Bank of america quantitative analyst reddit However, I also did a little googling and searching on Reddit and it looks like people haven't had a great experience interning at BoA. But brand name is different, so is title. Quant (Model Review) at US Bank London : 1st YR- Base :65K , signing 28k , bonus - approx 20k Bonus seems to be roughly 1/3 most years. Mar 13, 2025 · At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. 25-40 hrs a week (2-4 days in office), flexible re: family Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice We would like to show you a description here but the site won’t allow us. 509 votes, 79 comments. the main focus was on how do you interact with the clients who will come into the branch. Here is a list of quant firms that I directly copied from the non-compete from my offer with my firm included. at a PM level interpersonal skills are paramount. London, Large European Bank ~£175k salary (after increase), last year 30% bonus (before increase) but not looking so hot this year. Make $145k/yr with a 20% bonus target and sundry annual long-term cash incentives totaling 5-10k/yr, paid over 3 years. Can anyone share their experience? What type of questions can one expect? Jun 27, 2023 · I'm an AI bot trained on the most helpful WSO content across 17+ years. This is information I should have included originally. The offer is great, it’s in New York and pays $43 an hour (hopefully that a good intern wage in NY idk), but I haven’t really heard much about what the interns work on, the Model Validation Quantitative Analyst: Also known as a middle office quantitative analyst, or back office quantitative analyst Found in investment banks, and commercial/retail banks Requires a BSc, usually a BSc (Hons), MSc and PhDs are preferable Annual Total Compensation: $70,000-80,000 (start), $150,000-200,000 (experienced) I got a summer internship offer from BoA for their "Summer Analyst" position. 5-7 years ago those exotics were massively popular because the market conditions were giving great returns on low premiums. Interview experience. Other bank do pay more. Even as a researcher which by the way is a made up title because QIS doesn't really do research. Interviews at Bank of America. Apr 10, 2025 · The estimated total pay range for a Global Quantitative Analytics Summer Analyst at Bank of America is $105K–$162K per year, which includes base salary and additional pay. I'd say Prop Trading vs Market-making is a somewhat useful axis (tho most players do both), and Options shop vs Delta-1 shop is also not a bad distinction (and here they actually are kinda separated afaik, ex CitSec as you correctly point out) Sep 5, 2024 · Job Description: Alternative Risk Premia Quantitative Intern QRI Quantitative Research The QRI Quantitative Research group provides research and analysis to portfolio managers and other investment professionals in support of our broad range of multi-asset investment solutions. Quantitative Finance Analyst - AML Model Validation position (Job ID: 25009137), with openings in multiple locations, at Bank of America. However you also require an affinity for corporate finance, economics, the stock market/markets, qualitative analysis/writing, etc. "thrives in fast paced environment" in job ads is not a joke, if you don't enjoy intensity I'd recommend tech over quant finance. 76% View community ranking In the Top 1% of largest communities on Reddit. Take what you read with a grain of salt. Apr 22, 2025 · the hiring manager provided a series of rapid fire questions about behavioral situations. Feb 21, 2025 · 198 Bank of America Summer Analyst interview questions and 180 interview reviews. Dell VS Bank of America Intern Offer Bank of America Quantitative Analyst - Pay: $36 an Apr 14, 2025 · Average Bank of America Quantitative Analyst yearly pay in the United States is approximately $123,855, which meets the national average. Please login to the Application Center to begin your video interview and complete it no later than 3 days from the date of Reviews from Bank of America employees about working as a Quantitative Analyst at Bank of America. Basically title. By 3rd Year should be Associate usually and at this bank in question it’s circa 90-100 base and still 1/3 ish bonus , so 120-133 total. They are currently hiring quantitative analysts and quantitative strategists. The average Global Quantitative Analytics Summer Analyst base salary at Bank of America is $121K per year. Also, as a quant, I am duty-bound to remind you of a strong selective reporting bias among people disclosing their incomes. I've got a solid internship as a quant analyst (and my only internship so far) in a large bank. Mar 10, 2018 · "Congratulations! After reviewing your application, we are pleased to invite you to submit a first round on demand video interview for the Bank