BB Rankings: 1. Goldman Sachs / Morgan Stanley / JPM 2. BofA / Citi / Barclays 3. Credit Suisse / RBC 4. Wells Fargo / DB / UBS EB Rankings: 1. PJT / Evercore / Centerview / Qatalyst 2. PWP / Lazard / Moelis 3. Guggenhiem / Houlihan (Note: both RX teams would be tier one) 4. Rothschild / Greenhill MM Rankings: Jefferies / Raine / Cowen / Baird / William Blair Meh, weak groups: Stifle / Nomura
17 May 2021
Want the SparkNotes? We got "banker speak" for nothing. But you don't need a SparkNotes because it was only a whole 30 seconds or so on an hour-long call. Senior Leadership on Junior Banker CIB-wide call: "We saw the materials and saw the forum" - nice, I would hope so. "We're exploring resources and solutions" - as you said you have been for months on end now… and as you SHOULD be at all times… without a deck or forum or having to tell me lol. "We've set a net zero emissions target for 2050" - sick bro. So what value did any junior bankers at WF pick up from the call? Please chime in because
31 Mar 2021
I realized that BofA and MS seem to be the only BBs that (aside from ensuring full pay) have not disclosed how they plan to proceed with this year's SA programs. Anyone have any ideas/information on how they might go about this?
20 Apr 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 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
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
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: https://markets.ft.com/data/league-tables/tables-… Market Share Gainers Jefferies: Made the Top 10 for global M&A deal value and grew global M&A deal value by over 800% y-o-y. Hats off. Not sure if they had a bad Q12020 or amazing Q12021 - probably both. Barclays: After getting
31 Mar 2021
David Tepper grew up in a middle class neighborhood in Pittsburgh, PA. He became interested in the stock market after observing his dad, an accountant, trade stocks during the day. Following high school, he enrolled in the University of Pittsburgh, where he excelled. After Tepper graduated with a degree in economics, he found a job with Equibank as a credit analyst. He quickly became bored with the role and enrolled in the MBA program at Carnegie Mellon's School of Business, now named after him. Tepper's experience at Carnegie Mellon helped him learn options theory at a time when there were no textbooks written on the subject. Kenn Dunn, the Dean of school of the school himself taught these option courses.
27 Dec 2010
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 banking with a strong team or leave for MF PE / HF (like every other SA on this forum). Top target background. Trying to switch banks for FT seems risky to me. There's tons of posts on this forum about how small Wall Street is and even though it seems likely I will get a return offer, I don't want
07 May 2021
I've gotten a number of PMs about analyst housing in uptown Charlotte, so I thought I'd consolidate my responses and post them publicly for everyone's reference. Hopefully this helps all you incoming BofA/WF analysts looking for places to live. I'm assuming if you want to live uptown, you also want to be walking distance to bars as well as work - the center city is going to be best for you. I would recommend looking for a condo rather than an apartment, since the apartment buildings are a bit of a longer walk to both bars and the banks. The two nicest buildings in town are the Trademark (333 W Trade St) and the Avenue (230 S College St). Both are your typical "high rise" stylistic condos - metal and glass, wood floors, stainless appliances. The Avenue has slightly nicer amenities. Both buildings will probably run you in the $1400 - $1600 range for a singe, or about $2100-$2400 for a double, depending on how high up and what floor plan. Both are within walking distance to BofA HQ and Wachovia One, as well as the Epicenter and all the uptown bars.
10 Jan 2010
Hi guys, I am a 1st year MBA candidate at a top European business school and I just got the offer for summer internship at BAML in London (even tho it will be 99% virtual). Which are the product and/or industry groups that traditionally hire the most so I can maximize my chances to convert my internship? Moreover, from an exit opportunities perspective, which groups in BAML are the best to land into PE mega funds? Thanks in advance for your thoughts!
