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Banc of America Securities

www.bofasecurities.com
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Slow deal flow, lots of hours, but excellent learning curve.

  • Comp & Benefits
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Analyst in Houston, TX (US)
Former Employee - Analyst in Houston, TX (US)

I worked at Banc of America Securities

No opinion of CEO
No opinion of CEO

Pros

BofA had an excellent investment banking analyst training course. The learning curve of an investment banking analyst cannot be beat, although this is true of almost any investment bank. Benefits and bonus seemed fair, given I was toward the top. Although deal flow was slow, the deals I did work on were also extremely educational.

Cons

Hours, hours, hours wasted on pitches that were never technically scheduled! Also many hours spent in the office simply because that was what was expected, but did not seem necessary.

Advice to Management

I do not mind working hard, but I like to see some results from the effort. I also felt there were definitely times when managers required the analyst to be at the office simply for the sake of being in the office.

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  1. Worked at BofA during the financial turmoil of 2008, as an analyst

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Analyst in New York, NY (US)
    Former Employee - Analyst in New York, NY (US)

    I worked at Banc of America Securities

    No opinion of CEO
    No opinion of CEO

    Pros

    - comparable to other financial institutions in analyst pay and benefits

    Cons

    - hired way too many analysts than were jobs available
    - did not communicate warnings, or information about analyst career oppportunities and where the company was headed (and did not quell negative rumors either)
    - managers were confused and could not lead teams effectively under duress from above issue

    Advice to Management

    - communicate better with MDs

  2. Your Mileage May Vary

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • 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

    No opinion of CEO
    No opinion of CEO

    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 Management

    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!

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

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