Summer Associate at Bank of America

Top Employer
Duration
Placement (5-9 Months)
Region
London Central London and City
Review Date
Salary
£24,000 - £25,999
Roles
Banking - Investment

Connect with this company

Bank of America is a Top Employer

6.7/10

The Role
5.8
Organisation
7.4

Socialising

7.2

The Role

Role Description

1 week training, then 2 rotations of 4 week each

1. To what extent did you enjoy your work placement or internship?

My first placement was a big disappointment. I had no work, the team wasn't interested in me, they did not include me in their daily business. This was very disappointing considering that I had worked 7 years in that area and was more qualified than some of the team members. It was a real waste of time and very boring. They did also not introduce me to anyone, etc.
The second rotation was massively different (Equity Derivative Sales). I had a fantastic time there. The people were interested to get to know me, test my knowledge, have me involved in the business and have me contributing. I really enjoyed my time at that desk and learned a lot.

5/10

Imagine yourself working at Bank of America

RateMyPlacement is currently advertising 10 roles at Bank of America

View jobs now →

2. To what extent did you feel valued by your colleagues?

Again, during my first rotation I did not feel valued at all, apart from one person in the team. In my second rotation I felt highly valued and respected.

5/10

3. To what extent were you given support and guidance by management/your supervisor(s)?

Not sure what you mean with management. The term is too large

5/10

4. How busy were you on a daily basis?

1st rotation: not busy at all. very boring
2nd rotation: very busy, but still had the time to learn, sit with people and just observe. A perfect balance

5/10

5. How much responsibility were you given during your placement?

1st rotation: No responsibility, not much involvement. I was given 'pro forma' analysis work that nobody was interested in at the end.
2nd rotation: I had little responsibility as it was a trading sales desk. However, the involvement was high

6/10

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

The one week of training was very good. A perfect transission back into professional life. In general, I learned a lot during the internship, also personally

9/10

Imagine yourself working at Bank of America

RateMyPlacement is currently advertising 10 roles at Bank of America

View jobs now →

The Organisation

7. What was the general atmosphere in your office?

6/10

8. How well organised was the overall work placement or internship set up?

just wrong first placement. I can really not recommend Merrill Lynch to place any interns at that desk. The internship offers the opportunity to find a job, but if you place interns at desks that are not interested in having an intern that becomes pretty frustrating.

9/10

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

excellent first week of training and thereafter continuously speaking sessions

9/10

10. What were the perks on your work placement?

  • Subsidised Canteen
  • Healthcare from home
6/10

11. How appealing are future employment prospects within the organisation?

7/10

Social

12. Was there a good social scene amongst any fellow placement students/colleagues?

8/10

13. What was the cost of living and socialising in the area you worked in?

most of the socialising was sponsored by Merrill Lynch

8/10

14. What was the Nightlife like in the area you worked?

6/10

15. Were there many opportunities to get involved in activities outside of work?

7/10

Imagine yourself working at Bank of America

RateMyPlacement is currently advertising 10 roles at Bank of America

View jobs now →