Bank of America Private Bank Salaries
The average hours worked chart shows the distribution of average hours worked per week generated based on the Compensation data at this company.
The number you see in the middle of the doughnut pie chart is the adjusted average of these scores. If you hover over the various sections of the donut, you will see the % breakdown of each workload given.
The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few interview insights). Simply put, as a company gets more data points, the confidence of a "true measure" increases so it is pulled closer to its simple average and away from the average of the entire dataset.
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- Over 90 Hrs
The Relative Compensation is a score from 1 star (very bad) to 5 stars (excellent) generated based on the Company Reviews of current and former employees at this company based on relative pay.
The number you see in the middle of the donut pie chart is the simple average of these scores. If you hover over the various sections of the donut, you will see the % breakdown of each score given.
The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few reviews). Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire dataset.
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Average Bank of America Private Bank Salary
How much does Bank of America Private Bank pay?
For this salary and bonus range, Low is the 10th Percentile and High is the 90th Percentile. These ranges are from employer specific salaries submitted by WSO members.
Bank of America Private Bank pays an average salary of $71,810 per year. This base compensation is the equivalent of $36 per hour assuming a 40 hour work week (2,000 hours per year). The actual average hours worked per week at Bank of America Private Bank based on our data is actually 41 hours, which would bring down the true effective hourly rate to $36 on average. If you include the average bonus of $4,750, then the total average pay at Bank of America Private Bank would be $76,560 per year or $39 per hour at the 41 hour work week.
There's a wide range between what the company pays the top 20 percent and the bottom 20 percent of earners. This is largely dependent on seniority and location. Bank of America Private Bank pays the highest-paid employees over $90,000 a year, while the lowest-paid employees are paid less than $60,000. Bank of America Private Bank employees in different groups or divisions tend to have different salaries as well.For example, employees in the Private Banking sector earn an average yearly salary of $72,120.While employees in the Private Banking sector earn an average yearly salary of $72,120.
Bank of America Private Bank Salaries
Highest Paying Jobs at Bank of America Private Bank
Bank of America Private Bank Salaries by Department
Salaries at Bank of America Private Bank depend on the group, division, department or function. Employees who work in the Private Banking group tend to get paid the most at at Bank of America Private Bank, earning an average yearly salary of $72,120. Employees in the receive relatively high salaries as well, where wages average $0 per year. A division that does not pay as well at Bank of America Private Bank includes the Private Banking group, with employees earning $72,120 on average.
Recently Added Bank of America Private Bank Salaries
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