Updated July 8, 2021
Average Bank of America Salary
$47,000 yearly
$22.60 hourly

Entry level Salary
$23,000 yearly
$23,000
10 %
$47,000
Median
$96,000
90 %

How Much Does Bank of America Pay?

As an employee at Bank of America in the USA, you can expect to earn an average salary of $47,600 per year, or $22.88 an hour.

The lowest earners at Bank of America make under $23,000 a year, while the top 10 percent earn over $96,000.

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Bank of America Jobs

Highest Paying Jobs At Bank of America

While the average employee salary at Bank of America is $47,600, there is a big variation in pay depending on the role. The higher paying positions at Bank of America include team leader, specialist-small business, senior java developer, and senior software engineer. A worker with the title team leader salary at Bank of America can earn an average yearly salary of $111,537. Some of the other roles at Bank of America are customer service representative and cashier. A worker with the title customer service representative at Bank of America earns an average salary of $20,003 per year.
Job Title
RankascdescJob TitleascdescAverage SalaryascdescHourly Rateascdesc
1
$111,537
$53.62
2
$111,515
$53.61
3
$106,310
$51.11
4
$103,715
$49.86
5
$98,303
$47.26
6
$98,002
$47.12
7
$97,579
$46.91
8
$96,919
$46.60
9
$87,279
$41.96
10
$86,876
$41.77
11
$83,204
$40.00
12
$80,331
$38.62
13
$75,570
$36.33
14
$74,768
$35.95
15
$71,855
$34.55
16
$66,171
$31.81
17
$51,587
$24.80
18
$45,390
$21.82
19
$44,220
$21.26
20
$36,869
$17.73

Bank of America Jobs You Might Like

Average Bank of America Salaries By Locations

It's no secret that workers earn different salaries in different parts of the country, since the cost of living can be much higher in certain areas. At Bank of America, the employees are paid different salaries depending on their location. Our data shows that Bank of America employees in New York, NY get paid the most, where the average yearly pay is $58,292. In Jersey City, NJ, Bank of America pays a lower average salary of $57,997.
RankascdescLocationascdescAverage SalaryascdescHourly Rateascdesc
1
$58,292
$28.03
2
$57,997
$27.88
3
$54,992
$26.44
4
$54,062
$25.99
5
$53,551
$25.75
6
$52,390
$25.19
7
$50,985
$24.51
8
$50,079
$24.08
9
$49,697
$23.89
10
$48,641
$23.39
11
$48,365
$23.25
12
$47,403
$22.79
13
$46,878
$22.54
14
$45,867
$22.05

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Average Bank of America Salaries By Department

How much you earn at Bank of America depends on your role, and the organizational function that you work in. Employees who work in the engineering organizational function tend to get paid the most at at Bank of America, earning an average yearly salary of $94,304. Employees working in the marketing organizational function also get paid well, with an average yearly pay of $85,369. On the lower end of the pay scale, the customer service and retail functions pay lower wages, with average employee salaries of $30,463, and $35,042, respectively.
RankascdescDepartmentascdescAverage SalaryascdescHourly Rateascdesc
1
Engineering
$94,304
$45.34
2
Marketing
$85,369
$41.04
3
Plant/Manufacturing
$80,466
$38.69
4
IT
$80,074
$38.50
5
Business Development
$64,257
$30.89
6
Sales
$61,912
$29.77
7
Finance
$50,996
$24.52
8
Administrative
$41,885
$20.14
9
Retail
$35,043
$16.85
10
Customer Service
$30,464
$14.65

Best Paying Bank of America Finance Position Salaries

RankascdescPositionascdescAverage SalaryascdescHourly Rateascdesc
1
$87,279
$41.96
2
$80,331
$38.62
3
Finance Center Manager
$79,381
$38.16
4
$75,570
$36.33
5
$71,855
$34.55
6
$54,506
$26.20
7
$51,587
$24.80
8
Banking Center Manager
$45,390
$21.82
9
$39,566
$19.02
10
$36,869
$17.73
11
Foreclosure Specialist
$36,610
$17.60
12
$34,714
$16.69
13
$33,553
$16.13
14
Personal Banking Officer
$33,225
$15.97
15
$32,131
$15.45
16
$31,606
$15.20

Bank of America Finance Jobs

Best Paying Bank of America Retail Position Salaries

RankascdescPositionascdescAverage SalaryascdescHourly Rateascdesc
1
$30,242
$14.54
2
$27,124
$13.04

Bank of America Retail Jobs

Best Paying Bank of America Customer Service Position Salaries

RankascdescPositionascdescAverage SalaryascdescHourly Rateascdesc
1
$50,506
$24.28
2
$43,663
$20.99
3
$33,295
$16.01
4
$32,617
$15.68
5
Senior Collector
$31,846
$15.31
6
$31,505
$15.15
7
$30,825
$14.82
8
$20,003
$9.62

Bank of America Customer Service Jobs

Recently Added Bank of America Salaries

JobascdescLocationascdescDate AddedascdescSalaryascdesc
Identity and Access Management/Sso Engineer
Charlotte, NC
Charlotte, NC
08/31/2021
$80,00008/31/2021
Relationship Manager Business Owner Specialist-Arapahoe Crossings Financial Center
Aurora, CO
Aurora, CO
08/27/2021
$41,74008/27/2021
Relationship Banker-South Wadsworth Financial Center
Denver, CO
Denver, CO
08/27/2021
$41,74008/27/2021
Wealth Management Client Associate
Grand Junction, CO
Grand Junction, CO
08/27/2021
$41,74008/27/2021
Security Architect
Chicago, IL
Chicago, IL
08/26/2021
$113,00008/26/2021

Recently Added Bank of America Jobs

Highest Paying Bank of America Competitor Salaries

Competitors of Bank of America include Merrill Daniels, Citizens Financial Group, and American Express. Employees at Merrill Daniels earn more than most of the competition, with an average yearly salary of $82,766. Employees at Citizens Financial Group earn an average of $80,535 per year, and the employees at American Express earn an average salary of $77,853 per year.
Company
RankascdescCompany NameascdescZippia ScoreascdescAverage Salaryascdesc
1
Merrill Daniels
4.2
$82,766
2
Citizens Financial Group
4.6
$80,535
3
American Express
4.8
$77,853
4
JPMorgan Chase & Co.
4.9
$67,986
5
Citigroup
4.8
$67,460
6
Capital One
4.7
$63,924
7
Discover Financial Services
4.6
$61,363
8
Countrywide Home Loans
4.3
$59,630
9
MetLife
4.7
$55,409
10
KeyBank
4.8
$52,142
11
Freedom Savings and Loan Association, A Federal Savings and Loan Associa
4.3
$47,356
12
Bank of the West
4.8
$46,392
13
SunTrust Banks
4.9
$43,716
14
The PNC Financial Services Group
4.8
$43,468
15
M&T Bank
4.7
$40,713
16
U.S. Bank
4.8
$40,432
17
Regions Bank
4.8
$39,349
18
Fifth Third Bank
4.9
$39,330
19
Wells Fargo
4.7
$37,740
20
BB&T
4.8
$36,600

Competitors Jobs