BAC payout change for 08

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Oct 25, 2007 8:30 am

Anyone care to guess or know the changes? Heard 20% under 500k. That would be INSANE!

Oct 25, 2007 11:28 am

hard to believe

Oct 25, 2007 11:58 am

...from a bank, that would be standard operating practice...

 
Seriously, I have a hard time believing even a bank would attempt that low of a payout.
Oct 25, 2007 10:20 pm

I've heard the rumours that the bank would like to go to a salary plus commission model.  But I don't think that would happen this quickly.

Oct 27, 2007 12:28 pm

They are way to concerned about head count and losing reps to Citi (in N.E.) to shoot themselves in the foot like that. 

Oct 27, 2007 6:42 pm

too

Nov 10, 2007 9:48 am

over 5 years - sub 350 - ouch!

Nov 10, 2007 4:16 pm

NOFX? the grid is out?

Nov 10, 2007 9:58 pm

Heard something like that. should see shortly.

Nov 11, 2007 9:10 am

ridiculous

Nov 11, 2007 3:30 pm

Under 500K/20%  was thrown about..Delayed until next year.

Nov 11, 2007 3:46 pm

strictly a guess - 350 is the FA1 /FA2 # and +/- 5 years is pretty standard.

Nov 12, 2007 9:14 am

Thanks for coming in today guys and working hard....oh, and by the way in a week we are going to take you out @ the knee's. You think they would give guys some time to get #'s up jeez.

Nov 12, 2007 9:27 am

You're a bank employee, why would you expect something like that?  After all, you are talking about the same organizations who historically hire mostly part-time tellers and keep their yearly hours down so they don't have to pay for full-time benefit costs.  These are the front-line employees who handle cash and most frequently deal customers.

So why would you expect them to treat financial advisors well?  Especially when they think you're making too much relative to their expectations?  

Nov 12, 2007 12:20 pm
badmove?:

Thanks for coming in today guys and working hard....oh, and by the way in a week we are going to take you out @ the knee's. You think they would give guys some time to get #'s up jeez.

 
Are you pretending to be someone?
Nov 12, 2007 12:24 pm

Mom?