Hey guys. So I am interning at BAML in the Investment Banking division for summer 2018. I was wondering which groups rank at the top in terms of prestige and exit opps. Any serious inputs would be beneficial.
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I've heard from a couple of analysts that the REGAL and Financial Sponsors groups are solid and have great exit opportunities.
thank you--
This is true - plus Lev Fin & M&A per below.
already finished telephone interview two weeks ago really want to know is there someone receive the ac invitation?
M&A, Sponsors, Lev Fin.
Stay away from FIG, TMT, Industrials.
Hmmm... This is pretty odd as Goldman Sachs' target groups are in FIG and TMT
Well, different banks specialize in different industries/products. Generally though M&A/Sponsors are top PE groups at every bank that has them. Lev Fin too to a lesser extent. BAML FIG just doesn't place that well, even within FIG Exit Ops and apparently you do more pitching than modeling in TMT at BAML.
What have you heard about Industrials at BAML?
what have you heard about industrials at BAML?
You can rarely go wrong with Industrials. Consumer Retail also strong.
My perspective is mostly from an analyst in Industrials at BAML that I was talking to during group placement. He said that if you intend on going to PE, focus on Sponsors, M&A, Lev Fin. The implication was that that I should stay away from industrials, so I'm giving you the same advice.
BAML TMT M&A Palo Alto has the highest combined bench press.
Anyone have any info on the rep of the energy team?
BAML S and T Summer Analyst Desk Placement (Originally Posted: 02/02/2018)
Before the start of your internship, your recruiter will give you a list of all the desk within Equity and FICC-some desk are hiring some don't. You will rotate 3 times throughout the summer, where each rotation last for 3 weeks. Before each rotation you need to list your top 10 desk that you want to rotate in. This is where you need to network and connect with other desk because the intern managers are also listing their top 10 interns (Think of it as dating-matching game). Throughout the summer, you need to check-in and show your "desire" for their desk and if they like you enough, hopefully they will give a full time offer. This is pretty fresh for me, I just went through the process last summer.
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Yeah, the list contains the intern managers contact as well as a description of what they do and look for in interns.
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I don't know what the exact number is but in general BAML is pretty good in regards to retention rates relative to other banks (that was what I heard from my peers as well as people who work there...so take it with a grain of salt).
Was thinking the same thing. Best of luck this summer NyKnicks.
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Best Groups at BAML for Exit Ops and with highest return offer rate (Originally Posted: 11/15/2017)
I just got accepted to a summer internship at BAML this summer in New York. I am a sophomore and don't know much about which group i should go into. Ive heard M&A and LevFin are very good at BAML but not much besides that. What groups do y'all think have the best exit ops? And what groups have the highest return offer rates?
horseeagle, hey, look at the bright side, at least you didn't get a ton of monkey shit thrown at you...here is my best guess on threads that might be helpful:
More suggestions...
Fingers crossed that one of those helps you.
I've heard both M&A and LevFin are great - I know LevFin places into strong debt funds.
Assuming you're looking at buyside ops, can't go wrong with the classics: M&A, LevFin, and FinSpo. All happen to be very strong groups at BAML
BofA Desk Choice (Originally Posted: 04/01/2010)
I will intern at BofA LDN this summer and I have to choose a desk to join, I know they're good at equities/mortgage linked products, however, I am much more interested in FX/Commodities, my question is
Should I go with my interest, or go for equities to maximise the chance to get a job offer (i assume there will be more vacancies for their stronger areas?)
When speaking of 'good' or 'bad' in an area, what does it tell us exactly? Is it correct to think that one bank good at, eg, FX, would gain more market share and thus enable FX ppl working for this bank to make more money than FX ppl at other places?
It's not necessarily a good assumption that because they are stronger in a product, it will be easier to get an offer. I'd argue in many cases its harder since it is more competitive.
If I were you (and I was not so long ago) I would go with the groups you are most interested in if their culture seems like a good fit.
In general it would be true because if a bank has more clients they are likely going to generate more money. However, also take into account whether the area is growing or not (aka BoA is investing time, money and people to make it a bigger player).
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