Banc of America Securities

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

 

Your Mileage May Vary

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Former Employee - Tech Analyst in New York, NY (US)
Former Employee - Tech Analyst in New York, NY (US)

I worked at Banc of America Securities

Pros

Some great and talented people work here
Salary is good

Cons

Offices other than the BOAT [Bank of America Tower] are pretty mediocre

Everything depends on your immediate and one level up manager, if they aren't appreciate of their workers, don't expect any recognition.....at all

Advice to ManagementAdvice

Stop bringing in outsiders to run the company, grow talent from within, seriously, you have some really gifted people in mediocre mid management roles, seek them out!

No opinion of CEO

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

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  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.  

    VP Investment Banking

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

    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
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