www.efinancialcareers.com Open in urlscan Pro
2600:9000:206e:b400:19:b8d1:c000:93a1  Public Scan

Form analysis
3 forms found in the DOM

POST https://email-verification.efinancialcareers.com/v1/newsletters/subscription

<form action="https://email-verification.efinancialcareers.com/v1/newsletters/subscription" method="POST" id="newsletter-signup-form" data-dl-pagetype="article" data-dl-contentid="">
  <div class="newsletter-signup">
    <h3 class="font-display newletter-headline">Newsletter sign up</h3>
    <p class="font-headline newsletter-content">Get the latest career advice and insight from eFinancialCareers straight to your inbox</p>
    <div class="input-group newsletter-email">
      <input name="email_address" type="email" required="" id="email" class="form-control" placeholder="Your email address" aria-label="Your email address">
      <input type="hidden" name="locale" value="us_US">
      <span class="input-group-btn">
        <button class="btn btn-efc-secondary newsletter-subscribe-btn" type="submit" formnovalidate="">Sign up</button>
      </span>
    </div>
    <div id="error-validation" class="newsletter-error alert alert-danger hidden" role="alert">
      <span class="fa fa-exclamation-triangle" aria-hidden="true"></span>
      <span class="sr-only">Error:</span>
      <span>Enter a valid email address</span>
    </div>
    <div id="error-submit" class="newsletter-error alert alert-danger hidden" role="alert">
      <span class="fa fa-exclamation-triangle" aria-hidden="true"></span>
      <span class="sr-only">Error:</span>
      <span>There was an error with your request. Please try again.</span>
    </div>
  </div>
</form>

GET //www.efinancialcareers.com/search

<form action="//www.efinancialcareers.com/search" method="get" class="form-efc mb-3" id="job-search-form">
  <h2 class="section-header">
    <span>Search jobs</span>
  </h2>
  <div class="form-group">
    <input type="search" name="keywords" class="form-control" id="job-search-form-keywords" placeholder="Job title or keywords" aria-label="Job title or keywords" data-lookup="/suggest?culture=en&amp;limit=6&amp;types=keyword&amp;q=" data-api-key=""
      data-multiple="">
  </div>
  <div class="form-group">
    <input type="hidden" name="locationsId[0]" value="0" id="job-search-form-location-id">
    <div class="awesomplete"><input type="search" name="locationsName[0]" class="form-control" id="job-search-form-location-name" placeholder="Location" aria-label="Location" data-lookup="//www.efinancialcareers.com/locations/suggest"
        autocomplete="off" aria-autocomplete="list">
      <ul hidden=""></ul><span class="visually-hidden" role="status" aria-live="assertive" aria-relevant="additions"></span>
    </div>
  </div>
  <button type="submit" class="btn btn-block btn-efc-primary">
    <span class="fa fa-search"></span> Search jobs </button>
</form>

GET /news

<form id="news-article-search-form" action="/news" method="get" class="form-group row mb-3">
  <div class="col-12 col-md-8 mb-2 pr-md-1">
    <input id="newsarticle-search-text" type="text" class="form-control" aria-label="Keywords or phrase" placeholder="Keywords or phrase">
  </div>
  <div class="col-12 col-md-4 mb-2 pl-md-0">
    <button type="submit" class="btn btn-ghost-efc-secondary w-100">Search</button>
  </div>
</form>

Text Content

Your privacy is important to us!
We and our partners use cookies, IP address or browser information to
personalize your experience and show more relevant advertising for you, and to
track how our website is serving you. To learn more, please review our Privacy
Policy.


Because we value your privacy, we ask for your permission to use this info in
capacities such as: Functional, Store and/or access information on a device,
Precise geolocation data, and identification through device scanning,
Personalised content, content measurement, audience insights, and product
development, Personalised ads, and ad measurement.

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HOW BANK OF AMERICA BECAME THE BEST PAYING BANK FOR JUNIORS

by Sarah Butcher 04 August 2022


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As analysts in investment banks are informed of their bonuses this summer, there
is more than a small degree of disgruntlement. Revenues in M&A divisions held up
better in the first half of this year than revenues in capital markets, but
juniors in all areas of investment banking appear to have been bonuses slashed.
It's not just that they're earning less than last year, when pay was at record
highs. In many cases, they're also earning less than 2019.

"It's an insult, they are joking," one first year Morgan Stanley analyst told us
last week, upon discovering that his bonus in London was a mere 30% of his
bonus. Second years at the bank reportedly received 50%. Neither were
well-received after a year of 80 hour weeks.



JPMorgan's analyst bonuses also appear to have been low and have evoked a
similar tide of complaints, but grumbling is far less prevalent at Bank of
America. While other banks have cut analyst bonuses by more than last year's
salary increases, Bank of America has been generous. Investment banking fees at
Bank of America were down 33% year-on-year in the first half of 2022. But for
the most part, its people seem to be happy.

Bank of America didn't respond to a request to comment on its pay. First year
analyst salaries at Bank of America in London are £65k. Second year analyst
salaries are £80k. First years have seemingly been receiving bonuses varying
from 34% to 71% of salary, with some high performers allegedly receiving bonuses
equivalent to salary.  Juniors at rivals are looking on, and they are envious.  

BofA's generosity may yet be trounced by Goldman Sachs, which informs analysts
of their bonuses in mid-August. Last year, Goldman Sachs paid first years the
most, with total compensation in London averaging £130k according to Dartmouth
Partners, but Bank of America was in second place with £113k compared to £101k
at JPMorgan and £103k at Morgan Stanley. 

Click here to create a profile on eFinancialCareers. Make yourself visible to
recruiters hiring for jobs where you can earn six figures in your first role out
of university. 

Have a confidential story, tip, or comment you’d like to share?
Contact: sbutcher@efinancialcareers.com in the first instance.
Whatsapp/Signal/Telegram also available (Telegram: @SarahButcher)

Bear with us if you leave a comment at the bottom of this article: all our
comments are moderated by human beings. Sometimes these humans might be asleep,
or away from their desks, so it may take a while for your comment to appear.
Eventually it will – unless it’s offensive or libelous (in which case it won’t.)

Photo by Bruno Kelzer on Unsplash

 

 


Follow @MadameButcher



RELATED ARTICLES

 * SURVIVAL: HOW TO MAINTAIN A FINANCE CAREER WHEN THE MARKET TURNS



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