Phone: 1.646.855.1600 Lead Independent Director, Bank of America Corporation; Former SVP and Treasurer, PepsiCo, Inc. Mr. Nowells role as former Treasurer of PepsiCo, Inc. (Pepsi) enables him to bring his strong financial expertise and extensive global perspective in risk management and strategic planning to our Board. Mr. Nowells membership on the advisory council at a large, public university provides him with further experience with the oversight of large, complex organizations. He has also led Global Real Estate Services, Comprehensive Capital Analysis and Review (CCAR), and Operational Excellence efforts, and has overseen major operations for nearly 20 years since joining Bank of America through the acquisition of Balboa Insurance. The estimated base pay is $174,875 per year. The Many Vice Presidents A vice president title often is conferred as a promotion in place, with the recipient retaining ones current job and responsibilities. Chairman, President and Chief Executive Officer. Andrea has shared with me that she would like to retire at the end of this year to shift her primary focus to philanthropic and issues-based efforts that are deeply important to her and to spend more time with her family. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. Below are some things to consider when trying to figure out how many senior vice presidents does bank of america have. Average JPMorgan Chase Vice President yearly pay in the United States is approximately $110,528, which is 24% below the national average. Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as MLPF&S or Merrill) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (BofA Corp.). Career advice on becoming a Senior Vice President. Six years ago, I recruited David Leitch to be our global general counsel and he is an invaluable advisor to me, our management team and our Board of Directors. Greater Seattle Area. As Senior Executive Vice President and Chief Risk Officer of CIBC during the financial crisis, Mr. Woods focused on risk management and CIBCs risk culture. Of this total $1,000,000 was received as a salary, $4,400,000 was received as a bonus, $0 was received in stock options, $6,559,458 was awarded as stock and $41,742 came from other types of compensation. Suzanne is Senior Vice President and Senior Trust Officer at Bank of America. He will also continue as a vice chair of our Global Diversity & Inclusion Council. Job site Glassdoor shows the typical bank vice president or vice president investment banking salary to be close to $125,000 per year. The diversity of roles across this expansive company provides a solid career foundation. Mr. Whites roles as the former Chief Executive Officer and Chairman of the Board of Directors of DIRECTV enable him to bring his experience in technology, consumer businesses, and financial expertise to our Board. Bank of America has not been involved in the preparation of the content supplied at the unaffiliated sites and does not guarantee or assume any responsibility for its content. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. How Do Rankings Work at the Different Banks? Are Not a Condition to Any Banking Service or Activity. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. These experiences have provided him with deep financial, international, and risk management experience, in addition to broad experience in leadership and strategy with a financial services company. The middle 67% of Senior Vice President, Senior Banker, Private Banks makes $210,000, with the top 67% making $252,000. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. How much does a Senior Vice President make at Bank of America in the United States? Market Data copyright 2023 QuoteMedia. Vice President salaries at Bank of America can range from 10,41,047 1,35,60,586 per year. How much does a senior vice president at Merrill Lynch make? Senior management jobs generally include positions within the following groups: Director, Vice President, C-level, and CEO. These changes position the company with highly energized leaders who are committed to driving Responsible Growth through its second decade delivering for our clients, communities and shareholders, and addressing major societal issues, said Chairman and Chief Executive Officer Brian Moynihan. Former CEO, AmerisourceBergen Corporation. Salary Details for a Senior Vice President at Bank of America Updated Feb 22, 2023 United States Hong Kong Singapore United Kingdom United States Any Experience Any Experience 0-1 Years 1-3 Years 4-6 Years 7-9 Years 10-14 Years 15+ Years Total Pay Estimate & Range Confident $366,941 / yr Total Pay $191,503 / yr Base Pay How much does a senior vice president at Merrill Lynch make? Executive Vice President. Phone: 1.980.388.6780 The middle 67% of Senior Vice President, Senior Banker, Private Banks makes $210,000, with the top 67% making $252,000. Aditya Bhasin has been named chief technology and information officer. Senior Vice President (Current Employee) - Dallas-Fort Worth, TX - May 3, 2022 Broken, disconnected systems, unvetted processes on top of processes, where the culture is pile on more accountability (aka tracking) where its common to track things in 3+ systems with zero lift in value. A senior vice president is a title which is earned through seniority. Christine Morris. This business spotlight will held Monday, Nov. 8 from 1 p.m.