Today, Bank of America announced it has raised its U.S. minimum hourly wage to $22 as a next step in the company’s plans to increase to $25 by 2025. Show
This builds on the company’s history of being a national leader in establishing a minimum rate of pay for its U.S. hourly employees. In the last five years, Bank of America raised the minimum hourly wage to $15 in 2017; in 2019 it rose to $17; in 2020, to $20 — and in October 2021, to $21. The company’s increase to paying $22 per hour, effective end of June, will increase annualized salary for full-time employees to more than $45,000. “Our focus on being a great place to work is core to everything we do and underscores the role our teammates play in our success,” said Sheri Bronstein, chief human resources officer at Bank of America. “We continue to invest in our teammates and their priorities through competitive pay; industry-leading benefits and resources for physical, emotional and financial wellbeing; long-term career development tools and programs; and in our diversity, equity and inclusion efforts across the company, so that we continue to attract and retain the best talent.” Bank of America’s efforts have been recognized by a number of external organizations including LinkedIn’s “Top Companies in the U.S.” and Fortune’s “100 Best Companies to Work For” list for four consecutive years. This press release is also available in Spanish, Chinese, Korean, Vietnamese, and Japanese. At Bank of America, we’re guided by a common purpose to help make financial lives better, through the power of every connection. We’re delivering on this through responsible growth with a focus on our environmental, social and governance (ESG) leadership. ESG is embedded across our eight lines of business and reflects how we help fuel the global economy, build trust and credibility, and represent a company that people want to work for, invest in and do business with. It’s demonstrated in the inclusive and supportive workplace we create for our employees, the responsible products and services we offer our clients, and the impact we make around the world in helping local economies thrive. An important part of this work is forming strong partnerships with nonprofits and advocacy groups, such as community, consumer and environmental organizations, to bring together our collective networks and expertise to achieve greater impact. Learn more at about.bankofamerica.com, and connect with us on Twitter (@BofA_News). For more Bank of America news, including dividend announcements and other important information, register for news email alerts. Eliza Murphy, Bank of America { "name": "Native_infosite_salaries_fluid_en-AU","id": "div-AdSlot-laaf2y9k", "fluid": true } { } Job Function
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Add your salary. The community relies on everyone sharing. About$62K - $67K/yrAvg. Total Pay About$62K - $68K/yrBase Pay About$84K - $91K/yrAvg. Total Pay About$83K - $90K/yrBase Pay About$259K - $283K/yrAvg. Total Pay About$210K - $227K/yrBase Pay About$48K - $52K/yrAdditional Pay About$150K - $161K/yrAvg. Total Pay About$147K - $162K/yrBase Pay About$97K - $104K/yrAvg. Total Pay About$97K - $103K/yrBase Pay About$136K - $144K/yrAvg. Total Pay About$135K - $145K/yrBase Pay About$270K - $293K/yrAvg. Total Pay About$191K - $208K/yrBase Pay About$77K - $83K/yrAdditional Pay About$110K - $121K/yrAvg. Total Pay About$111K - $121K/yrBase Pay About$126K - $135K/yrAvg. Total Pay About$115K - $124K/yrBase Pay About$10K - $10K/yrAdditional Pay About$192K - $209K/yrAvg. Total Pay About$190K - $208K/yrBase Pay About$72K - $79K/yrAvg. Total Pay About$72K - $78K/yrBase Pay About$71K - $77K/yrAvg. Total Pay About$71K - $77K/yrBase Pay About$107K - $115K/yrAvg. Total Pay About$107K - $116K/yrBase Pay View Data as Table Bank of America Salaries
Bank of America Salary FAQsThe average Bank of America salary ranges from approximately $102,720 per year for an Analyst to $129,892 per year for an Associate. Bank of America employees rate the overall compensation and benefits package 4.0/5 stars. The highest-paying job at Bank of America is an Associate with a salary of $129,892 per year. The lowest-paying job at Bank of America is an Analyst with a salary of $102,720 per year. Popular Careers with Bank of America Job SeekersWork at Bank of America? Share Your ExperiencesWhich bank pays the most to tellers?Top companies for Tellers in United States. Umpqua Bank. 3.4 $21.30per hour. 331 reviews65 salaries reported.. JPMorgan Chase & Co. 3.9 $21.09per hour. 17,748 reviews5 salaries reported.. Investors Bank. 3.4 $20.61per hour. ... . M&T Bank. 3.5 $19.43per hour. ... . First Citizens Bank. 3.4 $19.30per hour. ... . Show more companies.. What are the highest paying jobs at Bank of America?Highest Paying Jobs At Bank of America. Which bank in USA pays the most?Perhaps not too surprisingly, Goldman Sachs pays both VPs and financial analysts more than any other bank. Vice presidents at Goldman score a base salary of $165,424 a year, on average, while financial analysts make $74,958.
How much does an associate at Bank of America make?Average Bank of America Banking Associate hourly pay in the United States is approximately $23.92, which is 39% above the national average. Salary information comes from 18 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months.
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