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 »
"I feel that I am being underpaid for the amount of work I do."
"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."
"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."
"We were underpaid at Bank of America."
"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."
"Underpaid by a long way. Need to be more competative"
"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."
"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."
"The salary for me compared to others should be fine. But it is comparatively low to my expectation."
"I believe that I could have been compensated more for the amount of work that I had done for them."
"The pay for this position was just right."
"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."
"I am comfortable with the compensation. I think the pay could be better though from the feedback I've been getting."
"I feel I deserve at least $70 an hour or more."
"Good pay. I will get more pay after gaining experience."
"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."
"The company which I'm working is paying me reasonable salary."
"I was underplayed, but that's a function of where you are was much as most things."
"Underpaid for the work I put into my job each and every day."
"I am paid well and have received the benefits as promised."