Private Bank Associate Salary at Bank Of America Private Bank BETA
How much does a Bank Of America Private Bank Private Bank Associate make?
As of May 2025, the average annual salary for a Private Bank Associate at Bank Of America Private Bank is $84,863, which translates to approximately $41 per hour. Salaries for Private Bank Associate at Bank Of America Private Bank typically range from $72,108 to $96,676, reflecting the diverse roles within the company.
It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
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What Skills Does a person Need at Bank Of America Private Bank?
At Bank Of America Private Bank, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
- Products and Services: Knowledge of the full array of our organization's products and services including those that are created for internal customers; insight into the differentiating factors that distinguish them from those of competitors.
- Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
- Financial services: A services provided by the finance industry, which encompasses a broad range of businesses that manage money. These services involve banking, brokerage, mortgages, credit cards, payment services, real estate, investment funds, taxes and accounting.
- Building Relationships: It is working to build or maintain ethical relationships or networks or contacts with people. Building relationships is about ability to identify and initiate working relationships and to develop and maintain them in a way that is of mutual benefit.
- Retail Banking: Retail banking, also known as consumer banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking. Banking services which are regarded as retail include provision of savings and transactional accounts, mortgages, personal loans, debit cards, and credit cards. Retail banking is also distinguished from investment banking or commercial banking. It may also refer to a division or department of a bank which deals with individual customers. In the U.S., the term commercial bank is used for a normal bank to distinguish it from an investment bank. After the Great Depression, the Glass–Steagall Act restricted normal banks to banking activities, and investment banks were limited to engaging capital market activities. That distinction was repealed in the 1990s. Commercial bank can also refer to a bank or a division of a bank that deals mostly with deposits and loans from corporations or large businesses, as opposed to individual members of the public (retail banking).
Related Jobs
Check more jobs information at Bank Of America Private Bank
| Job Title | Average Bank Of America Private Bank Salary | Hourly Rate | |
|---|---|---|---|
| 2 | Managing Director | $905,752 | $435 |
| 3 | Portfolio Manager | $126,298 | $61 |
| 4 | Summer Analyst | $85,241 | $41 |
| 5 | Trust Officer | $71,222 | $34 |
| 6 | Banking Officer | $95,266 | $46 |
| 7 | Trust Officer II | $95,168 | $46 |
| 8 | Managing Director Market Leader | $222,127 | $107 |
| 9 | Trust Officer I | $71,222 | $34 |
| 10 | Wealth Management Analyst | $93,250 | $45 |
| 11 | Administrative Assistant | $57,151 | $27 |
| 12 | Assistant Vice President | $68,719 | $33 |
Hourly Pay at Bank Of America Private Bank
FAQ about Salary and Jobs at Bank Of America Private Bank
The average hourly pay is $41. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
According to the data, the highest approximate salary is about $96,676 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
According to the data, the lowest estimated salary is about $72,108 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.