Bank of America Summer Analyst Internship
Everything you need to know about the Bank of America summer analyst program, including compensation, conversion rates, recruiting timeline, and application tips.
Last updated April 2026 · By the Superday AI editorial team
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$2,115/week
10 weeks
~70-75%
Overview
Bank of America's 10-week Global Investment Banking Summer Analyst program pays $2,115 per week, about $110,000 annualized, and converts roughly 70-75% of interns to full-time offers.
Key facts
- Bank of America summer analysts earn $2,115 per week, about $110,000 annualized, plus a $4,000 housing stipend.
- The Global Investment Banking Summer Analyst program runs 10 weeks from June to August.
- Roughly 70-75% of Bank of America summer interns convert to full-time offers.
- Bank of America offers up to $1,500 in relocation assistance and delivers return offer decisions in the final week of summer.
- Bank of America's protected weekend policies extend to interns, producing more predictable schedules than Goldman or Morgan Stanley.
Compensation
Summer analysts earn $2,115 per week, which annualizes to about $110,000, plus a $4,000 housing stipend. Bank of America provides up to $1,500 in relocation assistance. Housing is not provided directly, so the stipend covers part of summer living costs.
Conversion and Return Offers
Roughly 70-75% of interns convert to full-time offers. The evaluation is a genuine process: strong performers receive offers, and borderline candidates receive transparent feedback. A mid-summer review gives interns clear performance indicators, and return offer decisions arrive in the final week of summer.
The Experience
An initial training period covers modeling, valuation, and the firm's proprietary systems, followed by staffing on live transactions across advisory and capital markets. The rotational structure means some interns work in multiple groups during the summer, with exposure to different sectors and products. Interns work hard but report more predictable schedules and fewer extreme late-night sessions than the most intense competitors, and the firm's protected weekend policies extend to them. The middle-market presence also means interns may see a wider range of deal sizes than at firms focused only on mega-cap transactions.
Recruiting and Timing
The recruiting timeline follows the standard bulge bracket cadence. Applications open in late summer, and interviews span the fall.
Internship Compensation
Weekly Pay
$2,115
Annualized Salary
$110,000
Housing Stipend
$4,000
Relocation
Up to $1,500
Meals: Meal vouchers and cafeteria access
Transport: Car service after 9pm
Recruiting Timeline
Applications Open
July-September (year before)
HireVue Deadline
September
First Round Interviews
September-November
Superdays
October-February
Offers Extended
November-March
Application Tips
- Highlight BofA's commitment to responsible growth and ESG initiatives
- Emphasize teamwork and collaboration in behavioral interviews
- Prepare for technical case studies involving M&A and valuation
- Demonstrate awareness of BofA's industry group strengths
What to Expect
Bank of America's internship program is structured around a balance of deal work and learning. Interns receive comprehensive training in the first week, covering financial modeling, pitch preparation, and client interaction skills. Throughout the summer, interns are staffed on live transactions, typically 2-3 deals, with exposure to pitches, due diligence, and execution. The firm's focus on analyst wellness translates to the intern experience, with more predictable hours compared to peer banks. Mid-summer feedback sessions provide guidance, and return offers are extended to strong performers based on technical ability, teamwork, and cultural fit. Social and networking events are frequent, fostering a collegial intern class culture.
Intern Perks
- Wellness programs and gym access
- Diversity and inclusion events
- Access to Merrill Lynch research
Frequently Asked Questions
How much do Bank of America summer analysts make?
Bank of America summer analysts earn $2,115 per week, which annualizes to approximately $110,000. The program typically runs for 10 weeks.
What is the Bank of America intern conversion rate?
The conversion rate for Bank of America summer analysts to full-time offers is approximately ~70-75%. Final week of summer.
When should I apply to Bank of America?
Applications for the Bank of America Global Investment Banking Summer Analyst typically open July-September (year before). First round interviews are held September-November, with Superdays October-February.
More Bank of America Resources
Sources
- Bank of America - Campus Recruiting. Bank of America (accessed 2026-05-14)
- Internship & Co-op Survey. National Association of Colleges and Employers (NACE) (accessed 2026-05-14)