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Bank of America Employee Salaries(14,846 salaries)

Bank of America employees earn $41,000 annually on average, or $20 per hour, which is 34% lower than the national salary average of $58,000 per year. According to our data, the highest paying job at Bank of America is a Principal at $170,000 annually while the lowest paying job at Bank of America is an Inventory Manager at $21,000 annually. Browse Bank of America Salaries by Job Title →

$41K Bank of America Average Salary (14,846 salaries)
$61K Industry Average Salary (30,580 salaries)

Average Bank of America Employee Salary in the Past 5 Years

Year Salary
2009 $53000
2010 $60000
2011 $61000
2012 $59000
2013 $78000
$55K
"In my opinion, Bank of America pays its employees well. I started with a base salary of $48,000, but with monthly and yearly bonuses and incentives I make about $55,000 a year. There is also an opportunity for a raise every year. I really enjoyed the monthly bonuses because they helped drive my performance goals and made work more satisfying/fulfilling."
Posted 10 months ago in Denver, CO

14,846 Bank of America Salaries

$55K Underwriter Average Salary at Bank of America (39 salaries)

Equal to national average Underwriter salary ($55K)
+$14K (29%) more than average Bank of America salary ($41K)
$68K Underwriter in Dallas, TX · This month
+$27K (49%) more than average Bank of America salary ($41K)
"I feel the compensation was directly where it needed to be based on my workload and requirements for complete my daily tasks."
$45K Underwriter in Renton, WA · 10 months ago
+$4K (9%) more than average Bank of America salary ($41K)
"We were underpaid at Bank of America."
$55K Underwriter in Denver, CO · 10 months ago
+$14K (29%) more than average Bank of America salary ($41K)
"In my opinion, Bank of America pays its employees well. I started with a base salary of $48,000, but with monthly and yearly bonuses and incentives I make about $55,000 a year. There is also an opportunity for a raise every year. I really enjoyed the monthly bonuses because they helped drive my performance goals and made work more satisfying/fulfilling."
See 36 More Bank of America Underwriter Salaries

$55K Mortgage Underwriter Average Salary at Bank of America (32 salaries)

Equal to national average Mortgage Underwriter salary ($55K)
+$14K (29%) more than average Bank of America salary ($41K)
+$5K (11%) more than average Bank of America salary ($41K)
"I feel that the pay is too little. Compared to other underwriter positions, the pay is not enough. I feel that my quality of work was such that they pay should have been higher. I was consistently a top producer in my unit of 50 team members."
+$7K (15%) more than average Bank of America salary ($41K)
"Underpaid by a long way. Need to be more competative"
+$42K (67%) more than average Bank of America salary ($41K)
"My salary is commensurate with others in my profession."
See 29 More Bank of America Mortgage Underwriter Salaries

$86K Assistant Vice President Average Salary at Bank of America (273 salaries)

+$1K (1%) more than national average Assistant Vice President salary ($85K)
+$45K (70%) more than average Bank of America salary ($41K)
+$62K (86%) more than average Bank of America salary ($41K)
"With the years of experience and the technology expertise that I have I am sure that I am eligible for more that what I get now. Per industry standards, I should be getting around $130,000 for the current role."
+$46K (71%) more than average Bank of America salary ($41K)
"We are the heart of the bank and how we handle customers truly could make or break a relationship. Our job and our goal is to "wow" the customers if you so that they want to continue their relationship with us and/or add more products. We want to increase the household share and the only way we can do is by treating the customer with the human touch. They don't want individuals who are robotic, they want people to use their name and treat them as if they really know them. Listen to them and help them with the right product or service. When we have such a highly visible role for the organization you want to make sure they are the ones compensated accordingly."
$70K Assistant Vice President · 2 years ago
+$29K (52%) more than average Bank of America salary ($41K)
See 270 More Bank of America Assistant Vice President Salaries

$30K Sales and Service Specialist Average Salary at Bank of America (234 salaries)

Equal to national average Sales and Service Specialist salary ($30K)
-$11K (30%) less than average Bank of America salary ($41K)
-$11K (30%) less than average Bank of America salary ($41K)
"The salary for me compared to others should be fine. But it is comparatively low to my expectation."
-$8K (21%) less than average Bank of America salary ($41K)
"I believe that I could have been compensated more for the amount of work that I had done for them."
$55K Sales and Service Specialist · This month
+$14K (29%) more than average Bank of America salary ($41K)
See 231 More Bank of America Sales and Service Specialist Salaries

