How much does a senior banker make at Bank of America? (2024)

How much does a senior banker make at Bank of America?

The estimated total pay range for a Senior Banker at Bank of America is $58K–$85K per year, which includes base salary and additional pay. The average Senior Banker base salary at Bank of America is $62K per year.

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How much do senior bankers at Bank of America make?

How much does a Senior Banker make at Bank of America in California? The estimated average pay for Senior Banker at this company in California is $47,125 per year, which is 47% below the national average.

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What is the highest salary at Bank of America?

The highest-paying job at Bank of America is a Founder & Chief Executive Officer with a salary of $419,643 per year (estimate). What is the lowest salary at Bank of America? The lowest-paying job at Bank of America is a PT Teller with a salary of $38,206 per year (estimate).

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What Bank pays the highest salaries?

1. Goldman Sachs is the highest paying bank overall - $398k in combined salaries and bonuses, on average. Goldman Sachs, which paid average salaries of $200k and average bonuses of $199k for 2023, was the highest paying bank we polled.

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How well does Bank of America pay?

The average Bank of America salary ranges from approximately $36,000 per year for Sales and Service Technician to $154,054 per year for Agile Coach. Average Bank of America hourly pay ranges from approximately $15.00 per hour for Ambassador to $62.97 per hour for Full Stack Developer.

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What is considered a senior banker?

A "Senior Banker" is - within a bank - in charge of the management of the relationship with a client, at a very senior level.

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How many hours do senior bankers work?

How Many Hours do Investment Bankers Work? Investment bankers work notoriously long hours, with the typical work week filling in 60-80 hours per week, and the occasional high-intensity work week that can push a banker to 100+ hours.

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What are the levels at Bank of America?

The Bank of America Preferred Rewards program offers five tiers: Gold, Platinum, Platinum Honors, Diamond and Diamond Honors. Both the benefits members receive and the combined balance required to qualify increase with each successive tier.

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Which Bank employee has highest salary?

Highest Paying Bank Jobs in India – Summary
Job TitleSalary (Annual)
Bank Manager40 lakhs
Investment Banker70 lakhs
Foreign Exchange Trader65 lakhs
Relationship Manager40 lakhs – 60 lakhs
4 more rows
Oct 27, 2023

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What does a band 5 make at Bank of America?

Bank of America Band 5 Human Resources Salary | $83K-$104K+ | Levels.

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How much does 100k make in the bank?

At a 4.25% annual interest rate, your $100,000 deposit would earn a total of $4,250 in interest over the course of a year if interest compounds annually. Annual total: $104,250.

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What is the highest paid job in banking?

  • Apr 23, 2024. 10 Highest Paying Bank Jobs in India. ...
  • Chief Executive Officer​ ​The CEO of a bank is responsible for the overall management and strategic direction of the institution. ...
  • Chief Financial Officer​ ...
  • Chief Risk Officer​ ...
  • ​Investment Banker​ ...
  • Treasury Manager​ ...
  • Credit Analyst​ ...
  • Branch Manager​
Apr 23, 2024

How much does a senior banker make at Bank of America? (2024)
Where do bankers get paid the most?

Highest paying cities for Bankers near United States
  • Charlotte, NC. $30.93 per hour.
  • New York, NY. $25.12 per hour. 49 salaries reported.
  • Brooklyn, NY. $24.84 per hour.
  • Houston, TX. $22.04 per hour.
  • Los Angeles, CA. $20.46 per hour. 25 salaries reported.
  • Show more nearby cities.

Does Bank of America give bonuses to employees?

Dive Brief: Bank of America will give restricted stock bonuses worth a collective $800 million to roughly 97% of its staff, CEO Brian Moynihan said Thursday in a memo seen by Bloomberg and Reuters. Employees who earn less than $500,000 in total annual pay are eligible for the award, Moynihan said.

How prestigious is Bank of America?

Bank of America was once again recognized on Fortune's World's Most Admired Companies list and ranked No. 1 in the Financials-Megabanks industry which is up from our No. 5 spot in 2023.

How old is the average banker?

There are over 141,062 bankers currently employed in the United States. 53.7% of all bankers are women, while 46.3% are men. The average banker age is 43 years old. The most common ethnicity of bankers is White (66.5%), followed by Asian (12.3%), Hispanic or Latino (11.4%) and Black or African American (5.5%).

Is being a banker a stressful job?

Bank Tellers often face a fast-paced environment, managing financial transactions with precision while providing excellent customer service. Stress can arise from handling large sums of money, adhering to strict security protocols, and dealing with diverse customer needs.

What is the highest level banker?

Managing Director

The Managing Director sits at the highest level of the investment bank hierarchy, and he/she is responsible for the profitability of the bank.

What age do most bankers retire?

Age Range: It's nearly impossible to reach this level before your early 30's, so we'll say 35-50 for the range. Few MDs continue working until the official retirement age (65-70); it's a stressful, high-pressure job, and past a certain net worth, it's just not worth it.

How much sleep do bankers get?

Average number of hours slept by financial services professionals by age, 2024. Table with 2 columns and 7 rows. Bankers, generally speaking, are not sleeping well. Across all respondents to our survey, people working in finance got an average of 6.72 hours of sleep a night.

What does it mean to be a senior banker?

Senior Bankers manage the bank's major accounts and liaise with the most important clients. The role of a Senior Banker involves managing various aspects of client relations, identifying client requirements, recommending banking solutions, and assisting their clients to ensure a high level of satisfaction.

What is the highest status at Bank of America?

The highest tier in the Bank of America Preferred Rewards program is known as Diamond Honors. To be eligible for Diamond Honors, you need a combined three-month average balance of at least $10 million.

What does a band 4 make at Bank of America?

Bank of America Band 4 Data Scientist Salary | $144K-$202K+ | Levels.

What is the best paying position at a bank?

10+ Best-Paying Jobs in Major Banks for 2024
  • Loan Officer.
  • Accountant or Auditor.
  • Financial Examiner.
  • Investment Products Salesperson.
  • Financial Analyst.
  • Software Developers.
  • Financial Advisor.
  • Sales Manager.
Mar 14, 2024

What is the highest salary in Bank of America?

The highest-paying job at Bank of America is a Director with a salary of ₹91.5 Lakhs per year. The top 10% of employees earn more than ₹28 lakhs per year. The top 1% earn more than a whopping ₹55 lakhs per year.

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