Bank of America Internship

 
Bank of America Internships
4.67 out of 5

15 review(s)
Headquarters:
Charlotte, NC
Employees:
300,000
Annual Interns:
3,000
Profile Views: 30145

Bank of America

Internship Overview
Internship Rating (Avg): 4.67 out of 5
15 Intern Reviews
Avg Bank of America Intern Salary: $21.92 per hour
19 Intern Salaries
Did you intern at Bank of America? Add Salary or Add Review
 

Bank of America Internship Program Information

Bank of America hires about 3,000 interns a year. Bank of America internships are paid and also offer two paid days off if you work more than 10 weeks.

Internship Perks

Bank of America internship benefits: Interns that work more than 10 weeks are treated as temporary associates for benefits purposes, with access to perks such as Associate Banking and two paid days off Chance to meet and interact with senior executives at a variety of meetings and receptions Volunteer and social activities are great opportunities to meet other interns Work will be measurable, challenging and realistic Practice interacting with managers and demonstrating your business acumen Paired with a mentor for one-on-one guidance*

About Bank of America

Bank of America internships are more impressive than a line on your resume. Interns work alongside full-time associates performing real tasks with the potential for measurable impact on business. The skill-building and networking opportunities will also make a difference after graduation. Bank of America internships are offered in the the United States, Canada, Europe, Asia and Australia. Internships are available to full-time undergraduate or graduate students attending an accredited college/university who also meet the following requirements: Overall GPA of 3.0 or above Non-graduation status (graduation date no earlier than August of the next year in which your internship takes place) Ability to work 40 hours per week for the entire program (10-12 weeks) Internships typically begin in May/June and continue through August. The application deadline is mid-February of each year, and open positions are usually filled by mid-April.* Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company provides unmatched convenience in the United States, serving more than 59 million consumer and small business relationships with more than 6,100 retail banking offices, nearly 18,700 ATMs and award-winning online banking with nearly 29 million active users. Following the acquisition of Merrill Lynch on January 1, 2009, Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to more than 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients in more than 40 countries.*

Internship Resources & Links

Bank of America Campus Recruiting: here
Campus Events: here
Internships: here
Analyst Internships: here
Associate and PhD Internships: here
19 Bank of America Intern Salaries
Financial Advisor Intern: $12.50/hour
Fincial Analyst Intern: $24/hour
Operations Analyst: $21/hour
FMAP Intern: $20/hour
Global Markets Operations Intern: $21/hour
Technology Analyst Program Intern: $25/hour
GBAM Sales & Trading Program Intern: $19/hour
Operations Analyst Intern: $20/hour
FMAP Intern: $21/hour
Summer Business Analyst Intern: $24/hour
Investment Banking Summer Analyst: $28/hour
Global Commercial Banking Summer Analyst: $22/hour
Treasury Management Summer Intern: $21/hour
Capital Markets Summer Analyst: $27/hour
Finance Intern: $21/hour
Technology Analyst Intern: $28/hour
Retail Banking Group Intern: $19/hour
Corporate Treasury Group Intern: $21/hour
Corporate Investments Group Intern: $5,000/month
15 Bank of America reviews posted anonymously by former interns:
"Great beginner internship"
Position: Financial Advisor Intern
Location: New York
Pay: $12.50/hour
Duration: 10 weeks
Review posted on 8/7/2014
I gained real world experience:
1
2
3
4
5
Strongly Agree
My boss treated me with respect:
1
2
3
4
5
Strongly Agree
I enjoyed my fellow co-workers:
1
2
3
4
5
Strongly Agree
The work I performed was interesting:
1
2
3
4
5
Agree
I feel better positioned to gain a fulltime job:
1
2
3
4
5
Agree
Overall, I was satisfied with my internship:
1
2
3
4
5
Strongly Agree

Pros:

You are placed with a team of financial advisors and really get to become familiar with how Merrill Lynch wealth management runs.
This is a great learning experience for someone who doesn't have much knowledge on the subject and would like to know more about how financial advisors operate.

Cons:

You may have a bit of down time here and there but this can easily be fixed by self interest in reading bofa research and self educating.
This was a new program this year are there are still some kinks

Advice for other students:

Definitely a good stepping stone
 
"Good experience at large bank with reputation"
Position: Fincial Analyst Intern
Location: Boston, MA
Pay: $24/hour
Duration: 12 weeks
Review posted on 1/21/2013
I gained real world experience:
1
2
3
4
5
Agree
My boss treated me with respect:
1
2
3
4
5
Strongly Agree
I enjoyed my fellow co-workers:
1
2
3
4
5
Agree
The work I performed was interesting:
1
2
3
4
5
Agree
I feel better positioned to gain a fulltime job:
1
2
3
4
5
Strongly Agree
Overall, I was satisfied with my internship:
1
2
3
4
5
Agree

Pros:

Worked in BofA's corporate debt group.
- Deep dive into corporate debt, learned about analyzing financial statements, and worked with loan officers.
- Paid pretty well.
- Bank of America on the resume provides legitimacy.

