Spring Internship at Bank of America

Top Employer
Duration
Insight / Vacation Scheme (< 4 Weeks)
Region
London Central London and City
Review Date
Salary
Unpaid
Roles
Banking - Investment
Bank of America is a Top Employer

9.6/10

About You
10.0
The Organisation
9.0
Everything Else

10.0

About You

Role Description

Investment Banking Division
• Exposed to two lines of business through work shadowing (M&A, Transaction Services).
• Practiced a M&A case on one of their current deals with explanations from an Investment Banking Managing
Director about financial models, valuation and market research.
• Had an insight of the work and culture of the whole company.

1. To what extent did you enjoy the insight?

I enjoyed the way Bank of America adapted the Spring Insight process facing this exceptional context. Having access to all the divisions gave me a better understanding of Bank of America. I was able to interact with Bank of America speakers on many occasions (case studies, Q&A sessions,).

The speakers were able to share with us their vision of Bank of America, through the knowledge of their divisions, their background and their experiences in associations as volunteers.

Setting up business cases, especially in M&A, was fluent and very inspiring. I also greatly appreciated the Analyst Panel where Kate Eggers superbly coordinated all the speakers, which enabled me to better compare the divisions.

The Spring Insight confirmed my willingness to work and learn with the Investment Banking teams during the Summer Internship 2021.

10/10

2. To what extent did you feel valued during your time at the company or firm?

Despite the difficult situation, we had the opportunity to Q&A sessions to ask questions to analysts and other workers of Bank of America.

We were able to participate during M&A and other business cases.

Moreover, we had a buddy and I was able to call him and ask him many questions.

10/10

3. How much guidance/support did you receive during the insight?

This insight helped me to understand all the divisions of Bank of America. It was a good idea to have, at the beginning of the insight a great explanations of these divisions and what links them

10/10

4. To what extent did/will the skills you developed, and information you received, assist you in your degree studies and beyond?

As I am in a Master of Finance, I am learning theory but with this Spring Insight, I had the opportunity to learn more about how you analyse a M&A case, ...

I am definitely sure I want to start my career as an Investment Banking Analyst.

10/10

The Organisation

5. How well structured was the insight?

Firstly, a presentation of the whole company (values, different divisions, history of the company, ...)

Secondly, for each divisions, there were first of all a summary of all what their daily tasks are. Then, a business case to understand the issues they tackle. Finally, they were a Q&A session so as to

10/10

6. How was the general atmosphere during your insight?

It was a very good atmosphere, I had the opportunity to speak with many of the student that were taking part of the insight.

5/10

7. In terms of personal training and development, to what extent did the company or firm invest in you?

They wanted to make sure we understand everything they said.

9/10

8. To what extent did the insight help you to understand what it would be like to have a full time role with the company or firm?

Through Q&A sessions and with every divisions, it was easy to understand the daily tasks they had.

10/10

9. How much did the insight help you in understanding the company culture?

Through associations, through their values but also with the way they deeply wanted to maintain this internship.

10/10

10. How valuable was the content in helping you to decide on your future career path?

It definitely helped me to confirm my willingness to do Investment Banking.

10/10

Other Information

11. Were you paid or reimbursed adequately for this experience?

I was not paid but my expenses would have been reimbursed

12. Were there opportunities for networking and meeting other employees of the company or firm?

Yes a lot, through a buddy but also by networking on Linkedin with employees.

10/10

13. How were the networking/ social event opportunities?

Despite the situation, I had the opportunity to call analysts and associates and to meet other students.

10/10

14. Did you find out about activities that employees can get involved in outside of work?

There are many opportunities, from sport to association like volunteering.

10/10

15. Would you recommend this insight to a friend?

It is a perfect opportunity to understand the divisions, the values of the bank and it confirmes my will to work in Investment Banking.

10/10