Bank of America Enterprise Credit Internship

Thank you LORD JESUS

Why are you interested in Enterprise Credit?

I’m really fascinated by Entrepreneurship and seeing how different businesses operate (maybe hope to get into it in my 40s). However, the most interesting about it is that 50% of businesses fail within 2 years and even more within 10.

Working as an Enterprise Credit Analyst, I’ll directly get to see the challenges that all sorts of businesses face and analyze them, like financial risks, regulatory risks, counter party risk, and general market risks. And theres a diverse pool of business from 5 year old businesses to 70 year old businesses

How do you keep up with financial news?

I tend to watch macroeconomic news sources such as BBC Business and TRT World to get news on recent developments in things that may affect the larger supply chain.

For instance Brazil is facing worse climate conditions and this has resulted in a shortage of coffee. This has resulted in many coffee farmers in East Africa, like Uganda and Kenya, beginning to expand their production to cover the shortage.

Just goes to show globalization.

Tell me about a time you worked in a team

This summer during my Private Equity internship, I was put on a group of two and tasked the assignment of creating an $100 million investment portfolio for a mock client. We were given 1 week to make a portfolio that reflected her personal values.

So given the short time frame, me and my partner began by first deciding how we were going to communicate throughout and also internal deadlines and goals. Our goal in addition to the deliverable was to be knowledgable on clients portfolio.

After deciding email and text, we planned each day out. With the first 3 days being focused on researching our client and knowing her interests and virtues. We also looked at various asset class allocations that would make her capital resilient throughout market conditions but also grow it.

On the third day we chose specific securities with the asset classes that aligned with her values but had low volatility and low correlation to mitigate risk.

And from there we made the power point and presented to each other, revising it, until we had it near memorized.

We ended up presenting it really well, with our manager saying we were straightforward and well informed.

How has your coursework prepared you for this role?

My coursework has given me a strong foundation on the world of corporate finance. Prior to my last internship, I thought school gives you knowledge like 1 foot deep in a 10ft pool. However during my internship I quickly realized, school helps you get 1 ft deep into an ocean, but helps you swim deeper into it faster.

At the very least From what I’ve learned in my Financial Markets Class and Portfolio Management classes last year year its pretty apparent school has helped me connect conceptual dots and make pracitcal things like excel models on the job.

Why Bank of America?

Well Bank of America has 8 lines of business and within each line there is a diversity in their clients. While most are businesses that face different circumstances, the company has been able to serve all stakeholders both employees and clients, in a way that rewards both. Based of the Q2 report I’d say the business is happy.

Now for the people that make the business. All the Bank of America analysts I’ve spoken with have talked about the work-life balance that’s unique to Bank of America, and career development offered by things like the The Academy at Bank of America which is a resource library. You’re not going find that anywhere else.

I have the Job at Bank of America as a Enteprise Credit Analyst

In Jesus Name God willing Amen