Usually BofA is not on the lower end of base but due to recent bumps their 95k is lowest of BB and all EB that have bumped. They were one of first to bump from 85->95 early on so i’m sure they will again but curious to hear any insight
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They were known to pay at the top end of BBs - they should be bumping but I would assume that they are waiting for the dust to settle before making a second move.
Bump
It's happening!
I think base just got bumped to $100k. Source: SA who just got a return offer today and that’s what they told her
didnt wejust get an email about pay bump in feb 2022
no? I did not receive anything stop the cap
Anything on A2?
Heard rumors about a raise to 100k, idk why they wouldnt do 110k with competitors around that
Facts
Bloomberg article today - confirmed An 1 = 100k, An2 = 105k (only hiked An 1 comp with this second hike, thats why the delta between An1 and An2 is only 5k - was 10k prior).
Does anyone know if this applies to wholesale credit?
anyone knows when this bump kicks in?
Rumor at BofA has it maybe end of this year. Ppl at the bank know that BofA historically pays on the higher end of BBs & now it looks out of place. Maybe just waiting on the street to calm down before another potential raise certainly hope so. Source: interned SA at the bank
Question. Do you mean another bump from the already new bump to 100K? So potentially another increase to 110k? I think this is possible as the latest bump does not take effect until feb 1. If other bbs follow GS to 110k I can for sure see baml increasing. However, if the other banks dont follow suit it wouldnt make sense for bofa to increase again as they just bumped to 100k this past week
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