How much does Bank of America pay?
Employees at Bank of America make, on average, $56,114 a year or $26.98 an hour. However, there's a significant range between the top 10 percent of earners and the bottom 10 percent of earners. While the highest-paid employees at Bank of America can earn over $110,000 a year, the lowest-paid employees earn less than $28,000. Show More

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. Our data shows that employees in Management roles earn the highest wages at Bank of America, with an average yearly salary of $112,048. The second-highest paying department is Computer & IT, where employees earn an average salary of $92,294 per year. Departments that don't pay as well at Bank of America include the Customer Service and Accounting & Finance organizational functions, with employees earning $38,401 and $44,240, respectively.
Department
Average
Management
Management
$112,048
$112k
Computer & IT
Computer & IT
$92,294
$92k
Business Operations
Business Operations
$76,896
$77k
Manufacturing & Warehouse
Manufacturing & Warehouse
$76,506
$77k
Administrative & Office
Administrative & Office
$50,304
$50k
Sales & Retail
Sales & Retail
$46,918
$47k
Accounting & Finance
Accounting & Finance
$44,240
$44k
Customer Service
Customer Service
$38,401
$38k

Bank of America SALARIES BY JOB TITLE

While Bank of America employees earn an average yearly salary of $56,114, different roles can command different wages. Some of the job titles with high salaries at Bank of America are Finance Advisor, Consultant Systems Engineer, Java Developer, and Mortgage Underwriter. A typical Finance Advisor salary at Bank of America is $107,585. Other roles at Bank of America include Cashier and Customer Service Representative. A Cashier at Bank of America earns an average yearly salary of $27,141.

Bank of America SALARIES BY LOCATION

Cost of living can vary dramatically depending on the part of the country you're in. Looking at our data, we can see that employees at Bank of America earn more in some areas than others. The city with the highest average salary is New York, NY, where employees earn an average salary of $69,166. This can be compared to Jersey City, NJ, where Bank of America employees earn an average salary of $68,677.

RECENTLY ADDED Bank of America SALARIES

JobLocationDate AddedSalary
Service RepresentativeChicago, IL
Service Representative
Chicago, IL
Chicago, IL
01/26/2020
01/26/2020
$31,30501/26/2020
$31,305
Service RepresentativeChicago, IL
Service Representative
Chicago, IL
Chicago, IL
12/27/2019
12/27/2019
$31,30512/27/2019
$31,305
Lead Operator
Phoenix, AZ
Lead Operator
Phoenix, AZ
Phoenix, AZ
12/06/2019
12/06/2019
$100,00012/06/2019
$100,000
Lead Operator
Phoenix, AZ
Lead Operator
Phoenix, AZ
Phoenix, AZ
12/05/2019
12/05/2019
$100,00012/05/2019
$100,000
Service RepresentativeChicago, IL
Service Representative
Chicago, IL
Chicago, IL
11/27/2019
11/27/2019
$31,30511/27/2019
$31,305

Bank of America Competitor Salaries

Based on our research, similar companies to Bank of America are Morgan Stanley, Goldman Sachs, and The Bank of New York Mellon. The average salaries at Morgan Stanley rank the highest, with their employees earning an average salary of $119,629 per year. The employees at Goldman Sachs earn an average yearly salary of $105,030 per year, and the salaries at The Bank of New York Mellon average $82,840 per year.

Bank of America JOBS