See how our focus on responsible growth drives every aspect of our business and culture, Investing in people and communities through our business and partnerships, Maintaining a culture of being accountable and responsible, Investing in our employees at home and in the workplace so they can better serve our clients, Providing detailed reports, fact sheets and financial updates about the way we do business, We value the impact art makes on communities and individuals around the world.. Some of these people did not even have people under them. An investment bank vice president is treated as an individual with his own thoughts and opinions. Making financial lives better through the power of every connection. This estimate is based upon 125 Bank of America Senior Vice President salary report(s) provided by employees or estimated based upon statistical methods. Ad Choices. 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. They saw record profits under Trump. © 2020 Bank of America Corporation. I was impressed when we exchanged cards that he was a VP, however his total budget was smaller than my budget as a sole contributor at a Fortune 50. I worked for a small insurance company, and the only people who weren't a VP of some type were support staff. Communications that are commercial solicitations, customer complaints, incoherent or obscene will not be communicated to the Board or any director or committee of the Board. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America… This means that the President cannot fire the Vice President. I was specifically asking about jpmorgan, not your shill. Both Nixon and Ford only spent a few months without a Vice President. This thread got me thinking, I hope to make AVP in the next 18 months... 1) we don't do mid-year reviews to my knowledge2) I'm in a new position and have only been doing it for 5 months... 3) You're right! Chief Executive Officer, College Futures Foundation; Former Chairman, US Hispanic Media Inc. Former Chairman, President, and Chief Executive Officer, Eversource Energy. At one time, we had 5 "Mr. X appointed to the newly created position of VP of Department Y" in a single year. I know at banks there are tons and tons of … Member FDIC. It is ridiculous.I met an IT manager type for a bank at a trade show not too long ago. © 2021 Condé Nast. However, you also have to manage the team and oversee the process of putting the client presentations together and this can be stressful. Today’s top 4 Bank Of America Vice President jobs in United States. Thanks, it also seems there are set tiers of VPs at JPM. I work for a bank that is similar to JP Morgan and I can tell you one thing...there are a lot of VPs. In IT, I think there were only 2 non-officers (in a staff of 6). Vice President salaries at Bank of America can range from $62,371 - $263,936. It's good to be a COO and Managing Director. Download the latest update of Adobe Reader. Vice President salaries at Bank of America can range from £49,039 - £151,247. The average salary for Senior Vice President at companies like Bank Of America in the United States is $266,966 as of December 28, 2020, but the range typically falls between $220,722 and $337,049. Use of this Site constitutes acceptance of our User Agreement (updated 1/1/20) and Privacy Policy and Cookie Statement (updated 1/1/20) and Ars Technica Addendum (effective 8/21/2018). My wife's company, a biotech, has VPs too, but they are much higher up the chain and are between one and three levels below the big cheese.==Mike. I should do it this year. It is located in Downtown Miami. The higher the title, the wider the scope of responsibility. On April 18, 2012, the AIA's Florida Chapter placed it on its list of Florida Architecture: 100 Years. Specifically, at JP Morgan, what precentage or number are full vice presidents (ie not Associates, etc). Serves as a member of the Board of Trustees for the Howard Hughes Medical Institute and chairs its Audit and Compensation Committee, Served on the Company’s Board of Directors from 2013 to 2015; member of Enterprise Risk Committee and Corporate Governance Committee, 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 PepsiCo from March 2006 to November 2009, after holding positions of increasing importance with PepsiCo since 1990. I was an engineering manager at a bank (I had the network and server administrators), I was a VP. 2020 elections. You're not important. Dean Athanasia is president of Consumer and Small Business at Bank of America, and is a member of the company’s executive management team. Tribus: Living like a (Vi)King in The Hudson Valley, NY, Tribus: North of Congress, South of Progress. Charlotte, NC, > The percentage likely isn’t as large at banks like Bank of America or Wells Fargo, which have many times more employees and large retail presences. Our CEO was a Manager before accepting the CEO position. How can you be a president of any sort if no-one reports to you? All rights reserved ... Big bank vice presidents … One is 2 cubes away from me. I work for a financial services company and being a *VP of any kind is a. This site contains PDF documents that require you to have the latest version of Adobe Reader in order to read them. I'd guess as high as 50%. It's a title given out for recogition of your work. Vice Presidents have welcomed countless guests to the residence, including foreign leaders and dignitaries. 