Equity Research, Summer Associate Review

by Bank of America

Best Student Employer

This review was submitted over 4 years ago, so some of the information it contains may no longer be relevant.

Rating

3.7/5
  • The Role
    3.4
  • The Company
    3.9
  • The Culture
    4.0

    The Role

  • 1. To what extent did you enjoy your work placement or internship?
  • I enjoyed it a lot. BAML provided a lot of support having senior people involved, and training through out the program.

    4/5

  • 2. To what extent did you feel valued by your colleagues?
  • People are very helpful and open for Q&A. It is not a hierarchical team to work for in Equity Research, so even if you want to talk to a MD there is almost always an open/glass door policy. Transparency is key.

    4/5

  • 3. To what extent were you given support and guidance by management/your supervisor(s)?
  • Very senior people in the bank were involved in the program. There were weekly or more often meetings/ round table/ presentations where people from different departments would come and present what they do in their respective roles/teams.

    4/5

  • 4. How busy were you on a daily basis?
  • I think in an IB environment you can not but expect to have a lot of work. This goes with the territory. At the same time, this is a trial period both for them but also for me. You want to make sure this is the right environment to be in and progress your career.

    2/5

  • 5. How much responsibility were you given during your placement?
  • I was given the opportunity to run my project, with some guidance, but overall there was a lot of flexibility.

    4/5

  • 6. To what extent did/will the skills you developed, and training you received, assist you in your degree studies and beyond?
  • I think they will help if you stay in this environment mostly, but then there are some soft skills like presentation skills that would benefit you wherever you are go.

    3/5

    The Company

  • 7. What was the general atmosphere in your office?
  • This is a bank and furthermore in a research environment you can expect people actually spending a lot of time writing their reports - it was a quite floor as expected. On the upside, there are ping pong tables next to the canteen.

    2/5

  • 8. How well organised was the overall work placement or internship set up?
  • I think HR did an excellent job. Moreover, operations did a great job as most things were working well when I arrived.

    5/5

  • 9. In terms of personal training and development, to what extent did the company or firm invest in you?
  • They did invest quite a lot to put this together, not only in terms of money, but also in terms of time. They offered personal training for me, because I arrived to work a week later, given that my studies ended later.

    5/5

  • 10. What were the perks on your work placement?
  • Sports and Social Club

    International Travel

    Company Parties/Events

    4/5

  • 11. How appealing are future employment prospects within the organisation?
  • I think BAML definitely stands out in the space of Equity Research and it is a very good company to work overall. I would thoroughly recommend them for internship/full time roles to people aspiring to work in Finance.

    5/5

    The Culture

  • 12. Was there a good social scene amongst any fellow placement students/colleagues?
  • I would say that Equity research there were a lot of analysts who are very worried in getting their offer, so things were not moving much. On the other hand HR did try to help a lot through a number of events so things were moving on that end a lot!

    3/5

  • 13. What was the cost of living and socialising in the area you worked in?
  • Pint of drink, not so expensive. Getting in a cab late at night very. I would say London is an expensive place, but I love it!

    4/5

  • 14. What was the Nightlife like in the area you worked?
  • The City of London is a great place to go out for pubs/bars/restaus!

    5/5

  • 15. Were there many opportunities to get involved in activities outside of work?
  • London - YES!!!! The question is, do you have the time? I think as a full time equity analyst you will probably have the time to be involved a lot outside the bank not to mention the fact that BAML has a lot of sponsorships programs in museums etc which are free for employees!

    5/5

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Details

Internship (1 Month+)

Investment Banking, Banking

London

August 2013


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