$40K Home Service Specialist Average Salary at Bank of America (123 salaries)

Equal to national average Home Service Specialist salary ($40K)
-$1K (2%) less than average Bank of America salary ($41K)
+$1K (2%) more than average Bank of America salary ($41K)
"We know that other companies were paying at least 30% that what we were making. What made us stay was the atmosphere, we liked working for Bank of America. It's a great place to work in."
-$3K (7%) less than average Bank of America salary ($41K)
"The pay for this position was just right."
$50K Home Service Specialist · 2 years ago
+$9K (19%) more than average Bank of America salary ($41K)
See 120 More Bank of America Home Service Specialist Salaries

$91K Senior Software Engineer Average Salary at Bank of America (25 salaries)

Equal to national average Senior Software Engineer salary ($91K)
+$50K (75%) more than average Bank of America salary ($41K)
+$91K (105%) more than average Bank of America salary ($41K)
"I am comfortable with the compensation. I think the pay could be better though from the feedback I've been getting."
+$101K (110%) more than average Bank of America salary ($41K)
"I feel I deserve at least $70 an hour or more."
$41K Senior Software Engineer · 3 years ago
Equal to average Bank of America salary ($41K)
See 22 More Bank of America Senior Software Engineer Salaries

$60K QA Tester Average Salary at Bank of America (24 salaries)

Equal to national average QA Tester salary ($60K)
+$19K (37%) more than average Bank of America salary ($41K)
$70K QA Tester in Charlotte, NC · 8 months ago
+$29K (52%) more than average Bank of America salary ($41K)
"The average pay for QA is $55000 - 60000 annually. i feel comfortable with this rate or slightly higher because am still learning alot. My last position at BOA payed 70000. I am hoping that i can be able to maintain this pay because i have the skills and knowledge that are required in this field. I do not think that am overpaid or underpaid. I hope as i build my career more and skills, that i may be able to move up to a higher pay scale. Meanwhile i am comfortable to work around this pay scale."
$73K QA Tester in Simi Valley, CA · 8 months ago
+$32K (56%) more than average Bank of America salary ($41K)
"I feel like I'm being underpaid but it was a good learning opportunity."
$61K QA Tester · 3 years ago
+$20K (39%) more than average Bank of America salary ($41K)
See 21 More Bank of America QA Tester Salaries

$53K Team Manager Average Salary at Bank of America (20 salaries)

-$1K (1%) less than national average Team Manager salary ($54K)
+$12K (25%) more than average Bank of America salary ($41K)
$80K Team Manager in Concord, CA · 2 months ago
+$39K (64%) more than average Bank of America salary ($41K)
"Good.. The bonus structure was annually."
$61K Team Manager · 3 years ago
+$20K (39%) more than average Bank of America salary ($41K)
$41K Team Manager · 5 years ago
Equal to average Bank of America salary ($41K)
See 17 More Bank of America Team Manager Salaries

$73K J2EE Developer Average Salary at Bank of America (8 salaries)

+$2K (2%) more than national average J2EE Developer salary ($71K)
+$32K (56%) more than average Bank of America salary ($41K)
+$34K (58%) more than average Bank of America salary ($41K)
"I feel I'm underpaid because I am currently working on a UI Development project handling off-shore and coding which takes 18-20 hrs of my day for the past 8 months. But neither they add resources nor compensate us for our hard work."
+$9K (19%) more than average Bank of America salary ($41K)
"Good pay. I will get more pay after gaining experience."
$81K J2EE Developer · 4 years ago
+$40K (65%) more than average Bank of America salary ($41K)
See 5 More Bank of America J2EE Developer Salaries

$70K Network Engineer Average Salary at Bank of America (7 salaries)

Equal to national average Network Engineer salary ($70K)
+$29K (52%) more than average Bank of America salary ($41K)
$115K Network Engineer in Atlanta, GA · 5 months ago
+$74K (94%) more than average Bank of America salary ($41K)
"The company which I'm working is paying me reasonable salary."
+$22K (42%) more than average Bank of America salary ($41K)
"I was underplayed, but that's a function of where you are was much as most things."
$70K Network Engineer · 4 years ago
+$29K (52%) more than average Bank of America salary ($41K)
See 4 More Bank of America Network Engineer Salaries
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