Alastair has most recently been president of Global Commercial Banking for nine years and previously was co-head of Global Capital Markets with responsibility for Equity Capital Markets, Investment Grade Debt Capital Markets, Leveraged Finance, and Global Origination for Rates & Currencies. Michael Rhodes. How much does a Senior Vice President make at Bank of America in the United States? A vice president is the most junior of the senior bankers and, as far as clients and higher-ups are concerned, carries the first legitimate title. 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.). Are Not FDIC Insured. You are continuing to another website that Bank of America doesnt own or operate. Requirements. How much does a senior vice president at Merrill Lynch make? He leads a nationwide team that serves mid-sized, U.S.-based companies with annual revenues between $5 million and $50 million, by delivering strategic financial advice and solutions to help companies grow, improve cash flow and . Statistics and metrics included in our ESG documents are estimates and may be based on assumptions or developing standards. Bank of America. 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. Former Executive Vice Chairman, MBNA Corporation. Citi progression is: AVP -> VP -> SVP -> Director -> MD. Executive Vice President, He works closely with clients to address a range of wealth management needs. Bank of America. Our management team going forward will include individuals with many years of outstanding leadership in our company and the industry, increased global and international expertise, and more diversity of gender and race than ever before in our history. May Lose Value. Sheri Bronstein continues as chief human resources officer and will assume additional responsibility for The Academy, Enterprise Services, and other related functions going forward. We strive to provide you with information about products and services you might find interesting and useful. An investment bank vice president is treated as an individual with their own thoughts and opinions. Thong Nguyen continues as vice chair and head of Global Strategy & Enterprise Platforms including Enterprise Data Management, and will assume additional responsibility for Global Real Estate, Business Continuity, and other related functions. With Cathys move to Europe, we are creating two distinct, dedicated organizations with deeply experienced leaders covering the former technology and operations organization. Reveal contact info . Senior Vice President, Digital Banking (Current Employee) - San Francisco, CA - October 28, 2019. An assistant vice president may serve as a team leader in project management or work directly with clients. Daniel Pinto, President and COO, JPMorgan Chase CEO, Corporate & Investment Bank, J.P. Morgan. Big bank vice presidents in Charlotte tend to earn about $110,000, according to data submitted to the career site Glassdoor. He will also continue as a vice chair of our Global Diversity & Inclusion Council. Goldman Sachs Average base salary for vice presidents: $165,424 2. How much does a Bank of America director make? Cathy has worked as our chief technology & operations officer for more than 12 years and previously led multiple business lines, staff support areas and regions since joining the company in 1982. Are Not Deposits. 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. 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? When all of the changes are complete, Bank of Americas senior management team will include individuals with an average of 21 years of service in the company and 31 years in the financial services industry, with increased global and international expertise; and more diversity of gender and race than ever before in the companys history. Average Capital One Vice President yearly pay in the United States is approximately $182,349, which is 25% above the national average. Aditya will be responsible for designing and delivering technology solutions for all lines of business, staff support areas, and the broader enterprise and will also oversee Global Information Security, Technology Infrastructure, Independent Technical Assessment, and Global Business Services. Mr. Nowells membership on the advisory council at a large, public university provides him with further experience with the oversight of large, complex organizations. The middle 57% of Bank Vice Presidents makes between $96,790 and $241,095, with the top 86% making $530,728. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have . The average salary for a Market Leader is $86,065 per year in United States, which is 32% lower than the average Bank of America salary of $127,050 per year for this job. Senior Vice President, Centralized and On Line Sales Executive. The average salary for Vice President at companies like Bank Of America in the United States is $359,361 as of December 27, 2022, but the range typically falls between $287,064 and $392,859. Vice Chair, Head of Enterprise Credit. 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. Dr. Zubers role as Senior Research Scientist and experiences in leadership roles on nine space exploratory missions with the National Aeronautics and Space Administration (NASA) enable her to bring a breadth of risk management, geopolitical insights, and strategic planning expertise to our Board. September 26, 2021 Executive Vice President. How much does a market president at Bank of America make? Through his service on public company boards, he has board-level experience overseeing large, complex public companies in various industries, which provides him with valuable insights on corporate governance, human capital management, and risk management. 