Bank of America Securities - It was a good entry level position after college, but glad I've moved on. | Glassdoor
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"It was a good entry level position after college, but glad I've moved on."

Star Star Star Star Star
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Financial Analyst
Current Employee - Financial Analyst
No opinion of CEO

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 Management

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.

Other Employee Reviews for Bank of America Securities

  1. "Banc of America Securities"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Banking Analyst
    Former Employee - Investment Banking Analyst
    No opinion of CEO

    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 Management

    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.


  2. Helpful (1)

    "Bank of America Securities LLC/Merrill Lynch"

    Star Star Star Star Star
    Former Employee - Trader in New York, NY
    Former Employee - Trader in New York, NY
    Doesn't Recommend
    Neutral Outlook

    I worked at Bank of America Securities full-time (More than 3 years)

    Pros

    Excellent derivatives platform and brokerage arm.

    Cons

    Purchase and consolidation with Merrill Lynch.

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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