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Bank of America main competitors are Merrill Lynch, American Express, and Bank of the West.

Competitor Summary. See how Bank of America compares to its main competitors:

  • Wells Fargo has the most employees (268,531).
  • Employees at Merrill Lynch earn more than most of the competitors, with an average yearly salary of $87,121.
  • The oldest company is Citi, founded in 1812.
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Bank of America vs competitors

CompanyFounding dateZippia scoreHeadquarters# of LocationsRevenueEmployees
1998
4.7
Charlotte, NC33$85.5B200,000
1852
4.6
San Francisco, CA22$2.4B268,531
1863
4.6
Minneapolis, MN8$202.1M70,000
1858
4.6
Cincinnati, OH3$7.7T19,846
1825
4.4
Cleveland, OH5$2.8B17,999
2000
4.8
New York, NY30$2.4B255,351
1828
4.3
Providence, RI4$6.1B18,100
1812
4.6
New York, NY19$74.3B210,000
1891
4.9
Atlanta, GA3$300.1M22,899
1914
4.9
New York, NY1$13.8B15,100
1994
4.7
McLean, VA16$26.0B51,985
1874
4.7
San Francisco, CA2$2.8B9,261
1971
4.1
Birmingham, AL8$3.8B19,969
1856
4.7
Buffalo, NY6$499.3M16,840
1872
4.8
Winston-Salem, NC5$11.7B37,000
1868
4.4
New York, NY12$531.0M49,000
1985
4.4
Riverwoods, IL48$13.0B17,600
1850
4.8
New York, NY15$36.1B63,700
1922
4.7
San Antonio, TX9$35.6B32,896

Bank of America competitors jobs

Bank of America jobs openings vs similar companies

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Bank of America remote jobs

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Bank of America salaries vs competitors

Among Bank of America competitors, employees at Merrill Lynch earn the most with an average yearly salary of $87,121.

Compare Bank of America salaries vs competitors

CompanyAverage salaryHourly salarySalary score
Bank of America
$53,211$25.58-
Wells Fargo
$41,599$20.00-
U.S. Bank
$46,793$22.50-
Fifth Third Bank
$48,033$23.09-
KeyBank
$56,777$27.30-
JPMorgan Chase & Co.
$73,946$35.55-

Compare Bank of America job title salaries vs competitors

CompanyHighest salaryHourly salary
Bank of America
$81,313$39.09
Citi
$102,267$49.17
Merrill Lynch
$84,502$40.63
JPMorgan Chase & Co.
$83,332$40.06
U.S. Bank
$82,642$39.73
Bank of the West
$82,588$39.71
M&T Bank
$80,807$38.85
Wells Fargo
$79,700$38.32
Fifth Third Bank
$79,301$38.13
American Express
$79,125$38.04
Citizens Financial Group
$78,224$37.61
BB&T
$76,796$36.92
Discover
$76,433$36.75
Capital One
$76,376$36.72
KeyBank
$75,929$36.50
SunTrust
$75,727$36.41
Regions Bank
$75,446$36.27
USAA
$53,586$25.76
MetLife
$49,233$23.67

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Bank of America demographics vs competitors

Compare gender at Bank of America vs competitors

Job titleMaleFemale
BB&T32%68%
Bank of America43%57%
Capital One46%54%
American Express48%52%
Citi50%50%
Citizens Financial Group54%46%

Compare race at Bank of America vs competitors

CompanyWhiteHispanic or LatinoBlack or African AmericanAsianUnknownDiversity score
53%20%12%11%4%
9.9
57%15%10%13%4%
9.9
60%12%16%8%4%
9.7
53%15%14%13%5%
9.8
52%18%11%15%4%
10.0
65%12%8%10%4%
9.8

Bank of America and similar companies CEOs

CEOBio
Stephen J. Squeri
American Express

Chairman and CEO of American Express. Proud to lead an extraordinary group of colleagues who back our customers and communities every day.

Kelly King
BB&T

Kelly King has served as chairman of BB&T Corporation since January 2010; president and chief executive officer of BB&T Corporation and chairman and chief executive officer of BB&T since January 2009; chief operating officer of BB&T Corporation and BB&T from July 2004 to December 2008; and president of BB&T Corporation from 1996 to June 2004. King has forged a lifetime of leadership experience with BB&T, devoting 29 of his 40 years of service to BB&T as a member of Executive Management. He has assumed leadership roles in commercial and retail banking, operations, insurance, corporate financial services, investment services and capital markets. King is credited with leading BB&T to continued profitability and financial stability through the economic downturn beginning in 2008. Under his leadership, BB&T was one of the first institutions to repay TARP funds. His unwavering commitment to the company's vision, mission and values has led to a nationally recognized associate volunteer program, called The Lighthouse Project.