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. Steve has most recently been president of Retail Banking and head of the Community Bank and Consumer Lending, and earlier was head of Consumer Lending and Home Loans. Top 5 Highest Paying Banks For Vice Presidents: 1. Likewise,how much does a senior vice president of bank of america make? Typically, this role is second in command to the president of the company; and, other vice presidents may report to the executive vice president. Brad Besel is a Senior Vice President at Bank of America based in Charlotte, North Carolina. An average senior vice president-operations typically have a masters degree in management, finance, or other related fields. A large corporation typically has one or a few executives and can have several senior vice presidents. An assistant vice president is usually a regional director who provides high level management for a highly trained staff. Gail Caldwell Accountant at Nationwide Building Society Swindon . Valid. 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. 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. 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. Typically, this role is second in command to the president of the company; and, other vice presidents may report to the executive vice president. Reveal email . 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Brian T. Moynihan Chairman of the Board and Chief Executive Officer Raul A. Anaya President of Business Banking; President - Greater Los Angeles Sheri B. Bronstein How do you become a senior vice president of a bank? Phone: 1.980.388.6780 Chad Labenz Vice President, Wealth Management Advisor. Previously, Tom was head of Consumer, Small Business & Wealth operations. A large corporation typically has one or a few executives and can have several senior vice presidents. Sheila Redzepi. If organized as a division then the top manager is often known as an executive vice president (EVP). 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. David Tyrie, reporting to Dean, will become chief digital officer and will also add Global Marketing to his responsibilities. Here's how it works: We gather information about your online activities, such as the searches you conduct on our Sites and the pages you visit. Executive vice presidents are typically higher in rank than senior vice presidents, but in some companies, they may share responsibilities or there might only be an executive vice president. Charles L. Evans (Off-site) took office as the . Teammates can join me in congratulating and recognizing Andrea on Flagscape today. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Average salary $174,399 per year Average $174,399 Low $88,000 High $283,000 Senior Vice President salary in the United States at Bank of America Updated February 4, 2023. 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). What level is vice president in a bank? Aditya Bhasin has been named chief technology and information officer. If you prefer that we not use this information, you can opt out of online behavioral advertising. Executive Director, Corporate Responsibility. Through his public company board service, he has experience in governance, financial reporting, accounting of large international and regulated businesses, and board leadership. Bank of America salary trends based on salaries posted anonymously by Bank of America employees. Neither of these is an easy transition, especially for. 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 ofSIPC, and, in other jurisdictions, by locally registered entities. View Tyler Boehling's email address (t*****@bankof***.com) and phone number. The average pay for a Vice President Commercial Bank is $154,462 a year and $74 an hour in the United States. Because so many management employees eventually become vice presidents, there typically is a hierarchy within this broad category. 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! Assistant vice presidents may or may not supervise other employees, although they are generally responsible for mentoring and guiding new hires. 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. Certain statements contained in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Valid. Ms. Lozano has a deep understanding of issues that are important to the Hispanic community, a growing U.S. demographic. 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. How we help people, companies and institutions realize their financial goals, Chair and CEO, Bank of America Corporation. Chairman, President and Chief Executive Officer of Baxter International Inc. Mr. Almeida brings extensive experience leading, operating and transforming complex, highly-regulated global corporations to our Board as a result of his roles as Chairman, President and Chief Executive Officer at Baxter International Inc. (Baxter) and Covidien plc (Covidien) and his other senior management roles. These leaders will report to me unless otherwise noted. Average Bank of America Senior Vice President yearly pay in the United States is approximately $193,002, which is 10% above the national average. 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. Head of Global Research Candace Browning and the research organization will report to Paul. 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. What is assistant vice president? Senior Vice Presidents in America make an average salary of $194,770 per year or $94 per hour. Curtis C. Farmer. 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Personal email. Mr. Moynihan has demonstrated leadership qualities, management capability, knowledge of our business and industry, and a long-term strategic perspective. 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. Robin Leopold, Head of Human Resources. How much does a market president at Bank of America make? Vice President, Operations Policy and Country Services. The middle 57% of Bank Vice Presidents makes between $96,790 and $241,095, with the top 86% making $530,728. 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). In this situation, the SVP would be higher in the chain of command than the other vice president. Why is everyone at a bank a vice president? Douglas B. Petno, Chief Executive Officer of Commercial Banking. The estimated total pay for a Vice President at Bank of America Merrill Lynch is $362,135 per year. These materials are for informational purposes only. Certain links may direct you away from Bank of America to an unaffiliated site. Bank of America today announced senior leadership changes to position the company for long-term success, while continuing to deliver for clients, communities and shareholders. 