Bank of America Corp. Europe
VAULT RANKINGS 2013
Headquarters: London,
United Kingdom
5900 offices
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THE BUZZ…
- “Good global player”
- “Botched the Merrill acquisition”
- “Better with Merrill Lynch”
- “Has lots of problems”
NEWS AND UPDATES
Vault's Scoop
Uppers
- Big European ambitions
Downers
- Relatively new to some European countries
ABOUT THIS COMPANY:
Beyond AmericaBank of America is one of the world’s largest financial institutions, with customers in more than 150 countries. The company has business relationships with more than 80 per cent of the Global Fortune 500. And as of the beginning of 2009, it could boast about making one of the most high-profile acquisitions in banking history.
In September 2008, Bank of America made just about every headline in the world, announcing that it would buy New York-based investment bank Merrill Lynch. On 1 January 2009, the bank acquired Merrill Lynch in exchange for common and preferred stock with a value of US$29.1 billion. BofA, which called the purchase "a great opportunity for our shareholders," expects to achieve US$7 billion in pre-tax expense savings by 2012. When the deal closed in early 2009, it made BofA the biggest US bank in terms of assets, with more than US$2 trillion. It also made the combined firm the largest brokerage firm in the world, with about 16,000 financial advisors; one of the leading investment banking advisory firms, with significant operations in M&A advisory as well as debt and equity underwriting; and one of the world’s top wealth management firms, with Merrill Lynch’s nearly 50 percent stake in U.S.-based investment management company BlackRock.
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Bank of America Corp. Europe Perspective
Highlights Bank of America Corp. Europe
Bank of America is a company of more than 280,000 associates across a global footprint with operations in more than 40 countries. Bank of America Merrill Lynch is part of Bank of America, a financial institution serving individuals, small and middle market businesses and large corporations with a range of banking, investing, asset management and other financial and risk-management products and services.
Bank of America Merrill Lynch is leveraging its powerful global franchise to deliver strong results throughout EMEA. We are building momentum, increasing market share and growing revenues. We are taking a strategic and measured approach to our international development by strengthening our platform and infrastructure to create sustainable, long-term growth.
Q&A
How do I apply?
Please navigate to the "How to Apply" page on the website: www.baml.com/campusEMEA. All applications for positions must be made online; CVs are not accepted for analyst roles. For MBA & PhD positions, you are required to upload your CV and cover letter. We encourage candidates to apply early.
What are the requirements to be considered for campus opportunities? Each business area has individual requirements, but candidates must demonstrate a combination of academic aptitude, quantitative skills, strategic and creative thinking, and written and oral communications skills. In addition, you must have obtained or are realistically expecting to obtain a minimum 2:1 degree or equivalent for analyst roles. For MBA & PhD positions, completion of an MBA, PhD or equivalent advanced degree is required. Underlying all this, you must demonstrate dedication to a career in banking.
