Summer Analyst - Invetsment Banking Division (M&A) Review

Very meaningfull work, the most mundane work was given to full time analyst so we, interns, had the most interesting part. Lots of opportunities to meet Bofa others employees and all the interns were very friendly in IBD. Also internships in Investment banking division (ie M&A) at Bofa are really special because you do not rotate on one or two desks during the summer. Instead you have a staffer which give you work depending on team needs (and needs are HUGE!). Usually the staffer is really helpful and will try to give you assignment with the team you want to work with. This is a great thing because if you want to work with some specific teams, for instance Healthcare or Real Estate, you can ask the team directly for work, then they will call you staffer so you can actually work with the team you want if you stay proactive. This way almost everyone received an offer from the team they wanted to join.

Highly valued, people are always understanding and they tell you when they are happy of your work. Otherwise they try to be constructive if something is wrong. One guy was not really cool though, he made me stay late even if not needed twice, but he was really nice and respectful apart from that and he's one among a couple dozen. Some other interns were also handed boring work, but this is a small minority and usually once you prove yourself they give you interesting things to do. Just try to stay away from comps!! ;)

It really depends on your needs. Bankers are really busy but they will always take some time to explain you something if you ask for help. You should not ask stupid questions or come every 5 minutes though, but usually it goes well. You will also be told early if they like your work or not, and usually during the mid-review, it starts to be clear who is going to get an offer and who is not. In the latter case, you will be given advices on what to do though, so you still stand a chance providing that you are smart and proactive

Highly specific issue. In some group everyone was busy until 1 am, in some other you could leave at 10 pm. It really depends on the amount of work you undertake and the people you work with. The more you work, the more you learn and the more likely you are to get an offer because you will be exposed to a lot of people. But if you do not want to work you can also manage to avoid being staffed and leave early everyday. This is not the goal of this kind of internship though so you should look for another job in such a situation. On average, interns would leave around 11pm, with high variations depending on people/team/day

Lots of responsibilities. You get the work of a full time analyst, and if you are good then you will get even more interesting work. Opportunity to really learn a lot .

Definitely. This is really like being in a full time job. More than the technical skill which are also valuable, you learn how to interact, network, talk and behave in a corporate environment. You will take coffees with MD or have lunch with senior guys so it is important to act responsibly and this is really efficient in terms of training. You also develop self-confidence for being treated like a full time employee. This is really a strong experience and one should really take the opportunity to do it. But more than anything, this is about what you do with it and if you are not proactive, eager and willing to learn a lot and meet people, then this going to be a very long summer with little interest except money. Baml gives you a lot of autonomy so if you do no efforts, you will take nothing from the internship.

Great atmosphere, everyone was really helpful, friendly and even if bankers are really busy, they will always take some time to take a coffee with you if you ask. This is banking not marketing though, so it remains serious and busy. But employees are under 30 so very young environment and really good atmosphere across the floor

Very well organised. cf previous questions for explanation on the "staffing" but lot of autonomy in terms of team choice and work. There is 0% chance that you end up working with a team you do not like and you will always get some work if you ask for. If you do not want to work, it is still possible though, but just be ready to take less from the internship than some other would (and also, you will not get a job at the end!)

One week and a half of training, lots of speech from very senior people and lots of opportunity to meet and even work for another division if you want to. For instance in my division (M&A) some interns spent a few days one the trading floor with sales teams or with the DCM and Levfin teams.

I got a job offer, so did rougly 70-80% of the intern class in M&A

Very good, no problem for anyone and nothing to say about that.

London is really expensive for everything, and the city of London is even worse but the pay is really good so this should not be a problem for anyone

West end and shoreditch in 5mn by cab from the office, a little bit more by tube but still way better than in canary wharf. Saint Paul area is very nice

Charity work and a few other stuff, but mostly for full time employee. Pub every friday evening but I do not know if it really fits in this category ;)