Banc of America Securities Reviews

Former Employee – worked at Banc of America Securities full-time for more than 3 years

Pros – Excellent derivatives platform and brokerage arm.

Cons – Purchase and consolidation with Merrill Lynch.

No, I would not recommend this company to a friend

Former Employee – worked at Banc of America Securities full-time for more than a year

Pros – *Salary and benefit package was generous,better than most other local employers.
*Plenty of growth opportunity should be available in this large company, though relocation would be required.
*Convenient location, easy access to major highways.

Cons – *Secretive, closed-door management style, apparently from the top down
*Management team was aloof, usually behind closed doors and rarely acknowledged your presence when they walked through the office.

Advice to Senior Management – Share more with your employees

No, I would not recommend this company to a friend

Former Employee – worked at Banc of America Securities

Pros – BAS gives you the same basic training as any other Investment Bank and deal flow in certain areas is very strong

Cons – Not being in NY can be challenging and working within the ever changing org structure can become very frustrating over time

Advice to Senior Management – Advice would include better feedback and provide more stable work environment by not constantly re-organizing product areas and promote better communication across geographic regions

Former Employee – worked at Banc of America Securities

Pros – BofA had an excellent investment banking analyst training course. The learning curve of an investment banking analyst cannot be beat, although this is true of almost any investment bank. Benefits and bonus seemed fair, given I was toward the top. Although deal flow was slow, the deals I did work on were also extremely educational.

Cons – Hours, hours, hours wasted on pitches that were never technically scheduled! Also many hours spent in the office simply because that was what was expected, but did not seem necessary.

Advice to Senior Management – I do not mind working hard, but I like to see some results from the effort. I also felt there were definitely times when managers required the analyst to be at the office simply for the sake of being in the office.

Former Employee – worked at Banc of America Securities

Pros – - comparable to other financial institutions in analyst pay and benefits

Cons – - hired way too many analysts than were jobs available
- did not communicate warnings, or information about analyst career oppportunities and where the company was headed (and did not quell negative rumors either)
- managers were confused and could not lead teams effectively under duress from above issue

Advice to Senior Management – - communicate better with MDs

Former Employee – worked at Banc of America Securities

Pros – * Compensation
* Colleagues are some of most intelligent in the industry
* Great place to network for future opportunities
* Good deal flow
* Resume builder with experience at a bulge bracket bank

Cons – * Tough work/life balance
* Not a place to work if you thrive on positive feedback
* Little to no communication with senior management

Advice to Senior Management – Thank you for the opportunity and experience.

Yes, I would recommend this company to a friend

Former Employee – worked at Banc of America Securities

Pros – Some great and talented people work here
Salary is good

Cons – Offices other than the BOAT [Bank of America Tower] are pretty mediocre

Everything depends on your immediate and one level up manager, if they aren't appreciate of their workers, don't expect any recognition.....at all

Advice to Senior Management – Stop bringing in outsiders to run the company, grow talent from within, seriously, you have some really gifted people in mediocre mid management roles, seek them out!

Former Employee – worked at Banc of America Securities

Pros – One gets the chance to work for a big player in the field as well be in a growing company.

Cons – It is a growing company so not so much deals, plus the economy is terrible. Lost of hours so be prepared.

Advice to Senior Management – reduce the hours of the employees to make them happy and keep them, or else they leave to do other jobs

Yes, I would recommend this company to a friend

Former Employee – worked at Banc of America Securities

Pros – I really enjoyed the people I worked with. The analytical skills taught were exceptional in addition to client time. I would work there again.

Cons – Not enough exposure to clients

Advice to Senior Management – Involve people below senior level management more exposure to clientele and have them involved in the winning business process rather than solely execution.

Yes, I would recommend this company to a friend

Former Employee – worked at Banc of America Securities

Pros – - relatively stable investment bank with true universal bank platform
- no "cut throat" competition among bankers
- great place to learn and get exposure
- some senior bankers are great to work for and very supportive and it is easy to identify them

Cons – - poor management and lack of information sharing
- limited deal flow, difficult for large clients to look past the traditional commercial banking platform...although the ML acquisition may change that perspective
- disproportionate time spent on elephant hunting (marketing/pitching to big clients for big deals)

Advice to Senior Management – - share information, involve bankers with decision making
- leverage junior and mid level bankers to do more than create pitch books
- pay at least street comp

Yes, I would recommend this company to a friend