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The Culture At Bank of America

Information provided by the company
Believes diversity makes us stronger so we can reflect, connect and meet the diverse needs of our clients and employees around the world.. Is committed to building a workplace where every employee is welcomed and given the support and resources to perform their jobs successfully.. Wants to be a great place for people to work and strives to create an environment where all employees have the opportunity to achieve their goals.. Provides continuous training and development opportunities to help employees achieve their career goals, whatever their background or experience.. Is committed to advancing our tools, technology, and ways of working to better serve our clients and their evolving business needs.. Believes in responsible growth and is dedicated to supporting our communities by connecting them to the lending, investing and giving them what they need to remain vibrant and vital.
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Provides continuous learning and developmental opportunities to help people achieve their goals, whatever their background or experience.. Believes diversity makes us stronger, so we can reflect, connect to and meet the diverse needs of our clients and customers around the world.. Is committed to advancing our tools, technology, and ways of working.
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Merrill Lynch's financial advisors help clients pursue the life they envision through a one-on-one relationship with an advisor committed to their needs. We believe trust comes from transparency. Our trusted financial advisors are equipped with access to the investment insights of Merrill Lynch coupled with the banking convenience of Bank of America.
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If you are passionate about helping clients reach their goals and interested in a career in investments, consider becoming a Merrill Edge Financial Solutions Advisor. We're looking for the next generation of financial advisors-those with a passion for people and drive to build a business that makes their financial lives better.
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Few things impact people's lives as much as their finances. Make a difference where it counts by joining our industry-leading wealth management team at Bank of America and Merrill Lynch. We're looking for the next generation of financial advisors-those with a passion for people and drive to build a business that makes their financial lives better.
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Bank of America Overview

Bank of America is a financial institution, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. They serve approximately 51 million consumer and small business relationships with approximately 5,300 retail banking offices and approximately 16,350 ATMs and award-winning online banking with 30 million active users and more than 13 million mobile users. It offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange. It was founded in 1998 and is headquartered in Charlotte, North Carolina, United States.
The staff at Bank of America come from unusually diverse demographic backgrounds. The company is 57.3% female and 46.8% ethnic minorities. Bank of America employees are slightly more likely to be members of the Democratic Party than the Republican Party, with 60.0% of employees identifying as members of the Democratic Party. Despite their political differences, employees at Bank of America seem to be happy. The company has great employee retention with staff members usually staying for 5.2 years. The average employee at Bank of America makes $52,542 per year. Pay at Bank of America is significantly lower than some of its highest paying competitors, like Bank of the West, American Express, and Citigroup, which pay $103,578, $83,823, and $81,932, respectively.
Bank of America is an industry leader with 200,000 employees and an annual revenue of $91.2B that is headquartered in Charlotte, NC.

The Organization’s Mission

We are driving growth – helping to create jobs, develop communities, foster economic mobility and address society's biggest challenges – while managing risk and providing a return to our clients and our shareholders. Because we recognize that we can only be successful when the individuals, companies, communities and employees we serve are able to reach their vision of success.

Perks of Working at Bank of America

Ensuring their employees' needs are met, Bank of America offers them a comprehensive benefits package that includes medical, dental and vision coverage for employees and their eligible family.

Industry

Financial Services

Revenue

$91.2B

Employees

200,000

Founded in

1998

Headquarters

Charlotte, NC

Website

careers.bankofamerica.com

Organization Type

Public

Is This Your Company?

Bank of America Employee Reviews

Zippia Official Logo

5.0

Zippia UserMay 2022

5.0

Zippia Official LogoZippia UserMay 2022

What Do You Like About Working There?

Fast paced, great co-workers and managers, Always moving in a positive direction.

What DON'T You Like About Working There?

nothing

What Are Your Favorite Benefits/Perks?

Health Benefits were good
Zippia Official Logo

5.0

Zippia UserMay 2022

5.0

Zippia Official LogoZippia UserMay 2022

What Do You Like About Working There?

Some flexibility with work home life

What DON'T You Like About Working There?

