Bank of America Securities

www.bankofamerica.com
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VP Investment Banking

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

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 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

Other Employee Reviews for Bank of America Securities

  1. Great employer

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

    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 Management

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


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

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Research Department Professional in New York, NY
    Current Employee - Research Department Professional in New York, NY
    No opinion of CEO

    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 Management

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


There are newer employer reviews for Bank of America Securities
There are newer employer reviews for Bank of America Securities

See Most Recent

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