Bank of America Merrill Lynch is one of the biggest banks in the world. With private, corporate, and investment banking branches, there are lots of places for you to make your mark.With over 6,000 offices worldwide and taking in more than 250 graduates per year, BofA Merrill Lynch is known to be a great place to work.
This page outlines what graduate applicants can expect from the recruitment process. Other applicants will meet with a similar process and may also find the advice on this page useful.
The first thing that you need to take care of is the online application form which is comprised of two separate stages. The first is setting up your application account where you are given a chance to enter all of your information and can upload your CV. Once you have done this,you then have to choose a particular position to apply for. This is a fairly basic online application form where you have a second chance to not only upload your CV but also to write a cover letter explaining why you are the most suitable candidate for the position.
The five key competencies of BofA Merrill lynch are:
We see a common denominator here and that is that the customer always comes first. You have to show with your answers that you have put someone else before yourself in the past. Make sure to incorporate these core values into your application.
If your application is successful, Bank of America Merrill Lynch will invite you to take either a numerical or logical reasoning aptitude test, depending on the position you are applying to. These tests are provided by IBM’s Kenexa. As these tests assess the exact skills Bank of America Merrill Lynch is looking for, a good performance on these tests is imperative.
Candidates applying for most positions (other than technology positions) are asked to sit a numerical reasoning test. You have 20 questions to answer in a 20 minute time frame. You are presented with a number of different pieces of numerical data ranging from percentages to ratios. Having correctly analysed the information, you need to select the right answer from a choice of different possibilities. Working under such severe time constraints enhances the challenge of the test and can cause you to make mistakes. Prepare for your test with our Kenexa-Style Numerical Reasoning Test Practice.
Candidates for technology roles will be asked to sit a logical reasoning test. This is a 12 minute test with 24 questions. During the test, you are given a series of shapes and must determine which is the missing shape in the sequence. This test examines your ability to make correct assumptions and conclusion under time pressure. Using practice tests to get a feel for the real thing is a great way to get ready. You can use JobTestPrep’s logical reasoning preparation resources to help you with that.
After you have successfully completed the Merrill Lynch numerical test, you will be asked to complete a competency questionnaire. There is no time limit to these questions, so you can make sure that your answers are truly suited to the position you are applying for. While answering these questions, it is important to remember that they are looking to see that you have demonstrated the core values of the company before in your life. Practice answering competency questions with our practice questions.
If you successfully pass the online aptitude tests, you are next invited to take part in a telephone interview. The questions are also competency based so they are similar to the questions asked in the competency questionnaire. As well as this, you are expected to know about the current situation of the market and how it affects BofA Merrill Lynch. Some example questions are:
For a complete rundown on how best to deal with any interview situation find out about our interview preparation package.
If you are successful in the telephone interview, you will be invited to the Bank of America Assessment Centre.