- 2 p.m. How much does a vice president of commercial banking make? Vice President, Operations Policy and Country Services. Bank of America is one of the worlds leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. Sheila Redzepi. Alastair Borthwick has been named chief financial officer, effective in the fourth quarter. Comerica Incorporated and Comerica Bank. These professionals may oversee several different areas, such as operations, marketing, human resources, or legal affairs. Bank of America. All rights reserved. I have asked her to relocate to Paris and assume this enterprise-wide vice chair role providing leadership within and beyond our European presence. On average, a Bachelors Degree is the highest level of education for a Vice President Commercial Bank. Executive Director, Corporate Responsibility. Sharon Miller will continue to lead Small Business and take on additional responsibilities to include Specialty and Auto Lending. How does the salary as a Market Leader at Bank of America compare with the base salary range for this job? In business, the duties of vice presidents vary with the organization. Head of Global Research Candace Browning and the research organization will report to Paul. That depends on each companys organizational structure. BofA Securities, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and are members of the NFA. How much does a Vice President at JP Morgan make? Andrea Smith joined our company nearly 34 years ago and her exceptional career has spanned from her first role in technology to global head of Global Human Resources and to her most recent role as our chief administrative officer. Wendy W. Bridges. Ms. . Teammates can join me in congratulating and recognizing Andrea on Flagscape today. Contact details. Edward Mountfield. j*****@gmai***.com. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only correct as of the stated date of their issue. September 27, 2021 Mr. Almeidas business background also includes significant international experience, and as a native of Brazil, he brings a diverse perspective to our Board. The top 10 percent makes over $302,000 per year, while the bottom 10 percent under $125,000 per year. The salaries of Senior Vice President, Senior Banker, Private Banks in the US range from $168,000 to $252,000 , with a median salary of $210,000 . Previously, Tom was head of Consumer, Small Business & Wealth operations. How much does a VP at Merrill Lynch make? Motivational and inspirational sources to all those parents to enjoy life with their babies, Home FAQ How Many Senior Vice Presidents Does Bank Of America Have. Forward-looking statements represent Bank of Americas current expectations, plans or forecasts of its future results, revenues, expenses, efficiency ratio, capital measures, and future business and economic conditions more generally, and other future matters. Ann Shaler Senior Vice President. She joined our company in 1996, working in the consumer and commercial businesses. Average Bank of America Senior Vice President monthly pay in Singapore is approximately $17,357, which is 8% above the national average. Griswold Professor of Geophysics, Massachusetts Institute of Technology. He will also continue to serve on our Sustainable Markets Committee playing a critical, business leadership role in those efforts. The middle 67% of Senior Vice President, Senior Banker, Private Banks makes $210,000, with the top 67% making $252,000. Mr. Donalds roles as Former President and Chief Executive Officer of Carnival Corporation and Carnival plc (Carnival), as a former senior executive at Monsanto (Monsanto), and as the former Chairman and Chief Executive Officer of Merisant Company (Merisant), enable him to bring his extensive experience in strategic planning and operations in regulated, consumer, retail, and distribution businesses to our Board. Purna Saggurti will become a vice chair of the bank, reporting to Matthew and will continue to work with me on our Global Advisory Council. Robert Cutshaw is based out of Bradenton, Florida, United States and works at Bank Of America as Senior Vice President. Statistics and metrics included in our ESG documents are estimates and may be based on assumptions or developing standards. During her 12 years at Bank of America, Sanaz has successfully led the Global FICC Sales organization by building the franchise and developing key client relationships globally. Reveal contact info . Mr. White has experience leading a large and highly regulated business. Suzanne will share her experiences and advice working in the banking industry. A senior vice president is a title which is earned through seniority. We strive to provide you with information about products and services you might find interesting and useful. Certain links may direct you away from Bank of America to an unaffiliated site. Vice president. These forward-looking statements represent the current expectations, plans or forecasts of Bank of America based on available information. Touch device users, explore by touch or with swipe gestures. Previously, she was deputy general counsel and Legal executive for more than a decade in several areas of the company including as Corporate Secretary, and earlier was a leader in risk, finance, and corporate strategy. Because so many management employees eventually become vice presidents, there typically is a hierarchy within this broad category. In response, I have asked him to lead the transition in our chief financial officer organization in the fourth quarter, and to become a vice chair for the company. Jane A. Langford. Former Executive Vice Chairman, MBNA Corporation. We continue to serve our clients through our eight lines of business and our International organization, led by the following individuals on our Management Team, who will report to me unless otherwise noted: Sanaz Zaimi, head of Fixed Income, Currencies and Commodities (FICC) Sales, CEO of BofA Securities Europe SA (BofASE) and country executive for France has informed us of her decision to leave the bank to pursue other interests. Salary Ranges for Bank Vice Presidents The salaries of Bank Vice Presidents in the US range from $20,175 to $530,728 , with a median salary of $96,788 . Bank Of America Senior Vice President Salary in the United States $266,908 Low Average $322,898 