I am interviewing for a VP level position at Bank of America. The posting has a few locations listed (including Charlotte), but doesn't include where I live now. Interestingly, the HR never bought up the topic of relocation but when I asked if they do any salary adjustments for cost of living between say Charlotte and New York, they said they don't and instead have just one salary band nationally for each position. Is this really true and if so, is it to encourage employees to move to LCOL locations on their own without company assisted relocation?
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Bofa is a rto company 100 percent. Do not ask for remote or wfh at all. There are few positions still remote but not something any manager will want to deal with. That being said no one really checks how many times you show up so just show up 3 times a week and badge in and out. Does not even have to be at 8 am and 5 pm lol.
Bofa is not big on remote work but each org usually has orgs throughout the country. Geo distributed teams are huge. It's good because it's unlikely you will be only one in one location.
People do move to lcol. I believe it's on their own money but it works out.
So I would expect them to at least match my HCOL salary but the way it may work is if I move places I can give myself a raise as they won't reduce my salary unlike some companies if I moved to a LCOL location.
Also, the role was not in a tech org, more finance/operations related.