Lack of guild lines in some departments

What Are Your Favorite Benefits/Perks?

Pay and Benefits
Zippia Official Logo

4.0

Zippia UserMarch 2022

4.0

Zippia Official LogoZippia UserMarch 2022

What Do You Like About Working There?

Excellent Training

What DON'T You Like About Working There?

Managerial Staff lacks training

What Are Your Favorite Benefits/Perks?

Accuracy over quantity and double checking, proof reading legal documents
Zippia Official Logo

5.0

Zippia UserDecember 2021

5.0

Zippia Official LogoZippia UserDecember 2021

What Do You Like About Working There?

Pleasant atmosphere

What DON'T You Like About Working There?

Work life balance

What Are Your Favorite Benefits/Perks?

Benefits and perks available upon hiring
Zippia Official Logo

5.0

Zippia UserNovember 2021

5.0

Zippia Official LogoZippia UserNovember 2021

What Do You Like About Working There?

Work life balance. Great benefit package. Friendly

What DON'T You Like About Working There?

Not a whole of upward movement in my current role

What Are Your Favorite Benefits/Perks?

Time off, healthcare and flexibility
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The Team At Bank of America

Key People

Brian Moynihan

Amadeo Giannini

Hugh McColl

The Inside Scoop
A leader in the banking industry, Bank of America provides financial products and services for their customers and clients throughout the United States. This reputable bank is guided by a common purpose which is to help make financial lives better by connecting clients and communities to the resource they need to be successful.
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Bank of America Company Rankings

Bank of America is ranked #88 on the Best Finance Companies to Work For in America list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

Read more about how we rank companies.

Bank of America Salaries

How much does Bank of America pay?
The national average salary for a Bank of America employee in the United States is $52,542 per year. Employees in the top 10 percent can make over $102,000 per year, while employees at the bottom 10 percent earn less than $27,000 per year.
9.3
Salary Score
Average Bank of America Salary
$52,542 yearly
$25.26 hourly
Updated May 26, 2022
$27,000
10 %
$52,000
Median
$102,000
90 %
Average Employee Earnings

Highest Paying Jobs At Bank of America

RankJob TitleAvg. SalaryHourly Rate
1Consultant Systems Engineer$121,880$59
2Senior Java Developer$120,423$58
3Lead Operator$100,679$48
4Senior Software Engineer$91,202$44
5Assistant Vice President Operations$90,486$44
6Technical Associate$89,760$43
7Account Executive$88,641$43
8Team Leader$86,445$42
9Business Analyst$75,776$36
10Customer Relationship Manager$73,759$35
11Finance Vice President$65,497$31
12Loan Officer$60,015$29
13Specialist-Small Business$58,835$28
14Operation Supervisor$57,335$28
15Finance Advisor$57,099$27
16Mortgage Underwriter$53,727$26
17Support Lead$52,921$25
18Banking Center Manager$49,785$24
19Service Specialist$48,120$23
20Administrative Assistant$47,282$23

Bank of America Demographics Summary

9.9
Diversity Score
We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce.

Bank of America Gender Distribution

Male
Male
43%
Female
Female
57%

Research Summary. Using a database of 30 million profiles, Zippia estimates demographics and statistics for Bank of America. Our estimates are verified against BLS, Census, and current job openings data for accuracy. After extensive research and analysis, Zippia's data science team found that:

  • Bank of America has 200,000 employees.

  • 57% of Bank of America employees are women, while 43% are men.

  • The most common ethnicity at Bank of America is White (53%), followed by Hispanic or Latino (20%) and Black or African American (12%).

  • Bank of America employees are most likely to be members of the Democratic Party.

  • On average, employees at Bank of America stay with the company for 5.2 years.

  • The average employee at Bank of America makes $52,542 per year.

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Bank of America Employee Political Affiliation

Bank of America employees are most likely to be members of the Democratic Party. The largest donation made to a political party by a Bank of America employee was by Thomas Montag. Thomas Montag donated $954,651 to the Republican Party.

