Bank of America

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Company
Bank of America
Headquarters
Charlotte, NC
Employees
10,000 +
Industry
Finance

Representation - Gender Identity

50.0%
Male
50.0%
Female

Representation - Race

13.0%
Black
12.7%
Asian
17.2%
Latinx
0.7%
Native American
54.4%
White
Other

Handling the application process

July 7, 2020

To make your application stand out, you should highlight the broad range of things you do/are interested in. Some people who particularly capture attention are those from non-traditional backgrounds because you have a unique opportunity to share your story (That being said, make sure you have a story/know your story). This industry is changing and is becoming more tech-based (with a need for algorithms, etc.) and we need more of those with that expertise, who can share the ways their experiences can contribute to this changing experience.

July 7, 2020

The best way to prepare for an interview is to learn how to share your story, especially if you're coming from a non-traditionally background.

July 2, 2020

Network with professionals already in the field, and participate in anything that you can that's related to the field. Show effort and initiative before you apply to set yourself apart. We used to have a program called Diversity Insight Week, and it's a good idea to apply to that.

July 2, 2020

Banking is pretty uniform in how you should prepare. They'll test your behavioral skills, technical skills, and industry knowledge. Reach out to people that have done it before and utilize the resources that have been around for a while. The questions don't change much between firms.

Navigating the company culture

July 7, 2020

Right away, you should learn as much as you can as quickly as you can when you start. I was fascinated by corporate trading bonds, etc. and so I really dove into learning about them/I enjoyed learning about such things and that equipped me with the tools to be ready. Those who enjoy learning about the field the most are typically those who will be most successful in that field (You can learn in a variety of ways, from watching youtube videos, to reading, to so much more)

July 2, 2020

Be extremely eager and willing. A combination of that and quality work will have you looked upon favorably.

Succeeding in the promotion process

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Negotiating salary & benefits

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Shaping your career development

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July 26, 2020

Invest Credit Sales Associate

tenure:

3-5 years

Application and interview process

The promotion process, as far as I can tell, is fair. You can get promoted to associate if you do a good job by your second year! Early promotions are appearing to be continuously in my favor. There have, however, been some miscommunications with others. Others have reported that the promotion may not have been as straightforward, although I can’t necessarily fully speak to their experience.

Promotion discussions

The promotion process, as far as I can tell, is fair. You can get promoted to associate if you do a good job by your second year! Early promotions are appearing to be continuously in my favor. There have, however, been some miscommunications with others. Others have reported that the promotion may not have been as straightforward, although I can't necessarily fully speak to their experience.

Company culture

Bank of America is really fun! At the end of the day, when you’re interviewing for firms, they have very similar credits, systems, and structures. But the deciding factor for me was the people. I definitely connected with the Bank of America staff the most. Plus it was helpful already knowing people who worked there.

Company culture

There is also a good work/life balance, especially early on. My average hours are from 6:30am to around 6:00pm which isn’t bad at all in this field. I’m also a morning person so these hours are particularly ideal for me. And the hours definitely improve/grow more relaxed the longer I’m here.

Company culture

I’m excited to go to work everyday. In this environment, I’m motivated to share as many bonds as I can!

July 5, 2020

Investment Banking Analyst

New York, NY

tenure:

1-3 years

Company culture

Work-life balance is minimal to be honest. I definitely have to hit a switch in the workplace. Around my analyst class, I’m perfectly comfortable, but around others, I’m definitely hitting that corporate switch.

Company culture

Overall the culture is pretty good. Once you get into banking, you’ll see certain personalities that aren’t great, but the majority of people are really helpful. For the people that look like me, they’re open to helping out. You might just have to take it upon yourself to reach out.

Diversity programs

We have our resource groups, and there have not been many events so far. However, it is picking up steam which is promising. Another analyst had to reach out to make me aware of the resource group mailing list. Initially, awareness of the meetings was low also. At the end of the day, you don't really get to participate in the programs in investment banking.

Diversity programs

Mentorship is up to you; I was able to find one myself who was extremely helpful. Currently, I don’t have any formal mentors at the firm (the one during my internship left), but I’ve reached out to leadership and they’ve been helpful. But there’s no program that places you with a mentor, unless you’re an intern.

Relationships with manager(s)

My managers try sometimes, but it’s limited interactions. Most of the time when you’re talking to them, you’re discussing a deal. I wouldn’t say that the relationship is bad, but it’s nothing great. It’s just the nature of investment banking overall. People are always busy and stuck in their own lane.

May 28, 2020

Trade Allocations

Charlotte, NC

tenure:

No items found.

July 31, 2020

Overall

Salary

Invest Credit Sales Associate

tenure

3-5 years

Diversity

Representation

Recruiting and retention

Diversity programs

role transparency

Accuracy of job requirements

Accuracy of job description

opportunity

Promotion and upward mobility

Training and career development

Contribution to work

environment

Work-life balance

Work flexibility

Work inclusiveness

July 3, 2020

Overall

Salary

$85,000

Investment Banking Analyst

New York, NY

tenure

1-3 years

Diversity

Representation

Recruiting and retention

Diversity programs

role transparency

Accuracy of job requirements

Accuracy of job description

opportunity

Promotion and upward mobility

Training and career development

Contribution to work

environment

Work-life balance

Work flexibility

Work inclusiveness

January 13, 2020

Overall

Salary

$64,000

Trade Allocations

Charlotte, NC

tenure

Diversity

Representation

Recruiting and retention

Diversity programs

role transparency

Accuracy of job requirements

Accuracy of job description

opportunity

Promotion and upward mobility

Training and career development

Contribution to work

environment

Work-life balance

Work flexibility

Work inclusiveness

No items found.