Bank of America Graduate Scheme in the UK - Interview Tips and How To Get Hired

Bank of America Graduate Scheme Key Information

Headquarters

Financial Centre, 2 King Edward Street, London, EC1A 1HQ

Sector

Banking

Size

Approximately 283,000 employees, serving 6,100 offices across the world. Turnover of USD $115.074 billion in 2011.

Grad Salary

Approximately £32,000

Pros and Cons

Pros

Growth opportunities being pursued throughout the business, lots of flexibility to transfer across departments.

Top class offices and facilities promoting high level work.

Impressive, high level client portfolio across all areas of the company.

Cons

Political issues can be prevalent due to the sheer size of the organisation.

Bank of America Graduate Scheme Overview

A minimum degree of 2:1 is required to apply for a graduate position with Bank of America, although there are no specific requirements regarding the field of study.  Applicants may apply to any of Bank of America’s European locations, with London, Frankfurt and Milan being the most common and popular choices.

A great deal of work within the business involves projects across Europe, so knowing a second language will certainly be a worthwhile addition to any application to Bank of America.

There are a wide range of entry level positions available to undergraduates, while those with an MBA or PhD can apply for immediate entry into the higher paid associate programs.

Initial training with Bank of America lasts between three to nine months, depending on the program and department to which you’ve applied.

Bank of America Graduate Scheme Interview Tips

Be honest. Sounds an obvious one, but how often are we tempted to embellish our CV’s or experiences we speak of in an interview? Bank of America aren’t looking for Churchillian leadership or a Steve Jobs’ level of innovation (yet!), and are simply looking for outgoing, confident candidates who can comfortably discuss their abilities and ambitions.

Allow your personality to shine through. Although knowledge will always be a key aspect of any application to a banking position, Bank of America’s recruitment team will be looking for how you apply team work, influencing and decision making skills with your personality first and foremost.

Bank of America Overview

Bank of America are perhaps most famous for acquiring fellow U.S banking powerhouse Merrill Lynch, who were on the brink of bankruptcy, in September 2008 in a deal worth USD $50 billion. Bank of America have a massive presence on the international banking front, operating 6,100 offices around the world in over 30 countries. In addition to this, Bank of America’s partner relationships and the retention of the Merrill Lynch name in some areas sees them have a business presence in over 150 countries.

A globally diverse employer, Bank of America are one of the world’s biggest corporate philanthropists in terms of donations made, and dedicate a great deal of time and effort, as well as finances, to their numerous projects across the planet.

Bank of America Locations

Bank of America’s United Kingdom base is situated in London, with their main headquarters being at 100 North Tryon Street, Charlotte, North Carolina, United States.

Bank of America have offices situated across the world, including in Zurich, Tokyo and Sao Paulo.

Bank of America Future Salaries

Salaries with Bank of America can increase significantly upon completion of training. With the business continuing to grow throughout Europe despite downsizing it’s operations globally, there are plenty of opportunities for quick progression through the business, for talented and ambitious individuals.

Example salaries which can be achieved at Bank of America include;

- Trading Associate £48,000 - £58,000
- Business Control Manager £76,000 - £83,000
- Financial Director £96,000 - £123,000