Bank of America Corporation
Bank of America Corporation

Bank of America Corporation

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Bank of America Corporation High Paying Jobs, Compensation Information and Expert Network Connections

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The Bank of America Corporation is an American multinational investment bank and financial services holding company headquartered in Charlotte, North Carolina. The bank was founded in San Francisco, and took its present form when NationsBank of Charlotte acquired it in 1998. It is the second largest banking institution in the United States, after JPMorgan Chase, and the eighth largest bank in the world. Bank of America is one of the Big Four banking institutions of the United States. It serves approximately 10.73% of all American bank deposits, in direct competition with JPMorgan Chase, Citigroup and Wells Fargo. Its primary financial services revolve around commercial banking, wealth management, and investment banking.

One branch of its history stretches back to Bank of Italy, founded by Amadeo Pietro Giannini in 1904, which provided various banking options to Italian immigrants who faced service discrimination. Originally headquartered in San Francisco, California, Giannini acquired Banca d'America e d'Italia in 1922. The passage of landmark federal banking legislation facilitated a rapid growth in the 1950s, quickly establishing a prominent market share. After suffering a significant loss after the 1998 Russian bond default, BankAmerica, as it was then known, was acquired by the Charlotte-based NationsBank for US$62 billion. Following what was then the largest bank acquisition in history, the Bank of America Corporation was founded. Through a series of mergers and acquisitions, it built upon its commercial banking business by establishing Merrill Lynch for wealth management and Bank of America Merrill Lynch for investment banking in 2008 and 2009, respectively.

Highest paying job titles at Bank of America Corporation include Software Engineer, Finance Manager, and Risk Manager

Snapshot

Employees212,000
Market Cap$379.2 billion
5 Year Trendarrow trend up+0.8%
Net Income$17.8 billion
NYSEBAC
Founded1998
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Total value of jobs:
$1,625,890,000
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Total Jobs:
502
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Average Pay:
$116,534
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Total Experts:
458
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% Masters:
34%

Top Experts at Bank of America Corporation

Bank of America Corporation Compensation

Software Engineer

$40K

$225K

Average Compensation:$112,709

Finance Manager

$40K

$250K

Average Compensation:$92,445

Risk Manager

$40K

$250K

Average Compensation:$143,575

Quantitative Analyst

$50K

$250K

Average Compensation:$103,506

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