A Virtual internship within the GTS division, with a placement on both the Product and the Sales Side
Virtual experience was very enjoyable, I was able to do many of the things I would have done on a traditional internship; networking, learning, getting involved in team/individual projects.
I felt valued by the firm, they invested a lot of time in us and senior managers organised engaging roundtables and 1 on 1s.
I was given support from a wide network of people, especially my Buddy and Mentor. Through regular checkpoints, I was well guided throughout my projects.
The experience taught me new ways to approach problems, in addition to other soft skills such as collaborating in a virtual atmosphere and improving presentation skills. These skills are invaluable for both my degree and professional career.
The experience was very well structured with a great balance between Training and Project Works on the Desk.
The atmosphere was brilliant, everyone was very friendly and more than willing to take time to speak with us.
They definitely invested a lot in us: there were several training sessions, some focussed on the GTS Space and others with Financial Edge Training. Senior Managers gave us feedback on our presentation skills and scheduled regular 1 to 1 catch ups. The level of training and feedback that we received reflects the extent to which BoA invested in us.
While not everything can be captured virtually, (i.e. the Office environment) I felt that most elements of a full time role were captured in the experience. I was concerned about the practicality of networking virtually before the internship, but employees at Bank of America were always more than happy to take some time to speak with me. In terms of the projects, they were very similar to what we would have been working on in a traditional internship/full time role.
The first week of the internship had a strong focus on understanding the culture at BoA. The importance of Integrity, Teamwork and Diversity/Inclusion were all highlighted and these principles continued to show throughout my time at the Bank.
The content was valuable for helping me to decide on my future career path, as I got a brilliant insight as to what it's like to work in Financial Services.
Though the internship was shortened to six weeks (virtually due to COVID-19), I was still paid for the full ten weeks (which a traditional internship would have lasted). Though personally I did not have any expenses, I believe those who did were reimbursed.
Everyone was very friendly and more than willing to set time aside to speak with us. I got a great insight not only into my division (GTS) but into various others at the Bank.
There perhaps could have been more events involving meeting interns in other divisions of the Bank. However, I imagine this was largely due to the virtual nature of the internship.
Yes, Bank of America puts a lot of emphasis on the value of getting involved beyond simply the projects. During my internship, I took part in a Team Marathon to raise money for Charity. There were definitely opportunities to get involved beyond day to day work, both in the ESG space and with various team activities (Lunches/Virtual drinks).
Absolutely, I feel that I grew professionally a lot from this experience and couldn't recommend it strongly enough.