BAML

Hello everyone, I'm trying to understand more how the SA in London will work this summer, I've read on other threads that it is going to be generalist but how can you possibly see all product teams in just 10 weeks, same goes for coverage. Do you also get to choose during or after your internship...

19 Jan 2022

Hey guys, as background I'm going into the o&g group this summer as an analyst but am getting mixed signals about the culture there from those I've talked to, so just wanted to ask if anyone knows what the work culture at the BoA Houston office is like? Is it really sweaty? I'm also wondering if...

20 Dec 2021

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...

28 Mar 2020

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...

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

Which banks crushed it? Which flopped? My $0.02 below. Total global M&A deal value grew by 92.5% year-over-year for Q1 2021. Ergo a bank that grew M&A deal value by less than this LOST market share year-over-year and a bank that grew more than this GAINED market share y-o-y. Source:...

31 Mar 2021

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...

03 Jan 2017

Have Silver Bananas for helpful comments. Incoming SA at a "mid-tier" BB in NYC in what's considered a "top group" on this forum. Think: Bank of America (Lev Fin, M&A, Sponsors) Barclays (Nat Res, P&U, Sponsors) Citigroup (Industrials, M&A) Credit Suisse (M&A, Sponsors) Would like to either stay in...

07 May 2021

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...

13 May 2020

Just got the email that they will be doing this summer's internship virtually. I'm pretty bummed that they decided to do that soon after JPM said they'll bring interns in. Any tips on how to get a return interning virtually?? Any ideas about where to live?

18 Mar 2021

BAML 2023 Sophomore SA IBD Superdays were this past Wednesday and Thursday. I was wondering if anyone heard back and how it went for them.

15 Jul 2022

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...

14 Sep 2017

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...

13 Jun 2019

I just wanna ask if anyone knows what's the current stage of BofA HK IBD FT Analyst? I interviewed for the final round about 3 weeks ago and haven't heard back since then. I emailed the HR last week but they said they were waiting for the results from interviewers. Plz let me know if you heard about...

08 Nov 2021

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...

27 Mar 2017

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...

29 Aug 2013

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...

06 Oct 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...

07 Jan 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...

02 Oct 2019

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...

04 Apr 2017

So i've seen recent articles or news saying that global/senior MDs head of tech/retail/oil & gas at BB X/Y/Z leaving to boutique A/B/C with team of 4 others etc. etc. several times past 12 months. and these arent like random MDs, talking about global group heads, vice chairmans of BBs (ex barclays)...

29 Apr 2013

http://www.cnbc.com/id/34239400 Anyone think this is gonna make their CEO search immensely easier???

03 Dec 2009

Hey everyone, I'm a rising sophomore from a target, 3.8 GPA. I got a hirevue for Bank of America IB Sophomore SA and just completed it. How long does it take to hear back about superday? Also does anyone know approximately how many ppl who get hirevues get superdays?

08 Jul 2021

Does BAML have the standard product and industry coverage groups, similar to most BB (apart from GS)? Do they have a separate LevFin, Financial Sponsors, M&A, and Industry groups? Now, how would you guys rank or describe the culture and work environment of BAML's M&A, LevFin, Sponsors, and TMT...

10 Feb 2010

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

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...

10 Jul 2019

Hey all, Today I genuinely had the best luck in a long time, I found out about the BAML sophomore internship program a day before the deadline closed! However, I am a little concerned about wether the admission is rolling. My issue is, does rolling basis heavily affect those applicants that apply...

15 Sep 2021

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...

17 May 2016

Hi everyone, I've got an internship coming up for S&T with BAML in the London office. I'm going to an event where all the interns get to meet the various desk managers and then list their desk preferences for the internship. They sent me a pdf giving a brief description of each desk and wow there is...

06 Apr 2011

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....

24 Aug 2015

KKR will never hire you if you work here. Neither will TPG, BX, Carlyle, or Silver Lake. Warburg Pincus and H&F won't consider you. In fact, no PE shop or HF will think about hiring you. lmao at all these clowns (ibhopeful532 and firstyearbanker) trying to pimp up the place because they're insecure....

21 Jan 2010

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...

08 Mar 2015

Both teams seem to have good people and culture seemed relatively good for banking. How would you guys compare the two groups in terms of deal flow, culture, work quality, etc? This is for an associate position btw, and both tech coverage roles. Barcap executes M&A in house which could be a good...

12 May 2015

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

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

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...

02 Feb 2018

So I received an offer for JPM SA S&T about a week ago and accepted it yesterday. I don't know what desk I will be placed on and won't know until April (I think). However, BAML S&T also invited me to their superday in February, but I didn't think I could go because JPM only gave me 2 weeks to...

31 Dec 2013

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...

09 Oct 2020

I know it is usually first.last(at)baml.c0m, but this is not working for this one guy. I have tried first.last(at)baml.c0m, first.last(at)ML.c0m, first.mi.last(at)baml.c0m, and first.mi.last(at)ml.c0m, but to no avail. Any ideas? EDIT: Sorry for the weird (at) and zeros, but WSO will not let me post...

03 Jul 2013

I have been going through alumni of my school via LinkedIn. I have found many "Vice President-Investments at Merrill Lynch" and "Sr. Vice President"s that work for Merrill Lynch. But, to my understanding, it's actually considered BAML, correct? So, how do I know if these guys are part of IB, and not...

03 Jan 2013

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...

01 Nov 2017

Hi all, I have offers from both of these firms for their sophomore programs and I obviously need to pick one (I'm from a target). Here's a breakdown of each: UBS President's: Four 2-week rotationals, each in a different area of the investment bank (IBD, S&T, group tech, office of the COO, etc). BAML...

15 Feb 2012

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...

11 Oct 2017

Hey guys, I have a good sense of the differences between BAML IBD and Goldman Legal, but I wanted to know which would provide the best exits and has the better prestige factor? I did BAML IBD this summer and liked it a decent amount, but am not sure what I want to do in the future. Also, I know...

27 Oct 2011

I was researching career options, and came across this in JP Morgan, Citi, BAML and DB -- Global Transactions Banking. Iterations of name include Global Cash Management Solutions, Global Treasury Solutions. Seems like they help big global companies move their cash around. Sounds interesting, and...

22 Oct 2012

A recruiter at BAML reached out to me to see if I'd be interested in their Quantitative Analytics Summer Analyst program. (I can't post the link bc I'm a new poster) I'm a junior math major but I have nearly no programing experience. I just want to know if anyone has experience with this program and...

16 Jan 2019

after a bunch of interviews and such i have been left with a strange assortment of offers, but at least its something. i have an offer to work for a commodity trading firm that deals with physicals. I also have an offer to work at a startup hedge-fund on the trading side. Lastly I have an offer with...

07 Mar 2011

Can anybody detail how these groups are set up? I know that BAML's LevFin is tops on the street, but what is their relationship with Financial Sponsors...does sponsors do all the modeling for LBO's or do they just originate and then pass modeling along to LevFin? Which group is the best to go into...

09 Feb 2011

Three offers are outstanding at the moment. Citigroup IBD NYC - group determined next year (I heard there's only like 1-2 M&A spot next year so I know for sure I wont get it). Very likely getting a coverage group like healthcare or something. Barclays Capital IBD NYC - group determined next year...

20 Oct 2010

Barcap, BAML M&A and Lazard which explodes tomorrow, and I'm waiting to hear back from GS - they should have gotten back to me by now since they know about the offer but my super day was only Friday. I keep hearing the horror stories about LAZ and am now freaking out.. also I'm a girl and haven't...

13 Feb 2011