Global Capital Markets Summer Analyst Program - 2024
Company: Bank of America
Location: Charlotte
Posted on: March 19, 2023
Job Description:
JOB DESCRIPTION & PROGRAM OVERVIEWWe believe Bank of America can
do more for our clients than any other financial services firm. We
understand the challenges our clients face around the world, and we
use the full resources of our company to help them achieve their
goals. Our solutions span the complete range of advisory, capital
raising, banking, treasury and liquidity, sales and trading, and
research capabilities.Our Capital Markets business is focused on
providing financial solutions across the capital structure and our
Summer Analyst program will offer you insight into this
business.Your training and development are 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. Our capital markets internships include:
- Equity Capital Markets (ECM) is at the nexus between Sales &
Trading and traditional Investment Banking - the role necessitates
cultivating relationships not only with our fee-paying corporate
clients for whom we execute transactions, but also with
institutional clients who buy our deals and provide feedback on
market trends and appetite. The Initial Public Offering (IPO), or
when the company undergoes an extensive marketing effort to curry
investor demand and is first listed on a public exchange, is a
seminal moment in a company ' s lifecycle, and is one of the
hallmark processes of this ECM seat. Successful candidates must
thrive in a fast-paced, dynamic environment and be heavily
detail-oriented.
- Investment Grade Capital Markets offers insight into the
capital raising process with extensive formal training and
mentorship throughout the program. Summer analysts are integral
members of our team and will work closely with senior colleagues to
gain exposure to a wide spectrum of clients, from large
corporations to small-cap companies, as well as a variety of
financing projects including regular-way debt capital raising,
acquisition financing, liability management, and capital structure
advisory. The Investment Grade Capital Markets Summer Analyst
program prepares graduates for a career in capital markets through
exposure to macroeconomics and their impact on capital markets,
client coverage responsibilities and business development efforts,
as well as the capital raising process and specific technical
training on investment banking functions and credit markets.
- Debt Advisory is a division of Global Capital Markets within
the Global Corporate & Investment Bank. The team is a leader in
liability management services, working with clients across the
credit spectrum from A-rated Fortune 50 investment grade companies
to high yield issuers, from performing to distressed facing
imminent default. Clients include corporations, financial sponsors,
financial institutions, governments and multilateral institutions
across sectors around the world. Situations frequently supported by
Debt Advisory include refinancing transactions, capital structure
changes, mergers and acquisitions, spin-off transactions and
divestitures, leveraged buyouts, bond covenant modifications and
distressed situations. Debt Advisory executes transactions focusing
on existing debt such as tender offers, exchange offers, consent
solicitations, refinancings, recapitalizations, open market
repurchases and capital market restructuring. Debt Advisory works
closely with Investment Grade Debt Capital Markets, Leveraged
Finance and the Global Corporate & Investment Banking coverage
teams to provide solutions for our debt clients.
- Latin America Debt Capital Markets (LatAm DCM) performs
comprehensive, in-depth research on companies, sectors in Latin
American and Caribbean countries. In this role, you will prepare
recommendations on timing, size, and currency for Sovereign
transactions in the region as well as work with various teams
across the firm including Investment Banking and Corporate banking
in each of our offices covering Latin America and the
Caribbean.
- Latin America Equity Capital Markets (LatAm ECM) sits at the
nexus between sales and trading and traditional investment banking
- the role necessitates cultivating relationships not only with our
fee-paying corporate clients for whom we execute transactions, but
also with institutional clients who buy our deals and provide
feedback on market trends and appetite. The Initial Public Offering
(IPO), or when the company undergoes an extensive marketing effort
to carry investor demand and is first listed on a public exchange,
is a pivotal moment in a company ' s lifecycle, and is one of the
hallmark processes of this ECM seat. Successful candidates must
thrive in a fast-paced, dynamic environment and be heavily
detail-oriented. Within our Latin America ECM team, summer analysts
help in the preparation of presentations and other materials for
Latin American clients.
- Sustainable Banking Solutions provides deep expertise on ESG
topics affecting clients funding needs, valuation, and strategic
decisions. We offer a full spectrum of capital markets products and
maintain seamless coordination with our Investment Banking,
Corporate Banking and Capital Markets partners.
- LeveragedFinance (in Charlotte, NC) helps non-investment grade
clients raise debt capital. Situations include Leveraged Buyouts
(LBOs), Corporate M&A, Dividend Recapitalizations, and debt
refinancing. The Leveraged Finance team works closely with groups
across the Global Corporate & Investment Bank (GCIB) to deliver
solutions for our clients and is consistently ranked either #1 or
#2 on Wall Street by Dealogic.NOTE: If interested in Leveraged
Finance in New York, NY, pleaseapplyto the InvestmentBanking Summer
Analyst Program. If interested in Rates & Currencies Solutions,
please apply to the Rates & Currencies Solutions Analyst Program.As
a summer analyst, your key tasks and responsibilities may include
but are not limited to:
- Performing comprehensive, in-depth research on companies,
sectors, new issue market, general market conditions and
institutional investors
- Prepare recommendations on timing, size and structure of
transactions
- Work with various teams across the firm including Investment
Banking and Global Markets
- Transaction execution and preparation of related
documentsQUALIFICATIONS
- Candidates are required to be pursuing a BA/BS degree from an
accredited college or university with a graduation time frame
between December 2024 and June 2025
- Must demonstrate a track record of superior performance in
extracurricular and professional activities
- 3.5 minimum GPA preferred
- Must have 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
- Dedication to building a career in the capital markets
industryBank of America does not complete third party forms from
colleges, universities, or other parties.
Keywords: Bank of America, Charlotte , Global Capital Markets Summer Analyst Program - 2024, Accounting, Auditing , Charlotte, North Carolina
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