Average Senior Vice President Salary $194,770 Yearly $93.64 hourly $125,000 10% $194,000 Median $302,000 90% See More Salary Information What Am I Worth? Some companies also use the term B-level executive to describe mid-level managers. Neither of these is an easy transition, especially for. If you prefer that we not use this information, you can opt out of online behavioral advertising. His experience heading The Executive Leadership Council and the Juvenile Diabetes Research Foundation International gives him a distinct perspective on governance matters, social responsibility, and diversity. Dean joined our company in 1996, and since that time has held senior, increasing leadership roles across consumer, preferred, small business, corporate lending, corporate strategy, and technology. All rights reserved. Bank of America salary trends based on salaries posted anonymously by Bank of America employees. The middle 57% of Bank Vice Presidents makes between $96,790 and $241,095, with the top 86% making $530,728. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation, offer or solicitation for the purchase or sale of any security, financial instrument, or strategy. Comerica Incorporated and Comerica Bank. Is SVP higher than VP? 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 . Career advice on becoming a Senior Vice President. Gail Caldwell Accountant at Nationwide Building Society Swindon . You work in a bank or other financial institution and focus on both customer service and financial tasks. Phone: 1.646.855.1195 (office), 508.843.5626 (mobile) Vice President, Development Finance. Usually Vice Presidents (VPs) and Senior Vice Presidents (SVPs) report to C-level executives. How much does a vice president of commercial banking make? Reveal email . Bank of America Senior Vice Presidents earn $153,000 annually, or $74 per hour, which is 1% lower than the national average for all Senior Vice Presidents at $155,000 annually and 79% higher than the national salary average for all working Americans. Jim DeMare, president of Global Markets will continue to lead this business, inclusive of equity and fixed income sales and trading and client coverage on a global basis, as well as Global Commercial Real Estate. Average Bank of America Director yearly pay in the United States is approximately $158,632, which is 80% above the national average. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have . She joined our company in 1996, working in the consumer and commercial businesses. What is assistant vice president? Senior Vice President at Bank Of America. As a Senior Vice President (SVP) of commercial lending, you oversee the handling of commercial loans. Average Bank of America Senior Vice President yearly pay in the United States is approximately $193,002, which is 10% above the national average. Content contained herein may have been produced by an outside party that is not affiliated with Bank of America or any of its affiliates (Bank of America). How much does a VP at Merrill Lynch make? 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. Geoff Greener continues as chief risk officer and has announced Amy Littman will become head of Global Compliance & Operational Risk, reporting to him. This role directly builds on Pauls deep experience, expertise and relationships and will help drive these critical efforts forward for all those we serve. How much do Bank Executive Vice Presidents make? Relationship-based ads and online behavioral advertising help us do that. Average Capital One Vice President yearly pay in the United States is approximately $182,349, which is 25% above the national average. t*****@gmai***.com. We established the path forward for our company nearly 12 years ago as we emerged from the global financial crisis with our focus on Responsible Growth. Through his public company board service, he has experience in governance, financial reporting, accounting of large international and regulated businesses, and board leadership. Are Not Bank Guaranteed. He has worked tirelessly in our company for 22 years and in our industry for more than 30 years. Salary information comes from 3 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months. Ms. . Ms. Ramos public company board service provides her with experience in governance and sustainability, and insight into key issues facing complex, global businesses. Timothy Farrell is based out of New York, New York, United States and works at Bank Of America as Senior Vice President. Typically, senior managers are higher than vice presidents, although many times a senior officer may also hold a vice president title, such as executive vice president and chief financial officer (CFO). How much does a Vice President at JP Morgan make? Contacts. The life of an investment bank vice president centers on two responsibilities: completing pitch books and managing client relationships. Bank of America offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services. Only in the 19th century, the bank office was a separate company and today it's one insignificant part of a huge corporation. 