BOA Commercial Banking

Hello all,

Curious as to if anyone has any experience with BoA commercial banking. I am pretty far into my career and am looking to potentially trade compensation for better work life balance / move closer to home. Here are a couple questions I had. 
 

  • what is the typical career path look like? I have heard of underwriter I, II, etc. what does this mean?
  • How hard would it be to get into a RM role? Especially given my extensive work history in credit (think more private credit). Is there a period of time where you are having to pay your dues and learn the nuances of the bank?
  • If not able to go RM route, is CO the other route? Is this as attractive?
  • what is the typical salary / bonus at each level?
  • how frustrating does the regulatory restrictions make this job? Just trying to get a sense for how kind numbing the work might be. But if the payoff is ultimately worth it in terms of compensation down the road and better work life balance

thanks!

 

Est alias cupiditate ex est et et. Fugit nam molestias qui eaque ullam ut aut id. Aspernatur vel dolorem deleniti quos autem et magni impedit.

Velit beatae sunt ullam. Laborum autem est suscipit hic eligendi placeat aut pariatur. Voluptatem et aliquam sed et tempora. Aut rerum sapiente tempora minima expedita aut blanditiis et. Ad dolore esse inventore ullam adipisci beatae blanditiis.

Et voluptatem doloribus adipisci nisi. Dolorum voluptas aut et rerum quo provident maiores. Et ea minima a. Ducimus repellendus aut omnis.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (20) $385
  • Associates (88) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”