Finance Management Summer Analyst

August 5, 2024

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Job Description

Bank of America – Finance Management Summer Analyst Program 2025

About Bank of America:
Bank of America is a leading global financial institution serving individuals, corporations, and governments worldwide. They offer a diverse range of banking and non-banking financial services and products across 35 countries. The company is committed to creating a “Great Place to Work” by fostering a culture of talented, engaged, and satisfied employees who contribute to improving the financial lives of their customers and clients.

Chief Financial Officer Group Overview:
The Finance Management Summer Analyst Program (FMAP) offers an opportunity to learn about Bank of America and its Chief Financial Officer (CFO) Group. This group plays a critical role in the overall financial management of the company, encompassing responsibilities like:

• Financial and regulatory reporting
• Balance sheet management
• Financial planning and analysis
• Treasury
• Investor relations
• Corporate investments
• Tax

Internship Overview:
The 10-week FMAP internship provides a comprehensive experience in financial and management accounting, corporate finance, strategic finance, and internal treasury functions. This program aims to:

Build upon academic foundations: Develop technical skills, industry knowledge, and corporate environment familiarity.
Encourage professional growth: Allow students to explore career paths based on their interests and background.
Offer robust training and development: Provide extensive formal training at the start, along with on-the-job support, mentorship, and various events throughout the program.

Training & Development Opportunities:

• Bank-provided trainings on Mechanics of a Bank, Data Literacy, Executive Ready Presentations, and more.
• Intern Mentorship Program
• Enterprise Executive Speaker Series
• Diversity & Inclusion Employee Networks (LEAD for Women, Black Professional Group, LGBT+ Pride, etc.)
• Continuous Educational Speakers and Events
• Networking Events
• Community Service Opportunities

A Day in the Life:
As an FMAP Summer Analyst, you’ll gain insights into the company’s financial management, vision, and culture. Typical responsibilities may include:

Forecasting financial and non-financial trends.
Developing models and performing financial analysis of business investments.
Supporting the corporation’s internal planning and management accounting functions.
Presenting financial data and analysis to business partners.
Evaluating opportunities for process improvements across the CFO Group.
Networking with finance executives and key stakeholders to build meaningful relationships across various lines of business.

Finance Management Opportunities:
FMAP interns are assigned to support one of the following teams within the CFO Group:

• CFO COO & Governance
• CFO Data Management
• Corporate Treasury
• Global Financial Control
• Global Corporate & Investment Banking, Global Markets and International Finance
• Global Technology and Global Operations Finance
• Regional Banking & Wealth Management Finance
• Staff Support Finance
• Strategic Forecasting and Expense Management

Intern team assignments are based on business needs and aligned with individual skills, so they cannot be guaranteed.

Qualifications:

• Currently enrolled in an undergraduate or accelerated (4+1) degree program from an accredited college or university.
• Final graduation date between November 2025 and August 2026.
• Preferred GPA of 3.2 or higher.
• Common areas of study include Finance, Business Administration, Accounting, Information Systems, Economics, and other related majors.
• High level of intellectual curiosity, drive for operational excellence, and commitment to achieving sustainable results.
• Strong academic and technical skills in Microsoft Office.
• Proficiencies in leadership, teamwork, problem solving & analytical skills, verbal and written communication, and professionalism.

Important Notes:

• Bank of America is unable to consider candidates who require visa sponsorship now or in the future for this specific role.
• Bank of America does not complete third-party forms from colleges, universities, or other parties.