Banc of America Securities

  www.bofasecurities.com
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16 Employee Reviews (View Most Recent)

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Great employer

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Former Employee - Anonymous Employee
Former Employee - Anonymous Employee

Pros

fun; opportunities for advancement; long history; your boss will be very proactive in making sure you understand the concepts and skills needed to perform the job.

Cons

a large company may limit the amount of responsibilities you may have. because of financial crisis, job security may be a concern.

Advice to ManagementAdvice

make corporate structure more flat; offer more internship activities and events; senior management need to open the door. better mentorship

Recommends
Approves of CEO

Other reviews for Banc of America Securities

  1.  

    Merrill Lynch seems to be running the merger and may be the ruin of BofA if you don't watch out.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Research Department Professional  in  New York, NY
    Current Employee - Research Department Professional in New York, NY

    Pros

    Smaller operation within a huge corporation. BofA gave the Global Corporate & Investment Bank shelter.

    Cons

    The bureaucracy of a huge corporation when it came to benefits, etc.

    Advice to ManagementAdvice

    Stop being so enamored with growth. You overdid on the Countrywide and especially the Merrill Lynch acquisitions.

    No opinion of CEO
  2.  

    BAS - Not a bad place to work...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Investment Banking Associate  in  Dallas, TX
    Former Employee - Investment Banking Associate in Dallas, TX

    Pros

    BAS tends to be one of the more stable investment banks. They may not pay the highest on the street, but they also do not get hit as hard during the downturns.

    Cons

    Working for an investment bank tied to a commercial bank (in the pre-fallout era) did mean that you had to put up with some commercial banking PR garbage that was unnecessary. Stuff like corporate donations to various charities, training that was a waste of time for investment banking personell...etc. There were a few instances in 2007 of groups that received zero bonuses for the year, although this was laregly in groups that were MBS/ABS related.

    Advice to ManagementAdvice

    Senior Management has done an acceptable job in managing the investment bank, but they should let BAS have more autonomy from BAC.

    Recommends
    Approves of CEO
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