Bank of America
4.0 (1,417)
Industry: Management of Companies and Enterprises - HQ: Charlotte, NC
http://www.bankofamerica.com

Bank of America Salaries

3.5 (based on 167 salary ratings)

Bank of America employees earn $20 per hour on average, or $41,000 annually, which is 31% lower than the national salary average of $56,000 per year. According to our data, the highest paying job at Bank of America is a Principal at $170,300 annually while the lowest paying job at Bank of America is a Proof Encoding Specialist at $20,500 annually.

See all Bank of America salaries »
4.8Posted 6 months ago in Denver, CO
"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."
Bank of America Employees Average (14,107)
Industry Average (29,685)
Bank of America JobsView All »

Bank of America Employee Salary Reviews

Anonymous Employee Salaries (74)
$55K
Posted last week in Alexandria, VA

"I feel that I am being underpaid for the amount of work I do."

$115K
Posted last week in Charlotte, NC

"I feel that I am at the average or a little above, but I do believe that I am worth more than the average. Unfortunately, the only way to demonstrate this is to actually work on and show them what you are worth."

Underwriter Salaries (39)
$55K
Posted 6 months ago in Denver, CO

"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."

$45K
Posted 6 months ago in Renton, WA

"We were underpaid at Bank of America."

Mortgage Underwriter Salaries (32)
$45K
Posted last month in Broomfield, CO

"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."

$48K
Posted 8 months ago in Renton, WA

"Underpaid by a long way. Need to be more competative"

Bank of America Employees Average Salary Ratings

23
66
52
19
7
3.5
Average Rating
(based on 167 Bank of America Salary Review Ratings)
Assistant Vice President Salaries (244)
$87K
Posted last week in Pittsburgh, PA

"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."

$103K
Posted this month in New York City, NY

"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."

Sales and Service Specialist Salaries (234)
$30K
Posted 5 months ago in Corvallis, OR

"The salary for me compared to others should be fine. But it is comparatively low to my expectation."

$33K
Posted 9 months ago in San Jose, CA

"I believe that I could have been compensated more for the amount of work that I had done for them."

Average Bank of America Employee Salaries in the Past 5 Years

Year Salary
2009 $53000
2010 $60000
2011 $61000
2012 $58000
2013 $78000
Home Service Specialist Salaries (123)
$37K
Posted 4 months ago in Simi Valley, CA

"The pay for this position was just right."

$41K
Posted 7 months ago in Westlake Village, CA

"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."

Senior Software Engineer Salaries (25)
$131K
Posted last month in Newark, DE

"I am comfortable with the compensation. I think the pay could be better though from the feedback I've been getting."

$141K
Posted 5 months ago in Pennington, NJ

"I feel I deserve at least $70 an hour or more."

J2EE Developer Salaries (8)
$50K
Posted 5 months ago in New York City, NY

"Good pay. I will get more pay after gaining experience."

$75K
Posted 8 months ago in Charlotte, NC

"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."

Network Engineer Salaries (7)
$114K
Posted last month in Atlanta, GA

"The company which I'm working is paying me reasonable salary."

$62K
Posted 3 months ago in Jacksonville, FL

"I was underplayed, but that's a function of where you are was much as most things."

Contact Center Team Manager Salaries (4)
$70K
Posted last month in Dorchester, WI

"Underpaid for the work I put into my job each and every day."

$68K
Posted 7 months ago in Tampa, FL

"I am paid well and have received the benefits as promised."