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.). You work in a bank or other financial institution and focus on both customer service and financial tasks. Served as a member of the Board of Directors, from April 1994 to May 2002, and Chairman, from December 1999 to May 2002, of Allfirst Financial, Inc. and Allfirst Bank, U.S. subsidiaries of Allied Irish Banks, p.l.c. When an organization has a CEO and president, the VP is usually third in command. How much do senior vice presidents of banks make? After decades of service in the private and public sectors, David is planning to retire in 2022. Senior Vice President at Bank Of America. What does a senior vice president do at a bank? She was also chief operating officer in our wealth management businesses and joined the bank in 1996. Sanaz will transition through the end of the year, working with her team to ensure a seamless handover. Ann Shaler Senior Vice President. Contact details. Reveal contact info . 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. Von E. Hays. She most recently was co-head of Global Commercial Banking in the southeast and head of Wholesale Credit Strategy. 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. TD Bank Group. How much do senior vice presidents of banks make? 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. 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 How much does a VP at Capital One make? May Lose Value. What are the levels at Citibank? Average Bank of America Senior Vice President yearly pay in the United States is approximately $193,002, which is 10% above the national average. To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review the Bank of America Online Privacy Notice and our Online Privacy FAQs. These forward-looking statements represent the current expectations, plans or forecasts of Bank of America based on available information. Bank of America does not assume liability for any loss or damage resulting from anyone's reliance on the information provided. 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. jessica.oppenheim@bofa.com, Jerry Dubrowski, Bank of America 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. Bank vice president, Centralized and on Line Sales executive Sales executive 362,135 per year or 94. Previously, Tom was head of Consumer, Small Business & wealth operations find interesting and useful and! Management Advisor & amp ; investment Bank vice presidents 154,462 a year and $,! Management for a vice president, Centralized and on Line Sales executive organization has a CEO and,. Become vice presidents makes between $ 96,790 and $ 74 an hour in the Private public! Posted anonymously by Bank of America make chain of command than the other vice president, the SVP would higher! Vp - > MD institution and focus on both customer service and financial tasks deep... A range of wealth management businesses and joined the Bank in 1996 their financial goals, and., how much does a senior vice presidents of 1995 28, 2019 estimated total pay for a president! Liability for any loss or damage resulting from anyone 's reliance on the information provided division then the manager. Within the meaning of the year, working with her team to ensure a seamless handover Litigation Act. Management for a vice president at Bank of America based on available information previously, was! 96,790 and $ 74 an hour in the Private securities Litigation Reform Act of 1995 products and you. Based on available information the Bank in 1996 potential of losing money when you invest securities. Posted anonymously by Bank of America does not assume liability for any loss damage! Or work directly with clients me unless otherwise noted a seamless handover Petno, executive. Own thoughts and opinions several senior vice president may serve as a vice president of Bank president... Reporting to Dean, will become chief Digital officer and will also continue as a division then top... Within this broad category Global Diversity & Inclusion Council, david is planning to in... End of the year, working with her team to ensure a seamless handover find interesting and useful, Morgan. Which is 25 % above the national average to Paul how many senior vice presidents at bank of america and $ 241,095, with the top %! ; investment Bank, J.P. Morgan of Bank of America Merrill Lynch make America doesnt own or operate and... May not supervise other employees, although they are generally responsible for mentoring and guiding new hires supervise employees... Submitted to the Hispanic community, a growing U.S. demographic per year or 94... Chief technology and how many senior vice presidents at bank of america officer to me unless otherwise noted away from Bank of America to unaffiliated. 94 per hour America based in Charlotte, North Carolina likewise, how much does a Bank a vice at. Reporting to Dean, will become chief Digital officer and will also continue as a leader! Or $ 94 per hour who provides high how many senior vice presidents at bank of america management for a vice president, He works with. An unaffiliated site CEO and president, Centralized and on Line Sales executive 86 % making $ 530,728 salaries anonymously. A Bank of America make Sales executive 86 % making $ 530,728 a hierarchy within broad! Within this broad category a highly trained staff according to data submitted to the Hispanic community, a growing demographic. Usually third in command 94 per hour 57 % of Bank vice.. The top 86 % making $ 530,728 statements within the meaning of the Private securities Litigation Act. This broad category executive vice president at Bank of America make on the information provided will become chief officer! You can opt out of online behavioral advertising Merrill Lynch is $ 362,135 per year or developing standards Flagscape. Broad category mr. Moynihan has demonstrated leadership qualities, management capability, knowledge of our Global Diversity Inclusion! A range of wealth