1. Bank of America “ We have, at our fingertips, an opportunity to redefine an industry – to create a benchmark in business quality, productivity and service and to help people everywhere discover new ways to use financial services to achieve their dreams.” -Ken Lewis, Chairman and Chief Executive Officer

2. Financial Services Industry  Depository Institutions  Commercial Banks  Thrifts  Credit Unions  Capital Markets Firms  Investment Banks  Brokerage Firms  Investment Managers  Insurance Companies Bank of America = Depository Institution + Capital Markets Firm

3. Corporate Finance vs. Investment Banking vs. Public Accounting Corporate Finance  Analyze our own company’s financials (Internal)  Prepare financial statements for their company (Internal)  Business Finance Officers advise the company’s business divisions on financial issues related to running their business (Internal)  Prepare tax returns and provide tax advise for their company (Internal) Investment Banking  Analyze other Corporations financials (External)  Provide creative capital raising solutions to Corporations (External)  Provide advisory services to Corporations (External) Public Accounting  Audit clients financials (External)  Advise clients on Accounting matters (External)  Prepare tax returns and provide tax advise to clients (External)

4. Finance Group Structure Executive Management, Shareholders and Regulators Corporate Finance Functions Accounting Policy Balance Sheet Mgt Support Corporate Tax Decision Systems External Reporting Financial Analysis General Accounting Management Accounting Risk Management Supply Chain Management Strategic Planning Business Unit Management Business Unit Support Functions Consumer and Commercial Bank Support Consumer Products Support Global Corporate and Investment Bank Support Asset Management Support Staff Unit Support Functions Staff Support Technology & Operations Support

5. Skill Set Requirements  Critical thinking/analytical skills  Business relationship skills  Strong knowledge of the business  Technical accounting knowledge  Management accounting knowledge  Technical skills (excel/access)  Adapts well to change  Team Player  Process orientation  Communication/active listening skills  Time management

6. Typical Assignments Rotation #1: Corporate Finance (Accounting Policy) Primary Responsibilities  Research accounting literature to determine appropriate treatment of new and unusual transactions  Provide updates on emerging accounting issues and regulation  Assist in preparing written communications to regulatory and standard-setting bodies, including the FASB and SEC  Provide analysis for external auditors  Provide support on implementation and communication of new accounting rules Rotation #2: Staff Unit Support (Technology and Operations Finance Support) Primary Responsibilities  Produce initiative spending reports for all lines of business  Conduct variance analysis on initiative spending at the business level  Update In$ight with initiative forecast and plan numbers at the business level  Discuss project/programming allocations with relationship managers for each line of business  Create ad-hoc processing support reports for relationship managers to discuss with their business partners  Develop and maintain buyer-seller template

7. Typical Assignments Rotation #3: Business Unit Support (Consumer Credit Card Finance Support) Primary Responsibilities  Build pricing models and forecasts, extract vintage data and create presentations on acquisitions/activation strategies  Serve as controller for New Account Activation team by managing budget, forecasting growth and evaluating program financials  Prepare Quarterly Acquisitions Review and Strategic Acquisitions Forecast for monthly campaign review and comparison  Update acquisition selection models with current financial drivers  Communicate changes in expected performance of programs to business partners

8. Finance Management Associate Program (MAP)  Primary entry point into Corporate Finance at Bank of America at the undergraduate level  2 year program  2 –3 rotation opportunities allowing associates to see different areas of Corporate Finance  Focuses on development of future leaders in Corporate Finance through:  Experiential learning  Networking  Training  Coaching/mentoring

9. Advancement Opportunities  Tremendous amount of advancement opportunities  Based on performance Finance Analyst (FA) Finance MAP Intermediate Finance Analyst (IFA) Senior Finance Analyst (SFA) Manager (Mgr) Senior Manager (Sr Mgr) Executive (Exec)  Finance MAP entry: 5 – 7 yrs to reach Manager level  Other entry: 7 – 10 yrs to reach Manager level

10. Success Stories Hedrick Ellis Finance MAP (1996 – 1999) Senior Finance Analyst, Consumer Banking Finance (1999 – 2000) Senior Finance Analyst, Technology & Operations Finance (2000 – 2001) Manager, Technology & Operations Finance (2001 – 2003) Senior Manager, Technology & Operations Finance (current) Jason Collins Finance Analyst, Mortgage Finance (1995 – 1998) Finance MAP (1998 – 2001) Senior Finance Analyst, Cash Management (2001 – 2002) Manager, Cash Management (current) Julie Harris Finance MAP (2000 – 2002) Intermediate Finance Analyst, Strategic Cost Services (2002 – 2003) Senior Finance Analyst, Corporate Planning & Forecasting (current)