Banc of America Securities

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

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Former Employee - Analyst  in  Houston, TX (US)
Former Employee - Analyst in Houston, TX (US)

I worked at Banc of America Securities

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 ManagementAdvice

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.

No opinion of CEO

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

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  1.  

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • 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

    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 ManagementAdvice

    - communicate better with MDs

    No opinion of CEO
  2.  

    Top Notch

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Investment Banking Analyst  in  Charlotte, NC (US)
    Former Employee - Investment Banking Analyst in Charlotte, NC (US)

    I worked at Banc of America Securities

    Pros

    * Compensation
    * Colleagues are some of most intelligent in the industry
    * Great place to network for future opportunities
    * Good deal flow
    * Resume builder with experience at a bulge bracket bank

    Cons

    * Tough work/life balance
    * Not a place to work if you thrive on positive feedback
    * Little to no communication with senior management

    Advice to ManagementAdvice

    Thank you for the opportunity and experience.

    Recommends
    Approves of CEO
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