Richard D. Fairbank
Capital One

Richard Dana Fairbank (born September 18, 1950) is an American billionaire businessman who founded Capital One with Nigel Morris in 1988. He previously served on the board of directors of MasterCard International from 2004 through 2006. He is a member of the Stanford Business School advisory council, the Financial Services Roundtable, and the board of directors of the BITS Technology Forum.

Jane Nind Fraser
Citi

Bruce Winfield van Saun
Citizens Financial Group

Timothy N. Spence
Fifth Third Bank

James Dimon (born March 13, 1956) is an American billionaire businessman. Since 2005 he has been the chairman and chief executive officer (CEO) of JPMorgan Chase, the largest of the big four American banks. Dimon was previously on the board of directors of the Federal Reserve Bank of New York. Dimon was included in Time magazine's 2006, 2008, 2009, and 2011 lists of the world's 100 most influential people. Dimon's net worth is estimated at $1.8 billion.

Christopher M. Gorman
KeyBank

Christopher M. Gorman assumed the role of Chairman, Chief Executive Officer, and President of KeyCorp on May 1, 2020, bringing more than 30 years of financial services experience to his role. Chris and his team are responsible for more than $156B in assets, 18,000 employees and 3.5MM clients. He is focused on, and dedicated to, delivering shareholder value; keeping the client experience central to all priorities; lifting and revitalizing communities; and maintaining a diverse, experienced and engaged board of directors and team. In September 2019, Chris was appointed President and Chief Operating Officer of KeyCorp, and was named Chairman and CEO of KeyBank, N.A. in 2012. Previously, Chris was Vice-Chairman and President of Banking where he was responsible for KeyCorp’s businesses. Chris was responsible for leading Key’s integration of First Niagara Financial Group, which was the largest acquisition in Key’s 190-year history. Prior to that, Chris served as the President of Key Corporate Bank, which was comprised of KeyBank Real Estate Capital, Enterprise Commercial Payments, Key Equipment Finance and KeyBanc Capital Markets. Earlier in his career, Chris led KeyBanc Capital Markets and held various leadership roles at McDonald Investments, a registered broker-dealer acquired by KeyCorp in 1998. Chris serves on the Board of Directors of The Bank Policy Institute and is member of the BITS Committee, technology policy division of the Bank Policy Institute. He is a member of the Supervisory Board of The Clearing House and serves as a board member of University Hospital Health System and the Cleveland Museum of Art. Previously, Chris was a member of the Sisters of Charity Health Systems Board of Directors and served on the Executive Committee. Chris also served as a Trustee of the Cleveland Institute of Music and The Zoological Society of Cleveland. He is the past Chairman of Business Volunteers Unlimited and past Chairman of the KeyCorp United Way Services Campaign, and served as President of the KeyBank Foundation. Chris received a Bachelor's degree in Finance from Miami University in 1983 and is a member of the Board of Visitors of Miami University’s Farmer School of Business.

Ren F. Jones Cpa
M&T Bank

Rene Jones is a Board Member at M&T Bank, Chairman & Chief Executive Officer at M&T Bank, and Board Member at Wilmington Trust and is based in Buffalo, New York. He has worked as Trustee at M & T Real Estate Inc, Board Member at M & T Real Estate Inc, and Vice Chairman/Exec VP at M&T Bank. Rene works or has worked as MEMBER at William E Simon Schl's Executive Advisory Council and TRUSTEE at Canisius High Schl. He attended NELCO between 1982 and 1986, Boston College, and University of Rochester - William E. Simon Graduate School of Business Administration between 1990 and 1992.

William H. Rogers Jr. (Bill)
SunTrust

William (Bill) H. Rogers Jr. is a Chairman and Chief Executive Officer at SUNTRUST BANKS INC and Board of Director at SUNTRUST BANKS INC. He has worked as Board of Trustees at GRA Venture Fund, LLC.

What employees say about Bank of America's competitors

Employee reviews
profile
2.0
A zippia user wrote a review on Dec 2023
Pros of working at Bank of America

Learning and convenient locations

Cons of working at Bank of America

Management sucks, is the lowest

Bank of America benefits

Training ability to learn more

What do you like best about Bank of America's CEO and the leadership team?

Nothing mediocre at best

How would you improve Bank of America's culture?

Do a overhaul on titles

How did you prepare for the Bank of America interview?

By researching the company title and pay for the industry

How does your compensation at Bank of America compare to the industry average?

Same

What's the diversity at Bank of America like?

Did a great job

What brings you the most joy at Bank of America?

Knowing I'm assisting someone and contributing to their positive experience

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profile
4.0
A zippia user wrote a review on Jul 2021
Pros of working at Bank of America

Benefits packages were the best in the industry

Cons of working at Bank of America

Rigidity of schedule rules and regulations

Bank of America benefits

16 weeks paid parental leave

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profile
5.0
A zippia user wrote a review on Jun 2021
Pros of working at Bank of America

Opportunity for growth, ideas can be shared, advanced technology

Cons of working at Bank of America

No work from home flexiblity

Bank of America benefits

Benefits.

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