Cons:

Felt more operational and less strategic.

Advice for other students:

Bank of America is a great place to learn. Overall, I was happy with my intern experience and knowledge gained.
 
"Sophomore rotational internship at BofA Merrill Lynch"
Position: Global Banking & Markets Intern
Location: New York, NY
Duration: 10 weeks
Review posted on 2/25/2012
I gained real world experience:
1
2
3
4
5
Agree
My boss treated me with respect:
1
2
3
4
5
Strongly Agree
I enjoyed my fellow co-workers:
1
2
3
4
5
Strongly Agree
The work I performed was interesting:
1
2
3
4
5
Strongly Agree
I feel better positioned to gain a fulltime job:
1
2
3
4
5
Strongly Agree
Overall, I was satisfied with my internship:
1
2
3
4
5
Strongly Agree

Pros:

This internship was a cool way to checkout BofA Merrill and get a taste of the business. There wasn't very man of us (sophomores) and we rotated between the Investment Banking Division and Sales & Trading. 5 weeks with each business unit.

Cons:

Not a ton of hands on stuff, more learning.

Advice for other students:

High GPA. Check if you're at a Target school.
 
"Operations summer internship at bank of america merrill lynch"
Position: Global Markets Operations Intern
Location: Charlotte, NC
Pay: $21/hour
Duration: 12 weeks
Review posted on 2/8/2012
I gained real world experience:
1
2
3
4
5
Agree
My boss treated me with respect:
1
2
3
4
5
Strongly Agree
I enjoyed my fellow co-workers:
1
2
3
4
5
Strongly Agree
The work I performed was interesting:
1
2
3
4
5
Agree
I feel better positioned to gain a fulltime job:
1
2
3
4
5
Strongly Agree
Overall, I was satisfied with my internship:
1
2
3
4
5
Agree

Pros:

Triparty Collateral Management Team at BofA. Led to a full-time offer upon graduation in Charlotte. Overall, good team and looking forward to starting their in the summer. Oh, we also had several fun Bank of America intern events.

Cons:

Some busy work.

Advice for other students:

If you can intern at Bank of America, grab it. Keep the GPA up.
 
"Rotational program at BofA Merrill Lynch in NYC"
Position: GBAM Sales & Trading Program Intern
Location: New York, NY
Pay: $19/hour
Duration: 9 weeks
Review posted on 1/15/2012
I gained real world experience:
1
2
3
4
5
Agree
My boss treated me with respect:
1
2
3
4
5
Strongly Agree
I enjoyed my fellow co-workers:
1
2
3
4
5
Strongly Agree
The work I performed was interesting:
1
2
3
4
5
Strongly Agree
I feel better positioned to gain a fulltime job:
1
2
3
4
5
Agree
Overall, I was satisfied with my internship:
1
2
3
4
5
Strongly Agree

Pros:

Really enjoyed it. I did the nine week rotational program within Institutional Electronic Trading, FX Sales, Execution Services and , and Relationship Management. This provided a good luck into the world of finance.

Cons:

Bank of America is a huge company and it's getting crushed in the media right now.

Advice for other students:

A lot of the big banks/investment firms do these rotational programs - I really recommend it because you'll get a look into the different units.
 
"US trust private wealth management"
Position: Summer Business Analyst Intern
Location: Hartford, CT
Pay: $24/hour
Duration: 12 weeks
Review posted on 11/14/2011
I gained real world experience:
1
2
3
4
5
Strongly Agree
My boss treated me with respect:
1
2
3
4
5
Strongly Agree
I enjoyed my fellow co-workers:
1
2
3
4
5
Strongly Agree
The work I performed was interesting:
1
2
3
4
5
Strongly Agree
I feel better positioned to gain a fulltime job:
1
2
3
4
5
Strongly Agree
Overall, I was satisfied with my internship:
1
2
3
4
5
Strongly Agree

Pros:

- I learned wealth management and service at the US trust level.
- Worked on a direct response mail campaign. It was very interesting to see the match and science behind this that Bank of America has.
- Internship performance plan.
- Portfolio strategy.
- Project on product and service solutions.
- I had a great manager.

Cons:

Wealth management is a completely different experience than investment banking, trading, or finance at a specific company. This is not a "con" but I think too many students think finance is finance - instead of learning what each function really does.

Advice for other students:

US Trust has an incredible reputation and if you're looking to get into wealth management, there is no better place.
 