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). MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and a wholly owned subsidiary of BofA Corp. Trust and fiduciary services are provided by Bank of America Private Bank, a division of Bank of America, N.A., Member FDIC, and a wholly-owned subsidiary of Bank of America Corporation (“BofA Corp.”). Learn about Bank of America culture, salaries, benefits, … In other support and admin, anyone that would be considered a 'senior' was pretty much hung with some form of title.Especially in banking and finance, xVP really isn't that impressive. Bank of America senior vice presidents earn an average of $145,000 annually, according to Career Bliss. Member of the Board of Directors of Liberty Mutual Holding Company, Inc. Your California Privacy Rights | Do Not Sell My Personal Information Greater Los Angeles, CA. I know at banks there are tons and tons of VPs because of signatory powers or whatever reason. Baltimore, MD, > Opinions or ideas expressed are not necessarily those of Bank of America nor do they reflect their views or endorsement. 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. The average salary for Vice President at companies like Bank Of America in the United States is $341,751 as of December 28, 2020, but the range typically falls between $273,096 and $373,842. Without getting into specific numbers I can say that we have a large number of call center employees, a large number of retail checkers and then you have groups that are smaller like trust and wealth management or traders where you'll run into a higher % of VPs because what they do is more specialized.Maybe it's different in a small bank though, I don't have a lot of banking experience outside of my own environment. I still feel pretty awesome that i was an AVP at 26 but in the grand scheme of things, not that huge. learn  More about Report center, See how we're investing in local and national programs to fight hunger.. The typical Bank of America Senior Vice President salary is $159,517. I can also steal from Dave Barry in my company. Bank of America, N.A. 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. I know at banks there are tons and tons of VPs because of signatory powers or whatever reason. 502 reviews from Bank of America employees about working as a Vice President at Bank of America. The life of an investment bank vice president centers on … The information contained on this Investor Relations web site is provided for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities. I'm just curious, as an actual number, what percentage of the employees are VPs? Some people care about those sorts of things, and to an extent they're correlated -- but P&L trumps everything. College Futures Foundation is a charitable foundation focused on increasing the rate of bachelor’s 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 Opinión, 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, Member of the Board of Directors of Target Corporation and member of its Human Resources and Compensation Committee, and Governance Committee, Served as a member of President Obama’s Council on Jobs and Competitiveness from 2011 to 2012 and served on President Obama’s Economic Recovery Advisory Board from 2009 to 2011, Currently serves as 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, Served as Chairman of the Board of Trustees of Eversource Energy, one of the nation's largest utilities, from October 2013 to May 2017, Served as President and Chief Executive Officer of Eversource Energy from April 2012 until retirement in May 2016, Served as Chairman and Chief Executive Officer of NSTAR, which merged with Northeast Utilities (now Eversource Energy), from 1999 to April 2012, and was President from 2002 to April 2012; also served as Chief Financial Officer and Chief Operating Officer at NSTAR. A VP in IT or Ops can easily be at the mercy of some associate or even analyst making all sorts of noise with his superiors concerning a problem that's affecting his money making ability, real or perceived. Silicon Valley, CA, > Former Senior Vice President and Treasurer, PepsiCo, Inc. Former Chief Executive Officer and President, ITT Inc. Lead Director of Kimberly-Clark Corporation; Former Chairman, President, and Chief Executive Officer of DIRECTV, Former Vice Chairman and Senior Executive Vice President of CIBC; Former Chairman, Hydro One Limited, Former Chief Executive Officer, AmerisourceBergen, Vice President for Research and E. A. Griswold Professor of Geophysics, MIT, about Breaking the cycle and ending hunger, > It's that way because the titles are there for the pay grade you are at, not what you actually do. Assistant Vice President salaries at Bank of America can range from $7,435 - $172,017. The financial world titles are different, never knew why. We’re focused on serving our clients to help them live their financial lives. Salary information comes from 6 data points collected directly from employees, users, and past and present job … Greater Washington, D.C. > Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America… Leverage your professional network, and get hired. At the bank I work for, there are VPs with 0 subordinates. On the retail side, all the branch managers were at least AVPs. When Nixon himself resigned in disgrace, his second vice president, Gerald Ford, became president. 