Analyst at Bofa FIG-Thoughts
Thought about not saying but It’s pretty tragic. First of all Rip, the group head, pretty much everyone knows his name by now, is the biggest fucking rat in NYC. He’s a fucking tool. Celebrates and congratulates 100 hour weeks like a fucking bitch. Beyond just him Bofa is a fucking joke. Half the groups are filled with MDs for some reason and they’re all trash. Everyone who’s half decent leaves and now we’re stuck with blatantly incompetent associates who just collect checks and just aren’t smart or experienced enough to leave. Bonuses have been bad in the past years, will be bad again and there’s 0 morale at ANY level other than MD. Guys just don’t look the same. Had a coffee chat with a current associate(at the time 1st year analyst) whilst in college for recruiting and the guy looks like a shell of himself. They’ve barely acknowledged it and even when they did they just tried to sweep it away.
I'm also in BofA FIG and can agree that morale is dead. Hopefully HR can do something to address the conditions on the ground. A lot of the MDs are very abusive and treat juniors like garbage. This has been going on for years and now someone is dead. Very sad for the family.
Reach out if you want to talk, reporter here.
Not only that, he had spent 10 years as a Green Beret, now left behind a wife and a kid.
Imagine how the wife feels. They survived years of uncertainty with his military career - whether he was going to come back alive from his deployments. He retired from the military & got a great white collar job - it was supposed to be the happily ever after for his family. Only for him to die there.
Now his wife has to attend a funeral, no BofA SGLI payout. Can't wrap my head around the twisted irony of this.
Absolutely horrible, an investigation needs to happen.
Just fyi HR won’t do shit except try to steer your words against you and give some fake pacifying commentary. Don’t rely on them for anything except interference
You guys know what you have to do. When HR investigates this do not hold back. If there is legal prosecution do not hold back. Make these people pay for what they did. The fact that Gary thinks he can keep getting away with this shit is disgusting. Talk to whatever news outlet you want about the group culture and your seniors. This guy’s kids now have to grow up without a father because BofA wanted to close a deal. Unacceptable.
Hr will be trying to protect the firm.
Leak everything to the media. Hr is not going to hold the firm accountable
Facts
HR is never your friend, don't forget that
HR work is to avoid litigation and protect the firm. They are not on our side. Any pep talks at BofA and other banks is just trying to cover up and silent us. HR is not your friend.
We need justice.
Bumping for visibility
Bump
I don’t think OP’s comments reflect the reputation of BofA before this incident. But if anyone can share past threads I’d love to be corrected.
For FIG, it’s the reality. For other groups it’s probably better but it’s well known amongst every junior here that 20% does 80% of the work.
Thanks for the background. I know some tech folks there who have a much higher opinion. Just another example of why college kids need to focus on the group instead of the firm.
BofA FIG is notorious for being sweaty and having a bad culture. Lots of past threads about FIG and their banks team, which the associate was on, in particular.
Understood thanks.
OP might’ve been a bit overbroad in trying to say it’s a BofA issue. But hear you guys about FIG.
If every there was proof that IB hopefuls should be targeting groups rather than firms, this is it.
Is it any better on the insurance team? Or just as bad as the banks team within FIG
Forget HR. They work for the company. HR do not have your interests at heart.
Suggest juniors in this group look to lateral or exit. It would t change by the sounds of it and recent history.
Sorry you are in this position. Good that you're aware and hopefully you can land somewhere better.
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