I love this pay transparency law! So if you go to BofA careers you will see the pay range for different roles there now if it is also located in either NYC or NJ. I am trying to put together the max for each band level please let me know if you disagree so I can hopefully get this right. So we can now see for HCOL Band 5 cap 150k Band 4 cap 250k Band 3 cap 325k For band 2 and 1, I don’t know yet. My TC -300k #bankofamerica #paytransparency #finance
Cap is not true cap. I know people in band 5 with base of 165k
Correct - I was 170k as a B5
There was a pay scale for the position I applied for and received an offer below the range. The HR person said the scale was wrong lol
I was making $165k salary as a band 5 3yrs ago. The caps are really by role. Financial advisors are 5s and make millions in some cases on the high end. Band 3 cap is also much higher, know 2 450k+
I'll add my old band 2 boss was 7 figures...
What LOBs do you think pay best?
Is this for base or total comp?
I’ve been doing it with Colorado jobs for years.
For BofA roles? Not many roles are posted in Colorado relative to NYC or NJ though
Yes at BoA as well as at other places.