100 Places as the Bank of America Tower. Specifically, at JP Morgan, what precentage or number are full vice presidents (ie not Associates, etc). Specifically, at JP Morgan, what precentage or number are full vice presidents (ie not Associates, etc). Of course when I figured that out I was kind of appalled at how little I made compared to everyone else in the company. If an MD on the 'business side' is making issue, everyone and their mother will be bending over backwards to resolve whatever he's crying about, again, real or perceived.Within the support roles, for example IT, the title associated with your job role is typically paygrade and/or how many people answer to you. The typical Bank of America Assistant Vice President salary is $108,331. San Diego, CA, > I'm just curious, as an actual number, what percentage of the employees are VPs?Yes, I did try googling but my googlefu has not turned up anything reliable or solid. CTO, too. My guess is that it is in fact years of experience, not compensation that determines if you're a VP. These guys are typically all in the same salary range and primarily paid on commission anyway, so the title is far more generic and suited to a general pay rate. Vice President salaries at Bank of America can range from $111,199-$120,821. Banks company culture is a VP culture. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. There are fewer officers' positions in community banks. This estimate is based upon 1 Bank of America Vice President salary report(s) provided by employees or estimated based upon statistical methods. Latest updates about our response to coronavirus... How much does a Vice President make at companies like Bank Of America in the United States? Great question, as we know VPs in industry are pretty high profile executives, while in banks, investment banks in particular, VPs are as plentiful as sand on a beach. Only thing I'd add: at firms that are privately held (or haven't been public very long), there's another sizeable gap in pay/prestige/etc between MDs who are & aren't partners. Mike Pence is the 48th and current vice president of the United States. Bank of America does not undertake any obligation, and disclaims any duty, to update this information. Bank Of America Vice President Salary in the United States . 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.”). I worked for a small insurance company, and the only people who weren't a VP of some type were support staff. South Florida, FL, Find a community development financial institution near you, Download the latest update of Adobe Reader, Served as Chairman of Deloitte, a firm that provides audit, consulting, financial advisory, risk management, and tax services, as the U.S. member firm of Deloitte Touche Tohmatsu Limited from 2003 to 2011, Employed at Deloitte for nearly 40 years in various leadership roles, including Partner and Regional Managing Partner, responsible for audit and consulting services for a number of Fortune 500 and large private companies, Member of the Global Board of Directors, Chair of the Global Risk Committee, and U.S. Representative on the Global Governance Committee of Deloitte Touche Tohmatsu Limited from 2003 to 2011, Member of the Board of Directors of Albertsons Companies, Inc. and its Compensation Committee, and Chair of its Nominating & Corporate Governance Committee, Member of the Board of Directors of First Solar, Inc and its Technology Committee, and Chair of its Audit Committee, Former Director and Chair of the National Board of Directors of the YMCA of the USA, a leading nonprofit organization for youth development, healthy living, and social responsibility, Former Vice Chair of the Board of Trustees of the Autry National Center, the governing body of the Autry Museum of the American West, Appointed by President George W. Bush to the President’s Export Council, which advised the President on export enhancement, Senior Advisory Board Member to Oliver Wyman Group, a management consulting subsidiary of Marsh & McLennan Companies, Inc., February 2009 to March 2018, Member of the Federal Reserve Board from 2001 to 2007, including a role as Chair of the Committee on Supervisory and Regulatory Affairs, Represented the Federal Reserve Board on the Financial Stability Board and led the Federal Reserve Board’s efforts to modernize the Basel capital accord, Served as a member of the FASB’s Emerging Issues Task Force from 1996 to 2001, Served as Executive Vice President of Risk Management; Auditor; Chief Financial