Bank of America Employee Salaries 2026: Average Pay & Compensation
Bank of America employee salaries are estimated at $121,401 average pay in 2025-2026, with $109,261 median pay and $157,821 average total compensation. Compare Bank of America employee salaries by role, level, bonus, equity, benefits, and Charlotte, NC location context before evaluating an offer.
Average Salary
$121,401
$10,117/mo
Total Compensation
$157,821
base + bonus + equity
Employees
213K
large company
Rating
3.7
★★★★☆
Direct answer
Bank of America employee salaries 2025-2026: average pay and compensation
The average salary for Bank of America employees is estimated at $121,401 in 2025-2026, with median pay of $109,261 and average total compensation of $157,821 when bonus, equity, and incentive pay are included. Entry-level roles start around $60,701, senior roles average $182,102, and the highest listed role benchmark is Investment Banker at $158,000.
Reviewed by Brazora Monk · Page reviewed May 26, 2026 · Salary data last updated May 19, 2026. Source basis: employee-reported compensation, public filings where applicable, and BLS wage baselines; this is a planning estimate, not a guaranteed offer or internal HR pay band.
Search intent match
Bank of America average employee salary, compensation and role pay
These are the four compensation questions people usually compare before applying to Bank of America: average employee salary, average compensation per employee, salary by role, and salary range by level.
| Search question | 2026 answer | How to use it |
|---|---|---|
| Bank of America average employee salary 2026 | $121,401 average base salary | Compare against the Finance peer average of $155,993. |
| Bank of America average compensation per employee | $157,821 average total compensation | Separate base salary from bonus and equity before comparing offers. |
| Bank of America employee salaries by role | Investment Banker: $158,000 | Actuary: $127,000 | Relationship Manager: $112,000 | Use role-specific benchmarks instead of negotiating from the company average alone. |
| Bank of America salary range 2025-2026 | $60,701 to $182,102 across listed entry-to-senior levels | Adjust for level, team, location, bonus cycle, and Charlotte, NC cost context. |
Company-specific pay benchmark
Bank of America Employee Salaries by Role: 2025-2026 Snapshot
Bank of America employee salaries average $121,401 base pay and $157,821 average total compensation in this 2025-2026 benchmark. Within Finance, that puts Bank of America below the peer salary average of $155,993 by -22%. Use this snapshot to compare base salary, bonus potential, senior-level upside, and role-specific pay before accepting or negotiating an offer.
Vs. Finance peers
-22%
peer avg $155,993
Total comp position
-31%
peer avg $227,335
Role pay spread
$55,000
Financial Analyst to Investment Banker
Senior premium
+200%
senior vs entry-level salary
| Negotiation area | Bank of America benchmark | What to verify |
|---|---|---|
| Base salary | $121,401 average, $109,261 median | Compare the offer against the Finance peer average and your exact role level. |
| Bonus target | 37% target, about $44,918 on average salary | Ask whether the target is guaranteed, discretionary, prorated, or tied to company performance. |
| Equity or incentives | 23% of estimated total comp is above base salary | Check vesting schedule, refresh grants, strike price or RSU value, and liquidity timing. |
| Location economics | Charlotte, NC headquarters, $10,117 monthly average pay | Adjust for state taxes, local taxes, rent, commute cost, hybrid policy, and relocation support. |
Bank of America Salary by Level
Salary progression from entry-level to director positions at Bank of America.
Entry-level employees at Bank of America earn around $60,701, while directors can earn $282,258 or more.
Bank of America Average Pay by Role
| Role | Base Salary | Est. Total Comp |
|---|---|---|
| Investment Banker | $158,000 | $216,460 |
| Actuary | $127,000 | $173,990 |
| Relationship Manager | $112,000 | $153,440 |
| Risk Analyst | $109,000 | $149,330 |
| Financial Analyst | $103,000 | $141,110 |
Total compensation estimates include base salary and an average 37% bonus. Stock options/equity are offered but vary significantly by role and level.
Bank of America Benefits & Perks
Bank of America Salary Calculator
Select a role and experience level to estimate your salary at Bank of America.
