Bank of America Mergers & Acquisitions Division

What does BAML do in Mergers & Acquisitions?

Mergers and Acquisitions (M&A) are transactions in which the assets of one company is transferred or combined with the assets of another company. A merger is a legal consolidation of two entities into one entity, whereas an acquisition occurs when one entity takes ownership of another entity's assets. Bank of America provides M&A advice to companies about to merge or be acquired and, as a bulge bracket, often handles the largest business deals. For example, AT&T recently announced a deal to purchase Time Warner for $85 billion.

Why Bank of America?

Prominent in Mergers & Acquisitions: As one of the bulge bracket banks, Bank of America would be an excellent company to learn about M&A. Since the BAML is so large and so well known, many of the biggest companies hire Bank of America to provide M&A advise during the deal process. By interning with Bank of America, I can get experience and knowledge on the realm of Mergers and Acquisitions.

Bank of America Corporate Headquarters

Recognizable and Respected Name: BAML has good exit opportunities as the company is recognized worldwide. Bank of America is the 26th largest company in the United States by total revenue and is the second largest bank in the US by assets. It is also located in all 50 states as well as 40 other countries. Since the acquisition of Merrill Lynch in 2008, Bank of America is considered one of the "bulge brackets" and is a major player in the investment banking market. Similar to UF, Bank of America is well respected and is known throughout the United States and the world.

Company Culture: Bank of America's culture appeals to me because it is heavily meritocratic. Unlike other investment banks such as Goldman Sachs or Morgan Stanley, Bank of America does not care about academic pedigree or prestige but focuses instead on results and what you can bring to the company. For example, the current Chairman & CEO of Bank of America received his law degree from the University of Notre Dame.

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Nick LoMurro
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