BB&T Capital Markets in Richmond, VA.

Does anyone have information regarding BB&T Capital Markets? I haven't heard much if any discussion about them and was wondering why, is their platform new/small?

I started looking at recruiting there and it doesn't seem like they even have a set recruiting session. The head recruiter told me that the position was open on their online database. When I asked about the timeline, deadline to apply by, he said there was no deadline and that it would stay open until they found the right candidate.

This is a little strange and implies that they don't have a superday or set interviewing dates.

If anyone has any help or suggestions about getting a little more info or influence as opposed to just applying online it would be greatly appreciated. Any info about their size/culture/exit opps is welcome as well.

Thanks.

 
Best Response

I do not work at BB&T, but interviewed there last year. If you want, PM me the name of the guy you are emailing, and I can cross-check that with the guy that I contacted for interviews.

The first-round interview will be pretty straightforward and fit-based. Some candidates had to do a modeling test, but it was simple. They assign you some assumptions, and you build an operating and valuation model. The superday involved six or so interviews. Every banker or group of bankers has a different theme, such as technicals, market-related questions, etc. The superday was pretty small (six to ten candidates). I am not sure how many they took, but it could not have been more than two or three.

 

Currently working here. The office is tiny, maybe 30 people on the floor, 30 in IBD, and 20 in ER. Pay is on par, if not 5% or so above, street for ER and S&T. Not sure about IBD. The culture is very nerdy. Richmond is not a nice city either. In fact, it's terrible. Extremely socially underdeveloped and generally retro af. I would do some weird shit to leave. But once again, pay is great and cost of living is minimal, so I don't know, it's a trade off. I'm also just used to NYC, so I might be a dick. Overall, I'd give it a 3/10.

 

I'm disappointed to hear your reviews about Richmond. It's weird because a lot of people I meet in RVA are from Brooklyn, and say Richmond is the original Brooklyn before it become the "it" place in NYC. I'm actually trying to stay in Richmond because I love it so much! I see your comment is from 2015, so here's to hoping RVA has grown on you!

 

This made me laugh, as I scrolled down the forum topics I saw BB&T and thought no one would dare take the time to answer this question unless they were from the south (which I am),.

-BBT is viewed as a commercial bank in general (I think 8th largest nonetheless?), by no means is it a major player in investment banking an capital markets (99% of the time they're the joint bookrunner on deals) -It absolutely would not be a good place to move into a BB bank to be 100% honest -Working at BB&T could potentially shoot you into a Darden or potentially UNC best case scenario (but prob not a top 10)

-Sorry to be sound so pessimistic but better to know now than later...

 

I honestly wasn't aware that BB&T had a capital markets division, let alone research. They don't have much, if any, presence on the Street, at least none that I'm aware of and I work for a MM bank doing ER.

Anyways, take the BB&T gig and try to lateral to a better/well known middle market research firm after 6mo - 1yr (better off with closer to 1 yr experience though). I don't know how much luck you'll have at getting into a top MBA program or BB from there (referring to BB&T).

Hope that helps.

 

Worked there for a year as an associate. If you are interviewing for an analyst position, you are likely to have 4-5 interviews by VPs and MDs and may be a couple with associates. Associates tend to focus on basic technicals (vault guide would suffice) and VPs generally go for fit, personality, and perhaps a brainteaser here or there. MDs are only going to be focused on fit.

If you are interviewing for an associate position, you will most likely sit across from a couple of VPs but almost all MDs (there are 4). They will be focused more on your past experience, teamwork, leadership and those sort of skills. Reason is that there will be a lot of times that you will find yourself working directly with an MD with no support underneath. So they want to make sure that the guy can "take ownership" of the execution process.

Be prepared to do a lot of live deals, lots of M&A execution, not so much modeling, and good laid back people

For your interview, read up on a couple of deals that they have worked on (AECOM-McNeil would be ideal) and ask insightful questions...good luck!

 

Great - really appreciate your response!

Any insight into the type of brainteasers they'll ask? any way to prepare for those?

Also, how big is the reston office? i get the sense its around 20 people or so.. And i'm sure i could look this up, but if you dont mind - how many investment banking groups does BB&T have?

thanks again for all your help!

 

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