Global 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.

To know more, watch this video:

Your role

Global Markets provides banking products and services through Bank of America and trading and other broker-dealer products and services, including research through BofA Securities. Their institutional clients are across fixed-income credit, commodity and equity businesses. Global Markets product coverage includes securities and derivative products in both the primary and secondary markets. They also work with their commercial and corporate clients to provide risk management products using interest rate, equity, credit and commodity derivatives, fixed-income and mortgage-related products.

To support their institutional investor clients globally in their investing and trading activities, the Global Markets team provides financing, securities clearing, settlement and custody services. They also work with their commercial and corporate clients to provide foreign exchange products.

What you’ll do (Key Responsibilities):

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

• Assist on sales, trading, and hedging activities
• Assess market trends and provide quantitative data for clients
• Perform market and quantitative research analysis
• Help originate, structure, and model transactions
• Assist in structuring, pricing, and executing trades
• Assist in building knowledge of clients' investment needs, assess market trends and macroeconomic themes, and help create appropriate solutions to meet clients' needs
• Assist in providing quantitative data and succinct, comprehensive explanations of complex concepts to clients
• Work with teams to develop marketing presentations that create interest in fixed-income and Equity products and develop new business
• Assist in developing new products and bringing them to market
• Assist in educating clients about complex structures and technical products

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.

Depending on location, Summer Analysts are either hired and placed directly with a specific team throughout the internship program or rotate through two or three different desks. Placement is determined after the hiring process matching the business needs and the interests/skills of the Summer Analyst.

• Global Equities
• Cash Equities & Derivatives
• Execution Services
• Global Markets Financing and Services
• Fixed Income, Currencies & Commodities
• Global Credit Products
• Global Commodities
• Global Rates & Currencies
• Global Loans & Special Situations
• FICC Sales & Structuring

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
• Mathematics, engineering, statistics, or programming background would be advantageous
• Strong interest in global financial markets and factors that impact them
• Extensive Excel and modelling skills
• Strong quantitative and analytical skills
• Effective verbal and written communication
• Comfortable with change and adjusting to changing demands and requirements
• A strong team player and client-focused
• Demonstrates energy and drive
• Creative thinking and problem-solving skills
• Demonstrate a keen interest in the business you are applying to
• Fluency in English is essential, appropriate Asian language skills are also essential for some roles and countries
• For some roles in Global Markets, coding skills are desired but not mandatory. Please try your best to answer the two coding challenges in the video interview but if you are unable to do so, you may skip to the end. Be sure to complete your video interview submission if you are skipping the coding challenges.

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