What where the market factors that drove BofA to conclude that new tech associate hires of 2016 should have a starting salary of 100K? Keeping in mind old associate at avg. salary of 70K.

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Because a start up will pay them 100K...

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The first reply still answers your question. Sometimes companies go "hey, we aren't getting the talent we want anymore. Why? Because xyz pays more. Guess we raise pay"

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Capitalism at its finest

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I see your point. But at BofA a new hire at this program cannot negotiate salary with just an undergrad or grad backing. So if negotiations did not lead to this 30K jump...what could have?

Last year, the undergrads started out at 70k and those from grad school started at 94k

Rumor has it that Grads and undergrads started out above 100l this year which was a 30k jump from last year and made no sense. I'm only referring to tech program associates btw

Yeah but it definitely won't be a 30k salary increase so best bet is looking for jobs elsewhere

True. They probably aren't but as mentioned earlier by someone, starts ups and companies out west too pay grads 100k+ so if the bank doesn't match up to it, they will lose talent. It just sucks for those that started out before 2016.

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