Spring Insight Week 2020 at Bank of America

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

8.1/10

About You
7.8
The Organisation
8.5
Everything Else

8.0

About You

Role Description

Get a head start on your career by taking part in an insight week during your first year of a three year degree, or second year of a four year degree. The program will introduce you to the wide range of careers available in an investment bank from Corporate Banking to Sales & Trading to Technology. You’ll have the opportunity to be fast-tracked and earn a place on our summer internship program the following year.

1. To what extent did you enjoy the insight?

I really enjoyed the spring insight programme. It was online given the circumstances but we were able to get a good view of Bank of America as a business, global reach and awards. We were then able to look into the different divisions of the firm, including investment banking and markets.

9/10

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

Despite this spring insight programme being online, I did feel valued at the company. We were able to listen to presentations from senior management of the business. At the end of each presentation, we were able to ask questions in the chat. I really liked this as it meant that our questions got answered.

8/10

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

We got a decent amount of guidance/support. Obviously it was online but we were able to have a Q&A with a wide variety of analysts from the firm, from all divisions. At the end of the two days we had the choice to attend a fast track assessment centre and connect with a buddy.

7/10

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

This did not assist in my degree studies as no skill sessions were provided due to the shortened online nature of the insight programme. However, the analyst Q&A gave great information on the skills needed to succeed on an internship and on the job. This has assisted me to look to the future.

7/10

The Organisation

5. How well structured was the insight?

The insight was very well structured - with a timetable sent in advance giving us clear start and finishing times. This meant that we were all able to go online on time. However, the sessions did delay ever so slightly but that is to be expected when lots of questions are asked.

8/10

6. How was the general atmosphere during your insight?

The general atmosphere of the insight was very good given the nature of this programme. When presentations ended, lots of questions were asked, with many of us interested in all the presentations. Everyone presenting were friendly, helpful and genuine. This followed through during the Q&A analyst panel, where more informal questions were asked.

7/10

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

Given this was online and reduced to two days due to COVID-19, the company could not invest in our personal training as much as they wanted. However, there are plans for optional soft skills sessions planned for every month. Soft skills are often seen as the most important, even more so than technical skills.

7/10

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?

The insight gave us a great overview of what it is like to have a full time role with the company, in all the divisions. In particular, we could see the daily day to day work of employees and recent deals they have completed. The Q&A further clarified how life is for analysts.

10/10

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

The insight gave us a great understanding of the company culture. We were told about the guiding principles of the firm, the vast awards the firm has won, vast global operations and how we can give back to society. This involves working with charities and even the possibility of volunteering abroad.

9/10

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

The content was very valuable in helping us decide my future career path. I was able to see whether Bank of America is right for me, and more specifically, what division I could see myself working in and what division best matches my skills. Seeing the day to day work of employees confirmed this.

10/10

Other Information

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

This insight programme was not paid for. I was also not reimbursed expenses because it was online - and I had no expenses. However, if the programme went ahead at the Bank of America office in London, reasonable travel expenses would be provided for trains, tube and airplanes if necessary.

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

As this was an online programme due to COVID-19, there were no opportunities for networking and meeting other employees of Bank of America. However, if this event went in person, there would definitely be these opportunities. We were however given an analyst Q&A session and given a buddy which was good.

7/10

13. How were the networking/ social event opportunities?

Given the circumstances and unprecedented nature of the world in 2020, there were no in person networking or social event opportunities for obvious reasons. However, we were able to ask lots of questions throughout the presentations, and had the opportunity to ask more informal questions to analysts during the Q&A session.

7/10

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

We got a great insight into the activities that employees get involved in outside of work. This ranges from sport, to learning a language every two weeks or so and networking sessions/nights. This is good to meet other people of the firm from divisions you do not normally interact with.

9/10

15. Would you recommend this insight to a friend?

I would absolutely recommend this insight programme to a friend. Bank of America is a top bank and has a very good culture and the insight programme gave us an amazing insight into the work involved and how we can give back as part of the firm. It has strengthened my commitment to pursue a career at this bank.

9/10