Bank Of America Branch Manager Salary

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As one of the world’s leading banking and financial institutions, Bank of America offers a variety of financial services to individuals, businesses, corporations and governments. Ready to find out if working at Bank of America is the right career for you?

Bank Of America Branch Manager Salary

Although parts of the company date back more than 240 years, the main branch began in 1904 as the Bank of Italy in San Francisco. The company became Bank of America in 1930 and has since become the second-largest banking and financial services company in the United States, with revenues of $89.1 billion and assets of $3.2 trillion in 2021, and more. than 200,000 employees.

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Bank of America is headquartered in Charlotte, North Carolina and operates worldwide, providing a broad range of banking, financial, investment management and risk management products and services.

Dedicated to helping all clients achieve financial success, Bank of America leverages industry expertise, innovation, and cutting-edge technology (like Erica, the industry’s first AI) to fulfill its purpose, live its values, and achieve: use one of the virtual assistants). Responsible growth.

Explore life as an investment banker at Bank of America and gain valuable skills to advance your career with our free job simulation.

Bank of America’s campus recruiting division offers several programs for undergraduate and graduate students and entry-level candidates interested in working at the company.

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Considered pre-internship programs, college students can join one of Bank of America’s Insight programs in their senior year and beyond for opportunities to attend business seminars, networking events and more.

These 10-week internships expose students to skills training, development opportunities, performance reviews, and social events. Analyst level internships are for undergraduate students, while associate level internships are for graduate students in MBA programs. Summer internships are Bank of America’s main recruiting source for full-time programs.

Full-time programs are two-year rotating development programs in specific business areas. As with internships, analyst-level roles in a full-time program are typically for students working toward a bachelor’s or master’s degree. Associate level programs are for MBA students.

Bank of America is currently hiring for 17 different types of internships. You can view open positions on your careers page and excel during the application process with our free B of A investment banking course.

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These are Bank of America jobs in consumer and small business, wealth management, and banking and global markets. In addition to corporate and institutional clients around the world, employees in this department serve the US direct work with individual clients.

Software developers, analysts, data engineers, software engineers, scrum masters, and others work in technical and operational roles. These positions work with the company’s technology platforms, infrastructure, and information security capabilities.

This job category includes audit, administrative, human resources, legal, and risk management jobs. Business support staff work in teams of experts to ensure efficient day-to-day business operations.

In addition to standard insurance, retirement plans, and paid time off, Bank of America offers employees a robust benefits package. Although they may vary by location and the specific situation, common benefits include:

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Bank of America also provides extensive professional development opportunities for employees through The Academy, which provides onboarding experiences, personalized support, and training and career development opportunities for more than 40,000 employees each year.

Current and former employees give Bank of America Benefits 4.2 out of 5 stars on Glassdoor, with positive comments about health insurance, PTO and vacation, and the 401(k) plan. Comparatively, 75% of employees say they are satisfied with their benefits.

By comparison, employee reviews give Bank of America a 3.5 out of 5 for overall culture, which is a C+. However, 81% of employees look forward to interacting with their team every day, 60% are happy with their work-life balance, and 72% report a positive work environment.

According to the MIT Culture 500, collaboration among employees is the most valued cultural value. Performance, on the other hand, is more often talked about negatively about cultural value.

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While reviews of the culture are mixed, Bank of America is a great place to work, demonstrating an overall positive company culture. In fact, 84% of employees agree that it really is a great place to work. Other findings from the 2021 Global Employee Engagement Study include:

In addition, Bank of America won several workplace awards in 2022, including Fortune’s Best Workplaces for Women, Best Workplaces for Millennials, 100 Best Companies to Work For, and Best Workplaces in financial and insurance services.

Bank of America is dedicated to fostering relationships among its employees through employee networks, clubs, annual events, and activities such as museum tours, cultural events, and sports tournaments.

The company encourages volunteerism, providing employees with two paid hours per week of volunteer time (during work hours). Bank of America employees volunteer millions of hours a year.

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Bank of America believes that people’s differences make it a strong company. Prioritize diversity and inclusion with programs and initiatives that support women, the LGBTQ+ community, service members and veterans, people with disabilities, Asian Americans, Black/African Americans, Hispanic Latinos, and Native Americans. Companywide, 50% of employees are women and more than 49% are racially or ethnically diverse.

The company has achieved 100% carbon neutrality and 100% renewable electricity by 2019 and has a goal of net zero greenhouse gas emissions by 2050. Its Green Commerce Initiative has committed $1 trillion by 2030 to help work towards a sustainable and low carbon economy.

As the number two and number one largest banks in the United States, Bank of America and JPMorgan Chase are natural competitors.

How does working at Bank of America compare to working at JP Morgan? Based on Glassdoor reviews, here’s how the two power banks stack up:

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For regular employees, Bank of America’s interview and hiring process consists primarily of competency-based interviews, with a mix of phone interviews, video interviews, face-to-face interviews, and panel or conference call interviews. The Company may also use assessments and practices to measure competencies and values ​​for certain positions.

In addition to interviewing to qualify, Bank of America uses the interview process to learn about a candidate’s aspirations, character and values ​​and to see how well they align with the company’s values ​​and culture.

Student applicants also experience a mix of interview types, including video-on-demand interviews that are conducted asynchronously. A video on Bank of America’s campus recruiting page offers these tips for completing video-on-demand interviews:

On Glassdoor, interviewees give Bank of America’s interview process a difficulty rating of 2.8 out of 5. About 67% of candidates report a positive interview experience, while 12% report a negative one.

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In terms of getting an interview, 56% of respondents applied online, 15% came through campus recruiting, and 10% applied through a recruiter.

Want to know what it’s like to work at another leading banking company? Check out the Guide to Working at Citi and other Forage company guides. The average salary for a bank manager is $96,910 per year. To make our salary estimates, the US starts with data published in publicly available sources, such as the Bureau of Labor Statistics (BLS), Foreign Labor Certification. Data Center (FLC) Show more

Bank managers in the United States earn an average of $96,910 per year, or $46.59 per hour. Bank managers at the low end of that spectrum, the bottom 10% to be exact, make about $65,000 a year, while the top 10% make $142,000. Location affects how much a bank manager can expect to earn. Bank managers earn the most in California, New York, Washington, New Jersey and Maine.

If both location and money are important to you, you might want to check out California, New York, and Washington, as these three states offer the highest salaries in the entire US for bank managers. At the opposite end of the list are the lowest-paying states, which are Minnesota, Iowa, and Missouri.

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A bank manager’s salary can vary depending on a person’s years of experience, from entry level to senior level. An accountant with 0-2 years of experience earns an average salary of $66,630, a mid-career professional with 3-6 years of experience earns an average of $96,910 per year, and a senior accountant with 7-12 years of experience earns $158, enjoys an average annual salary of 504. The data is provided by the Bureau of Labor Statistics (BLS) as part of its National Compensation Survey on how experience levels affect employment, which is based on factors such as knowledge , complexity and contacts. and environment.

The top-paying companies for bank managers are Accenture and Pwc, based on our most recent salary estimates. Additionally, companies like Ernst & Young and Citi report highly competitive salaries for bank managers.

California pays bank managers the highest in the United States, with a median salary of $126,414 per year, or $60.78 per hour.

You know if you are being paid fairly as a bank manager if your salary is close to the average salary for the state in which you live. For example, if you live in New York, you should be paid around $120,519 per year.

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