Veterans Associate Program (VAP)

Program Overview

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.

Program Location and Dates

VAP 2027 takes place in New York City in the Spring: March 8, 2027 – June 4, 2027.

Program Structure

• One week of formal, intense technical and organizational training, including divisional/business and soft-skill development
• Two six-week rotations
• Combination of classroom instruction, e-learning modules, educational speaker series, case studies, and presentations from/to line of business throughout the program
• Mentorship and access across the entire bank
• Peer and professional networking throughout the full cycle of the program

What You’ll Do

Veterans will receive on-the-job training and be immersed in day-to-day industry experiences. The program allows participants to explore new career opportunities in financial services while working at one of the world’s leading financial institutions. Veterans will work on cutting-edge problems and help develop innovative solutions in aspects of client coverage and deal execution, including:

• 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 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 and conducting due diligence
• Performing complex financial modeling and valuation work (e.g., discounted cash flow, pro forma merger, precedent transactions, comparable company analysis)
• Generating ideas and seeking out new, value-added, and/or unusual sources of information

2027 Program Logistics

• Applicants must be available to participate in the full duration of the program in New York City.
• Current geographic deployment is not factored into the 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 campus MBA recruiting efforts.
• Veterans seeking immediate hire for open roles at the bank should apply through lateral recruiting efforts and will not be considered for this program.
• A full list of bank career opportunities can be found at bankofamerica.com/careers.
• Program participants who receive 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 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, and 79.
• All rotations during VAP and Full-Time placements will be in the New York or New Jersey regions.

Qualifications

VAP candidates must demonstrate a combination of relevant experience, the ability to manage multiple projects concurrently, adaptability in an ever-changing market-driven environment, strong interest in global financial markets, academic aptitude, and a track record of superior performance in extracurricular and professional activities. Strategic and creative thinking is also expected. Driving characteristics include team focus, decisiveness, initiative, strong work ethic, motivation, assertiveness, dynamic thinking, and the ability to grasp concepts quickly.

Required

• 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, with the 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 clients)
• Proficiency in Microsoft Office (emphasis on Excel and PowerPoint); familiarity with market data sources is a plus

Enhancing

• Degree concentrations in Finance, Economics, Applied Mathematics, Physics, Engineering, Computer Science, Statistics, or Finance-related fields (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 is a plus
• Database experience, including NoSQL or column stores, and data visualization experience is a plus

Shift

1st shift (United States of America)

Hours Per Week

40

Pay Transparency Details

US - NY - New York - 115 W 42nd St - BANK OF AMERICA TOWER AT ONE BRYANT PARK (NY5362)

Pay range: $40.06 - $40.06 hourly pay. Offers to be determined based on experience, education, and skill set.

Predictable pay: This role is compensated with a base salary and is not incentive eligible.

Benefits: This role is currently benefits eligible. The program provides industry-leading benefits, access to paid time off, resources, and support to employees to help them make a genuine impact and contribute to the sustainable growth of the business and the communities served.