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. As a former Chairman and Global Head of Private Management, and member of the Group Executive Committee of Deutsche Bank, Mr. de Weck has broad experience in risk management and strategic planning, and brings a valuable international perspective to our companys business activities, including through his service on the Board of Directors of MLI and BofA Securities Europe S.A. (BofASE), our French broker- dealer subsidiary. What is the average salary of Bank of America Senior Vice President? When autocomplete results are available use up and down arrows to review and enter to select. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. In her role as Vice President for Research at Massachusetts Institute of Technology (MIT), Dr. Zuber oversees multiple laboratories and research centers and is also responsible for intellectual property and research integrity and compliance, as well as research relationships with the federal government. The average pay for a Vice President Commercial Bank is $154,462 a year and $74 an hour in the United States. 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. Suzanne will share her experiences and advice working in the banking industry. Griswold Professor of Geophysics, Massachusetts Institute of Technology. Average Bank of America Senior Vice President monthly pay in Singapore is approximately $17,357, which is 8% above the national average. Keeping this in consideration,what is the salary of vice president of bank of america? Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation ("Investment Banking Affiliates"), including, in the United States, BofA Securities, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, and Merrill Lynch Professional Clearing Corp., all of which are registered broker-dealers and Members of SIPC, and, in other jurisdictions, by locally registered entities. Hierarchy. How much does a Senior Vice President make at Bank of America in the United States? Bank of America CEO Brian Moynihan plans to stay through. College Futures Foundation is a charitable foundation focused on increasing the rate of bachelors degree completion among California student populations who are low-income and have had a historically low college success rate, Served as Chair of the Board of Directors of U.S. Hispanic Media Inc., the parent company of ImpreMedia, a leading Hispanic news and information company, from June 2014 to January 2016, Served as Chairman of ImpreMedia from July 2012 to January 2016, Chief Executive Officer from May 2010 to May 2014, and Senior Vice President from January 2004 to May 2010, Served as Publisher of La Opinin, a subsidiary of ImpreMedia and the leading Spanish- language daily print and online newspaper in the U.S., from 2004 to May 2014, and Chief Executive Officer from 2004 to July 2012, Lead Independent Director of the Board of Directors of Target Corporation and member of its Governance & Sustainability Committee, Chair of its Compensation & Human Capital Management Committee, Member of the Board of Directors of Apple Inc. and its Audit and Finance Committee, Member of Californias Task Force on Jobs and Business Recovery, Served as a member of President Obamas Council on Jobs and Competitiveness from 2011 to 2012 and served on President Obamas Economic Recovery Advisory Board from 2009 to 2011, Serves on and Former Chair of the Board of Directors of the Weingart Foundation, Served as the Chair of the Board of Regents of the University of California, as a member of the Board of Trustees of The Rockefeller Foundation, as a member of the Board of Trustees of the University of Southern California, and as a member of the State of California Commission on the 21st Century Economy, Former Chief Executive Officer and President of ITT, a diversified manufacturer of critical components and customized technology solutions, from 2011 to 2019; Senior Vice President and Chief Financial Officer of ITT from 2007 to 2011, Served as Chief Financial Officer for Furniture Brands International, a former home furnishings company, from 2005 to 2007, Served in various roles at Yum! You can also find corporations placing a senior vice president in strategic roles within the company to ensure its success. Bank of America Salary FAQs The average salary for a Senior Vice President is $192,196 per year in United States, which is 20% lower than the average Bank of America salary of $241,607 per year for this job. 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.). An executive vice president is higher ranking than a senior VP, and generally has executive decision-making powers. He has also taught and written extensively about financial services as a faculty member at the Harvard Business School. Vice president. Jun 2014 - Present8 years 10 months. Phone: 1.980.388.6780 A senior vice president is a title which is earned through seniority. From 2012 to 2017, he served as the Judith and John Bedrosian Chair in Governance and the Public Enterprise at the University of Southern California's Sol Price School of Public Policy. There is some variation depending on division, though. Dr. Roses PhD research and studies at the University of Pennsylvania in sociology with a focus on issues of race in America, and leadership of diversity, equity, and inclusion initiatives at JPMorgan Chase, gives him insight into human capital management issues, including diversity, equity, and inclusion. Bernard Hampton Managing Director, Preferred Banking Executive. Ms. Hudsons career in the defense and aerospace industry gives her knowledge of technology risks such as cybersecurity risk. 