Apparently several groups at BofA have 15+ ASO3s… there’s no way all of them can get promoted to VP. Will the bank be forced to do a RIF? Will they just promote everyone?
The bottom performers aren’t leaving even with $0 bonuses because they lack attractiveness on the open market and BofA doesn’t fire people. Has anyone ever seen anything like this?
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All female Associates will be promoted so will be top males. The rest will get canned.
SO real on the female part. It's getting out of hand
I am all for DEI in recruitment. However, once we start working the yardstick should be the same for everyone. The fact that 30-50% promotion spots are reserved for females regardless of their performance vis-a-vis male peers is flawed and against the ethos of capitalism. To make things worse, seniors will acknowledge these quotas among VP+ discussions, however, to the female A&As they will make it look like these promotions were well-deserved and they were top performers yet they would never let them be focal points on deal teams or hold the pen on live deal models
Not sure, but could be a bloodbath
I guess they need to hire T.Diddy to reinvent BofA
Any insights for London? Hear HC group very bloated there, other teams more lean
They still recuit new analysts to HC, even now there's one posting for London. Overall I've heard that bloating refers to the US, London is not affected, but maybe someone else could shed more light
I've seen banks do ASO4, guessing that is where the non-top performers are headed. Doubtful they would promote everyone
RIF is definitely a possibility as well, especially if they don't need them based on current dealflow
Sad times indeed
dude, why do you go into all the bofa threads and troll? you are the dude that trolled the death of that one fig associate at bofa by creating that lie about juniors staging a protest at bofa. you clearly do not even work at bofa. get help?
No need to mention him commenting on every single UBS thread - can’t believe this guy is not canned yet
I’m sure EGRC would love to have them!
what is the logic behind dumping all the bottom feeders into egrc?
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