BAC Grid

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Dec 3, 2008 8:56 pm

Does anyone know where I can find the BAC grid?  I want to compare to the ML grid, current ML broker. Thinking it will be a combination of the two. I am a LOS 1 doing $200K.

Dec 3, 2008 8:59 pm

Search for BAC or BAI on this forum. It was posted in depth earlier this year. Or you might as well wait a few more weeks for the new one.  Off the top of my head, any LOS under 5 years is 31%.

Dec 3, 2008 9:00 pm

From memory (although I don’t agree that it will be a combination of the two firms’ grids) you would be on the FA I plan. 25% with a bunch of hold backs that you could earn back quarterly assuming a bunch of things non revenue related are accomplished. But, I really do not think they will merge the two, they are apples and oranges.

Dec 3, 2008 9:01 pm

youwouldmake about 30k

Dec 3, 2008 9:19 pm

Thats crap, I made 80K this year. Any one hear what the new ML grid looks like? I know its out but not being disclosed until after the vote. Contemplating jumping, we already had our pay cut by the market. Can't handle another from BAC.

Dec 3, 2008 9:30 pm

The tea leaves say that it will be a cut - but - ML usually looks at quintile by LOS. The bank doesn’t.

Dec 4, 2008 2:55 am

A bai guy LOS < 5 gets a higher payout. I just ended my fifth year 450k t12 and I was getting the 30% when I was below 350k. I also agree with bancofamigo. There will be two comp plans.