Bank of America Summer Analyst Internship

Bank of America's Summer Analyst Program hosts a substantial intern class for a 10-week program running from June through August. Interns earn roughly $2,115 per week ($110K annualized) with housing stipends available for those relocating. The program design reflects BofA's investment in structured development: an initial training period covers modeling, valuation, and the firm's proprietary systems, followed by staffing on live transactions across advisory and capital markets. What distinguishes BofA's internship is the balance between meaningful deal exposure and a more sustainable pace than the most intense competitors. Interns work hard but report more predictable schedules and fewer extreme late-night sessions than at Goldman or Morgan Stanley. The firm's protected weekend policies extend to interns, creating a more balanced experience. BofA's conversion rate is approximately 70-80%, reflecting a genuine evaluation process where strong performers receive offers and borderline candidates receive transparent feedback. The mid-summer review process provides interns with clear performance indicators. The recruiting timeline follows the standard bulge bracket cadence, with applications opening in late summer and interviews spanning the fall. The firm's rotational program means some interns experience multiple groups during the summer, providing valuable exposure to different sectors and products. BofA's middle-market presence also means interns may work on a wider range of deal sizes than at firms focused exclusively on mega-cap transactions, providing excellent foundational training.