I really enjoyed my experience as a virtual Summer Analyst Intern in Global Markets at Bank of America. We had 3 weeks of high-quality training followed by 3 weeks of placement on our desk. I was completely integrated in the team from day one and everyone was interested and dedicated in reaching out to me. My daily tasks consisted in working on several projects that I had to accomplish as well as discussing with people from all teams from Global Markets. The purpose is you to have a global overview of the specificities of each team to be able to see which one would fit best.
I felt extremely valued during my six weeks at Bank of America. Indeed, people working in Global Markets are generally very busy and I never had anyone refusing to have a call with me. This is a good hint about the fact that Summer interns are extremely valued by the firm. I really recommend this experience if you want to learn about all the specificities of the different teams. Moreover, the three weeks training includes a lot of very valuable content like a trading simulation, courses on macroeconoics, different asset classes etc... which shows once again that you are valued as an intern.
The three weeks of training also aimed at helping you to install your virtual desktop and other remote tools that you might need. The technology team was really present to help you if anything was not working. During your desk placement, you were assigned a buddy and a mentor that were your points of contact regarding any question. They were extremely helpful and dedicated. And as mentionned before, anyone from my team and from other teams was dedicated for reaching out and answering questions. As a consequence, I felt 100% supported.
I have finished my studies so the skills I acquired during my internship will not assist me in further studies. These new skills are extremely complementary to the ones I acquired in my studies as they are more practical and about the reality of the job. I think that for someone wanting to work in Global Markets, there cannot be a better "school". You learn about the day-to-day activity, about the differences between the different teams, about creating professional relationships with people etc.
The virtual internship was very well structured: 3 weeks of training followed by 3 weeks of placement on a desk. The mission you were assigned during the placement then depended on your team but it was really clear from the beginning. As an intern, you had two points of reference: your mentor and your buddy. They were there to guide you regarding your work or who you should contact on a particular project. The internship was very well structured and the fact that it was a virtual experience did not impact it.
The atmosphere of the internship might depend on the team your are in. I was in a very friendly and dedicated team so I felt like the general atmosphere was extremely nice to work in. More generally, everything is done for you to have a lot of points of contact within your team, HR team or other teams. Globally, everything is done for you to feel valued and to learn as much as possible. The fact that you are working from home almost has no impact as everyone else in the team is working from home as well.
We had a three weeks training at the beginning of the internship. The first week consisted in a global introduction and installing all necessary softwares. During the second and third weeks, we were in a virtual classroom and we had classes about several Global Markets related topics (courses on the different asset classes, Macroeconomics etc). We were about 50 in the class so the learning was really individualized. We also had the opportunity to deliver several presentations to our team which allowed us to improved our soft skills.
The internship was supposed to last ten weeks when I signed the contract but because of the Covid-19 pandemic, the length was reduced to six weeks. However, we were still paid for the full ten weeks. In addition, all the expenses related to travel or phone spendings are being reimbursed. As a consequence, we were treated a a full-time employee of the company and there was no impact of the internship being virtual on us.
The opportunities for networking and meeting other employees of the company were huge. Indeed, you could set up calls with anyone and they were always very happy to answer you. At the same time, my team made sure that I had the opportunity to spend a certain amount of time with every member of the team. In the end, networking sessions were organized by each team to make sure you interacted at least one time with each team.
I would definitely recommend this virtual experience to anyone. Indeed, the training was of very high quality and the time spent in the team really gives you a good insight on what it is like to work there. Furthermore, it is really helpful to be able to cease the small differences between the day to day activities in the different teams. I cannot recommend this internship more for someone wanting to work in Global Markets later.