Heard they underpay “because they can.” And not enough people leave so the cycle continues. Is BofA still the lowest paying bank on the street?
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I heard it was slightly better this past December .... still bad a below street tho
Yes
Yeah why do you think a certain associate needed to do tik tok on top of doing her job
Now all that women is doing is posting tik toks about her boyfriend and being in la. She went to harvard and ended up at bofa no mfpe. and now is doing tik tok. A Great reason to go to harvard.
Seems BofA is doing much better this year (in total IB fee terms) with a lower IB headcount. I’d not be surprised to see BofA bumping up bonuses significantly this year.
People said the same thing last year, and the year before that. They underpay because they deliberately choose to, not because they have a bloated headcount. IB is not a strategic priority for the firm so on the margins, they choose not to invest in IB.
Obviously we can’t go beyond pure speculation at this point, but I think there’s a very rational explanation for mediocre bonuses at BofA in the past 3 years: lower than expected IB fees. Plain and simple. BofA used to be one of better paying BBs prior to COVID. After tanking in 2H2022, BofA’s IB fees remained pretty flat until Q3’25. There has been a significant recovery right after Q2’25, and they seem to have kept the momentum going through Q2’26. Unless they fumble again in the second half of this year, I think BofA will match overall street average in this bonus cycle.
The problem is people leave but it is usually just the top performers. The bank is infested with bottom buckets that never leave so everyone is mostly okay with the rat pellet pay.
Total IB fees this year look better on paper because it is mostly deals where the bank was another bank's sidekick and got paid on financing. There were one or two good deals but the MDs who did those are leaving too rofl
This is the case at every bank.
I left and could not be happier
You left the consumer retail group ?
The group you are in doesn’t matter there. It’s not a bad place, pay just doesn’t work
They have the lowest comp ratio of any bank (within corporate and investment banking). That likely will not change under Moynihan. IB fees have recovered significantly for BofA… along with all the other banks. As long as market share remains stagnant, M&A flow remains weak relative to the size of its platform, and corporate/HR/Koder keeps the comp ratio low, BofA bonuses won’t get better anytime soon.
the only indicator you need to watch to answer the question "is bofa serious as an ib" is the size of their egrc team. they have like 100 mds and directors in that shit pit that produce nada and i think they just hired like 10 more mds recently to add to the pile of shit they have there. it is like they continue to triple down on this group no matter how much dough they continue to leak.
Moynihan promised his investors ROTCE growth of 16-18%. That’s probably coming at the expense of the bonuses, And the guy who runs the IB function, used to lead the COO function, so they have someone at helm, who’s focussed on cost control, and efficiencies, and increasing market share via regional banking growth. The rest of the IB franchise isn’t a priority for this firm.
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