Parties

Democratic Party

60.8 %
-

Republican Party

38.7 %
-

Libertarian Party

0.2 %
-

Minnesota Democratic–Farmer–Labor Party

0.2 %
-

Employee Political Donations

NameJob TitlePartyDonation
Thomas MontagChief Operating OfficerRepublican Party$954,651
Mark FiddesBankerRepublican Party$163,900
Laurie CampbellManaging PartnerDemocratic Party$157,776
Tom MontagChief Operating OfficerRepublican Party$152,000
Anne FinucaneVice ChairpersonDemocratic Party$112,000
Thomas PetrieFinance AnalystRepublican Party$104,550
Paul CritchlowInvestment BankerDemocratic Party$81,800
Chris FinkInvestment BankerDemocratic Party$64,000
Terrence MurrayChief Executive OfficerDemocratic Party$60,100
Harry McMahonInvestorRepublican Party$48,700
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Bank of America Employment Videos

Bank of America Financial Performance

9.9
Performance Score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

Revenue

> $1B

Founded in

1998

Organization type

Public

Bank of America Financing Rounds

DateAmountSecurity Type
Jul 23, 2020$800,000,000Post Ipo Equity
Jul 28, 2020$400,000,000Post Ipo Equity

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Bank of America Competitors

Competitors of Bank of America include Bank of the West, American Express, and Citigroup. Employees at Bank of the West earn more than most of the competition, with an average yearly salary of $103,578. Employees at American Express earn an average of $83,823 per year, and the employees at Citigroup earn an average salary of $81,932 per year.
Companydesc
Average Salarydesc
Bank of the West
Salary Range79k - 135k$104k$103,578
American Express
Salary Range62k - 113k$84k$83,823
Citigroup
Salary Range56k - 118k$82k$81,932
Citizens Financial Group
Salary Range58k - 107k$79k$79,470
JPMorgan Chase & Co.
Salary Range47k - 98k$69k$68,820
Discover Financial Services
Salary Range46k - 88k$64k$63,974
Capital One
Salary Range46k - 85k$63k$63,125
USAA
Salary Range45k - 85k$63k$62,538
MetLife
Salary Range38k - 80k$56k$55,795
KeyBank
Salary Range39k - 77k$55k$55,439
$29k
$135k

Frequently Asked Questions about Bank of America

When was Bank of America founded?

Bank of America was founded in 1998.

How many Employees does Bank of America have?

Bank of America has 200,000 employees.

How much money does Bank of America make?

Bank of America generates $91.2B in revenue.

What industry is Bank of America in?

Bank of America is in the financial services industry.

What is Bank of America's mission?

Bank of America's mission statement is "We are driving growth – helping to create jobs, develop communities, foster economic mobility and address society's biggest challenges – while managing risk and providing a return to our clients and our shareholders. Because we recognize that we can only be successful when the individuals, companies, communities and employees we serve are able to reach their vision of success."

What type of company is Bank of America?

Bank of America is a public company.

Who are Bank of America's competitors?

Bank of America competitors include Wells Fargo, Fifth Third Bank, KeyBank, U.S. Bank, Citizens Financial Group, Citigroup, SunTrust Bank, The PNC Financial Services Group, Capital One, JPMorgan Chase & Co., Bank of the West, Regions Financial, M&T Bank, BB&T, Discover Financial Services, MetLife, American Express, USAA.

Who works at Bank of America?

Brian Moynihan (CEO)

Amadeo Giannini (Founder)

Hugh McColl (Founder)

Are You An Executive, HR Leader, Or Brand Manager At Bank of America?

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Zippia gives an in-depth look into the details of Bank of America, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Bank of America. The employee data is based on information from people who have self-reported their past or current employments at Bank of America. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Bank of America. The data presented on this page does not represent the view of Bank of America and its employees or that of Zippia.

Bank of America may also be known as or be related to Banc of America Securities LLC, Bank Of America, Bank of America, Bank of America Corporation, Bank of America, N.A. and bank of america merrill lynch.