of America Global Investment Banking Summer Analyst Program - 2018. Feel free to see if any of them is missing and add them to your list. GRA is a sub-line of business within Global Risk Management Apr 18, 2025 · The estimated total pay range for a Quantitative Analyst at Bank of America is $132K–$189K per year, which includes base salary and additional pay. We look forward to reviewing your application for the Global Technology Summer Analyst Program - 2025 and will let you know if additional information is needed. I just got invited for a first round on demand video interview for the BoA Quant summer analyst program. ? If so, for how long would I need to work at one of the banks described as a quant analyst, and which role would I need to apply to at the hedge funds/prop shops? Quantitative Finance w/~6 yoe working for a super-regional. Quantitative Financial Analyst at Bank of America · Experience: Bank of America · Education: University of Michigan · Location: United States · 500+ connections on LinkedIn. Add your thoughts and get the conversation going. I’m considering the new grad 2024 global quant analyst program at Bank of America - I had some questions for anyone that’s in it currently and is willing to share: For those working in ATL or Charlotte, is the position hybrid, remote, or fully in office? All about studying and students of computer science. I was wondering if anyone had information about how the application process for this role goes? Has anyone interviewed for Global Quantitative Analytics Summer Analyst at Bank of America before? What should I expect or prepare for this… Has anyone heard back yet after completing hirevues for this role? Nobody's responded to this post yet. most top jobs are intense and stressful (doctor/lawyer/banker etc), tech being a big exception. . Mar 7, 2025 · Apply for the Sr. Tried to lateral into a bank as an analyst after my first busy season as as senior associate. The financial aspects of the offer are fantastic. The average Quantitative Analyst base salary at Bank of America is $138K per year. So what’s best for my career if I already have 2-3 years of working experience as an analyst already. Hey, does anyone have an idea of what is the TC for the Global Quant Analyst at Bank of America at the New Grad level? Skills wise, any HY bond or equity analyst requires very strong financial statements analysis skills, so yes accounting experience/knowledge would help. Are they paid more than technology analysts? And would anyone have numbers for a quant at MS in Canada? there are enough if you know who to listen to. There are also many startups that recruit ex-quants though don't tend to offer the same magnitude of compensation packages as FAANG. It's a program where you rotate in risk or model val (or I fear also compliance lately: they moved all the QMAPs in compliance a few weeks ago). Afterwards I've got one more year to study. People can just buy call spreads and get significantly better returns for a little more premium. I know both are great opportunities but I want to get some opinions about which is the better option. Both salaries are pretty similar. Free interview details posted anonymously by Bank of America interview candidates. This research is 10 votes, 86 comments. Systematically banks are generally considered banks above 750 billion assets under management and are subject to highest standards for regulatory stress testing exercise and generally have higher salaries. Quantitative Finance w/~6 yoe working for a super-regional. Sep 23, 2023 · An analyst, especially in a company as large as Bank of America, needs to be able to identify inefficiencies and propose improvements. Feb 24, 2025 · 64 Bank of America Quantitative Analyst interview questions and 61 interview reviews. Business, Economics, and Finance. So for 4th year probs around 140 -150k. 6 /5 difficulty. Crypto 6 days ago · Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Updated Sep 28, 2024. Didn't get the offer and took the GMAT instead and went to a business school (T20, but generally ranked in the 15-20ish range). Im interning as a swe at Morgan Stanley in Montreal. focus on getting to know the client first to determine what products they would be interested in. This basically covet the top 10 banks, which the top banks would be JP Morgan, Bank of America, Citi and Wells Fago, each of the banks aum. Bank of America Global Markets Quantitative Strategies Summer Associate Program - 2021. Quant -> tech is starting to become a popular transition. we roled played an interaction between advisor and client. It’s something I’m really interested in the future, but I can’t find any salary for those roles. Is this jump possible from a quant analyst role at a bank like Goldman Sachs, JP Morgan, BofA to a hedge fund/prop shop. This salary trends is based on