• 25 Jan 2013 at 6:40 PM

Bonus Watch ’13: Bank Of America

Apparently some did not fare as well as others.

From the front lines:

“Bonuses for first year associates bankers in consumer and retail group ranged from 25k-50k. Everyone is irate and morale is at an all time low.”

21 comments (hidden to protect delicate sensibilities)
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Comments (21)

  1. Posted by Guest | January 25, 2013 at 8:59 PM

    not a lot of money for all that work

  2. Posted by Guest | January 25, 2013 at 11:24 PM

    So $40 to $45 bucks an hour (before federal, state, and city taxes*) assuming $125k base and a 75 hour work week. And a new round of layoffs approximately every 3 months. Sweet gig.

    *Not counting the 9% sales tax you'll encounter when you try to spend what's left over.

  3. Posted by Lloyd B. | January 26, 2013 at 1:32 AM

    What a bunch of scumbags over there. I hope this piece of shit bank fails.

  4. Posted by Guest` | January 26, 2013 at 5:07 PM

    Comparable to a carpenter.

  5. Posted by Jason | January 26, 2013 at 5:48 PM

    Fyi First year associate base salary is 100k

  6. Posted by Dan | January 27, 2013 at 10:27 AM

    Probably closer to 90 hours a week. Also, you need to factor in time and a half for anything over 40 hours, so closer to $25-$30 an hour on an hourly basis. Baml probably pays the IT staff and word processing better than that.

  7. Posted by Guest | January 27, 2013 at 12:37 PM

    No, stub year associates get paid $100k. They got bumped to $125k when they got their stub bonuses.

  8. Posted by Mian Broynihan | January 27, 2013 at 5:20 PM

    I personally know the staff there well. What a bunch of depressed losers in that group. Perhaps it's because they work at BofAML…not JPM or GS. The VPs are a bunch of incompetent donkeys that went to inferior schools than their analysts and associates. That said, they treat them like dog piss. I rather jump in front of traffic than work in that group.

  9. Posted by whocare | January 27, 2013 at 11:11 PM

    I heard VP received 40K bonus. Is this true?

  10. Posted by John | January 28, 2013 at 6:50 AM

    What a pathetic display by a sub-par financial institution. A bunch I no talent ass-clowns are running that group. Having worked at BAML an left, I recommend to STAY AWAY. They treat their employees like shit and senior management is incompetent.

  11. Posted by Guest | January 28, 2013 at 9:50 AM

    "I recommend to STAY AWAY"
    And do go where, do what? Most of us just stay and hope things will turn around eventually

  12. Posted by guest | January 28, 2013 at 11:12 AM

    this is a disgrace

  13. Posted by Guest | January 28, 2013 at 2:34 PM

    disgrace has nothing to do with it. if the bonuses prompt a wave of expensive departures, it will have been a bad business decision. if people grumble but stay, they'll confirm that it was a good business decision.

    guy who saw this movie in 08.

  14. Posted by Well | January 28, 2013 at 10:33 PM

    They do create more value.

  15. Posted by Alternatives | January 28, 2013 at 10:35 PM

    So you instead spend your days here?

  16. Posted by Yet you will stay | January 28, 2013 at 10:36 PM

    Finished with your whining?

  17. Posted by Jak Rozliczyc Pit | February 8, 2013 at 5:46 AM

    Consider being a fisherman…

  18. Posted by chat | February 20, 2013 at 10:55 PM

    goods blogs thankssadas

  19. Posted by sohbet | February 20, 2013 at 10:55 PM

    goods blogs thanks

  20. Posted by sohbet odalari | April 26, 2013 at 4:08 AM

    sad to hear Aleksey Vayner died. RIP.

  21. Posted by sohbet | April 26, 2013 at 4:08 AM

    sad to hear Aleksey Vayner died. RIP.