Job Description:

Program Overview:

The Veterans Associate Program (VAP) is an elite 12-week rotational program designed for recently transitioned Veterans.  The VAP offers Veterans the opportunity to rotate through multiple desks and groups across our Global Banking & Markets (GB & GM) and Business Support divisions.  Historical VAP Rotational Placements have included: Investment Banking, Capital Markets, Commercial Banking, Sales & Trading, Research, Public Finance, Prime Brokerage, Municipal Banking & Markets, Global Wealth Investment Management (GWIM) and Global Risk.

Program Location and Dates:

VAP 2025 takes place in New York City in the Spring in March – May.

Program Structure:

The VAP model is highly engaging and programmatically structured:

One week of formal intense technical, organizational structure, divisional/business and soft skill set developmental trainingCombination of classroom instruction, e-learning modules, educational speaker series, case studies and presentations from/to line of business throughout programMentorship and access across the entire bankPeer and professional networking throughout the full cycle of the program

Veterans will receive on-the-job training, market compensation and be immersed in day-to-day industry experiences.  The program allows participants to explore new career opportunities in the financial services industry while working at one of the world’s leading financial institutions.  Our Veterans will work on cutting edge-problems and help develop innovative solutions in all aspects of client coverage and deal execution including: 

Adhering to the highest degree of professional standards and strict client confidentialityCoordinating the activities of team members and clients with minimal supervision while taking on new responsibilitiesBuilding relationships and facilitating the information flow across a wide array of products and businessesConducting industry and product research, database maintenance and/or writing reportsPreparing pitch books, live deal materials and economic and market updatesPitching new businessAnalyzing detailed corporate and financial information, as well as conducting due diligencePerforming complex financial modeling & valuation work (discounted cash flow, pro forma merger, precedent transaction, comparable company analysis, etc.)Idea generation and seeking out new, value-added, and/or unusual sources of information

2025 Program Logistics:

Applicants must be available to participate in the full duration of the program in New York City.Current geographic deployment is not factored into programmatic approach and design (domestic or abroad)No exceptions will be grantedApplicants should consider their long-term career interest in financial services and whether this type of program is best suited to those interestedVeterans considering and/or have already applied to business school are encouraged to apply through our MBA Recruiting efforts and will not be considered for this programVeterans seeking immediate hire for open roles at the bank should apply through our Lateral Recruiting efforts and will not be considered for this programA full list of all bank career opportunities can be found at bankofamerica.com/careers Program participants who are extended Full-Time offers at the completion of this 12-week program must be prepared to begin work on or about July 14, 2025   Veterans may also be required to complete Summer & Full-Time Training in July 2024 as part of Program Management for new incoming AssociatesMarket specific specialized licensing and certification may be mandatory post completion of the program (depending on LOB and role including but not limited to Series 7, 55, 63, 79) All rotations during VAP and Full-Time placements will either be in the New York or New Jersey regions 

Qualifications:

VAP candidates must demonstrate a combination of relevant experience, ability to multi-task various projects concurrently, adaptability in an ever-changing market driven environment, strong interest in global financial markets, academic aptitude, track record of superior performance in extracurricular and professional activities, and strategic/creative thinking.

Some common driving characteristics we look for include team focus, decisiveness, initiative, strong work ethic, highly motivated, assertiveness, dynamic, ability to grasp concepts quickly.

Ideal candidates should possess:

BS/BA degree (required) with outstanding academic qualificationsComplete with Active Military commitment and/or currently serving in the Military Reserves or National Guard requiredStrong quantitative/analytical skills; numeric and problem-solving orientationOrganizational skillsAttention to detailDistinguished verbal and written communication skills, ability to present complex material in a simple mannerStrong interpersonal skills and interest in working with clients (majority of roles are client facing and/or require an interest in facing off with clients)Proficiency in Microsoft Office programs (emphasis on Excel and PowerPoint); and familiarity with market data sources a plus

Enhancing skills:

Degree concentrations in Finance, Economics, Applied Mathematics, Physics, Engineering, Computer Science, Statistics or Finance-related degree desiredUnderstanding of accounting, financial modeling, and corporate finance (job specific)Working knowledge of financial statementsSome roles may require knowledge of at least one programming language (including but not limited to Java, C, C++, Scala, Perl, R, Slang, etc.), In these cases, experience in statistics or machine learning a plusDatabase including NoSQL or column stores and data visualization experience also a plus

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)

Pay and benefits information

Pay range

$48.00 - $48.00 hourly pay, offers to be determined based on experience, education and skill set.

Predictable pay

This role is compensated with a base salary and is not incentive eligible.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.