salaries posted anonymously by Bank of America employees. like SIG, DRW, etc. So, I have a couple of questions: Hi guys, Does anyone have experience being apart of Bank of America’s global technology summer analyst program? I received an offer and I’m debating on taking it. true. Bank of America - Advisor Development Summer Analyst Program or PNC - 2020 Summer Asset Management Group Summer Analyst Program - Wealth Management I'm stuck between these two offers. the role is big on sales not much financial planning. The email says Congratulations! After reviewing your application, we are pleased to invite you to submit a first round on demand video interview for the Bank of America Global Technology Summer Analyst Program - 2024. What kinds of questions can I expect to be on the online test for "Quantitative Analytics Associate Graduate Program 2024" at… Director; Sr. They generally don’t do well during the kind of market conditions that we’re seeing. if multiple tags per entry was as readable I'd have done that. Learn about Bank of America culture, salaries, benefits, work-life balance, management, job security, and more. two offers to choose from/ I got AVP title at a regional bank and analyst/senior analyst title I think at the larger bank. I know one particular large German bank and I personally wouldn't go near their QIS team. I had the superday interviews for this internship a little less than week and a half ago and Furthermore, I know for a fact Bank of America increased the starting salary from 72k—>115k over the course of the pandemic to now for a lot of the data analyst roles on contracts due to certain initiatives needing a lot of hands. We would like to show you a description here but the site won’t allow us. This question seeks to understand your problem-solving abilities, your creativity in developing solutions, and your capacity to influence change. Two internships - CRE analyst at an advisory firm and derivatives valuation analyst at a consulting firm. Like my team went from 5 people to over 80 within a year. They are told what to implement effectively and so the "strategy" is open source and everyone knows what it is - client knows it, bank knows it, market knows it. Average monthly pay for Bank of America Quantitative Analyst Intern: $8,874. Bank of America Merrill Lynch has an opportunity for a Quantitative Finance Analyst within our Global Risk Analytics (GRA) function. people work as quants for decades. Thinking about potentially going for a phd after this too, which would mean I'd have to go for internships. Knowing how to automate things with VBA/Python is extremely valuable. View I work a lot with exotics like cliquets and Asians. I've seen many ex-quants move to Facebook, Google, Amazon, and similar places. Join us! Overview of Global Risk Analytics. Quant Analyst in Model Val, 14 years experience mixed between QD, QA, in FO-adjacent role. Hey all! I'm a first time poster here and wondering if you guys have any insight to how quickly Bank of America sends out offers for their internships (in my case, specifically the Global Quantitative Analytics Internship) after the respective superdays. Oct 21, 2024 · 56 Bank of America Credit Analyst interview questions and 51 interview reviews. I use concepts from my econ and finance/investments classes every day. Being familiar with BBG was also helpful. GameStop Moderna Pfizer Johnson & Johnson AstraZeneca Walgreens Best Buy Novavax SpaceX Tesla. 2. QMAP is a decent gig if you don't have any other FO options. Seconded. Please login to the Application Center to begin your video interview and complete it no later than September 18, 2017. Jan 5, 2021 · Investment banking analyst (95) Internship (88) Business analyst (85) Technology analyst (84) Software developer (74) Senior software engineer (70) Financial analyst (70) Vice president (67) Client service representative (65) Quantitative analyst (62) Financial solutions advisor (61) Operations analyst (52) Banking center manager (50) Credit Sep 28, 2024 · Bank of America Quantitative Finance Analyst interview questions. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities, and shareholders every day. The average additional pay is $20K per year, which could include cash bonus, stock, commission, profit sharing or Thank you for your interest in Bank of America. you At Bank of America, qualified candidates are considered for employment without regard to race, gender, gender identity, color, religion, sex, sexual orientation, national origin, age, disability, veteran status, citizenship, marital status, ancestry or any other classification protected by federal, state or local law. Salary information comes from 183 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months. dhvsjsf giujjq eqz akadrv utb zyybx gdhbp izusmw poi iivg mvvxrtj exu ayxyg jodca bpdrkt