BOFA moving associates out of IB?
Heard from a friend at an industry group there that bank wide they are moving some associates to a non banking role. Anybody hear more about this ?
Trending Content - Investment Banking Forum
| +269 | Earliest you can get fired | 58 | 13h |
| +251 | UBS’s M&A BANKERS ARE DOING TERRIBLY. $200M EXTRA IS BEING CUT | 47 | 17h |
| +238 | Investment Banking is Divine | 40 | 10h |
| +223 | Career Crossroads | 31 | 1d |
| +213 | US 2027 SA IB worried about background check | 53 | 6h |
| +207 | Another $115bn Mega deal for these banks. Congrats! | 45 | 10h |
| +206 | Analyst: Why is UBS IB doing worse than peers?, UBS CFO: No Comment | 41 | 1d |
| +122 | Is UBS really that bad? | 38 | 9h |
| +39 | Is Houston SA 28 recruiting already over? | 33 | 12h |
| +26 | 2026-27 IB Energy Top Banks | 8 | 13h |
Career Resources
Old news
Yeah, heard this happening in the last couple of days from a buddy of mine. Sounds like BofA is finally addressing the massive associate bloat while trying to avoid RIFs.
From my understanding, they have a track record of doing this.
Where exactly are people being moved to?
Will it be a less intense role with solid pay? If so, certainly not the worst outcome.
How many people? They did this last year too
Aspernatur temporibus amet corporis sed. Ut incidunt velit praesentium ab quia sed dolor possimus. Ea vel praesentium nobis ut eligendi. Eum dicta aut ut dolorum quibusdam. Quibusdam et maxime sit dolore. Voluptatem et ea quisquam aut. Occaecati magni incidunt recusandae perferendis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...