Skip to content

BofA Ups Junior Pay Again to $100,000 in Race to Retain Talent

Video player cover image
BofA CEO Not Seeing Challenges Retaining Junior Bankers

Bank of America Corp. is boosting base salaries again, lifting pay for junior bankers across the firm to $100,000 from $95,000 in a bid to remain competitive in the war for young talent on Wall Street.

The company will pay that amount to first-year analysts in the global corporate and investment-banking, global-markets and global-research divisions, according to a person with knowledge of the matter. Second-year analysts will get a base of $105,000 while third years will receive $110,000, the person said, asking not to be identified discussing private information.