"Real investment banking work"
Position: Investment Banking Summer Analyst
Location: New York, NY
Pay: $28/hour
Duration: 12 weeks
Review posted on 11/8/2011
I gained real world experience:
1
2
3
4
5
Strongly Agree
My boss treated me with respect:
1
2
3
4
5
Strongly Agree
I enjoyed my fellow co-workers:
1
2
3
4
5
Strongly Agree
The work I performed was interesting:
1
2
3
4
5
Strongly Agree
I feel better positioned to gain a fulltime job:
1
2
3
4
5
Strongly Agree
Overall, I was satisfied with my internship:
1
2
3
4
5
Strongly Agree

Pros:

I'm very thankful for the hands on investment banking experience that I received during my Bank of America internship. I worked on 3 major projects. The first was 3+ billion dollar automotive acquisition. The second was an asset managment company trying to restructure it's debt. And, the third was insurance company looking into a potential acquisition. The work and exposure was very interesting and I loved it. The people were nice and seemed more down to earth than other investment banks I've heard about.

Cons:

You'll work long hours if you accept a fulltime role.

Advice for other students:

Keep the GPA high. I know it can be painful, but GPA matters to these investment banks during the internship recruitment process.
 
"Client management and credit product analysis"
Position: Global Commercial Banking Summer Analyst
Location: Charlotte, NC
Pay: $22/hour
Duration: 12 weeks
Review posted on 8/31/2011
I gained real world experience:
1
2
3
4
5
Agree
My boss treated me with respect:
1
2
3
4
5
Strongly Agree
I enjoyed my fellow co-workers:
1
2
3
4
5
Strongly Agree
The work I performed was interesting:
1
2
3
4
5
Agree
I feel better positioned to gain a fulltime job:
1
2
3
4
5
Strongly Agree
Overall, I was satisfied with my internship:
1
2
3
4
5
Agree

Pros:

- Good people at BofA.
- Intern events held throughout the summer.
- Learned Moody’s Financial Analyst spreading tool.
- Created decks for Bank of America executives and clients. I was allowed to pitch some of my thoughts and given access to data.
- Overall, great summer experience at a corporate powerhouse.

Cons:

- Huge organization.
- Some down time without work.

Advice for other students:

Try to get an internship like mine summer before junior year so that you can line up an ibanking internship before senior year.
 
"Treasury department at Bank of America"
Position: Treasury Management Summer Intern
Location: Charlotte, NC
Pay: $21/hour
Duration: 12 weeks
Review posted on 8/29/2011
I gained real world experience:
1
2
3
4
5
Agree
My boss treated me with respect:
1
2
3
4
5
Strongly Agree
I enjoyed my fellow co-workers:
1
2
3
4
5
Agree
The work I performed was interesting:
1
2
3
4
5
Agree
I feel better positioned to gain a fulltime job:
1
2
3
4
5
Strongly Agree
Overall, I was satisfied with my internship:
1
2
3
4
5
Strongly Agree

Pros:

- Fascinating to work for two Treasury Sales Officers at Bank of America.
- Participated and observed client b2b client meetings.
- Created treasury decks and helped generate pricing pro formas.
- Good managers at BofA and huge bank. You get exposure to different parts of the bank that you aren't interning with.
- Intern events put on by the HR recruitment team.

Cons:

- Not rotational.
- Database work that I didn't enjoy to much.

Advice for other students:

Keep the GPA up and get an interview with Bank of America comes on campus.
 
"Intense and loved it"
Position: Capital Markets Summer Analyst
Location: New York, NY
Pay: $27/hour
Duration: 11 weeks
Review posted on 5/15/2011
I gained real world experience:
1
2
3
4
5
Agree
My boss treated me with respect:
1
2
3
4
5
Agree
I enjoyed my fellow co-workers:
1
2
3
4
5
Strongly Agree
The work I performed was interesting:
1
2
3
4
5
Strongly Agree
I feel better positioned to gain a fulltime job:
1
2
3
4
5
Agree
Overall, I was satisfied with my internship:
1
2
3
4
5
Strongly Agree

Pros:

Very smart group (I worked in media/telecom).
Enjoyed the other interns - smart bunch and we hungout outside of work in NYC.
Got a much better understanding of how to create models.
Loved the access that BofA gives you to real work.

Cons:

Some presentation work wasn't too interesting.

Advice for other students:

Take advantage of the access to all groups within the investment banking unit.
 