13 Jan 2021
Thought I would create a discussion on my experience interviewing for an IB position at BofA in London for SA 2021. Unfortunately I did not receive an offer to join the team, but I gained a valuable experience and learned a lot about myself as I made it to the Assessment Centre (no Superday due to Covid). Although all SA jobs are more than likely full, feel free to ask any questions regarding the interview process, lead time etc.
02 Dec 2020
Just had a Superday this past Friday. I applied for the global quantitative analytics internship in September, was given the Hirevue in October, and had a Superday (3 30 minute phone calls) on Friday, November 13. There was a "networking" call the day before where all the Superday candidates could ask current quants questions etc. and I noticed there were at least 50 candidates on that call (I'm assuming all of whom had the Superday the very next day) and yet I haven't heard any updates from anyone? Has anyone heard back from a November 13 BofA Superday yet or know when we should expect to
17 Nov 2020
I would like to have some insights and recent news about Bank Of America. What makes BofA unique and different from other banks? Very hard to find much information on the internet. So feel free to share your knowledge with me. Thank you
18 Oct 2020
I had interview with Bank of America Quantitative Middle Office. First off, I am not sure what they are doing exactly and the answers are not consistent. I was told it's similar to quant on the desk... but why a quant in the middle office? Has anyone worked there before and how's it really going? For some reason it seems really suspicious.
16 Oct 2015
Hi, I did my superday on 7/15 and received a call from HR on 7/16 saying my application is on hold. It's pretty much like a waitlist situation. Just curious if anyone else is waitlisted. How many people got off the waitlist in the past? Is there anything I can do to increase my chance?
27 Jul 2021
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
I have 2 summer internship (London) offers for the IB divisions at DB and BAML and would really appreciate some advice. I really liked DB's culture and the way they go about their business, the division has a great team of people. They seemed very supportive and they really focus on the personal development of interns/analysts. I also find DB to be more prestigious but that's just purely down to my personal subjective opinion.
15 Dec 2012
BAC rallied considerably today but does any one else share the sentiment that its a steal right now? Even at $10? The stock has just gotten beaten to high hell with the legacy mortgage issues they inherited with countrywide. I personally think that although they settled for around 8.5 billion, they handled the situation relatively well. Moynihan inherited a pot of shit when Ken Lewis went on a spending spree starting in 06 with us trust, countrywide, Merrill. Throw in basel regulations on capital requirements (which they will have no problem meeting) and there has been nothing but shit sentiment on BAC. The stock is still trading at half of its BV per share and i think its severely undervalued...anyone else agree or am i raving lunatic
21 Jul 2011
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 all, Did anybody who interviewed with BAML in Charlotte this past friday hear back with an offer/rejection? If you did, can you post when you heard and for which group? I know it's still early, but I'm just wondering if they gave out any offers on Friday. Thanks!
17 Oct 2010
I don't think so. It's the BofA employees who should be keeping one eye on the classifieds. According to the Charlotte Observer,
Yeah, by replacing his own FA's. It just doesn't make sense for BofA to maintain their own flailing brokerage business with a powerhouse like Merrill now under their belt. BofA chief executive Ken Lewis is determined to keep Merrill's 15,000-strong thundering herd in the BofA corral.
17 Sep 2008
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 Global Banking and Markets: Two 5-week rotationals, 5 weeks in IBD and 5 in S&T. My questions: -Which would offer me the best experience? -Which would look best on the resume? -Which would offer the best platform/recognition in case I wanted to recruit next year? Thanks for the help!
15 Feb 2012
Now it's not just the clueless activist events leading up to this that were hilarious, but the actual responses by Bank of America. When New Jersey resident Mark Hamilton wrote an anti-foreclosure message in chalk on the sidewalk in front of a Manhattan Bank of America branch, he was told to leave by cops. So he took to Twitter: "Just got chased away by #NYPD 4 'obstructing sidewalk'." he tweeted under his handle @darthmarkh. (darthmarkh? really man?) Brands are supposed to use social media to show their human side, but apparently Bank of America – and the alleged humans that run its customer service Twitter feed – missed that memo.
