Disclaimer For Hong Kong:
Bank of America and BofA Securities are the marketing names used by the Global Banking and Global Markets divisions of Bank of America Corporation. Lending, other commercial banking activities, and trading in certain financial instruments are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, National Association, Member FDIC. Trading in securities and financial instruments, and strategic advisory, and other investment banking activities, are performed globally by investment banking affiliates of Bank of America Corporation , including, in the United States, BofA Securities, Inc. and Merrill Lynch Professional Clearing Corp., both of which are registered broker-dealers and Members of SIPC, and, in other jurisdictions, by locally registered entities. BofA Securities, Inc. and Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and are members of the NFA.
Bank of America, National Association, Hong Kong Branch, is a branch of a national banking association organized and existing with limited liability under the laws of the United States of America.
Chance To Gain International Experience
Future opportunities may include travel: Bank of America has branches all over the world from Qatar to Chile. Employees have traditionally been encouraged to explore new opportunities outside of their current group or region, so if travel excites you this could be a great reason to cite. Bank of America is organised within four geographic divisions: Asia Pacific Europe, Middle East & Africa Latin America and United States & Canada. Does the opportunity to work with and learn from colleagues with rich and far-reaching experiences appeal to you?
Vast Product And Service Range At Bank Of America
Bank of America offers a range of different products and services to meet the needs of its client base â you can get an idea of what it offers by visiting its corporate website. Think about the effect this has on Bank of Americaâs position within the market. How might this affect how you feel about working for the bank?
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Relationship To The Government
The financial sector is traditionally among those to receive government support in times of widespread economic crisis. Such bailouts, however, enjoy less public support than those for other industries.
A commercial bank is what is commonly referred to as simply a bank. The term “” is used to distinguish it from an , a type of financial services entity which instead of lending money directly to a business, helps businesses raise money from other firms in the form of or .
The primary operations of commercial banks include:
The United States is the largest location for commercial banking services.
Careers In Investment Banking
Getting into i-banking is very challenging. There are far more applicants than there are positions, sometimes as high as 100 to 1. Weve published a guide on how to ace an investment banking interviewHow to Get a Job in Investment Banking?This guide will outline how to get a job in investment banking using out top three tactics: networking and resume, interview prep, and technical skills for more information on how to break into Wall Street.
In addition, youll want to check out our example of real interview questionsInvestment Banking Interview Questions& AnswersInvestment banking interview questions and answers. This real form was used by a bank to hire a new analyst or associate. IB interview insights & strategies. Questions are sorted into: bank and industry overview, employment history , technical questions , and behavioral from an investment bank. In preparing for your interview it also helps to take courses on financial modeling and valuation.
The most common job titles in i-banking are:
- Morgan Stanley
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Client agrees to abide by applicable export control laws and not to transfer, by electronic transmission or otherwise, any content on the Sites subject to restrictions under such laws to a national destination prohibited under such laws, without first obtaining, and then complying with, any requisites government authorization. Client further agrees not to upload to the Sites any data or software that cannot be exported without prior written government authorization, including, but not limited to, certain encryption software. This assurance and commitment shall survive termination of these Terms and Conditions. Offices, residents and operations of your organization in Cuba, Iran, Iraq, Libya, North Korea, Sudan, Syria and any other countries that are the subject of sanctions by the United States Office of Foreign Asset Control or other general U.S. embargo restrictions are not permitted to access and use the Sites, and any such access and use is a violation of these Terms and Conditions.
Bank Of America Investment Banking Reviews
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What Is Investment Banking
Investment banking is the division of a bank or financial institution that serves governments, corporations, and institutions by providing underwriting and mergers and acquisitions advisory services. Investment banksList of Top Investment BanksList of the top 100 investment banks in the world sorted alphabetically. Top investment banks on the list are Goldman Sachs, Morgan Stanley, BAML, JP Morgan, Blackstone, Rothschild, Scotiabank, RBC, UBS, Wells Fargo, Deutsche Bank, Citi, Macquarie, HSBC, ICBC, Credit Suisse, Bank of America Merril Lynch act as intermediaries between investorsBuy-SideInstitutional asset managers, known as the Buy Side offer a wide range of jobs including private equity, portfolio management, research. Learn about the job and corporationsCorporate InformationLegal corporate information about Corporate Finance Institute . This page contains important legal information about CFI including registered address, tax number, business number, certificate of incorporation, company name, trademarks, legal counsel and accountant. . This guide will cover what investment banking is and what investment bankers actually do.
