Investment Banking Summer Associate 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

3.4/5
  • The Role
    4.1
  • The Company
    2.9
  • The Culture
    2.9

    The Role

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

    • I enjoyed it as I felt I learnt a lot of new skills as well as learnt a lot of what the job entailed

    4/5
  • 2. To what extent did you feel valued by your colleagues?

    • I felt very valued by my colleagues in general as I was on live deals where my deliverables were very important to meet client deadlines

    4/5
  • 3. To what extent were you given support and guidance by management/your supervisor(s)?

    • This was a mix between a lot and a little. Most teams were very helpful, however, some expected us to know everything from day one and allowed no mistakes. This was unreasonable in my view (having interns work for me in my previous job) as it was a completely different industry and job nature. For instance, I had to build a valuation from scratch for one deal and unfortunately I made a few errors that were not critical, however, the reception I received was very negative with the manager expecting me to make no mistakes even though it was my first valuation.

    4/5
  • 4. How busy were you on a daily basis?

    • Extremely, this was a positive as I learnt a lot and the time flew by.

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

    • I was given a lot of responsibility which included building a live model for a valuation as well as leading client presentation creations.

    5/5
  • 6. To what extent did/will the skills you developed, and training you received, assist you in your degree studies and beyond?

    • I feel the skills are very important and helped me a lot when it comes to financial skills and sector knowledge, presentation and structure.

    5/5

    The Company

  • 7. What was the general atmosphere in your office?

    • This again depends a lot on the teams. Some teams had a very strong positive atmosphere and some it felt like no one smiled or laughed.

    4/5
  • 8. How well organised was the overall work placement or internship set up?

    • I believe this could be improved in the sense that in a pool system for associates, it should be structured in a way that one doesn't end up working too much with a team that might not have headroom for hiring. Additionally, reviews should be based on the team view of you as a whole, not strongly biased to an individual who might have wholly worked with you.

    3/5
  • 9. In terms of personal training and development, to what extent did the company or firm invest in you?

    • I feel the company really invests on an overall viewpoint in your development.

    5/5
  • 10. What were the perks on your work placement?

    • 1/5
  • 11. How appealing are future employment prospects within the organisation?

    • No Idea on this as we haven't been told as of yet (mainly worked with one team who with two weeks to go told the associates that there wasn't going to be any headroom in the team)

    3/5

    The Culture

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

    • Definitely every associate ended up getting along and we had like minded personalities

    4/5
  • 13. What was the cost of living and socialising in the area you worked in?

    • London is an expensive city but our pay helps us enjoy it

    2/5
  • 14. What was the Nightlife like in the area you worked?

    • Nightlife in London is great over the weekends. During the week, no chance to go out for dinner or drinks.

    4/5
  • 15. Were there many opportunities to get involved in activities outside of work?

    • There was too much work to do anything outside of work during the week.

    3/5
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Details

Internship (1 Month+)

Investment Banking

London

August 2016

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