Banc of America Securities

www.bofasecurities.com
There are newer employer reviews for Banc of America Securities

 

It was a good entry level position after college, but glad I've moved on.

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Financial Analyst
Current Employee - Financial Analyst

I have been working at Banc of America Securities

Pros

The team leaders were strong and supportive. And the comradeship between the analysts and associates was incredible. Also, I think we had one of the best Quantitative Support teams in the business.

Cons

Beyond the individual team leadership, there was practically none. No clear direction for the company or the business units. Senior executives were absent. The company handled the merger with Merrill Lynch incredibly poorly. I still understand there is animosity between the two loyalties.

Advice to ManagementAdvice

Try to develop more of a horizontal structure. It's important for the young people (and old people) to see they have support from management and understand the goals of the company.

No opinion of CEO

17 Other Employee Reviews for Banc of America Securities (View Most Recent)

Sort: Rating Date
  1.  

    Banc of America Securities

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Investment Banking Analyst
    Former Employee - Investment Banking Analyst

    I worked at Banc of America Securities

    Pros

    The Leveraged Finance group provided me with a rigorous and challenging experience. I learned a lot, and made some very good friends (at the analyst and at the associate level). Coming out of the analyst program, I had a solid fundamental understanding of finance and the debt side of the capital markets.

    Cons

    Compared to friends at Morgan Stanley, Wachovia, etc., I had to be VERY secretive when I was exploring new jobs in private equity. My friends at the aforementioned firms did not - in fact, their firms offered WORKSHOPS for PE interviews (including question answering, model workshops, case study workshops, etc.). We had no such thing, and on top of that I felt like I had to be ridiculous shady about interviewing for fear of getting fired (we were mid layoffs). In the end, I however, I could confide in colleagues with whom I was close and it all worked out, but it was pretty disconcerting to have to be so secretive.

    Advice to ManagementAdvice

    Be clearer with employees about plans for the future and changes happening to the group. Also, the review process was flawed - my comments wouldn't necessarily match my "score," and it was absurd when my friends and I would compare our reviews; it was like they literally just changed the name on the review.

    No opinion of CEO
  2. 1 person found this helpful  

    Bank of America Securities LLC/Merrill Lynch

    Former Employee - Trader in New York, NY
    Former Employee - Trader in New York, NY

    I worked at Banc of America Securities full-time (more than 3 years)

    Pros

    Excellent derivatives platform and brokerage arm.

    Cons

    Purchase and consolidation with Merrill Lynch.

    Doesn't Recommend
    Neutral Outlook
There are newer employer reviews for Banc of America Securities

Work at Banc of America Securities? Share Your Experiences

Banc of America Securities

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.