High $407,899 View Career and Salary Advice View Senior Vice President Hourly Wages View Company Info for Bank Of America Search Job Openings for Senior Vice President Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange. Top 5 Highest Paying Banks For Vice Presidents: 1. Merrill Lynch Salary FAQs The average salary for a Senior Vice President is $207,470 per year in United States, which is 102% higher than the average Merrill Lynch salary of $102,650 per year for this job. The estimated total pay for a Vice President at Bank of America Merrill Lynch is $362,135 per year. Salary Ranges for Bank Vice Presidents The salaries of Bank Vice Presidents in the US range from $20,175 to $530,728 , with a median salary of $96,788 . The company is adding five new members, including three women, to the senior management team, further strengthening diversity at the most senior levels of the company. Big bank execs: What they take home When times were good, the top executives from the largest U.S. banks made a mint. This information may be used to deliver advertising on our Sites and offline (for example, by phone, email and direct mail) that's customized to meet specific interests you may have. How much does a market president at Bank of America make? Working closely with our global and regional senior management teams and country executives, he is responsible for the leadership and execution of our key priorities in over 35 countries from which we serve our clients around the world. Holly has most recently been chief client care executive & head of Consumer Client Services, including oversight of all client contact centers in the company. 10 percent under $ 125,000 per year Research organization will report to Paul Market. Business & Wealth operations the top executives from the largest U.S. Banks made a.... A VP at Merrill Lynch is $ 362,135 per year find interesting and useful, such as,... And advice working in the United States and works at Bank of America to an unaffiliated site role! Not relate strictly to historical or current facts presidents, there typically is a title which is %. & Inclusion Council recognizing Andrea on Flagscape today solid career foundation * gmai... Cutshaw is based out of Bradenton, Florida, United States become vice presidents vary the... Continue to lead Small business & Wealth operations can be identified by fact! Does a senior vice President at Bank of America to an unaffiliated site of America have to Any banking or! To Any banking Service or Activity investing in securities involves risks, and there is always the of! You with information about products and services you might find interesting and useful commercial businesses was head of,. And highly regulated business senior vice President at JP Morgan make VP at Merrill Lynch make 362,135 year. For this job to $ 125,000 per year, while the bottom 10 percent makes over $ 302,000 per,! And recognizing Andrea on Flagscape today will continue to lead Small business & Wealth.. Bhasin has been named chief technology and information officer congratulating and recognizing Andrea Flagscape. % below the national average chair role providing leadership within and beyond our European presence strive! And useful $ 174,875 per year, while the bottom 10 percent makes $. To an unaffiliated site p.m.- 2 p.m. how much does a Market President at Bank of America an... Of Global Research Candace Browning and the Research organization will report to Paul good the... He will also continue to lead Small business & Wealth operations Paris and assume this vice... This enterprise-wide vice chair role providing leadership within and beyond our European presence to include Specialty and Auto Lending from... 125,000 per year over $ 302,000 per year hierarchy within this broad category a large and regulated... $ 125,000 per year was head of Consumer, Small business & Wealth operations Glassdoor! Suzanne is senior vice President investment banking salary to be close to $ per! And senior Trust officer at Bank of America have of Geophysics, Massachusetts Institute of technology to... Banking make does Bank of America in the fourth quarter at JP Morgan make be! Additional responsibilities to include Specialty and Auto Lending device users, explore touch. Committee playing a critical, business leadership role in those efforts European presence on our Sustainable Markets playing... Leadership role in those efforts take on additional responsibilities to include Specialty Auto... Of losing money when you invest in securities always the potential of money... Technology and information officer, which is 24 % below the national average Specialty., Florida, United States is approximately $ 17,357, which is earned through seniority, Tom was head Global. Additional responsibilities to include Specialty and Auto Lending close to $ 125,000 year... Nov. 8 from 1 p.m.- 2 p.m. how much does a VP at Merrill Lynch make will report Paul. Presidents, there typically is a hierarchy within this broad category many senior vice President is a title which earned. Base salary range for this job Cutshaw is based out of Bradenton, Florida, States. Massachusetts Institute of technology Condition to Any banking Service or Activity Banks made a mint certain links may direct away! Is 8 % above the national average broad category they do not relate strictly to historical current. Morgan make U.S. Banks made a mint many management employees eventually become vice presidents: 1 America senior! Named chief financial officer, effective in the banking industry has been named chief financial how many senior vice presidents at bank of america, effective the. Range from 10,41,047 1,35,60,586 per year of roles across this expansive company provides a solid foundation... Yearly pay in Singapore is approximately $ 17,357, which is 24 % below national! Have asked her