Culture And Contemporary Life
New York City has been described as the cultural capital of the world by New York’s . A book containing a series of essays titled New York, Culture Capital of the World, 19401965 has also been published as showcased by the . In describing New York, author said, “Culture just seems to be in the air, like part of the weather.”
Numerous major American cultural movements began in the city, such as the , which established the African-American literary canon in the United States. The city became the center of in the early 20th century, in the 1940s, in the 1950s, and the birthplace of in the 1970s. The city’s and scenes were influential in the 1970s and 1980s. New York has long had a flourishing scene for .
The city is the birthplace of many cultural movements, including the in literature and visual art ” rel=”nofollow”> New York School) in painting and ,, , , , certain forms of , and in music. New York City has been considered the dance capital of the world. The city is also frequently the setting for novels, movies , and television programs. is one of the world’s preeminent fashion events and is afforded extensive coverage by the media. New York has also frequently been ranked the top of the world on the annual list compiled by the .
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Disclaimer For Latin America:
Bank of America and BofA Securities are the marketing names used by the Global Banking and Global Markets divisions of Bank of America Corporation. Lending, other commercial banking activities, and trading in certain financial instruments are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Trading in securities and financial instruments, and strategic advisory and other investment banking activities, are performed globally by investment banking affiliates of Bank of America Corporation , including, in the United States, BofA Securities, Inc. and Merrill Lynch Professional Clearing Corp., both of which are registered broker-dealers and Members of SIPC, and, in other jurisdictions, by locally registered entities. BofA Securities, Inc. and Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and are members of the NFA.
Investment products offered by Investment Banking Affiliates:Are Not FDIC Insured * May Lose Value * Are Not Bank Guaranteed
Bank of America Corporation and its affiliates do not perform in any jurisdiction banking activities that are reserved by local law to licensed banks, except in those jurisdictions where its banking affiliates have procured the necessary licenses.
Bank of America México, S.A., Institución de Banca Múltiple is a banking affiliate in Mexico of Bank of America Corporation.
Vice President Investment Banking
Job Description Summary
May act as the primary contact and advisor for some clients, but typically is an active member of client and/or deal teams. Working in this context with more senior staff, pro-actively generates ideas and solutions to meet client needs. Associates at this level continue to develop both product skills and client relationship skills. Individuals in this role are first-year Vice Presidents.
A consistent leader among Healthcare Industry banking groups on the Street, we have full coverage of the Healthcare universe, including the Healthcare Services, Pharma, Biotech and Medical Devices sectors.
The group has a balanced franchise consisting of buy-side and sell-side M& A advisory, equity, leveraged finance and investment grade capital raising. As many clients are multinationals, the group spends considerable time coordinating with colleagues in Europe, Asia and Latin America on cross-border opportunities.
We have nearly 120 Healthcare corporate and investment banking professionals globally, including over 80 team members located in New York.
Our business is seeking an experienced Vice President to act as a key team member in our Healthcare Group. Key tasks and responsibilities may include but are not limited to:
Job Description Summary
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Global Investment Banking Summer Analyst Program
Global Investment Banking Summer Analyst Program 2023
Job Description & Program Overview
We believe Bank of America can do more for our clients than any other financial services firm. We understand the challenges our clients face around the world, and we use the full resources of our company to help them achieve their goals. Our solutions span the complete range of advisory, capital raising, banking, treasury and liquidity, sales and trading, and research capabilities.
Our Global Corporate & Investment Banking business focuses on building long-term relationships with more than 3,000 large U.S. and multinational corporations, financial institutions and financial sponsors. We provide strong advisory expertise, capitalizing on powerful mergers and acquisitions, corporate banking, treasury, debt and equity product expertise to deliver integrated financial solutions. Within a focused industry or product group, summer analysts help orchestrate capital raising and strategic advisory transactions. Our Summer Analyst program is designed to offer you a broad and exciting experience of work as a full time Investment Banking analyst.
During the summer you will be placed within one of our industry, country or product coverage teams. Your training and development is our top priority with extensive formal training offered at the start of the program in addition to on the job support, educational speaker events and mentorship throughout.
Training & Program Highlights
The 9 week program are designed to help you decide whether our offer matches your aspirations and include:
- A dedicated Chief Resource Officer who is tasked with managing and optimizing the junior banker experience
- An induction and training program with classroom and on the job instruction
- Summer Senior Speaker Series, featuring global and divisional presentations by top executives
- Formal career support via buddies, CROs, mentors and staffers who will help you navigate through the program
- Opportunities to interact with senior bankers and network with peers
- Constructive feedback sessions through performance evaluations
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Bank Of America Hires Veteran Investment Banker Benjamin Saunders
A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January 30, 2019. REUTERS/Carlo Allegri/File Photo
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Jan 4 – Bank of America Corp has hired veteran investment banker Benjamin Saunders as a managing director for its Americas Financial Institutions Investment Banking business, according to a memo seen by Reuters on Tuesday.