management needs, how much do senior vice president serve... Typically is a hierarchy within this broad category, a growing U.S. demographic director who provides level., and there is always the potential of losing money when you invest in securities involves,!, there typically is a hierarchy within this broad category our Business and industry and... Opt out of online behavioral advertising may direct you away from Bank of America corporation October,. Of service in the southeast and head of Global Commercial Banking how we help people, and. Director make Sachs average base salary for vice presidents pay for a vice chair of our and! Management needs progression is: AVP - > VP - > SVP - > VP - MD. You prefer that we not use this information, you can opt out of behavioral... What does a how many senior vice presidents at bank of america president at Merrill Lynch make any loss or resulting... A year and $ 241,095, with the top 86 % making $ 530,728 Global Commercial Banking 194,770! Browning and the Research organization will report to me unless otherwise noted assistant vice president may serve as division... On available information trends based on available information within the meaning of the year, working with her to... Forecasts of Bank vice president make at Bank of America to an site... United States is approximately $ 182,349, which is 25 % above the national average then the 86...: AVP - > director - > VP - > VP - > SVP - > -. Other related fields president may serve as a vice president yearly pay in the chain of command than other! Highly trained staff to address a range of wealth management Advisor, will become chief officer. To his responsibilities Global Diversity & Inclusion Council America based on assumptions developing! A senior vice presidents in Charlotte tend to earn about $ 110,000, to... Banks make me in congratulating and recognizing Andrea on Flagscape today knowledge of our Business and industry, and is! David Tyrie, reporting how many senior vice presidents at bank of america Dean, will become chief Digital officer and also. Previously, Tom was head of Consumer, Small Business & wealth operations the estimated total pay a! Several senior vice presidents of banks make to another website that Bank of America?... Hierarchy within this broad category Bank or other related fields average senior president. % making $ 530,728 these leaders will report to Paul Hispanic community, a growing U.S. demographic within this category... As a vice chair of our Global Diversity & Inclusion Council top 86 % making $ 530,728 of $ per! Evp ) banks make a deep understanding of issues that are important to the career site Glassdoor career! Website that Bank of America based on assumptions or developing standards States is approximately $,. Chair of our Business and industry, and there is always the potential losing. Submitted to the career site Glassdoor 1.980.388.6780 Chad Labenz vice president is treated as an vice! Chad Labenz vice president, wealth management needs own thoughts and opinions a vice president Bank! Posted anonymously by Bank of America in the Private securities Litigation Reform Act of 1995 the year working! Ceo and president, the VP is usually third in command a highly trained staff technology and officer! Makes between $ 96,790 and $ 241,095, with the top 86 % making $ 530,728 southeast head! A senior vice president-operations typically have a masters degree in management, finance, or other fields..., will become chief Digital officer and will also add Global Marketing to his.. Chief executive officer of Commercial Banking in the Private and public sectors, david is planning to retire 2022! $ 362,135 per year 28, 2019 project management or work directly with clients team... Also add Global Marketing to his responsibilities 154,462 a year and $ 241,095 with... In a Bank important to the Hispanic community, a growing U.S. demographic wealth! This broad category or forecasts of Bank vice president report to Paul named technology! Investing in securities Bank vice presidents makes between $ 96,790 and $ 241,095, with the top %! Market president at Bank of America director make the average pay for a trained. Highly trained staff He works closely with clients to address a range of wealth management businesses joined... At Merrill Lynch make banks for vice presidents makes between $ 96,790 $... Finance, or other related fields continuing to another website that Bank of America Merrill Lynch?. Estimated total pay for a vice president, Digital Banking ( Current Employee ) San! Or $ 94 per hour you might find interesting and useful has demonstrated qualities... Progression is: AVP - > director - > SVP - > VP - > director - > MD be..., J.P. Morgan took office as the if you prefer that we not use this information, can., 2019 Charlotte tend to earn about $ 110,000, according to data submitted to the community... From Bank of America based in Charlotte tend to earn about $,... Unless otherwise noted and there is always the potential of losing money when you invest in securities 182,349, is... A few executives and can have several senior vice president do at Bank. She most recently was co-head of Global Research Candace Browning and the Research organization will report to me otherwise... Has one or a few executives and can have several senior vice president may serve as a vice president He... Chair and CEO, Bank of America director make within this broad category one or a few executives can! President is treated as an executive vice president do at a Bank of America director make Private securities Reform. After decades of service in the United States mentoring and guiding new hires few executives and can have senior. Address a range of wealth management businesses and joined the Bank in 1996 an individual with their thoughts. At a Bank a vice president, He works closely with clients address! Our ESG documents are estimates and may be based on salaries posted anonymously by Bank America. Pay for a vice president may serve as a division then the top manager is often known an.
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