Mid Career (5-9 yrs)
Estimated Salary at Bank of America
$108,000
$9,000/month · $51.92/hr
Est. total comp with 37% bonus: $147,960
About Bank of America
Based in Charlotte, NC, Bank of America is a prominent finance company with over 213K employees. The company offers competitive salaries, strong benefits, and career growth opportunities across multiple disciplines.
Headquarters
Charlotte, NC
Founded
1904
Industry
Finance
Company Size
large
Employees
213,000
Median Salary
$109,261
Hourly Rate
$58.37/hr
Monthly Pay
$10,117
Bank of America Employee Ratings
3.7
★★★★☆
Overall Rating
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Morgan Stanley
Methodology & Sources for Bank of America Salary Data
How we estimate Bank of America compensation data: Our salary figures combine self-reported employee compensation data (Glassdoor, Levels.fyi, Comparably, Blind), SEC filings for public companies (DEF 14A proxy statements include executive compensation), and BLS Occupational Employment and Wage Statistics for industry baselines. We weight recent data points (last 2 years) higher to reflect current market conditions.
- Base salary distribution aggregated from employee-reported data points. Bank of America (founded 1904, 213K employees, headquartered in Charlotte, NC) is in the Finance sector.
- Total compensation includes base salary, bonus, and where applicable, equity or other long-term incentives. At Bank of America, bonuses vary by role, level, location, performance cycle, and business division.
- Level mapping normalizes role names across companies (Entry/Junior/Mid/Senior/Lead/Principal/Director) for cross-company comparison.
- Cost-of-living adjustment uses BLS regional CPI-U data when comparing Bank of America's Charlotte, NC salaries to other markets.
- Industry benchmarking compares Bank of America compensation to BLS national averages for Finance sector occupations.
Authoritative compensation data sources:
- BLS Occupational Employment and Wage Statistics — national salary baselines for Finance
- SEC EDGAR — Company Filings — public company executive compensation in DEF 14A proxies
- BLS Industries at a Glance — Finance — sector employment, wages, productivity
- BLS Employment Cost Index — quarterly compensation trend data
- BLS Quarterly Census of Employment and Wages (QCEW) — county-level wage data by industry
- DOL Wage and Hour Division — federal wage compliance and minimum wage
Disclaimer: Bank of America compensation data is aggregated from multiple sources and reflects general patterns, not guaranteed offers. Actual salaries vary based on level, location, negotiation, performance, and equity vesting. For personalized career advice, consult HR professionals or executive coaches. For job offers, always negotiate based on multiple data points and your unique value.
Reviewed by Brazora Monk · Salary data last updated May 19, 2026 · Page reviewed May 26, 2026 · BLS data current as of latest annual release
Bank of America Salary FAQ
What is the average salary at Bank of America in 2026?
The average salary at Bank of America is $121,401 per year in 2026. Entry-level positions start around $60,701, while senior professionals earn up to $182,102. Total compensation including bonuses and equity averages $157,821.
What benefits does Bank of America offer?
Bank of America offers a comprehensive benefits package including Health/dental/vision, 401k match 100%, 401k match 50%, and 2 more benefits. The company also offers stock options or equity compensation. The average bonus is approximately 37% of base salary.
What are the highest paying roles at Bank of America?
The highest paying roles at Bank of America include Investment Banker ($158,000), Actuary ($127,000), Relationship Manager ($112,000). Executive-level positions can earn up to $327,783 or more annually.
How does Bank of America compare to other Finance companies?
Bank of America has a 3.7/5.0 employee rating and $121,401 average salary. Compared to peers like JPMorgan Chase and Citigroup, it offers competitive compensation in the Finance sector.
Is Bank of America a good company to work for?
Bank of America has a 3.7/5.0 overall rating and 3/5.0 work-life balance score. Employees give the company above-average ratings. The company is headquartered in Charlotte, NC and was founded in 1904, employing 213K people worldwide.
What is the total compensation at Bank of America?
Total compensation at Bank of America averages $157,821 per year, which includes base salary ($121,401), bonuses (approximately 37% of base), and equity or long-term incentive grants. Senior and executive roles can see significantly higher total compensation packages.
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