How does promotion works in BoFA ?
1. Will they promote someone who has joined last year instead of promoting old employees who are at same level?
2. Will they promote all the people who are deserving irrespective of tenure in company?
3. Do they have to maintain a ratio like thing - there has to be x analyst y senior analyst and one associate in team etc etc.
4. Hardwork is the key or smart work is the key ?
5. When the promotions etc are out like what’s the cycle ? Increment month ?

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Promotions are very slow here. Salary hike will be there 8-12% . Promotions don’t make a big impact it’s just 6% more irrespective of the band. For that 6% if you get promoted then you will be bombarded with multiple responsibilities :) so better stay at same band and ask for a good hike to your manager … they can adjust the hike percentages among the employees :)

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Do we need to ask manager before the hikes are announced or can we inform him once after he announced the hikes in January

Could anyone pls respond

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Depends on team .From my experience it's very difficult to get a promotion here.
Just focus on hikes, fcuk promotion

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And basis your experience how much hike you have received in BoFA highest and lowest

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There is no monetary benefits from promotion. As far as I know extra 6% hike is given.
Hikes last year to were around 18-22pc. For this year lag rha hai we will get around 12-18

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2.08 roughly

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Promotion is v difficult here even if you are very hard working. You need to be pet of your manager .

Understood…if one complies to what you said will the 1point will work ?

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