Global Investment Banking & Capital Markets Summer Analyst (Nov 2024)

About Bank of America

Bank of America, among the world's largest financial institutions, serves a diverse clientele with a full range of banking, investment, and risk management services. With approximately 56 million U.S. consumer and small business relationships, the company is a global leader in wealth management and corporate banking. Its broad offerings and extensive reach position Bank of America as a significant player in the global financial landscape.

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Your role

The Global Investment Banking group serves the complex needs of a wide range of clients across sectors and regions. By developing long-term, trusted relationships with clients, the Global Investment Banking team offers innovative solutions as clients consider strategic and transformational transactions. Within a focused industry or product group, summer analysts help orchestrate capital raising and strategic advisory transactions.

What you’ll do:

As a summer analyst, your key tasks and responsibilities may include but are not limited to:

• Developing and maintaining complex financial models
• Performing various financial analyses, including valuations and merger consequences
• Conducting comprehensive and in-depth company and industry research
• Preparation of presentations and other materials for clients
• Participation in due diligence sessions, communications and interaction with deal team members
• Management of several projects at once and working effectively as an individual and as part of a team. Work on projects alongside bankers in specific industry, product and country coverage groups, providing you with a unique learning opportunity
• Help the team deliver solutions to clients leveraging the full spectrum of the bank's capabilities
• Develop and leverage upon a truly global network - learn from, and work with, teams consisting of professionals drawn from across the business, including senior bankers within your group, experts in other areas of the firm and colleagues from around the globe
• Build relationships, knowledge and experience that will open doors to a wide range of future career options and opportunities

Training, development & rotations

The Summer program is a 10-week program designed to provide Summer Analysts with a unique opportunity to gain exposure to life at Bank of America and also make significant contributions to the team. The Summer program begins with an orientation and induction to the firm. Summer Analysts are given a true associate experience, as assignments mirror full-time responsibility and include goal-setting and a formal review process.

Your training and development is their top priority with extensive formal training offered at the start of the program in addition to on-the-job support, educational speaker events and mentorship throughout. In some countries, Summer Analysts are placed in a generalist team which means a 'staffer' will staff you on projects in specific industry, product and country coverage groups. In others, Summer Analysts are placed directly with a specific team throughout the internship. Team placement is determined by considering business needs and the interests/skills of the Summer Analyst.

Industry

• Consumer Retail Healthcare
• Energy and Power
• Financial Institutions
• Global Industrials including Metals & Mining
• Real Estate & Gaming
• Telecom, Media & Technology

Product

• Financial Sponsors
• General Execution
• Mergers & Acquisitions

Benefits

Bank of America is committed to supporting Summer Analysts and providing them with the following benefits:

• Access to the bank’s learning hub containing a variety of learning resources, ranging from banking fundamentals to communication skills
• Structured and on-the-job training
• Networking and social opportunities
• Speaker series with senior management across all lines of business
• Corporate Social Responsibility project/learning
• Involvement in Diversity and Inclusion training/events

Career progression

At the end of the program, you can be considered for full-time employment upon graduation. They promote personalized skill development with access to diverse education options, allowing individuals to align with organizational culture and values while fulfilling objectives. Opportunities for growth at Bank of America are facilitated through leadership models, mentor programs, and inclusive support, empowering individuals to make informed career decisions and succeed at various levels.

Work-life balance

Bank of America prioritizes work-life balance by fostering personal connections among employees through clubs, networks, and various activities, contributing to a strong and inclusive workplace. The support for arts and cultural organizations grants employees premium access to museums and cultural events globally, promoting community engagement. Additionally, initiatives like Get Active! inspire employees to pursue a healthier lifestyle through team-based physical activity challenges, reinforcing a culture that values well-being and camaraderie.

Company culture

They are driven by a shared commitment to improving financial lives through meaningful connections. They emphasise responsible growth, prioritizing its global workforce's well-being through diversity, inclusivity, and competitive benefits supporting physical, emotional, and financial health. They foster a collaborative environment, providing career opportunities for individuals seeking personal and professional growth.

About you

What Bank of America is looking for:

• Penultimate year Undergraduate/Master’s student with outstanding academic achievement seeking a summer internship with a pipeline to 2025 full-time employment
• Must demonstrate a track record of superior performance in extracurricular and professional activities
• Demonstrate a combination of strong quantitative/analytical skills, attention to detail and client focus
• Strategic and creative thinking; distinguished written and oral communication skills
• Assertiveness, initiative, leadership, strong work ethic, team focus
• Ability to learn quickly and take on new responsibilities. Comfortable with change and adjusting to changing demands and requirements
• Demonstrates energy & drive and dedication to building a career in the investment banking industry
• Fluency in English is essential, appropriate Asian language skills are also essential

Source

The following sources were used in researching this page:

• careers.bankofamerica.com/en-us/benefits/career-growth
• careers.bankofamerica.com/en-us/benefits/part-of-the-package
• about.bankofamerica.com/en/working-here/employee-benefits
• careers.bankofamerica.com/en-us/culture/shared-interests