BofA was one of the first BBs to bump base for AN1/2, but it looks it's now much lower compared to the other BBs…
Does anybody know what return rates this year will be like for SAs?
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What are they at, 95? That’s fine. Would hope for a boost if it’s 90 though
Its 100 now
source?
Article on Bloomberg
Base to 100k - from offer letter
Also saw Bloomberg article mentioned above. In addition, screenshots circulating around new hires show a pay scale of 100/105/110 for "Analyst 1/2/3". It was said that Analyst 1 actually refers to "Fiscal Year 1" that somebody is an Analyst (i.e. Stub year or An0) and Analyst 2/3 represents "An1/2" respectively.
Other new hires said they got internal emails confirming this, but I personally haven't yet.
Source: I work here.
Question, how would this work for someone who just started at the bank this past july? Raise to 100 or 105?
Per the logic mentioned above, when the policy takes effect next Feb said person would be in "Fiscal Year 2" hence 105. However I cannot attest to whether this logic is correct or not
I work here too - almost no analyst 3's exist in IBD/Capital Markets. Almost everyone who gets the promo gets after 2yrs.
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Would they ever change the summer analyst pay? They prorated off of 85k. I assume they wouldn’t considering they used 85k when A1 was at 95k.
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