BofA / BAML - NYC Healthcare

Hi All - 

Anyone have any insight into the latest in this group? Info seems kind of stale and would really appreciate any help. 

Looking for anything on hours (associate), general culture, execution experience, and any WLB initiatives? Seems like they may be hiring but is it to replenish turnover or to right size the staffing?


Thank you in advance!

 

Can speak a bit to the group; really nice people and genuinely theyre helpful to juniors.

 

I say this meaning only to inform, so will only go with facts:

  • They are hiring because of high turnover
  • Hours are not good (100hr+ work weeks if you're a strong associate (given wide range of talent, good associates are worked harder than others)
  • Medtech very strong and can provide one of the best experiences in all of BofA IBK (industry leader, excellent capital markets + M&A given strong MDs in the vertical)
  • Biotech mediocre
  • Services bad, especially on the sponsor / high growth HCIT side
 

Honestly not sure where the above comes from. Medtech is the smallest vertical in HC IBK and there's a ton of HCIT/lifesciences stuff

 
Most Helpful

This is pretty off. Med Tech team lost all its luster when the core guys went to Guggenheim. Since then might have done one or two M&A deals? Mostly been equity focused and one of the 3 MDs recently left. Lot of the IPOs are actually because of the research analyst with very strong reputation. 
 

Pharma also used to be very ipo focused but had some good runs with large deals. But one of the guys on Ny and key guy in SF recently left so you really have one key MD which is light. Bunch of the historic deals also actually got done out of London and SF. 
 

services used to be legacy strength of the group. Most of the people are gone and activity especially in M&A is less than it used to be. Was doing well with HCIT recently, but that MD also left. 
 

on BB world, well behind JPM, GS, Barclays and MS. Probably not much worse than CS. Tbh used to be top 2/3 but lost some luster over the years.

 

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