Considering how bad BofA has been about raises and bonuses, the only way not to feel disappointed is to expect to get nothing. No raise, no bonus. Then when you get the borderline insulting 1 % or 2%, you might not be overjoyed but at least you won't be crushed either. With BofA, the goal is to lower the bar. And then keep lowering it.
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I'm a "VP" in GT&O sure as he-l ain't making $250,000. @bwa+1f3hZv1b
Aren't those salary increases specific to Wall Street / investment banker positions only? Not throughout the entire bank.
Damn, I am a director in name only and make a little over $120k all in..
Directors will earn as much as $350,000 this year — up from $250,000
Pay for VP’s is rising to $225,000, and associates will earn about $160,000 in base salary — up from $140,000
To be competitive in the market.. bumped up base salaries for MDs in IB & markets to $500,000 from $400,000 last year.
Don't forget that a major part of lowering that bar is who they move into leadership positions. You have one incompetent manager making key decisions and promoting another incompetent to be a manager.