15 Jul 2013
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 Bank of America middle office. I want to be a trader, but everyone around me says go with bank of america since its bigger. If i go to bank of america what is the best middle office position i could go into so that i can have a chance of switching to trading or sales?
07 Mar 2011
Is BAML still sending out hirevues to other applicants? I applied months ago and just received a hirevuew. I was just interested to see if any other have received first round virtual interviews as well this late into the game.
15 Nov 2020
So I got an offer for a summer analyst position with US Trust, BofA GWIM for this summer and was wondering if anyone had any information about the experience. It's in Boston and in the High Net Worth Group within GWIM. Thanks.
21 Feb 2013
The leveraged loan and high yield markets are currently on fire! Issuance is up 30% yoy, despite 2009 being a very strong year in issuances. Bank of America was leading the charge in market share, beating JPMorgan and taking 24%. JPMorgan, the nearest bank was only at 14% market share, due to its conservative underwriting standards. According to Ioana Barza of Thomson Reuters, "The U.S. syndicated loan market is firing on all cylinders heading into the fourth quarter. Although increased volatility is becoming a market staple and poses challenges for underwriters, the upside is that loan issuance has rebounded on the back of a strong bond market.
25 Oct 2010
Hello everyone, I'm currently looking into the BoA 2 year FMAP, and was wondering what sort of compensation they offer. I can't find this information anywhere, and it weighs heavily on if I will be able to go through with it. I can't afford to commute to NY everyday for 2 years if I'm making pennies... Thank you Russ
30 Jul 2010
Has anyone heard back for this event? Also, I'm really curious: how competitive are forum events like this one? Do most people who apply just get in or is it very selective?
06 Oct 2020
Hey guys, I just participated in the study abroad superday for BAML this past Friday. HR said that we would hear back from them by this upcoming Friday about the decision. However, I've heard that BBs often let you know the day of. Has anyone heard back yet? Also, when should I be concerned that I did not get an offer and might be on the waitlist/rejected? Thanks!
11 Dec 2011
I am from a midwest target school UC/NU and I've received offers that I'm having trouble debating. I've received offers from name brands such as MS and Citi Chicago but also banks such as BofA and UBS New York. My ultimate goal is to end up in New York for PE. Should I take a Chi summer position because it has a better name and then do FT recruiting in NY or should I take the lesser name in NY before FT recruiting? Name brand or location for SA before FT recruiting? Thanks guys.
22 Feb 2010
What are your thoughts on the following banks in terms of company culture: Goldman Sachs, JP Morgan, Morgan Stanley, Bank of America Merrill Lynch, Citi, Barclays, and UBS? How is the culture of their investment banking divisions in particular?
10 Apr 2017
Well, I wanted to share this story for some time. Thought would finally do it today. I met a MD from BoA ML, Emerging Markets Rates Sales who came down to my university for an information session. I talked to him about markets (Aug - Sept, when markets were real shit) and managed to impress him. I got his card after the session and later contacted him via email, requesting him an informal meeting over coffee to 'know more about his achievements and the current economic order'. Turns out, he said yes and asked me to drop by a high-end coffee shop on an afternoon.
16 Apr 2012
Hi There, I am going to be joining Bank of America as a summer analyst this June. I am very interested in the financial sponsors and healthcare group and wanted to get some more detail on the groups if anyone is familiar.
22 Jan 2015
I have three options for a Summer 2022 internship. First one is as a Rotational Summer Analyst at Jefferies (business lines in rotation are Investment Banking, Fixed Income, and Equities). Second one is Global Quantitative Analytics Summer Analyst at BoA (part of Global Risk team). Third one is "Summer Analyst" at a boutique Private Equity firm. Which internship is most valuable in securing an Investment Banking SUMMER Analyst position in Summer 2023? I am Class of 2024 non-target. Appreciate any feedback.
21 Apr 2021