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VP Investment Banking

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Former Employee - Vice President  in  San Francisco, CA
Former Employee - Vice President in San Francisco, CA

I 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 ManagementAdvice

- 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

Recommends
Disapproves of CEO

Other Reviews for Banc of America Securities

  1.  

    Good

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

    I 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 ManagementAdvice

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

    Recommends
    No opinion of CEO
  2.  

    Great employer

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

    I worked at Banc of America Securities

    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
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