Veterans Associate Program (VAP)

Bank of America•New York, NY

11d•Onsite

About The Position

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 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. 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. Veterans will receive on-the-job training, market compensation, and be immersed in day-to-day industry experiences. Participants will work on cutting-edge problems and help develop innovative solutions in all aspects of client coverage and deal execution.

Requirements

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)
Familiarity with market data sources a plus
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
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

Nice To Haves

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

Responsibilities

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