Research Summary. Using public government and company data along with information from thousands of job postings, our Zippia data experts have identified a variety of high-earning positions and their average annual salaries. Using that data set, our data scientsts have produced salary estimates for many of the jobs at Bank of America.
Here is a quick overview of our findings for the highest-paying jobs at Bank of America:
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Finance Vice President is the highest-paying job at Bank of America with an average salary of $121,014 and an average hourly rate of $58.18.
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The second highest-paying job at Bank of America is consultant systems engineer, with an average salary of $111,949.
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The average annual salary at Bank of America is $53,211 per year, and the average hourly pay is $25.58.
Table Of Contents: Background | Table | Methodology | FAQs
Background
Sometimes people know which company they want to work for before they know exactly what job they want to do. If you’d like to work for Bank of America, it helps to have an idea of the highest-paid positions that the company offers. That way, you can see if it’s worth applying.
So, how much do Bank of America employees make? As with any company, Bank of America employees’ salaries can fluctuate depending on their role, level of experience, and geographic location, but there are a few standout jobs that tend to pay more than the rest, on average. Here are some of the top salaries at Bank of America:
Below is a full table of the jobs at Bank of America that pay the most followed by a more detailed explanation of our methodology.
Highest Paying Jobs At Bank of America
| Rank | Job Title | Average Salary |
|---|---|---|
| 1 | Finance Vice President | |
| 2 | Consultant Systems Engineer | |
| 3 | Banking Center Manager | |
| 4 | Senior Software Engineer | |
| 5 | Senior Java Developer | |
| 6 | Support Lead | |
| 7 | Lead Operator | |
| 8 | Technical Associate | |
| 9 | Assistant Vice President Operations | |
| 10 | Account Executive | |
| 11 | Team Leader | |
| 12 | Business Analyst | |
| 13 | Customer Relationship Manager | |
| 14 | Fraud Analyst | |
| 15 | Finance Advisor | |
| 16 | Operation Supervisor | |
| 17 | Mortgage Underwriter | |
| 18 | Specialist-Small Business | |
| 19 | Service Specialist | |
| 20 | Loan Processor |
Methodology
Zippia uses publicly published information from government sources such as the Bureau of Labor Statistics (BLS), Foreign Labor Certification Data Center (FLC), and the Office of Personnel Management (OPM) to create its salary estimates.
Our data science team also checks job postings and company-published resources for additional up-to-date salary information.
Once they’ve gathered the data, the team calculates a weighted average for each job title they’re estimating a salary for. For more details on our salary estimates, you can see a detailed methodology.
Highest Paying Jobs At Bank of America FAQs
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What is the highest-paid job at Bank of America?
The highest-paid job at Bank of America is a finance vice president. These professionals earn an average salary of $121,014, which works out to about $ 58.18 per hour.
The top 10 highest-paid jobs at Bank of America are:
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What is a good salary at Bank of America?
A good salary at Bank of America is a salary above $53,211 per year. $53,211 is the average salary at Bank of America, so if you’re earning more than that, you’re typically doing well.
Of course, $53,211 may still be far too low for some positions, so pay close attention to what the going average is for someone in your role with your skill set and experience level. If you find that you’re being paid less, consider asking for a raise or finding out what you need to do to move into the next pay bracket.
Your salary may vary by location as well, as Bank of America – like many other companies – often adjusts its payscales to account for differences in the cost of living in different states. For example, the average salary of a Bank of America employee in New York will likely be much higher than their counterpart in the midwest.
Check the average salaries of Bank of America employees in your area to see how your paycheck measures up.
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Do jobs at Bank of America pay well?
No, jobs at Bank of America don’t pay well. The average starting salary at Bank of America is $26,000 a year or $12.50 per hour. The overall average salary at Bank of America is $53,211 per year ($25.58 per hour), which is 1.2 times the average national salary of about $44,225 per year.
Merrill Lynch, one of Bank of America’s top competitors, pays its employees an average salary of $87,121 per year or $41.89 per hour. This is about $33,910 more than Bank of America’s average salary, and $16.30 more per hour than Bank of America’s average hourly pay.
Author
Chris Kolmar is a co-founder of Zippia and the editor-in-chief of the Zippia career advice blog. He has hired over 50 people in his career, been hired five times, and wants to help you land your next job. His research has been featured on the New York Times, Thrillist, VOX, The Atlantic, and a host of local news. More recently, he's been quoted on USA Today, BusinessInsider, and CNBC.
