Bank of America asking for a relative - is bank of america (or other big institutions) offering retention bonuses? Non front office role - he has an offer from a consulting firm at +50% total comp but likes his job/boss and thinks he'll get promoted in the next cycle which will make up some of the delta. I told him a retention bonus could be a show of good faith since promo isn't guaranteed - I know a lot of others are offering one time bonuses to stem churn but not sure if back office banks are giving them

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I just went through this. Today is actually my first day in consulting. It makes more sense to leave the bank. Also my mentor who was 3 below the CEO at BofA said the same thing the retention bonus isn’t worth it when your salary will not get increased to the number that the offer is. Leave you can always come back to the bank if you want later.

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Ok cool. And I know; I could look, but we're aiming for two, so I'd make that assessment after the second paternity leave.

I'm paid well, like my team, can coast when I need to and am in a really good spot to grow, so I'll make a move if there's not a big time bump after all of that. Gaining experience while being paid well isn't the worst scenario; I'm still young for truly senior roles.

I got one ($45k/2 yrs), but I'd still leave if I were him. My comp came up under expectations this year despite excellent performance ratings.

The retention bonus is working as intended lol

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