck.

Oct 10, 2007

I was at the super day for S&T, and I got a call from them on Monday with an offer.

Citi had put me on hold a couple weeks ago, so I made sure to email all of my interviewers to thank them for their time and stress how much I wanted to work there. Of course, Citi never called me back, so my advice might not be the best to go by -- depends on how BofA makes their decisions I guess.

Oct 10, 2007

hey OP, have you heard anything yet?

Oct 10, 2007

bump

Oct 10, 2007

I will be there. I-banking SA interview, from a non-target school.

Oct 10, 2007

Pretty late super day. I would guess that was the last one?

From earlier threads about their Superdays, it looks like they take a few days. What did they tell you during your interviews?

Oct 10, 2007
  1. It was the last one.
  2. HR said within the next week or two and earliest Wednesday 11/11 (e.g. tomorrow).
  3. No indications really in interviews.

While I would normally be dubious of #2 b/c in my (albeit limited) experience, HR often gets back to candidates fairly quickly, the "earliest Wednesday" statement is plausible in light of the somewhat unique interview format (which also accounts for #3 - e.g. the difficulty of gauging an indication). The interviews were set up such that you interview with a number of groups and then they look at how the various groups ranked you relative to how you ranked the groups as well as their hiring needs and decide to whom they want to extend offers.

Oct 10, 2007

Given what you just said, I wouldn't worry until Friday.

Oct 10, 2007

I got the offer yesterday evening.

Oct 10, 2007

Double post...

Oct 10, 2007

Nothing yet, did you?

Oct 10, 2007

bump

"Success means having the courage, the determination, and the will to become the person you believe you were meant to be"

Oct 10, 2007

I haven't heard back yet. Did you? I think they said we should hear back next week.

Oct 10, 2007

offers were given out already (on the 25th)

Oct 10, 2007

I have not heard back yet. Good luck!

Oct 10, 2007

@bman93 Thanks! Good luck to you too. Let me know if you hear anything