BAC Pathways Question

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Feb 12, 2007 11:57 pm

Anybody know the high end of the salary range for FA1's?  They just revamped it.  Feel free to give me the pro's & con's of BOAI.

Feb 13, 2007 3:30 pm

Do you mean FA1 or PFA?  I hear PFA is in the $45k neighborhood.  FA1 is a payout structure with hold backs etc. if you gross less than $175k on trailing 6

Feb 13, 2007 5:46 pm

PFA.  Is 45k the high end or is negotiable?

Feb 14, 2007 11:05 am

I'm sure it is negotiable.  It comes out of the managers P&L.  What would be your leverage to get it higher?  Most typically it is "I'm a proven superstar salesman"  The problem with that is that you can get out of Pathways early if you prove yourself.  Therefore, the MD will most likely tell you: "Come on board at $45k and if you are as good as you say, we'll put you into production as quickly as possible - that way you will earn what you make sooner"


Best of luck...

Feb 15, 2007 6:05 pm

Proven sales expierence, people skills and network.

Feb 15, 2007 6:51 pm

Again, they're not going to pay (much) more for that.  1) - that's what everyone says.


2)- the response is "if you're that good, you can opt out of Pathways (with approval)"

Feb 16, 2007 1:03 pm

This is a comissioned sales job.  Keep harping on the salary and you won't get an offer.

Feb 20, 2007 10:52 pm

B of A sucks, but Pathways is very good if you're starting out in the business.  Do not bring up the salary until they are sold on you.  Most managers (at any firm) think a trainee that is too excited about the salary means that they just want to stay home and sleep.  I would emphasize to the market director that you have your own lead sources and that any referrals from the bank will be gravy.  Negotiate the salary after they are convinced on hiring you.  I've seen a Pathways broker get a $60K salary but that is far from the norm.  Where area are you in?  Most areas in the Northeast (post Fleet Bank merger) are so decimated that a new trainee will not need any referrals; they'll be given several hundred clients on Day One.

Feb 21, 2007 3:13 am
BACFA:

Most areas in the Northeast (post Fleet Bank merger) are
so decimated that a new trainee will not need any referrals; they'll be
given several hundred clients on Day One.





How BAC screwed up the new england market will become a HBS Business case.



Does anyone bank at BAC?