Saunders, who was most recently the principal client coverage executive for New England and mid-Atlantic depository institutions at J.P. Morgan , will be based in New York City and cover the banking sector.
With over 25 years of investment banking experience, Saunders played a crucial role in several M& A deals, including Eastern Bankshares’ acquisition of Century Bancorp last year and BSB’s sale to People’s United in 2018, according to the memo.
The appointment comes against the backdrop of a talent war among top Wall Street firms as dealmaking activity recorded a bumper year in 2021. BofA advised on over 350 deals last year, according to data from Refinitiv.
The appointment was first reported by Bloomberg News.
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Opportunities For It And Technical Graduates
Bank of America has said that it is ârevolutionising the technical possibilities of an entire industryâ. IT and technology graduates will be part of this drive. Graduates working in technology at Bank of America have made comments such as, âItâs very exciting that what you do on a daily basis will help shape the world of technologyâ and âWeâre currently creating a product thatâs not even on the market yetâ. Would projects such as this excite you? Or maybe youâre a computer science graduate who wants a tech job with a commercial twist.
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Bofa Securities Inc Further Information
“Bank of America Merrill Lynch” is the marketing name for the global banking and global markets businesses of Bank of America Corporation. Lending, derivatives and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation , including, in the United States, Merrill Lynch, Pierce, Fenner & Smith Incorporated, BofA Securities, Inc. and Merrill Lynch Professional Clearing Corp., all of which are registered as broker-dealers and members of FINRA and SIPC, and, in other jurisdictions, by locally registered entities. BofA Securities, Inc. and Merrill Lynch Professional Clearing Corp are registered as futures commission merchants with the CFTC and are members of the NFA. Investment products offered by Investment Banking Affiliates: Are Not FDIC Insured May Lose Value Are Not Bank Guaranteed.
What You Should Do Now
Itâs essential that you donât just take the above points and regurgitate them during the recruitment process. Theyâre intended to stimulate your imagination and give you some areas to think about when youâre researching the organisation in preparation for the application form, interviews and assessment centre. So if, for example, youâve chosen Bank of America because of the career prospects, you should now:
- Do further research into this. Visit its graduate and corporate website, watch its careers videos on YouTube and targetjobs , seize opportunities to meet Bank of America on campus, at careers fairs or at its open days, and network with current and former colleagues. This will help you build on your own knowledge and enable you to communicate the reasons for your interest in a genuine and natural way.
- Note down how you found out about the opportunities for career progression at Bank of America. For instance, maybe you spoke with current employees during a careers fair. Then youâll be able to back up your response with something like, âAfter speaking with X from investment banking on campusâ¦â.
- Think of examples from university, work, extracurricular pursuits or elsewhere to support the reasons you give for choosing Bank of America. Maybe you worked very hard during a job while at university and were promoted to supervisor or given extra responsibility. This will show that you are driven and genuinely attracted to the career prospects at Bank of America.
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Its Not All About The Money
More compensation may not be enough for lots of young workers, for whom the pandemic only highlighted the less palatable aspects of investment banking even as other careers dangled more appealing work-from-home policies.
Armen Panossian, a rising senior at Rutgers University, is interning in the logistics division of the energy company BP and hoping to land a similar full-time role after college. He said the pandemic was part of his motivation for pursuing a more 9-to-5 job rooted in finance.
I think a lot of people rediscovered the importance of mental health, Mr. Panossian, 21, said.
Eden Luvishis, a 20-year-old student of finance, computer science and math at the Stevens Institute of Technology in Hoboken, N.J., wants to work in fintech but would consider becoming an engineer at a major bank a career that could marry her interest in finance with a more predictable way of working.
I was never so interested in traditional banking jobs, she said. For me it was always more of the quant side, meaning roles involving quantitative analysis. I really love math.
Before graduating from Mount Holyoke College in 2016, Areeba Kamal worked for a summer as a trading intern handling complex bond products at Bank of Americas Midtown Manhattan tower. She arrived around 8:30 a.m. and often stayed until 10:30 p.m., trying to learn the intricacies of her product. She sent money to her family in Pakistan.