I am not in tech but wanted to know how’s BoA and Capone compared to JPMC interms of culture, work, growth and comp? Will moving to either be a step backwards? The roles are service delivery consultant II (digital academy product team interacting with GHR tech) for BOA, similar role in Capone as well. I want to hear from folks who know anything about this team or in general can comment about my above question. What to expect from interviews etc. What’s the WFH policy etc.? TIA #interview #finance #bankofamerica #capitalone yoe - 10 tc - 99k
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1 vs 5 Million - no lifestyle change
Tc could be higher by switching , I don’t think it would be a step back at boa or cap, although cap is more agile. Wfh policy at boa varies by manager , but you’ll have to get a medical exemption in order to not be hybrid
Do you know if this role is an equivalent to a VP role at JPMC? Not sure what kind of TC to expect. What’s the hybrid schedule, JPMC is 3 days in the office.
I have a VP Software Engineer-III role at Bank of America Addison TX, 5 YOE and get paid $125k. I started by going into work 5 days a week and saw many didn’t come in so went to 1 day a week and waiting to be flagged but nothing yet.
I don’t want to bring this up for my manager. Not sure how he will take it and will make it like I am going to be always looking. Plus our MD is not someone who is known to retain people if they want to move.
Key word being New. There is no market adjustment for folks who have been in the role, only 2-3% yearly increase. That’s some new grads make way more that folks who have a lot more experience than them, but HR policy is such that loyalty is not rewarded.
With 10 yoe, is that all at Jpm? Are you a AVP or a VP at least?
VP, and I started way low, it was one manger who fought hard to get it to this level, else I would be in low 80’s.
BofA has Great pay, culture and benefits. Only thing I always hated was they do 2-3 major firings for tech people throughout the year. It’s literally a numbers game they are trying to hit. One side is hiring like crazy and next to you are releasing like crazy.
I work at BofA now, the WFH policy is no WFH. They are requiring 5 days per week in the office. That’s company wide from what I understand, but I’m at the Charlotte office. Personally, I feel that JP Morgan is a step ahead of BofA, in many areas but that’s just my opinion. It’s also a common sentiment around the bank according to the people that I’ve talked to. I feel JPMC has better technology and is a bigger bank. That said, BofA is no slouch. I work in tech and make a TC of around $125k including benefits. They recently started paying employees a yearly bonus and the amount you get it performance based, but I’m not sure what said bonus would be. My guess is less than $5k though. Keep in mind I’m currently leaving BofA for an opportunity paying $155k TC including benefits and stock options if they go public, granted I’m not sure if I’ll buy them or not. They seem like they might be one of the rare cases where they will successfully go public in the next 2 years, Lord willing. Anyway, I’m leaving due to their WFH policy. Generally speaking, when BofA makes a rule, it applies to everyone. They don’t just block stack overflow (a vital source of information that 99% of devs use everyday) for non techies but developers too, for example. YOE: 3-4 TC: 125k -> 155k
Agree with this. BofA follows JPM and everyone knows they are the leader in the industry, but we are probably second. The most important thing to keep in mind regarding WFH is that it depends on the team. Even though the company is trying to enforce a 5 days in the office policy, most teams are going to allow for some flexibility. Comps and growth wise, don’t expect more than a 1-2% salary bump yearly and growth is definitely slow. But…terrific WLB for the most part as it is a priority.
Good to know, I don’t know if this role will pay $150k plus bonus and wfh flexibility. To priorities and if not met I don’t see a reason to move. Also, 5k bonus is too little for VP role.
Just moved over from BofA to C1. BofA has a mandatory in office policy. C1 is flexible hybrid. YOE: 10 TC: 160k -> 310k
Wow that’s a cool jump. What role did you take up at C1?
Thanks for that insight, looks like bonus are low and comp is comparable to JPMC but lower bonus than JPMC. You must be an SWE to make that TC
Just an fyi - BofA is starting a 3 day at week at work policy.
99k @ 10 yoe? JPM obviously doesn’t value you
Welcome to the real world where not all jobs pay 300+
But it’s a big bank. Even new grads at Citi can make 80-90k.