Job Description & Program Overview
Public Finance Investment Banking group is headquartered in New York with multiple regional offices. The firm has been ranked #1 in the municipal market for more than a decade. Public Finance provides financing solutions to state and local governmental and not-for-profit clients through the issuance of municipal bonds. Typically issued as tax-exempt debt, clients include states, counties, cities, school districts, higher education institutions, public utilities, public transportation agencies, not-for-profit health care systems and hospitals, state affiliated and not-for-profit student loan and housing agencies, cultural organizations, and developers.
As an active team member in Public Finance, summer analysts assist bankers in capital raising, debt portfolio and credit analyses, strategic advisory services, and market assessments for governmental, not-for-profit and/or developer clients.
As a summer analyst, your responsibilities may include:
Developing and maintaining financial cash flow models, using industry standard software
Supporting various financial analyses, including bond structuring
Performing comprehensive and in-depth client, credit, and pricing research
Preparing presentation and other materials for client meetings
Communicating and interacting with team members, including underwriting, sales & trading teams, to execute transactions specifically in relation to structuring and marketing.
Qualifications
Candidates are required to be pursuing a bachelor’s degree or a bachelor’s direct to master’s degree from an accredited college or university, with a graduation timeframe between November 2027 and August 2028
A 3.0 minimum GPA preferred
A strong interest in finance and the public sector
Candidates must demonstrate a combination of academic aptitude, quantitative and organizational skills, strategic and creative thinking, and strong written and oral communications skills
Ability to manage several projects at once and work both independently and in a team
Other desired characteristics include integrity, attention to detail, assertiveness, initiative, leadership, strong work ethic and team focus
An interest in working in (1) New York, (2) Dallas or Chicago (Central Region), (3) Los Angeles or San Francisco (West Region), or (4) Winter Park, Florida (post-graduation); candidates should indicate city preferences / rankings when applying
Ability to travel, as needed, to client meetings (typically within the region)
Bank of America does not complete third party forms from colleges, universities, or other parties.
CA Disclosure Language: The following laws or regulations restrict or prohibit the hiring of individuals with certain specified criminal history for the position: FDIC, FINRA
Pay and benefits information for the states of California, Colorado, Connecticut, Hawaii, Illinois, Maryland, Massachusetts, Minnesota, Nevada, New Jersey, New York, Rhode Island, Vermont, Washington, and for Cleveland, Ohio and Washington, DC.
