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22,936 Bank of America Employee Salaries

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Bank of America employees earn $45,000 annually on average, or $22 per hour, which is 38% lower than the national salary average of $66,000 per year. According to our data, the highest paying job at Bank of America is a SVP at $208,000 annually while the lowest paying job at Bank of America is an Inventory Manager at $21,000 annually.

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$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 7 years ago in Denver, CO
Nationwide

$85K Assistant Vice President Average Salary at Bank of America (327 salaries)

Equal to national average Assistant Vice President salary ($85K)
+$40K (61%) more than average Bank of America salary ($45K)
$50K
$100K
$150K
+$58K (78%) more than average Bank of America salary ($45K)
"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."
+$42K (63%) more than average Bank of America salary ($45K)
"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 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."
+$75K (90%) more than average Bank of America salary ($45K)
"Market rate"
See 324 More Bank of America Assistant Vice President Salaries

$57K Mortgage Underwriter Average Salary at Bank of America (69 salaries)

+$1K (1%) more than national average Mortgage Underwriter salary ($56K)
+$12K (23%) more than average Bank of America salary ($45K)
$50K
$100K
$150K
+$1K (2%) more than average Bank of America salary ($45K)
"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."
+$40K (61%) more than average Bank of America salary ($45K)
"The salary that I am currently earning is decent but the company allows the underwriter to work overtime and bonus that makes the income great."
+$38K (59%) more than average Bank of America salary ($45K)
"My salary is commensurate with others in my profession."
See 66 More Bank of America Mortgage Underwriter Salaries

$47K Loan Officer Average Salary at Bank of America (291 salaries)

-$1K (2%) less than national average Loan Officer salary ($48K)
+$2K (4%) more than average Bank of America salary ($45K)
$50K
$100K
$150K
+$17K (31%) more than average Bank of America salary ($45K)
"The salary in my current position was, what I considered competitive when I first started there. My co-workers and I made industry standard salaries, with a lucrative bonus structure. It worked well, but as we made record income in our department for the company, a new management team started to re-structure the incentive payout scale to gradually reduce bonus pay each quarter."
+$10K (20%) more than average Bank of America salary ($45K)
"Bank of America starts you at a decent hourly rate during your 1 year of training. After a year your hourly rate changes to a lesser amount. You have many ways to make money through referrals made to your partners inside the branch. Bank of America expectations in funding 5 loans a month is not doable because a lot of our clients, do not have a social security number, assets, compensation factors, or the credit to be approved for a loan and we do not have good pricing. You have to work extra hours to meet your goal, funding 5 loans and they do pay overtime."
+$20K (36%) more than average Bank of America salary ($45K)
"Salary plus commission. No payback on monthly compensation. Similar pay structure to other banks"
See 288 More Bank of America Loan Officer Salaries

$63K Relationship Manager Average Salary at Bank of America (33 salaries)

+$2K (3%) more than national average Relationship Manager salary ($61K)
+$18K (33%) more than average Bank of America salary ($45K)
$50K
$100K
$150K
+$20K (36%) more than average Bank of America salary ($45K)
"A good portion of my salary comes from commission, which with Bank of America is based off a quarterly cycle. I do believe it needs to be restructured to become both more competitive and rewarding for employees."
+$20K (36%) more than average Bank of America salary ($45K)
"It is great salary however in order to move to assistant manager k would be kept same base pay with a cut in commission"
+$40K (61%) more than average Bank of America salary ($45K)
"Your performance dictates your salary"
See 30 More Bank of America Relationship Manager Salaries

$28K Customer Service Representative Average Salary at Bank of America (784 salaries)

Equal to national average Customer Service Representative salary ($28K)
-$17K (46%) less than average Bank of America salary ($45K)
$50K
$100K
$150K
+$2K (4%) more than average Bank of America salary ($45K)
"The salary is decent but in my opinion, should be more based on the responsibilities that come with the role."
-$5K (11%) less than average Bank of America salary ($45K)
"Underpaid - did not get a raise in 3 years."
-$10K (25%) less than average Bank of America salary ($45K)
See 781 More Bank of America Customer Service Representative Salaries

$55K Underwriter Average Salary at Bank of America (273 salaries)

Equal to national average Underwriter salary ($55K)
+$10K (20%) more than average Bank of America salary ($45K)
$50K
$100K
$150K
+$23K (40%) more than average Bank of America salary ($45K)
"I feel the compensation was directly where it needed to be based on my workload and requirements for complete my daily tasks."
Equal to average Bank of America salary ($45K)
"We were underpaid at Bank of America."
+$10K (20%) more than average Bank of America salary ($45K)
"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 270 More Bank of America Underwriter Salaries

$40K Home Services Specialist Average Salary at Bank of America (247 salaries)

Equal to national average Home Services Specialist salary ($40K)
-$5K (11%) less than average Bank of America salary ($45K)
$50K
$100K
$150K
-$3K (6%) less than average Bank of America salary ($45K)
"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."
Equal to average Bank of America salary ($45K)
"The pay at Bank of America was good with bonuses included."
-$7K (16%) less than average Bank of America salary ($45K)
"The pay for this position was just right."
See 244 More Bank of America Home Services Specialist Salaries

$51K Operations Analyst Average Salary at Bank of America (77 salaries)

+$1K (1%) more than national average Operations Analyst salary ($50K)
+$6K (12%) more than average Bank of America salary ($45K)
$50K
$100K
$150K
+$5K (10%) more than average Bank of America salary ($45K)
"low versus other roles"
-$4K (9%) less than average Bank of America salary ($45K)
"poor"
+$40K (61%) more than average Bank of America salary ($45K)
"Not sure"
See 74 More Bank of America Operations Analyst Salaries

$60K QA Tester Average Salary at Bank of America (28 salaries)

Equal to national average QA Tester salary ($60K)
+$15K (28%) more than average Bank of America salary ($45K)
$50K
$100K
$150K
+$25K (43%) more than average Bank of America salary ($45K)
"The average pay for QA is $55000 - 60000 annually. i feel comfortable with this rate or slightly higher because am still learning a lot. 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."
+$28K (47%) more than average Bank of America salary ($45K)
"I feel like I'm being underpaid but it was a good learning opportunity."
+$5K (10%) more than average Bank of America salary ($45K)
See 25 More Bank of America QA Tester Salaries

$66K Software Engineer Average Salary at Bank of America (23 salaries)

-$5K (7%) less than national average Software Engineer salary ($71K)
+$21K (37%) more than average Bank of America salary ($45K)
$50K
$100K
$150K
+$75K (90%) more than average Bank of America salary ($45K)
"My current employer pays decent pay compared to current software developers in the market. And it is also good thing that as individual can focus on technical skills which helps towards company growth rather than thinking about financial stuff."
+$75K (90%) more than average Bank of America salary ($45K)
"The pay at my current employer is decent and it helps us to focus on technical skills which help towards company growth."
+$64K (83%) more than average Bank of America salary ($45K)
"I get paid according to my experience."
See 20 More Bank of America Software Engineer Salaries
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