white men with slightly less money

Bank of America Pay Will Indeed Drop Sharply

A macro close up photo emphasizing the inscription
A macro close up photo emphasizing the inscription "In God We Trust" printed on the back of an United States ten dollar bill with selective focus on the work God.

As expected (and as seen at the likes of Goldman Sachs, Morgan Stanley, etc.), compensation for investment bankers at Bank of America will drop about 25 percent compared to last year, including salaries and bonuses,  Bloomberg reports. Employees with some experience are still expected to make from around $500,000 to “the millions.” Ah, the millions.

Bank of America Pay Will Indeed Drop Sharply