Quantitative Data Analytics Summer Analyst Program

Quantitative Data Analytics Program (QDAP)

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference.

Quantitative Data Summer Analytics Program Overview

The Quantitative Data Summer Analytics Program is a 10-week summer internship and a precursor to the Global Quantitative Data Analytics Program designed to develop and coach quantitative and analytical talent.

As an intern, you will complete on-the-desk work with your assigned team and apply quantitative and analytical methods to specific financial challenges. Throughout the internship, you will engage in challenging projects and opportunities to advance your career and development in addition to learning and professional development opportunities, networking and volunteer events, mentorship, speaker series, and more.

Program Structure

The Quantitative Data Analyst Program extends across five lines of business. In your role, you will support the specific business you are hired into. The businesses include:

• Global Risk Management
• Chief Financial Officer Group
• Enterprise Credit
• Consumer & Small Business Banking
• Analytics, Modeling & Insights

You must choose one of these lines of business and then will be considered for this specific track.

What You’ll Do – Explore Potential Roles

Below you will find the job profiles/roles for QDAP. When completing the application, you will have the opportunity to stack rank the profile of interest.

• Quantitative Analyst: Apply mathematical and statistical models to understand and solve financial and risk management problems; skills include financial and mathematical modeling and proficiency in programming languages such as Python, C++, R, MATLAB and/or Java
• Data Analyst: Collect, clean, analyze data, and extract insights; proficiency in data visualization tools (Tableau, Hadoop, PowerBI) and programming languages (Python, R, SQL, and/or Java)

Intern assignments are developed based on business need and aligned to skillset and therefore cannot be guaranteed.

Location

This role has headcount in Atlanta, Charlotte, Chicago, and NYC Metro. Based on the line of business you apply to, please rank your top 3 locations of interest where you would accept an offer.

A Day in the Life

As a Summer Analyst, you will be placed on one team where your primary responsibilities may include but are not limited to:

• Extracting, processing, and interpreting data to support decision-making, including potential for complex modeling
• Conducting research and analysis, including assessing internal and public data, to provide a micro view of risk and/or financial management in a particular business line and a macro view for the organization
• Applying quantitative and analytical knowledge to specific financial challenges and projects aligned to your business

Lines of Business Descriptions

Global Risk Management

• Global Risk Management (GRM) leads company-wide initiatives for managing risk and sustaining a strong risk culture, including development and implementation of independent risk management measures. GRM manages the Bank's risk framework and key risk types including strategic, credit, market, liquidity, operational, regulatory, and reputational risk. We oversee governance and strategy for global risk management, including relationships with key regulators and supervisory institutions worldwide.

Chief Financial Office

• The Chief Financial Officer (CFO) Group is responsible for the overall financial management of the company and supports finance, regulatory, and capital requirements. The team partners with all lines of business and support functions to achieve goals, drive growth and profitability, and deliver Responsible Growth. Responsibilities include accounting, financial and regulatory reporting, balance sheet management, financial planning and analysis, treasury, investor relations, corporate investments and tax, with technology to automate processes and standardize reporting.

Enterprise Credit

• Enterprise Credit is an integrated credit underwriting, monitoring, credit data management and credit technology transformation organization supporting clients across eight lines of business. Data management includes internal and regulatory reporting, partnering with the credit technology transformation team to ensure data and controls are built into credit systems to drive transparency and support digitization.

Consumer & Small Business Banking

• Consumer & Small Business Banking drives strategic growth initiatives across core business units to serve client and business needs. The group supports initiatives spanning strategy, product management, digital, marketing, sales enablement, operations, payments and analytics. You will be exposed to multiple parts of the business and learn how to develop, test, launch, and operationalize new strategies to better serve clients.
• Retail Banking provides mass-market U.S. consumers with financial products and services through digital banking capabilities and an extensive retail network. The goal is to be the world’s best digital bank, backed by a network of financial centers across the country.

Consumer - Analytics, Modeling, and Insights

• The Analytics, Modeling and Insights (AMI) team is responsible for client insights that enable partners to make better decisions. We use analytics, research, modeling, decision sciences, measurement and reporting to understand what clients think, feel and do, to anticipate next steps and inform business strategies.

Qualifications

• Degree Type: Bachelor's or direct-to-Master's degree from an accredited college or university
• Graduation Dates: between November 2027 and August 2028
• Major/Course of Study: Mathematics, Statistics, Economics, Data Science, Computer Science, Financial Engineering, or similar
• GPA: 3.5 minimum preferred
• Candidates must have advanced programming language and analytical tool skills, including Python, SQL, R, C++, MATLAB and/or Java
• Candidates interested in the Data Analyst profile should possess proficiencies in data visualization tools, including Tableau, Hadoop and/or PowerBI

Internship and full-time recruiting occurs on a rolling basis once applications open. Assessments often begin before the deadline, so it’s best to submit your application early to maximize consideration.

Bank of America does not complete third-party forms from colleges, universities, or other parties.

Travel: On needs basis

Full / Part-time: Fulltime

Hours Per Week: 40.00

Shift: 1st shift