Summer Analyst 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
    4.1
  • The Company
    4.1
  • The Culture
    2.6

    The Role

  • 1. To what extent did you enjoy your work placement or internship?
  • A steep learning curve but constantly surprising and interesting, with people around you (including senior management) always willing to talk, provide advice and take time to explain assignments.

    4/5

  • 2. To what extent did you feel valued by your colleagues?
  • Colleagues are very helpful and supportive on the whole, open to questions and discussion.

    5/5

  • 3. To what extent were you given support and guidance by management/your supervisor(s)?
  • Management structure was very clearly set out; first few weeks lacked much structure in terms of work, but things picked up after that. Guidance was provided more by supervisors of individual projects than by my staffer.

    4/5

  • 4. How busy were you on a daily basis?
  • Hours are long but not ridiculous, especially for an investment bank. For the first couple of weeks there was not much to do, but things picked up quickly and I soon had a good balance of projects to work on.

    4/5

  • 5. How much responsibility were you given during your placement?
  • Where possible, I was given the responsibility of delivering work to superiors and providing analyses, but given the nature of the industry it is normally not possible to take on too much with respect to major clients, important meetings, etc. It is more of a support function at this stage, although you will be invited to listen in on calls between agents in the bank and clients on a fairly regular basis.

    4/5

  • 6. To what extent did/will the skills you developed, and training you received, assist you in your degree studies and beyond?
  • Besides the technical know-how you acquire, working in a high-functioning, high-pressure environment such as that in an investment bank is extremely valuable, both in terms of managing yourself (your time, your focus on particular areas, networking) and others (their expectations of you, their trust in you, how they communicate with you etc.). Whether you are planning on entering the industry or not, it's a great experience to have under your belt.

    5/5

    The Company

  • 7. What was the general atmosphere in your office?
  • Hardworking but positive - people are dedicated, but interesting and fun to work with.

    4/5

  • 8. How well organised was the overall work placement or internship set up?
  • Very structured in all aspects, except perhaps in providing structured projects in the first two weeks to enable us to add as much value as possible.

    4/5

  • 9. In terms of personal training and development, to what extent did the company or firm invest in you?
  • BofAML expects a lot, but employees are rewarded very well, both financially and in terms of career progression and other support systems. Welfare is considered as vitally important to the HR model.

    5/5

  • 10. What were the perks on your work placement?
  • Flexi Time

    Subsidised Canteen

    Sports and Social Club

    Company Car

    Subsidised/Company Gym

    National Travel

    International Travel

    Financial Bonus

    Company Parties/Events

    Staff Sales/Staff Shop

    Above 25 days holiday

    Working from home

    Healthcare from home

    Healthcare/Dental

    Travel loan

    5/5

  • 11. How appealing are future employment prospects within the organisation?
  • Undecided as yet - it's clear that the work is tough and your job will come before many other things. If that's your bag, go for it. BofAML is likely to be one of the best places to start a financial services career.

    4/5

    The Culture

  • 12. Was there a good social scene amongst any fellow placement students/colleagues?
  • The people hired are generally interesting, with varied backgrounds and good social skills. The intern class is large but there were only a handful in my division, so we became quite a tight-knit group.

    4/5

  • 13. What was the cost of living and socialising in the area you worked in?
  • It's London - it's very expensive. Usually the salary is enough to outweigh this though.

    2/5

  • 14. What was the Nightlife like in the area you worked?
  • I didn't go out particularly often, but London has a great nightlife, regardless of your preferences. Having said that, it can be very, very expensive.

    3/5

  • 15. Were there many opportunities to get involved in activities outside of work?
  • Not connected to the Bank necessarily, but being in London there is always something going on.

    3/5

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Details

Internship (1 Month+)

London

July 2014


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