Bank Of America Small Business Consultant Salary
Bank Of America Small Business Consultant Salary – How We Are Organized We are a financial services company that offers a wide range of capabilities across multiple functions. Our focus on the financial success of our clients—individuals, companies, and institutional investors—shapes the way we organize ourselves and the way we do business. Browse below to learn more about our groups, their purpose and structure.
Employees in banking, marketing and finance roles work directly with US individual clients as well as corporate and institutional clients worldwide.
Bank Of America Small Business Consultant Salary
Our business support staff work in teams of professionals to ensure the day-to-day operations of our organization are strategic, efficient and successful.
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Technology and operations personnel help provide the infrastructure, technology platforms, and information security capabilities that are critical to our ability to serve our customers.
You can now click the Back to Bank of America button to return to the previous page, or use the Back button on your browser after you’ve left. The average banker salary is 53, 211 years. To determine our salaries, we use published data from publicly available sources such as the US Bureau of Labor Statistics (BLS), the Foreign Labor Certification Information Center (FLC)
Bank of America pays the lowest earners $26,000,000 a year, while the top 10 percent are paid more than $107,000,000.
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Different jobs at Bank of America earn different salaries. Engineering workers earn an average salary of $99,334. The average salary for marketing jobs is $81,382.
Because of changes in the cost of living, location affects how much Bank of America pays its employees. Bank of America pays the highest salaries to employees in New York, NY and Jersey City, NJ.
While the average salary for employees at Bank of America is $53,211, there is wide variation in salary depending on the role. Some of the highest paying job titles at Bank of America are vice president of finance, consulting systems engineer, bank center manager, and senior software engineer. The typical financial vice president salary at Bank of America is $121,014 per year. Other positions at Bank of America include cashier and information clerk. A Bank of America teller earns an average salary of $32,920 per year.
Bank of America’s competitors include Merrill Lynch, American Express, and Bank of the West. Merrill Lynch employees earn more than most of the competition with an average annual salary of $87,121. American Express employees earn an average of $86,421 a year, while Bank of the West employees earn an average of $83. , 013 in the year
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It’s no secret that workers earn different wages in different parts of the country, as the cost of living may be higher in some areas. At Bank of America, employees are paid different salaries depending on their location. Our data shows that Bank of America employees in New York City are the highest paid, with an average annual salary of $68,810. That compares to Jersey City, where Bank of America employees earn an average salary of $67. 302.
Salaries at Bank of America can vary by department or organizational function. Employees in the engineering organizational function are the highest paid at Bank of America, with an average annual salary of $99,334. Employees working in the marketing department also earn high salaries, with an average annual salary of $81,382. . The organizational function at Bank of America, the lowest-paid employee, is retail, with an average annual salary of $35,715. Customer service is the lowest-paid organizational function at Bank of America, with workers earning $37,669 a year.
No, the payment is not good at Bank of America. The average annual salary at Bank of America is $53,211, which is 11.94% lower than the industry average of $60,425.
Bank of America pays $53,211 a year compared to Wells Fargo, which pays $419,599. It pays $25.58 an hour at Bank of America and $20.00 an hour at Wells Fargo.
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Provides an in-depth look at Bank of America details such as salaries, political affiliations, employee information, and more to inform job seekers about Bank of America. Employee information is based on self-reported past or current employment with Bank of America. The information on this site is based on data sources collected from open and public data sources on the Internet and elsewhere, as well as proprietary data that we have licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private databases. While we endeavor to ensure the accuracy of the information presented, we are not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this site is provided or endorsed by Bank of America. The information presented on this site does not necessarily reflect the views of Bank of America or its employees.
Bank of America, as well as Bank of America Securities LLC, Bank of America, Bank of America, Bank of America Corporation, Bank of America, N.A. and may be named or associated with america merrill lynch. What is an investment bank? What is an investment bank? Industry Investment Banking History Investment Banking Organizational Structure Investment Banking Career Paths Investment Banking FAQ Underwriting and Capital Raising
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Investment banking analysts are typically hired into a two-year program straight out of college, sometimes extending into a third year.
The average “all-in” PC for 1st year investment banking analysts ranges from $170,000 to $190,000,000.
The table below summarizes the average compensation for an analyst in year 1, year 2, and, rarely, year 3.
Traditionally, investment banking analysts receive their first annual bonus in full 12 months after joining and do not move to calendar year bonuses until they are compounded (“a-a”).
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However, firms are moving to a “stub year” model for IB analysts to change their bonuses by the end of the December calendar. In this case, analysts receive a “small” stub at the end of the first calendar year (typically 5 months after earning $30,000-$35,000), with the next bonus coming 12 months later.
As in the US, there is a standard base: in London, almost all firms now offer £65k to £70k for 2nd and 3rd year analysts.
Salaries in smaller European financial centers such as Switzerland, Frankfurt and Zurich are comparable to London after adjusting GBP to EUR.
Top performers receive 100% of their base as a bonus (in some rare cases even 105%), while the weakest analysts receive 70% of base pay at most firms.
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At many firms, placing at the bottom of the team is a not-so-subtle indicator that you won’t be promoted down the road to join.
How analysts compare to others in the group—as opposed to how different they are relative to other groups or other firms—is the most important indicator of a firm’s career.
Investment banks build their teams primarily around industries and compete with other firms based on how many deals they make in each industry.
If the analyst is in an industry group that has won many contracts and is profitable for the bank, the bonus pool for that group will be larger than for less successful groups.
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At the end of each year, investment banks deduct a certain portion of the firm’s earnings to compensate employees.
Not all investment banks are the same – a select few, known as multi-billion dollar firms, work on multi-billion dollar deals and are part of a giant global financial institution (eg Goldman Sachs, Morgan Stanley and JP Morgan).
Other so-called elite boutiques work on equally large deals, but only investment banks focus on M&A advisory (e.g., Evercor, Lazard, and Guggenheim).
Finally, others focus on the mid-market. While you can break these down in a number of ways, compensation at the most “selective” firms is usually well-defined:
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As banks increasingly struggle to retain analysts who opt for private equity (despite a more relaxed dress code), the number of analysts continues for a second year.
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