A Detailed Guide to Becoming a Bank of America Associate
Cheat Sheet, a regular series, is a detailed look inside the application gauntlet for the most sought-after jobs, with commentary from the people who hold eager candidates' fates in their hands—company recruiters. This week, we show you what it takes to become an associate at Bank of America.
Interview Cheat Sheet #4
The Job
- Bank of America Merrill Lynch
- Hiring Manager
- Ebony Thomas
- Senior vice president of campus strategy & diversity
- Position:
- Associate
- Salary:
- $216,818 (total compensation)
- Description:
- Conduct industry and company analyses, develop financial models, prepare presentations for clients
- Qualifications:
- MBA, three to five years of work experience, strong quantitative/analytical skills
The Method
First Round:
1,100 Candidates
Recruiters visit top business schools and get to know students over coffee, at formal presentations, and at networking sessions.
Second Round:
300 Candidates
45- to 60-minute on-campus interview to review resumés and find out why candidates want a career in finance. Expect to talk about such specific scenarios as how you'd handle an overly vague client request.
Third Round:
A final interview, usually held on campus. "At this point, we're selling candidates on why they'd make a great decision choosing to work at Bank of America Merrill Lynch."
The Score:
Hiring leads hold a roundtable to discuss who demonstrated key skills or competencies, using “meeting,” “exceeding,” or “not meeting” to rate each competency.
How to Ace It
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