Good starting pay but sales focus may surprise new hires - Relationship Banker Bank of America Employee Review

Great benefits and workplace environment is the best.

No cons at this time.

Benefits were solid with lots of options.

Despite satisfactory to well-above-average employee reviews each year and building a Private Bank book of assets under management from $0 to $1.0 BILLION from my start date to departure (an eight year period), my first year at BofA's Private Bank was my highest compensation year. One year, as a "Top Performer", bringing in over $1.2 million in new annual revenue to the firm, my bonus was unchanged because I "picked a bad time to have a good year." As an aside, for the first six of my years, there were NO cost of living adjustments to my base salary. There is zero correlation between individual performance and compensation, but each year you will be told how important and valuable you are to the team. Only to have comp cut again the following year. Portfolio Managers are not valued by BofA, this is the reality and it is not going to change under current management. Stay away unless you are coasting to the finish line in your career.