BAML

Hi everyone, I got offers for 2021SA from these three firms. I was just hoping for any info on reputation/culture/compensation FT and which one would you recommend me to take and why? Also, how hard is it to exit to HF/AM from a top ER firm? What's the pay progression in associates? All positions in NY. Thank you for all the help! Sincerely, A confused and lucky monkey

09 Oct 2020

Hey guys, I was wondering if any other incoming 2020 SA has had trouble with the onboarding process. For starters, I still cannot access my onboarding forms. HR contact said there was an internal issue and they'd get back to us as soon as it's resolved, but I haven't heard anything for about two weeks. Starting date is not affected since this is an internal issue. Aside from onboarding - For those who will be working in a different city, how are you dealing with housing? I don't think I'll be securing housing until mid-April as we still have yet to see how the virus plays out. Would it be a

28 Mar 2020

Hello! I was hoping that someone could shed light on which group would provide me with the best learning experience for exits into PE? Will any of these groups pigeon hole you? As in if I am in TMT, will I not get to work on bigger deals because of the nature of the industry compared to Industrials where there are many established, big companies (more of them)? I have read that Industrials provides you with a very good transferrable skillset from a modeling perspective, is this more so true than TMT or FIG? It seems like in the TMT space a lot of the deals are ECM/IPO deals and there is not as

13 May 2020

Hey guys. There are a few factors that I'm considering with these offers. (Keep in mind that I have already accepted BAML due to the fact that it had a short deadline and my UBS superday couldn't be moved up before the deadline) IF I TAKE BAML PROS - I like the company better - Company has a better brand name/deal flow - I could potentially move internally to BAML IB (a stretch but still possible) CONS - It's not IB (my ideal role) IF I TAKE UBS PROS - It's IB (my ideal role) - Easier to move to other IB positions at other banks for FT CONS - Probably will get blacklisted from BAML - My

13 Jun 2019

Hey guys, I was hoping someone would be able to give me some insight into the UK team at BAML, in terms of rep, exit ops, moving to another team in IB after a couple of years and overall culture? There doesn't seem to be much talk about the team out there and from what I understand the team is very broad, covering all sectors and products as well as doing some corporate broking stuff. Thanks!

02 Oct 2019

Hi, Recently completed hirevue for BAML Diversity Inclusion BANKING/MARKETS MARCH5-6 IN NYC FORUM. Has anybody hear back or know when we can expect to hear back?

11 Feb 2020

Hi everyone, Trying to gauge BAML's best groups in London. Anyone have any idea's on their top 3 groups? Thanks

02 Jun 2019

Recently left BAML (product group / ivy league) for a buyside opp, so thought I'd share insight on groups. BAML is an excellent bank, but thought I'd be REALISTIC with those looking for advice. M&A and LevFin usually have the largest intern and analyst classes, with the coverage groups trailing in size. FSG always have the smallest with 5-8 analysts per class. *RE is not included in the list below, but is one of the top 3 RE IB groups by RE exit opps ### Product Groups PE placement is highly reliant on the individual. **Just being in a product group alone will not guarantee you PE, just as

22 Feb 2019

Hey! I haven't seen a megathread for BAML 2019 SA yet, so here it is. BAML applications open July 1st. Post here if you have any updates!

29 Jun 2018

I just got an offer letter, and it mentions that base pay is 40$ an hour, but that only the training week is eligible for overtime in the letter. Why is this true? I thought all interns were overtime eligible.

17 Aug 2020

Hello, I am a current analyst at a boutique bank. I am interested in joining a BB hopefully and i've had my eyes on a particular job at BAML, the title is PSD, M&A analyst. not really sure what the psd is but I do want to get into M&A. however, the job posting has been up for about three months. i was wondering if anyone knew if this role is still open or know anyone that got this offer? Thanks in advance.

10 Jul 2019

Hi guys, Thanks for taking the time to read my post I am wondering some things about BAML: - from a prestige point of view, why do people always mention GS/JP/MS and almost never BAML? - what are the best groups to join? (especially in London) - how do you see the bank's future? is it getting its mojo back? is it sinking? will it soon be in the top three or behind Citi? Thanks in advance!

14 May 2018

I just received a full-time offer for BAML. Does anyone know what their best groups are? I've heard consumer is really strong.

22 Mar 2019

Anyone going or know more about the program, how useful it is towards recruiting or if it will be focused on IB or other divisions?

16 Mar 2018

Just got a BAML video interview invite for Palo Alto, what should I be expecting here? Similar to the JPM one? "Congratulations! After reviewing your application, we are pleased to invite you to submit a first round on demand video interview for the Bank of America Global Investment Banking Summer Analyst Program - 2018. Please login to the Application Center to begin your video interview and complete it no later than September 18, 2017. *Please note this is for our Palo Alto Office. How long will it take to complete my video interview? Your first round video interview will take up to 15

14 Sep 2017

Hey everyone, Has anyone heard anything back from BAML, Citi, JPM about a superday? I applied to Citi and JPM early August, and BAML a few weeks ago.

