Thread regarding Bank of America layoffs

Do job bands actually matter?

I see many b5s having the same exact responsibilities as b4s. I’ve heard you don’t even get that big of a salary bump moving up to b4, if any. This is unlike any company I’ve ever heard of. It seems it’s either you’re a band 3 or a peasant. What is going on?


by
| 10 views | | 6 replies (last 58 minutes ago) | Reply
Post ID: @OP+1m39m198k

6 replies (most recent on top)

@OP Blah, Blah, Blah... I am a B6 getting ready to retire. One less person to support a whining B5 or B4.

by
| | Reply
Post ID: @ef+1m39m198k

@c0 as far as I know, titles don’t mean anything in most parts of the bank

by
| | Reply
Post ID: @ch+1m39m198k

@a3 don't mean to hijack the thread but are the bonus pools higher with titles to or titles don't matter?

by
| | Reply
Post ID: @c0+1m39m198k

B3 or peasant sounds about right.

by
| | Reply
Post ID: @bn+1m39m198k

I was offered 10 percent increase from a band 5 to band 4 move. GTO org

This is considered an in seat promotion, maybe I had too high expectations.

The best part of all, it sc--wed me out of my annual increase of 3% for E/E, so basically it was 7 percent. Thanks HR, maybe it’s because I’m a goyum.

What an absolute joke!

by
| | Reply
Post ID: @ar+1m39m198k

Bonus pool is larger and B4 also get more in stock awards (RSU)

by
| | Reply
Post ID: @a3+1m39m198k

Post a reply

: