Spring Intern Review
at Bank of America
Insight / Vacation Scheme (< 4 Weeks)
Investment Banking, Information Technology
London
Review Submitted: April 2021
Overall Rating
4.7 /5
The Overall Rating is the average of all the ratings given in each category. We take those individual ratings and combine them into one final score!
4.5/5
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Overview of Experience
4.8/5
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Skills Development
4.8/5
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Company Culture
4.5/5
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Overall Experience
5/5
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Recommendations and Advice
Overview of Experience
Please give an overview of the insight and what was involved on a day-to-day basis.
Gained an insight into Global Corporate and Investment Banking (GCIB) and Technology at Bank of America.
For GCIB:
1. Networked with senior bankers from M&A, Capital Markets and Corporate Banking.
2. Gained an insight into the firm's strong client relationships via an introduction to an M&A case study.
For Technology:
1. Presented a cyber security case study to other Spring Interns.
2. Connected with representatives from across Global Technology.
For GCIB:
1. Networked with senior bankers from M&A, Capital Markets and Corporate Banking.
2. Gained an insight into the firm's strong client relationships via an introduction to an M&A case study.
For Technology:
1. Presented a cyber security case study to other Spring Interns.
2. Connected with representatives from across Global Technology.
What was it like understanding all about the business and potential roles available?
Bank representatives gave a clear insight into the internship opportunities available in the firm's various business areas.
Senior representatives from our chosen business lines gave a clear overview of the function of their division, and what role they play at the bank within their division.
Senior representatives from our chosen business lines gave a clear overview of the function of their division, and what role they play at the bank within their division.
Please rate how insightful you found the insight
5/5
How would you rate the structure of the insight
4/5
Skills Development
Have you learnt any new skills or developed existing skills?
I have learnt how to effectively network with Bank representatives, and retain strong relations with my network.
During the analysis of the M&A case study, I have developed a deeper understanding of what investment bankers look at when advising companies on their transactions, namely the technicals they leverage to value companies, and determine potential deal synergies.
During the analysis of the M&A case study, I have developed a deeper understanding of what investment bankers look at when advising companies on their transactions, namely the technicals they leverage to value companies, and determine potential deal synergies.
How would you rate the training provided during your experience?
5/5
How would you rate the knowledge learned around industry-specific skills during the experience?
4/5
How would you rate the knowledge learned around personal or professional skills during the experience?
5/5
Please rate how the knowledge learned has helped you with regards to your career development
5/5
Company Culture
How would you rate business leader involvement during the insight
5/5
What was the company culture and general atmosphere like?
On the first day, we played Musical Bingo, which was very enjoyable and showed Bank of America valued work-life balance.
We gained various insights during the week into the firm's deep commitment to charitable initiatives, namely its recent partnership with The Trussell Trust, and their continuing investments driving diversity and inclusion.
We gained various insights during the week into the firm's deep commitment to charitable initiatives, namely its recent partnership with The Trussell Trust, and their continuing investments driving diversity and inclusion.
How would you rate the inclusiveness of the culture?
5/5
How would you rate the networking opportunities?
4/5
Please rate how valued you felt during your insight?
5/5
Overall Experience
To what extent did you enjoy the insight?
The Insight was incredibly enjoyable. I particularly liked the networking session within Global Corporate and Investment Banking as this gave me a chance to gain a real insight into their work on deals, and the firm culture.
The M&A case study gave a really unique view of how a typical M&A deal lifecycle, and how the various sub-divisions get involved during the process.
The M&A case study gave a really unique view of how a typical M&A deal lifecycle, and how the various sub-divisions get involved during the process.
Please rate your level of enjoyment on the insight
5/5
Please rate how your experience met your expectations
4/5
Were you paid or reimbursed adequately for this experience?
I was not paid and had no expenses
Recommendations and Advice
Please rate the future employment prospects at Bank of America
5/5
Would you recommend Bank of America to a friend?
Yes
What tips or advice would you give to others applying to Bank of America
Know your CV inside-out. Be able to explain how each experience has contributed towards you wishing to work at an Investment Bank, and what skills can be transferred from each of your experiences.
For the M&A case-study during the Assessment centre, know some high-level technicals in some depth, namely Valuation Methodologies, Valuation Multiples, Enterprise Value vs Equity Value, 3 Financial Statements.
Try and network with those at Bank of America to understand company culture.
For the M&A case-study during the Assessment centre, know some high-level technicals in some depth, namely Valuation Methodologies, Valuation Multiples, Enterprise Value vs Equity Value, 3 Financial Statements.
Try and network with those at Bank of America to understand company culture.
