Veterans Associate Program (VAP)

Bank of America; New York (NY); On-site; USD 55,104 - 56,481; Full time

Job summary

Bank of America invites Veterans to join the Veterans Associate Program (VAP), a 13-week rotational experience in New York City across Global Banking and Global Markets. You will rotate through desks including Investment Banking, Capital Markets and Commercial Banking, gaining on-the-job training, mentorship, and exposure to live deal work.

The program focuses on developing technical, organizational and client-facing skills while offering market-competitive exposure and post-program

Qualifications

• BS/BA degree with outstanding academic qualifications.
• Active military commitment within past five years and/or currently serving in reserves or National Guard is required.
• Commissioned officer or strong enlisted members encouraged to apply.
• Strong quantitative/analytical skills; numeric and problem-solving orientation.

Responsibilities

• Participate in a 13-week Veterans Associate Program rotational model across multiple desks and groups.
• Engage in formal training, classroom instruction, e-learning modules and case studies.
• Work on pitch books, live deal materials and market updates; collaborate with teams across Global Banking & Global Markets.
• Demonstrate initiative, adaptability and client-facing skills while rotating through Investment Banking, Capital Markets, Commercial Banking and more.

Skills

Quantitative skills

Analytical skills

Organizational skills

Attention to detail

Verbal and written communication

Interpersonal skills

Excel & PowerPoint proficiency

Education

BS/BA degree

Tools

Microsoft Office (Excel, PowerPoint)

Job description

Program Overview

The Veterans Associate Program (VAP) is an elite 13-week rotational program designed for recently transitioned Veterans. VAP offers veterans the opportunity to rotate through multiple desks and groups across our Global Banking & Global Markets. Historical VAP rotational placements have included: Investment Banking, Capital Markets, Commercial Banking, Sales & Trading, Research, Public Finance, Prime Brokerage, Municipal Banking & Markets.

Program Location and Dates

VAP 2027 takes place in New York City in the Spring March 8, 2027 – June 4, 2027

Program Structure

The VAP model is highly engaging and programmatically structured:

• One week of formal intense technical, organizational structure, divisional/business and soft skill set developmental training
• Two six-week rotations
• Combination of classroom instruction, e-learning modules, educational speaker series, case studies and presentations from/to line of business throughout program
• Mentorship and access across the entire bank
• Peer and professional networking throughout the full cycle of the program

Veterans will receive on-the-job training, market compensation and be immersed in day-to-day industry experiences. The program allows participants to explore new career opportunities in the financial services industry while working at one of the world’s leading financial institutions. Our veterans will work on cutting-edge problems and help develop innovative solutions in all aspects of client coverage and deal execution including:

• Adhering to the highest degree of professional standards and strict client confidentiality
• Coordinating the activities of team members and clients with minimal supervision while taking on new responsibilities
• Building relationships and facilitating the information flow across a wide array of products and businesses
• Conducting industry and product research, database maintenance and/or writing reports
• Preparing pitch books, live deal materials and economic and market updates
• Pitching new business
• Analyzing detailed corporate and financial information, as well as conducting due diligence
• Performing complex financial modeling & valuation work (discounted cash flow, pro forma merger, precedent transaction, comparable company analysis, etc.)
• Idea generation and seeking out new, value-added, and/or unusual sources of information

2027 Program Logistics

• Applicants must be available to participate in the full duration of the program in New York City.
  • Current geographic deployment is not factored into programmatic approach and design (domestic or abroad)
  • No exceptions will be granted
• Applicants should consider their long-term career interest in financial services and whether this type of program is best suited to those interested.
  • Veterans considering and/or have already applied to business school are encouraged to apply through our campus MBA recruiting efforts
  • Veterans seeking immediate hire for open roles at the bank should apply through our lateral recruiting efforts and will not be considered for this program
  • A full list of all bank career opportunities can be found at bankofamerica.com/careers
• Program participants who are extended Full-Time offers at the completion of this 13-week program must be prepared to begin work on or about July 19, 2027.
  • Veterans may also be required to complete Summer & Full-Time Training in July 2027 as part of Program Management for new incoming Associates
• Market specific specialized licensing and certification may be mandatory post completion of the program (depending on LOB and role including but not limited to Series 7, 55, 63, 79)
• All rotations during VAP and Full-Time placements will either be in the New York or New Jersey regions

Qualifications

VAP candidates must demonstrate a combination of relevant experience, ability to multi-task various projects concurrently, adaptability in an ever-changing market driven environment, strong interest in global financial markets, academic aptitude, track record of superior performance in extracurricular and professional activities, and strategic/creative thinking. Some common driving characteristics we look for include team focus, decisiveness, initiative, strong work ethic, highly motivated, assertiveness, dynamic, ability to grasp concepts quickly.

Required

• BS/BA degree with outstanding academic qualifications
• Complete with Active Military commitment within the past five years and / or currently serving in the Military Reserves or National Guard required
• Commissioned officer or strong enlisted members
• Strong quantitative / analytical skills; numeric and problem-solving orientation
• Organizational skills
• Attention to detail
• Distinguished verbal and written communication skills, ability to present complex material in a simple manner
• Strong interpersonal skills and interest in working with clients (majority of roles are client facing and/or require an interest in facing off with clients)
• Proficiency in Microsoft Office programs (emphasis on Excel and PowerPoint); and familiarity with market data sources a plus

Enhancing skills

• Degree concentrations in Finance, Economics, Applied Mathematics, Physics, Engineering, Computer Science, Statistics or Finance-related degree desired
• Understanding of accounting, financial modeling, and corporate finance (job specific)
• Working knowledge of financial statements
  • Some roles may require knowledge of at least one programming language (including but not limited to Java, C, C++, Scala, Perl, R, Slang, etc.), In these cases, experience in statistics or machine learning a plus
  • Database including NoSQL or column stores and data visualization experience also a plus

Shift

1st shift (United States of America)

Hours Per Week

40

Pay Transparency details

US - NY - New York - 115 W 42nd St - BANK OF AMERICA TOWER AT ONE BRYANT PARK (NY5362)

Pay range $40.06 - $40.06 hourly pay, offers to be determined based on experience, education and skill set.

Predictable pay: This role is compensated with a base salary and is not incentive eligible.

Benefits: This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.