Bank of America
Global Investment Banking & Capital Markets Summer Analyst
Make financial lives better for our clients and our communities through the power of every connection
Banking and Investment
Intern
Office | Melbourne, VIC, Australia
Visa sponsorship · No
Junior · A role for someone with some basic skills, good motivation and ability to learn. Typically 1-2 years of experience is required.
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Why Bank of America
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day. One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being. Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization. Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!
About the role
What we’re looking for:
- Penultimate year Undergraduate/Master’s student with outstanding academic achievement seeking a summer internship with a pipeline to 2025 full-time employment
- Must demonstrate a track record of superior performance in extracurricular and professional activities
- Demonstrate a combination of strong quantitative/analytical skills, attention to detail and client focus
- Strategic and creative thinking; distinguished written and oral communications skills
- Assertiveness, initiative, leadership, strong work ethic, team focus
- Ability to learn quickly and take on new responsibilities. Comfortable with change and adjust to changing demands and requirements
- Demonstrates energy & drive and dedication to building a career in the investment banking industry
- Fluency in English is essential, appropriate Asian language skills are also essential
What you’ll do: As a summer analyst, your key tasks and responsibilities may include but are not limited to:
- Developing and maintaining complex financial models
- Performing various financial analyses, including valuations and merger consequences
- Conducting comprehensive and in-depth company and industry research
- Preparation of presentation and other materials for clients
- Participation in due diligence sessions, communications and interaction with deal team members
- Management of several projects at once and work effectively as an individual and as part of a team. Work on projects alongside bankers in specific industry, product and country coverage groups, providing you with a unique learning opportunity
- Help the team deliver solutions to clients leveraging full spectrum of the bank's capabilities
- Develop and leverage upon a truly global network - learn from, and work with, teams consisting of professionals drawn from across the business, including senior bankers within your group, experts in other areas of the firm and colleagues from around the globe
- Build relationships, knowledge and experience that will open doors to a wide range of future career options and opportunities Our Summer Analyst program is designed to offer you a broad and exciting experience of work as a full time Investment Banking Analyst. During the summer you will be placed within one of our industry, country or product coverage teams. Your training and development is our top priority with extensive formal training offered at the start of the program in addition to on the job support, educational speaker events and mentorship throughout. Unique to Bank of America is our provision of a Chief Resource Officer (CRO). The CRO’s sole purpose is to manage and optimize the junior banker experience on a very hands-on manner.
The CRO partners closely with senior leadership to instill the firm’s culture, to ensure work/life balance and to provide a well-rounded, fun and value-add experience for junior bankers. In some countries, Summer Analysts are placed in a generalist team which means a 'staffer' will staff you on projects in specific industry, product and country coverage groups. In others, Summer Analysts are placed directly with a specific team throughout the internship. Team placement is determined by considering business needs and the interests/skills of the Summer Analyst.
Industry
- Consumer Retail Healthcare
- Energy and Power
- Financial Institutions
- Global Industrials including Metals & Mining
- Real Estate & Gaming
- Telecom, Media & Technology
Product
- Financial Sponsors
- General Execution
- Mergers & Acquisitions
Program Overview The Summer program is a 10-week program designed to provide Summer Analysts with a unique opportunity to gain an exposure to life at Bank of America and also make significant contributions to the team. The Summer program begins with an orientation and induction to the firm. Summer Analysts are given a true associate experience, as assignments mirror full-time responsibility and include goal-setting and a formal review process.
- Access to the bank’s learning hub containing a variety of learning resources, ranging from banking fundamentals to communication skills
- Structured and on-the-job training
- Networking and social opportunities
- Speaker series with senior management across all lines of business
- Corporate Social Responsibility project/learning
- Involvement in Diversity and Inclusion training/events
- Consideration for full-time employment upon graduation
What you'll be responsible for
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Financial and Market Analysis
Conduct financial analysis and market research to inform investment and capital allocation decisions
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Investment Stakeholder Presentations
Prepare and present to clients and internal stakeholders, including investment recommendations and pitches
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Due Diligence
Manage due diligence processes to ensure that all relevant information is identified and evaluated
Skills you'll need
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Resilience
Bounces back from stressful experiences while being optimistic, emotionally aware, and adapts to change
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Results orientation
Focuses on outcomes and the steps it takes to achieve them
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Flexibility
Copes with changes and ambiguity in varying circumstances and can adapt behaviour effectively