Full-Time

Associate – GIB

Posted on 11/15/2024

Bank of America

Bank of America

10,001+ employees

Provides banking, investment, and asset management services

Fintech
Financial Services

Compensation Overview

$225kAnnually

+ Discretionary Incentive

Junior, Mid

New York, NY, USA

Remote work may be permitted within a commutable distance from the worksite.

Category
Investment Banking
Finance & Banking
Required Skills
Financial analysis
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:
  • Conducting Financial Institutions industry-specific, asset/credit quality analysis, capital adequacy analysis, and capital impacts analysis;
  • Conducting other corporate finance analyses, including WACC, value creation, accretion/dilution, deleveraging, rating, and sensitivity analyses, LBO, DCF, precedent transactions, and public comps (including implied returns analyses and sensitivities);
  • Conducting in-depth competitive market and market size analyses, including brokers’ benchmarking, peers’ financial and operating benchmarking, and market size appraisal;
  • Conducting synergies valuation and analysis; and,
  • Conducting research using Factset, Capital IQ, Bloomberg, Thomson Reuters, and Factiva to analyze market data and competitive dynamics.
Responsibilities
  • Perform various types of financial and valuation analyses to evaluate mergers, acquisitions, debt, equity, and other capital raising transactions using valuation methodologies including comparable companies, precedent transactions, LBO, and DCF.
  • Contributing to the preparation and review of materials used in the bank’s financing and advising role for clients, including investment memoranda, management presentations, financial models, and pitchbooks.
  • Develop relationships with new and existing clients in order to expand the business.
  • Perform due diligence, research, analysis, and documentation of live transactions.
  • Conduct company and industry research to support financial advisory.
  • Contribute to several projects at once and work effectively as an individual and as part of a team.
  • Create other types of presentations for clients and internal purposes.
  • Conduct Financial Institutions industry-specific, asset/credit quality analysis, capital adequacy analysis, and capital impacts analysis.
  • Conduct other corporate finance analyses, including WACC, value creation, accretion/dilution, deleveraging, rating, and sensitivity analyses, LBO, DCF, precedent transactions, and public comps (including implied returns analyses and sensitivities).
  • Conduct in-depth competitive market and market size analyses, including brokers’ benchmarking, peers’ financial and operating benchmarking, and market size appraisal.
  • Conduct synergies valuation and analysis. Conduct research using Factset, Capital IQ, Bloomberg, Thomson Reuters, 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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