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 Many Senior Vice Presidents At Bank Of America. Mr. de Wecks service as Chief Credit Officer of UBS provides him with further credit risk management experience. 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. Lee McEntire, Bank of America If you opt out, though, you may still receive generic advertising. Former Chairman and Global Head of Private Wealth Management, Deutsche Bank AG. Served as Chairman, President and Chief Executive Officer of DIRECTV, a leading provider of digital television entertainment services, from January 2010 to August 2015, and as a director of the company from November 2009 until August 2015, Chief Executive Officer of PepsiCo International from February 2003 until November 2009; and served as Vice Chairman and director of Pepsi from March 2006 to November 2009, after holding positions of increasing importance with Pepsi since 1990. Tom will be responsible for delivering integrated operations solutions for all lines of business, staff support areas, and the broader enterprise including operations teams in our global regions. Raphael W. Bostic (Off-site) took office as the president of the Federal Reserve Bank of Atlanta on June 5, 2017. An assistant vice president is usually a regional director who provides high level management for a highly trained staff. Market Data copyright 2023 QuoteMedia. President of Bowdoin College, 2015 to present. Before acting on any information in this material, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. Our momentum has continued through the healthcare crisis and unprecedented challenges of the past 20 months with your terrific efforts and leadership. Wendy Stewart has been appointed president of Global Commercial Banking, reporting to Dean and joining our Management Team. When an organization has a CEO and president, the VP is usually third in command. Actual outcomes and results may differ materially from those expressed in, or implied by, any forward-looking statements due to a variety of factors. Robin Leopold, Head of Human Resources. 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. Suzanne is Senior Vice President and Senior Trust Officer at Bank of America. 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. Love to see this investment in #STEM at Discovery Place in #Charlotte - this will open so many doors for people who want to work in tech but don't know how to You can also find corporations placing a senior vice president in strategic roles within the company to ensure its success. Are Not a Condition to Any Banking Service or Activity. Mr. Almeidas business background also includes significant international experience, and as a native of Brazil, he brings a diverse perspective to our Board. If organized as a division then the top manager is often known as an executive vice president (EVP). He joined the company in 1995. In these cases, since the VP of operations manages the long-term operational strategizing, and the COO oversees the day-to-day company operations, the company might consider the COO lower ranking than the VP. As I shared with our Board of Directors, it will continue to be my privilege to serve as CEO with them and with you. This long-tenured team of highly energized individuals is committed to drive Responsible Growth, delivering for our clients, communities, and shareholders and addressing major societal issues. Are Not Insured by Any Governmental Agency. Von E. Hays. 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. How much does a Vice President at JP Morgan make? Senior management jobs generally include positions within the following groups: Director, Vice President, C-level, and CEO. Latest update. Insurance and annuity products are offered through Merrill Lynch Life Agency Inc. (MLLA), a licensed insurance agency and wholly-owned subsidiary of BofA Corp. Investment products offered through MLPF&S and insurance and annuity products offered through MLLA: "Bank of America" is the marketing name for the global banking and global markets business of Bank of America Corporation. Opinions or ideas expressed are not necessarily those of Bank of America nor do they reflect their views or endorsement. After more than six years in his current role, Paul has expressed his desire to contribute to our organization in new ways going forward, in line with his priorities for the next phase of his career. 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The diversity of roles across this expansive company provides a solid career foundation. Daniel Pinto, President and COO, JPMorgan Chase CEO, Corporate & Investment Bank, J.P. Morgan. jessica.oppenheim@bofa.com, Jerry Dubrowski, Bank of America Mr. White has experience leading a large and highly regulated business. Bank of America. Marianne Lake, Co-CEO of Consumer & Community Banking. 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.). 2023 Bank of America Corporation. Hierarchy. As our Chief Executive Officer, Mr. Moynihan conceived of and leads our approach to Responsible Growth, based on driving a straightforward business model serving three client groups with core financial services, which has delivered record earnings and significant capital return to shareholders. 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