'08 First-Year Base Salary
All for one and one for all, right? Looking for additional data points on what kinds of #s people are seeing in offer letters. Obviously this is going to be for the SAs with offers, since the fall recruiting season hasn't kicked off in earnest yet.
Point is to see what's the low-ball #. Without revealing too much, my bank clearly thinks the market is going to go to hell, the base is a considerable drop from last year's. Once the post picks up speed I'll drop the #s
BoA is still offering 60K a 0% increase from '07 and a 9% increase from '06
I'd be absolutely shocked if any major bank decreased base salaries in any division of the bank for either analysts or associates. Base salaries haven't dropped in at least the last 10 years. Associate salaries, for instance, were 85K base from the late 90s through about 2004 or 2005, when it went to 95K. No way they'll change that. They'll just screw you come bonus time.....
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