I received my BofA sales & trading summer analyst contract and was shocked at how low the hourly rate is (~$30/hour). Compared with my UBS offer for the same role (~$53/hour), it is a no brainer for me to choose UBS. Does anyone else have experience with BofA s&t salaries? Is this a normal salary? Should i negotiate for a better one?
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My offer is $45/hr in NYC for 2025. Regardless, BofA is probably better than UBS career wise, no?
Are you doing S&T or IB? If you are doing S&T I am a little concerned that my salary is significantly different to yours...
S&T. It doesn’t matter tho, pick the better bank
Oh to be clear I’m not at BofA lol I was giving my salary at another bank for comparison
unless money atm is a real concern, base your decision off of long-term vision wrt desks and ppl.
I think you have it all wrong. The VP that called to inform me of my offer said it was 110k prorated over the summer plus a 2k housing stipend. Though on the offer letter it is as you have stated, but I feel like their letter was probably not updated from few years ago.
So ideally it is $52.88/hour on a 110k prorated basis
Not sure how you derived the hourly rate. What I understand is that the SA salary is consistent globally. I was an SA in APAC and received ~110k USD annual salary on a prorated basis.
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