20 Sep 2017

Hey, can someone let me know your thoughts on each respective group. I know the differences between what the groups do, but which would you choose and why

06 Jul 2020

I was wondering what the reputation of BAML's NYC M&A team is? I know the group has gotten stronger recently but how do the exit opps, hours, modeling experience, etc. compare to others specifically JPM, CS, Greenhill, and HLHZ

25 Aug 2017

I got a SA Sales and Trading offer from Wells Fargo for the New York office for summer 2019. I like the firm a lot but some of the other firms I've been looking at (BAML, JP, CS) haven't even opened applications for S&T yet. Any advice? The offer explodes soon

10 May 2018

Hi, I'm a student at a target that's been networking with some guys in BAML's Capital Market division, specifically in their Global Rates and Currencies in NYC. Would this technically be considered an investment banking summer analyst role? What are the advantages/disadvantages of this group for more traditional IB roles?

02 Feb 2018

Hey all, I recently applied to BAML Global Investment Banking and BAML Latin American Global Investment Banking. I am wondering if anyone can tell me whether the questions were the same? Also, were the questions asked mostly technical or behavioral. I am from nontarget just trying to do my best to gain some experience with the recruitment process.

30 Aug 2019

What is the reputation of Baml's SF team? What are the disadvantages and advantages of taking an SF full time offer over a NYC offer in IB? There are like 8 people in Baml's SF healthcare office versus like 60 in their NYC office. Any idea what the hours are like for the healthcare group in either office?

20 Jan 2017

Hi all, I recently accepted an offer for a summer internship with BAML's FMAP program. I come from the lowest non-target school possible, so I am very excited for this opportunity. I only landed this internship because of a last-minute connection that I made with one of the Managing Directors in the ML Wealth Management division. I've heard from other professionals that know him that I made a good impression when I met him, and he seems to be willing to act as a mentor for me (we've been exchanging emails since October). The summer internship will be based in Charlotte. I have had the

07 Jan 2019

Diversity recruiting has been the subject of several posts over the last few weeks. Although there are existing WSO posts that try to aggregate opportunity for diverse candidates, this one aims to be an exhaustive list that includes all the introductory programs and formal internship pipelines offered by firms on the street so candidate are aware of these opportunities. As new opportunities continue to be created, I plan to update this list. diversity investment bank programs The opportunities are separated into two buckets: introductory programs and internship opportunities. Introductory

03 Jan 2017

Have offers from BAML and BMO for 2018 IBD SA positions. Having trouble comparing the two. Some thoughts: - Obviously BAML has a better brand name, but I'm one of BMO's top candidates and likely could get placed into their healthcare group (top group for them and of interest to me). - BMO is also making a push to gain market share in the US and thus is trying to invest in and keep talent so as to compete -- they claim to have a decent work life balance and to not give you unnecessary work/manage time efficiently, which probably wouldn't happen at BAML (might not happen at BMO either, but they

06 Oct 2017

Hello fellow monkies, I'm a regular here but I made a throwaway for anonymity. I am a sophomore from a non-target who was able to secure an offer from BAML this summer I am trying to make my decision. C&R: Arguably one BAML's best group. the team seems relaxed but also a little too weird. I have mild interest in c&r but I am well versed in the industry Healthcare: They seemed friendly but I heard that HC is not what it used to be at BAML. I love the hc services and biotech space. Also looking at E&P but heard they are not a top group and have lousy deal flow. I want to get a return offer and

04 Apr 2017

I just received an offer from BoA for their FMAP program and I was wondering if anyone could shed some light on the actual nature of the work I would be doing there as well as if it's possible to move outside of their corporate finance roles and into GWIM or trading after you graduate from the program.

01 Nov 2017

Hey, New to WSO and am looking to recruit for a SA internship next fall. I go to a target school in the east coast but am originally from LA. I decided that I'll probably stay in the west coast upon graduation. I'm looking to ultimately recruit for PE after my analyst stint, therefore Financial Sponsors is probably the group I'm most interested in. I know the west coast has some solid FSG shops, but was wondering if someone can fill me in? As I don't go to school here, it's a bit hard to know. Been reading through the forums but many of them are outdated and I would like some more feedback

17 May 2016

Hey Guys, I was wondering how BAML C and R is ranked in respect to other C and R groups on Wall Street and some exit opps that are available if you end up doing C and R at BAML. Any input would be greatly appreciated.

