Within the early 2000s it got here as one thing as a shock to graduates within the UK once they discovered themselves competing for banking jobs with the highest college students from throughout Europe. Now, one thing related could possibly be taking place in Paris.
Bank of America (BofA), which has round 400 individuals working at its workplace at La Poste within the eighth arrondissement, is hiring college students to all its enterprise traces in France for 2021.
The French workplace is Bank of America’s EU hub for after Brexit and the bank is concentrating on college students from throughout Europe for its graduate roles there, not simply from French universities.
College students who need to work for BofA in Paris can presently apply for summer time internship roles in international company and funding banking (eg. Fairness capital markets and debt capital markets), analysis and international markets (gross sales and buying and selling), with a deadline of November 6. Many of the bank’s European internships are open in each Paris and London though some (eg leveraged finance, wholesale credit score) are solely presently open in London.
Bank of America declined to touch upon the break up of graduate hires between Paris and London subsequent 12 months. The bank has but to open EMEA recruitment for full time positions.
This 12 months’s summer time analysts and junior hires at Bank of America in Paris had been drawn from universities together with HEC and ESCP Europe. In future they may come from Imperial School or the London Faculty of Economics too.
In France, it’s regular for college students to do a number of lengthy internships en-route to a full time job. At U.S. banks, nevertheless, the norm has been for college students to finish summer time internships for 10 weeks and to return the subsequent summer time in a everlasting function if employers preferred them. Bank of America is pursuing the latter choice, which may mark a change for French college students extra used to the previous.
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