Wealth Management Summer Analyst Program - Chief Investment Office, Investment Solutions Group,[...]

Bank of America; Jersey City (NJ); Remote; USD 50,000 - 90,000; Full time

Job summary

An established industry player is seeking motivated individuals for its Wealth Management Summer Analyst Program. This exciting opportunity allows interns to engage in various roles within investment strategy, asset allocation, and portfolio management. Participants will gain hands-on experience and mentorship while working alongside seasoned professionals. Ideal candidates will possess strong analytical skills, finance knowledge, and a collaborative spirit. This program is designed to cultivate future leaders in wealth management, providing a pathway to impactful careers in finance. If you're ready to make a difference and grow your expertise, this internship is for you.

Qualifications

• Strong record of achievement in extracurricular activities.
• Ability to work collaboratively and think independently.

Responsibilities

• Participate in investment strategy and asset allocation discussions.
• Assist in due diligence and portfolio management tasks.

Skills

Finance knowledge

Analytical skills

Communication skills

Critical thinking

Teamwork

Time management

Education

Bachelor's degree

Master's degree (direct program)

Tools

Excel

PowerPoint

Python

R

Bloomberg

FactSet

Job description

Wealth Management Summer Analyst Program - Chief Investment Office, Investment Solutions Group, and Merrill Home Office

Job Description & Program Overview

Bank of America provides comprehensive wealth management solutions to affluent and high-net-worth clients through Merrill and Private Bank teams.

Our Wealth Management Summer Analyst Program is designed to offer candidates the opportunity to work in various positions within our Chief Investment Office, Investment Solutions Group, and Merrill Home Office. As part of the Merrill organization, the Chief Investment Office and Investment Solutions Groups strive to provide world-class investment strategies, platforms, solutions and support for clients across all wealth management lines of business (including Merrill and the Private Bank). Through a highly integrated and effective Investment Process, they provide solutions across all product platforms and asset classes - multi-asset, equity, fixed income and alternative investments including structured products - through a comprehensive due diligence and oversight process for client portfolios. They also coordinate the investment strategy for wealth management advisors and clients, harmonizing and distilling market themes, identifying trends and supporting our client-focused investing approach. Merrill Home Office functions are critical to ensuring the wealth management strategies, tools, and processes are aligned to support our field operations in their pursuit of client acquisition and retention.

Our structured 10-week internship provides extensive on the job training, in addition to educational speaker events, coaching and mentorship throughout. Interns will be placed on a specific team within the Chief Investment Office, Investment Solutions Group, or Merrill Home Office such as:

• Chief Investment Office
  • Investment Strategy and Thought Leadership
  • Asset Allocation
  • Due Diligence
  • Portfolio Management & Strategy (Fixed Income, Equity & Multi-Asset)
  • Sustainable & Impact Investing (Chief Investment Office and Investment Solutions Group)
• Alternative Investments
• Investment Products & Platforms
• Personal Retirement Product Management
• Wealth Management Specialists
• Merrill Chief Operating Office Organization
• National Business Development Team

Qualifications

Required:

• Bachelors or Bachelors direct to Masters degree program student with a graduation date between November 2026 and August 2027
• Demonstrated record of achievement, such as extracurricular activities or leadership roles
• Finance knowledge
• Excellent verbal and written communication skills
• Analytical and critical thinking skills
• Ability to work effectively within a team
• Ability to think independently
• Ability to work collaboratively
• Strong time management skills and attention to detail

Desired:

• 3.2 minimum GPA preferred
• Technical skills such as Excel and PowerPoint
• Major or minor of studies in a field of Quantitative Finance, Financial Engineering, or a related technical field that blends advanced quantitative methods with finance and economics is a plus
• Experience managing and analyzing large data sets using data science tools such as artificial intelligence and machine learning
• Knowledge of coding and programming skills, including but not limited to Bloomberg, FactSet, Python, R, or equivalent

Bank of America is unable to consider candidates that will require visa sponsorship now, or in the future, for this specific role.

Travel: On needs basis

Full / Part-time: Fulltime

Hours Per Week: 40.00

Shift: 1st Shift