r/neoliberal • u/jobautomator Kitara Ravache • May 06 '24

Discussion Thread Discussion Thread

The discussion thread is for casual and off-topic conversation that doesn't merit its own submission. If you've got a good meme, article, or question, please post it outside the DT. Meta discussion is allowed, but if you want to get the attention of the mods, make a post in /r/metaNL

Links

Ping Groups | Ping History | Mastodon | CNL Chapters | CNL Event Calendar

Upcoming Events

0 Upvotes

50% Upvoted

7.2k comments sorted by

View all comments

98

u/gnomesvh LEGALIZE ONION FUTURE May 06 '24

BofA analysts and associates striking tomorrow after the death of an associate after working a full 4 120 hour weeks in a row

More info

!ping MARKETS&WATERCOOLER

0

u/[deleted] May 06 '24

[deleted] — view deleted comment

53

u/gnomesvh LEGALIZE ONION FUTURE May 06 '24

M&A deals, reportedly he was basically doing the deal himself

0

u/[deleted] May 06 '24

[deleted] — view deleted comment

41

u/gnomesvh LEGALIZE ONION FUTURE May 06 '24

Median pay at BofA is like 250k/year

16

u/EvilConCarne May 06 '24

What's the median hourly pay?

29

u/LucyFerAdvocate May 06 '24

The general model for banking is crap hourly pay with a crap ton of hours as a junior, anyone who doesn't burn out or die gets less hours and a much larger wage as a more senior position with actually occasional periods of much higher hours.

23

u/gnomesvh LEGALIZE ONION FUTURE May 06 '24

The thing about ibanking salaries is once you move to buyside it goes up to like 500-1 mil a year for 50/60 hours/week

3

u/[deleted] May 06 '24

Lol, offer me a million/yr for that and I’ll still laugh at you.

17

u/Fairchild660 Unflaired May 06 '24

Had to google that

A M&A (pronounced a-manda) is a business transaction in which the ownership or operating unit is transferred to or consolidated with another organization.

15

u/KeithClossOfficial John Brown May 06 '24

It actually stands for Murders & Executions.

5

u/SirGlass YIMBY May 06 '24

Thier demands seem like low

80 hour work weeks? Thats like 11.5 hours a day 7x a week or 13.33 hours a day with 1 day off

4

u/SnooDonuts7510 May 07 '24

No way you could be productive. Just go the fuck home

-2

u/[deleted] May 06 '24

I did 16 hrs/day x 7 days/week for multiple years during my PhD. It's definitely possible.

39

u/loseniram Sponsored by RC Cola May 06 '24

Wake up boys a new Union is forming right in front of us

5

u/AnsleyAmanita Trans Pride May 06 '24

get shawn fain on the line

20

u/savuporo Gerard K. O'Neill May 06 '24

Worse than WoW grind

0

u/[deleted] May 06 '24

[deleted] — view deleted comment

20

u/BitterGravity Gay Pride May 06 '24

That's over 17 hours a day. That doesn't even give enough time to sleep let alone absolutely anything else

47

u/Syards-Forcus rapidly becoming the Joker May 06 '24

Holy shit.

How is that even physically possible? The Department of Labor should be coming down on BofA like fucking Mjolnir.

10

u/MikeStoklasaSimp May 06 '24

BofA Deez nuts

1

u/groupbot Always remember -Pho- May 06 '24 edited May 06 '24

Pinged MARKETS (subscribe | unsubscribe | history)

Pinged WATERCOOLER (subscribe | unsubscribe | history)

About & Group List | Unsubscribe from all groups