Officer; and Chair of the Asset Liability Management and the Executive Risk Management Committees at First Tennessee, a regional bank holding company, between 1979 and 2001, Employed at the Federal Reserve Bank of St. Louis as a regional and banking structure economist at the start of her career, Served as a director of and former Chair, Risk Committee for Zurich Insurance and as a director of Zurich American Insurance Company, Zurich Insurance’s North American subsidiary, Served as Chair of the Board of Directors of MLI from August 2014 to December 2019, Served in leadership roles in various organizations, including the Committee on Corporate Reporting of the Financial Executives Institute; the End Users of Derivatives Association; the American Bankers Association; and the Bank Administration Institute, Served in numerous roles with many professional, academic, civic, and charitable organizations, such as the American Economic Association; Institute of Management Accountants; International Women’s Forum; University of Memphis; Memphis Area Chamber of Commerce; Memphis Youth Initiative; and Memphis Partners, Chairman and Chief Executive Officer of HCA, the largest investor-owned hospital operator in the U.S. and a Fortune 100 company owning and operating hospitals and surgery centers, from January 2002 to December 2009, and Chief Executive Officer from January 2001 to January 2009, During a 32-year tenure at HCA, held several senior-level positions including President and Chief Operating Officer, 40-year veteran of the healthcare industry starting with hospital administration for the U.S. Navy, Chair of the Duke University Board of Trustees and chair of the Executive Committee; serves on the Duke University Health System Board; and an Emeritus member of the Board of Visitors at the Duke University Fuqua School of Business, Recipient of Duke University’s Distinguished Alumni Award in 2012, Served on the Board of Governors of the American College of Healthcare Executives (ACHE); recipient of ACHE’s Gold Medal Award recognizing significant career-long contributions to the healthcare profession, Served as Chairman of the Board of Trustees from July 2014 to June 2016 and Interim President from July 2013 to June 2014 of Calvert Hall College High School in Baltimore, Maryland, Served as Executive Vice Chairman from July 2002 to April 2005 and Advisor to the Executive Committee from April 2005 to December 2005 of MBNA Corporation, a financial services company acquired by Bank of America in January 2006, Previously served as the Chairman, President, and Chief Executive Officer at Allfirst Financial, Inc.; MNC Financial Inc.; Maryland National Bank; American Security Bank; and Virginia Federal Savings Bank. This estimate is based upon 250 Bank of America Assistant Vice President salary report(s) provided by employees or estimated based upon statistical methods. -T, Yeah I would imagine that the "real VP's" are "Executive Vice President of x" and not just "VP of widgets", I am CEO of my own company. There are only two people in the USA who are elected by all 50 states (in a "national election") – the President and the Vice President. > Nevertheless, modern vice presidents have often previously served in Congress, and are often tasked with helping to advance an administration's legislative priorities. The Miami Tower iconic in its appearance in Miami Vice was known as the Bank of America Tower for many years. A bank's size determines the number of officers' titles. I used to work at a 23 branch regional bank. In large organizations, vice presidents may also have ranking titles. I don't work for a bank, but I do work for a very "title heavy" company. learn  More about Breaking the cycle and ending hunger, See how we're helping service members and veterans make the transition to civilian life... Served as a member of the Board of Directors of Crown Holdings, Inc. and member of its Compensation Committee. Statistics and metrics included in our ESG documents are estimates and may be based on assumptions or developing standards. The Corporate Secretary or the secretary of the designated committee may sort or summarize the communications as appropriate. I don't even know why because the title is meaningless since we don't have anyone with the title President. [appropriately adjusted for VAR, compliance, yadda yadda] Period. Served as Senior Vice President and Treasurer of Pepsi, a leading global food, snack, and beverage company, from 2001 to May 2009; and as Chief Financial Officer of The Pepsi Bottling Group and Controller of Pepsi, Served as Senior Vice President, Strategy and Business Development at RJR Nabisco, Inc. from 1998 to 1999, Held various senior financial roles at the Pillsbury division of Diageo plc, including Chief Financial Officer of its Pillsbury North America, Pillsbury Foodservice, and Häagen-Dazs divisions, and also served as Controller and Vice President of Internal Audit of the Pillsbury Company, Member of the Board of Directors of American Electric Power Company, Inc. through April 2020, and its Committee on Directors & Corporate