"Fun when I had work to do"
Position: Finance Intern
Location: Charlotte, NC
Pay: $21/hour
Duration: 10 weeks
Review posted on 4/27/2011
I gained real world experience:
1
2
3
4
5
Neutral "OK"
My boss treated me with respect:
1
2
3
4
5
Agree
I enjoyed my fellow co-workers:
1
2
3
4
5
Agree
The work I performed was interesting:
1
2
3
4
5
Strongly Agree
I feel better positioned to gain a fulltime job:
1
2
3
4
5
Agree
Overall, I was satisfied with my internship:
1
2
3
4
5
Agree

Pros:

When my boss asked me to forecast for some business units, I loved it. I was given freedom and I think he really used my work, which is exciting. Learned some models that they use - very complex and kind of above my head.

Cons:

Work load was hit or miss.

Advice for other students:

Bank of America looks great on the resume and often times internships lead to entry level jobs. Go for it.
 
"Loved it - best way to combine technology and banking"
Position: Technology Analyst Intern
Location: Charlotte, NC
Pay: $28/hour
Duration: 10 weeks
Review posted on 4/23/2011
I gained real world experience:
1
2
3
4
5
Strongly Agree
My boss treated me with respect:
1
2
3
4
5
Strongly Agree
I enjoyed my fellow co-workers:
1
2
3
4
5
Strongly Agree
The work I performed was interesting:
1
2
3
4
5
Strongly Agree
I feel better positioned to gain a fulltime job:
1
2
3
4
5
Strongly Agree
Overall, I was satisfied with my internship:
1
2
3
4
5
Strongly Agree

Pros:

- Felt like this group was in high demand.
- Extremely smart (and financially aware) technologists.
- Interns get to be in ideation meetings where traders and the tech group talk about programs on their wish list.
- Good pay.
- High demand for this group, so fulltime offers are easy to receive if you're good.
- Overall, loved working at Bank of America.

Cons:

- Sometimes felt limited by the programming languages that were chosen.

Advice for other students:

Don't be afraid to ask questions.
 
"Huge organization, but I got to do some real work"
Position: Retail Banking Group Intern
Location: Charlotte, NC
Pay: $19/hour
Duration: 10 weeks
Review posted on 4/23/2011
I gained real world experience:
1
2
3
4
5
Neutral "OK"
My boss treated me with respect:
1
2
3
4
5
Agree
I enjoyed my fellow co-workers:
1
2
3
4
5
Strongly Agree
The work I performed was interesting:
1
2
3
4
5
Agree
I feel better positioned to gain a fulltime job:
1
2
3
4
5
Strongly Agree
Overall, I was satisfied with my internship:
1
2
3
4
5
Agree

Pros:

- Good pay.
- Work is not that difficult.
- BofA employees were all very nice. Took me out to lunch at the Epicenter, etc.
- Great resume item and could lead to a fulltime job.

Cons:

- Didn't feel like I had a ton of work to do.

Advice for other students:

BofA on the resume for a finance major looks terrific.
 
"Complex work with intelligent financial minds"
Position: Corporate Treasury Group Intern
Location: Charlotte, NC
Pay: $21/hour
Duration: 10 weeks
Review posted on 4/22/2011
I gained real world experience:
1
2
3
4
5
Agree
My boss treated me with respect:
1
2
3
4
5
Strongly Agree
I enjoyed my fellow co-workers:
1
2
3
4
5
Strongly Agree
The work I performed was interesting:
1
2
3
4
5
Agree
I feel better positioned to gain a fulltime job:
1
2
3
4
5
Agree
Overall, I was satisfied with my internship:
1
2
3
4
5
Strongly Agree

Pros:

- Enjoyed the accounting work, which I know sounds nerdy.
- Loved how global the bank is. Lots of international experience to be had.

Cons:

- Workflow isn't always perfect.

Advice for other students:

Find something to do and do it well. There is a lot of complex banking problems and if you don't have to be hand held, hiring managers will notice and stay in touch.
 
"able to learn on the trading floor and learn capital markets"
Position: Corporate Investments Group Intern
Location: Charlotte, nc
Pay: $5,000/month
Duration: 10 weeks
Review posted on 3/22/2011
I gained real world experience:
1
2
3
4
5
Strongly Agree
My boss treated me with respect:
1
2
3
4
5
Strongly Agree
I enjoyed my fellow co-workers:
1
2
3
4
5
Agree
The work I performed was interesting:
1
2
3
4
5
Strongly Agree
I feel better positioned to gain a fulltime job:
1
2
3
4
5
Neutral "OK"
Overall, I was satisfied with my internship:
1
2
3
4
5
Strongly Agree

Pros:

- Only 3 other interns were in my group. Amazing internship if you are into trading.
- One hour training/ info session with a trader each week.
- Small group with lots of responsibility.

Cons:

- No offers given out to any of us by the end of the summer.

Advice for other students:

Be proactive. Amazing internship. Tons of interns at Bank of America, but this group seemed to be one of the best places to intern within the bank.
 
 
 

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