27 Apr 2018

Hey guys, title is pretty self explanatory. Had a superday at baml Palo Alto late September, found out that one guy in my group got an offer, but ended up turning them down for JPM/GS. The rest of us haven't heard back. Would you say it's safe to assume I got waitlisted or denied? I reached out and the guy I spoke with basically mentioned how it was pretty selective this year so I shouldn't stop recruiting until I hear back definitively. Reached out to someone slightly higher up and basically asked if he'd be willing to quickly go over with me anything I could work on going into other

11 Oct 2017

Have any of you monkeys been through the program? If so, what did you think of it? If not, have you heard of the program and is it well know on the Street? What sort of hours/tasks can you expect as a sophomore analyst? Thanks in advance - Trent

18 Nov 2014

I recently accepted an offer to join the BAML Investment Banking Summer Analyst Program. I am in the middle of the placement process for my specific group, but I am having a hard time deciding between a few of the groups. I am very interested in coverage, specifically C&R, REGL, and Healthcare, and have met with all 3 groups. These 3 groups have great cultures, and they are also some of the strongest groups at BAML in the league tables. Which one of these coverage groups do you recommend? And if I considered leaving banking in the future, which would give me the best exit opportunities in a

27 Mar 2017

Hi everyone, Have SA offers for each of these in London, Laz will be a random industry team, BAML is a generalist pool with bits of work from different industries (stick with one you click with, have met and really liked HC, could try to swing joining) and Barc is UK M&A. Most threads here focus on US recruiting - wondering if anyone could shed some insight on which would edge it out in the UK? Thanks!

01 May 2015

Redact 3

24 Feb 2015

Thoughts on which to choose? Importantly I want to know for London - not the US. Would appreciate if you could describe your reasoning:) Edit: for IBD (M&A). Edit2: main concern - exit opportunities to HFs.

14 Feb 2015

Any info on this group? There is some outdated stuff that comes up through search but wondering if anyone has any updated info. Primarily interested in deal flow, culture, people, reputation, etc. I know they have a tech M&A group out of that office as well but do they execute any of their own M&A within the coverage group or is it primarily equity + pitching?

05 May 2015

Has anyone heard anything yet? I know they mentioned we are supposed to hear by this coming Friday. Also another question-- what is the deal with the gift cards they gave us? Do we just keep them and use them up and not submit any reimbursements?

23 Oct 2016

I had a superday with BAML last Wednesday. The last interviewer said I would hear back from them Friday or next Monday so I emailed both HR and the group head for result this Monday but had no response. I know at this point I probably have to wait but wonder if anyone had experience like this and what did you do?

11 Mar 2014

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23 Nov 2013

Was looking around and could not find too much recent info. Can anyone shed any light on to the BAML TMT team in NY? Anything significant like deals / relationships / junior exits would be much appreciated.

22 Nov 2019

It is being reported that Bank of America is settling the largest racial discrimination suit against an American company in history of behalf of its Merrill Lynch unit. The settlement amount is said to be $160 million paid out to a class of 700 plaintiffs made up of former Merrill employees. The basis of the suit is that Merrill Lynch steered African-American employees away from client facing roles and diverted the highest paying accounts to white brokers. The settlement must now be approved by a judge. Racial discrimination is one of the most unfortunate aspects of our business, and Merrill

29 Aug 2013

Would love any insight on the following: Lazard SF (tech) vs. Houlihan LA (TMT) vs. BAML LA (generalist)

03 Sep 2015

Last week I had a 1st round interview (HireVue) with BAML for a Global Research Summer Analyst position. I'm wondering, has anyone that has taken it as well heard back from them yet?

26 Sep 2017

At the risk of getting some monkey shit thrown from other users, I would like to ask if the investment bankers at BAML paid significantly less than than the average and are less satisfied than the others? I have spoken to a few TMT bankers in the last 2-3 months and none of them seemed to be happy. I know banking is not a career for everyone. But even with this smaller sample size, BAML TMT bankers seemed to be paid much less than other bankers (base + average bonus) at the associate level (1st year through 3rd year). They seemed to be making less than 200k on an average base+average bonus. Is

24 Aug 2015

Hi guys, I received offers or waiting to hear back about superday results from the above places for the positions. A bit background about myself, I am a senior year student (but if I choose to do SA this summer, I have the option to do 1 more year of school and get master degree in computer science), I am into trading and quant strategies and want to go into HFs eventually. I see the master program as a buffer and I want to make the decision based on long term career development (as in I am ready to start FT this summer). I would greatly appreciate help on the following questions: 1. How to compare BAML S&T, Citi 2 year quant trading program (I also received offer from Citi last year but turned it down), Nomura S&T.

08 Mar 2015

For BAML, if you don't get selected after super day, would HR call you or you would receive a rejection email?

07 Oct 2019

Hi, I have an interview with BAML ER and I was wondering wht would be some good answers to the question Why BAML? Thank you.

24 Jan 2012

Hi, I have SA offers at both BAML and Deutsche. The groups I'm interested in are strong at both: LevFin, Sponsors, FIG, and Real Estate. BAML also has better M&A and I've formed a strong relationship with an MD and a couple of analysts. Deutsche has a rotational program and more flexibility among its groups. So which to pick and why? Thanks!

17 Feb 2012

Anyone know anything about BAML Toronto IB? Got a few questions below: 1)Is their full time analyst and summer recruiting done for 2020? 2) Is their summer/full time program generalist or industry specific? 3) What deals have they worked on recently? 4) How do they stack up relative to the other globals in Toronto?

10 Sep 2019

Hey everyone, Had a quick question. Out of BAML, Jefferies, and Lazard in their Houston offices, who is the best in terms of exit opportunities into PE? I appreciate any help!

05 Dec 2012