Full-Time

Associate – GIB

Posted on 11/19/2024

Bank of America

Bank of America

10,001+ employees

Provides banking, investment, and asset management services

Fintech
Financial Services

Compensation Overview

$200kAnnually

+ Discretionary Incentive

Entry, Junior

New York, NY, USA

Category
Investment Banking
Finance & Banking
Requirements
  • Bachelor's degree or equivalent in Business Administration, Finance, Economics, or related; and
  • 2 years of experience in the job offered or a related finance occupation.
  • Must include 2 years of experience in each of the following:
  • Executing and advising on various M&A, initial public offerings, follow‐ons, mandatory convertibles and exchangeable debt offerings, spin offs/split offs, debt‐for‐equity exchanges, recapitalizations, and private placements;
  • Developing and maintaining financial models to analyze trends, including discounted cash flow, leverage buyout, cost of capital analysis, merger models, ability‐to‐pay, value‐creation, operating models, and 3‐ statement models;
  • Performing comprehensive valuation analysis using comparable companies and precedent transactions;
  • Preparing client presentation materials, internal approval memos, and marketing documents including roadshow materials, confidential information memorandums, and rating agency presentations to execute transactions; and,
  • Conducting research using Factset, Capital IQ, Bloomberg, Thomson, and Factiva to analyze market data and competitive dynamics.
  • 10% domestic travel, as necessary.
Responsibilities
  • Perform financial analysis, including valuations and merger consequences.
  • Draft and negotiate engagement letters, confidentiality agreements, and other documents related to investment banking transactions.
  • Assist in the preparation of fairness opinions, including providing industry expertise and guidance on the selection of appropriate comparable companies and comparable acquisitions.
  • Help the team create pitch and marketing materials, transactions documents, investor presentations, internal valuation, and diligence materials, and also manage transaction processes day-to-day.
  • Conduct company and industry research to support financial advisory. Participate in due diligence sessions.
  • Communicate and interact with client team members.
  • Contribute to several projects at once and work effectively as an individual and as part of a team.
  • Prepare screening materials, including KYC, company positioning, and peers benchmarking.
  • Execute and advise on various M&A, initial public offerings, follow‐ons, mandatory convertibles and exchangeable debt offerings, spin offs/split offs, debt‐for‐equity exchanges, recapitalizations, and private placements.
  • Develop and maintain financial models to analyze trends, including discounted cash flow, leverage buyout, cost of capital analysis, merger models, ability‐to‐pay, value‐creation, operating models, and 3‐ statement models.
  • Perform comprehensive valuation analysis using comparable companies and precedent transactions.
  • Prepare client presentation materials, internal approval memos, and marketing documents including roadshow materials, confidential information memorandums, and rating agency presentations to execute transactions.
  • Conduct research using Factset, Capital IQ, Bloomberg, Thomson, and Factiva to analyze market data and competitive dynamics.

Bank of America provides a wide range of financial services to individuals, small and medium-sized businesses, and large corporations. Their offerings include banking, investing, asset management, and risk management products. The company serves around 56 million consumer and small business clients in the U.S. and is recognized as a leading wealth management firm. Additionally, Bank of America is a major player in corporate and investment banking, as well as trading. What sets Bank of America apart from its competitors is its extensive client base and comprehensive service offerings that cater to various financial needs. The company's goal is to help clients achieve their financial objectives while managing their investments and risks effectively.

Company Stage

IPO

Total Funding

N/A

Headquarters

Charlotte, North Carolina

Founded

N/A

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • Working at Bank of America offers exposure to a diverse range of financial products and services, enhancing career development opportunities.
  • The bank's leadership in wealth management and investment banking provides employees with the chance to work on high-impact projects and deals.
  • Bank of America's global presence and strong market position offer stability and growth potential for employees.

What critics are saying

  • The highly competitive nature of the financial services industry requires Bank of America to continuously innovate to maintain its market position.
  • Regulatory changes and economic fluctuations can impact the bank's operations and profitability, posing challenges for employees.

What makes Bank of America unique

  • Bank of America stands out as a global leader in corporate and investment banking, offering a comprehensive suite of financial services that cater to a wide range of clients from individuals to large corporations.
  • The bank's extensive network and relationships with approximately 56 million U.S. consumer and small business clients provide a significant competitive edge in the financial services industry.
  • Bank of America's involvement in high-profile credit facilities, such as Uber's $5B revolving credit, showcases its capability to handle large-scale financial transactions.

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