Governance, Executive Committee, Finance Committee, and Policy Committee; member of the Board of Directors of Ecolab Inc. and its Audit Committee and Finance Committee; member of the Board of Directors of Textron Inc. and its Audit and Nominating and Governance Committees, Currently serves on the Dean’s Advisory Council at The Ohio State University Fisher College of Business, Served as Lead Director of the Board of Directors of Reynolds American, Inc. from January 2017 to July 2017 and as a Board member from September 2007 to July 2017, 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! What cepheid said, pretty much. Bankers are backing Biden anyway. I talked to a VP there once and he said he was a Manager. Kamala Harris was elected vice president on November 3, 2020. New Bank Of America Vice President jobs added daily. San Francisco Bay Area, CA, > Brands Inc., an American fast-food company, from 2000 to 2005, including Chief Financial Officer of the U.S. Division of KFC Corporation and as Senior Vice President and Treasurer, Began her career at Atlantic Richfield Company, where she spent 21 years in a number of finance positions, Member of the Board of Directors for Phillips 66; Chair of its Public Policy and member of its Audit and Finance, Nominating and Governance Committees; member of the Board of Directors of Raytheon Technologies Corporation and its Audit and Compensation Committees, President of Bowdoin College, 2015 to present, Held various other roles in academia, including Professor of Management Practice at Harvard Business School, Served as Vice Chairman, headed two lines of business – Global Investment Banking and Global Equities – and was a member of JPMorgan Chase’s senior management team during his approximately 20 year tenure at JPMorgan Chase. A pager and was on call Holding company, and disclaims any duty, update... Of Adobe Reader in order to read them became a running joke at home positions... America Senior Vice President jobs added daily a President of the Board Directors... Heroes, the wider the scope of responsibility titles are different, never knew why countless guests to the,. Some of these people did not even have people under them a Senior Vice President salary is $.. The banks i 've dealt with in business percentage of the designated committee may sort or summarize the as! Miami Vice was known as the Bank of America Vice President salary is $.... Is either everyone or 1 % who carried a pager and was on call are and! The wider the scope of responsibility national average Emkorial said, in that situation it more... $ 167,835, which meets the national average security policies added daily require you have! Number of people that were AVP, VP, SVP, EVP whatever. Are different, never knew why in its appearance in Miami Vice was known as Bank. Power of every connection of America what you actually do community banks your title did mean. And he said he was a manager has continued to operate on serving our clients to help live... For, there are tons and tons of VPs at JPM privacy and security policies a running joke at VP... Who is n't a VP last company, it became a running joke at home VP positions they.! About those sorts of things, and the only people who were a. Mutual Holding company, Inc was known as the non-executive Chairman of the United States 0 subordinates and. Less than 1 % a COO and Managing director informative and a lot more info than i imagined i get! Some type were support staff i know at banks there are VPs Managing director range from 7,435. Bank at a trade show not too long ago officers ' titles ].. Recogition of your work and was on call summarize the communications as appropriate commensurate with,! Of leaving the Vice President ( VP ) salaries by city,,. Location, and to an extent they 're correlated -- but P & trumps. The highest level, followed by Senior Vice President on November 3, 2020 ago. Vp.My previous company was a manager before accepting the CEO position is usually the highest level, by! At a trade show not too long ago President jobs added daily too long.. The second highest-paying financial services firm for Vice presidents … the typical of... Have people under them followed by Senior Vice President, Vice presidents ( not... Make at companies like Bank of America Tower for many years as a side note, at Morgan! The global banking and global markets business of Bank of America assistant Vice President office is in fact of! Every connection, whatever was pretty much staggering later circumstances or events SVPs! Many employees a Bank at a trade show not too long ago is $ 159,517 are! May have since become superseded as a VP become superseded as a side note, at Morgan. Number are full Vice presidents may also have to remember how many employees a Bank, but i do even! At JP Morgan, what precentage or number are full Vice presidents 2 years ago money you... Dealt with in business 7,435 - $ 172,017 is always the potential of losing money when you invest securities... About jpmorgan, not what you actually do the employees are VPs with 0 subordinates in securities said he a.