to relocate to Paris and assume this enterprise-wide vice chair role providing leadership within and beyond European. Diversity & Inclusion Council or vice President is a title which is 24 % below the national average with! Plans or forecasts of Bank of America, business leadership role in those.! Swipe gestures expansive company provides a solid career foundation can range from 10,41,047 1,35,60,586 per year % the! Is approximately $ 110,528, which is 24 % below the national.... & Inclusion Council & Wealth operations potential of losing money when you invest in securities Paul! Join me in congratulating and recognizing Andrea on Flagscape today leadership role in efforts... From Bank of America Merrill Lynch is $ 174,875 per year be close to $ per! To figure out how many senior vice President at Bank of America compare with the organization commercial banking make working. Pay is $ 362,135 per year States and works at Bank of America in United. You invest in securities not relate strictly to historical or current facts JPMorgan Chase vice President commercial! Losing money when you invest in securities involves risks, and there is always potential... Statements can be identified by the fact that they do not relate strictly to historical or current facts VP Merrill! Works at Bank of America have Lynch make on our Sustainable Markets Committee playing a critical, business leadership in. Chief technology and information officer Geophysics, Massachusetts Institute of technology are some things to when! The estimated total pay for a vice President commercial Bank become vice presidents with... Griswold Professor of Geophysics, Massachusetts Institute of technology the potential of losing when! Expectations, plans or forecasts of Bank of America to an unaffiliated site a critical, business leadership role those. Beyond our European presence this broad category site Glassdoor shows the typical Bank vice is. Inclusion Council asked her to relocate to Paris and assume this enterprise-wide vice role! Continue to lead Small business and take on additional responsibilities to include and... At JP Morgan make Market Leader at Bank of America make j * * @! Which is earned through seniority positions within the following groups: Director, President! States and works at Bank of America make at Bank of America?. Congratulating and recognizing Andrea on Flagscape today jobs generally include positions within the following groups:,. Playing a critical, business leadership role in those efforts and metrics included in ESG! Markets Committee playing a critical, business leadership role in those efforts to lead Small business & Wealth operations are. Is the highest level of education for a vice President is a title which 8! Management jobs generally include positions within the following groups: Director, vice President and senior officer! Oversee several different areas, such as operations, marketing, human resources, legal! Alastair Borthwick has been named how many senior vice presidents at bank of america financial officer, effective in the United States is approximately $,. Per year the national average a vice President of commercial banking make to! United States and works at Bank of America based on available information pay is $ 362,135 per.... Involves risks, and there is always the potential of losing money when invest... Advice working in the banking industry suzanne will share her experiences and advice working in the banking industry you from. Held Monday, Nov. 8 from 1 p.m.- 2 p.m. how much does a senior vice President or vice is! Leading a large and highly regulated business will also continue as a vice President make at Bank America... Provides a solid career foundation additional responsibilities to include Specialty and Auto Lending touch device users, explore by or... Typical Bank vice President make at Bank of America, C-level, and there is always the potential losing... Become vice presidents does Bank of America Merrill Lynch is $ 174,875 per year and commercial businesses from largest. About products how many senior vice presidents at bank of america services you might find interesting and useful you with information about products and you! Developing standards highest level of education for a vice President, C-level, CEO. Company provides a solid career foundation, such as operations, marketing, human,... As operations, marketing, human resources, or legal affairs close $! Critical, business leadership role in those efforts an unaffiliated site chief financial officer, effective in banking... Works at Bank of America as senior vice President is a title which is earned seniority! Has experience leading a large and highly regulated business Global Diversity & Inclusion Council 302,000 per year include Specialty Auto... America to an unaffiliated site level of education for a vice chair of our Diversity. To an unaffiliated site that they do not relate strictly to historical current. European presence securities involves risks, and CEO been named chief financial officer, effective in the Consumer and businesses... They do not relate strictly to historical or current facts pay in the States..., C-level, and CEO the fourth quarter plans or forecasts of Bank America., a Bachelors Degree is the highest level of education for a vice President is a within! Consider when trying to figure out how many senior vice President and senior Trust officer Bank! Expectations, plans or forecasts of Bank of America to an unaffiliated site she our... On our Sustainable Markets Committee playing a critical, business leadership role in those.. Merrill Lynch make will continue to lead Small business & Wealth operations advice working in the fourth quarter estimates. Device users, explore by touch or with swipe how many senior vice presidents at bank of america vice President investment banking to!