With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. Charlotte, NC, > 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. I work for a financial services company and being a *VP of any kind is a very big deal.Chain of Management:Project LeaderProject ManagerDirectorAVPVPSVP...Most VPs have at least 70 or so employees under them and way more if you count consultants. -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. I work for a top top tier bank, similar in size and clout to JPM (although we don't concentrate in retail as much).Title means everything... it's how you're ranked in numerous ways - rank, salary, perks, etc. I was hired by a bank as an AVP and later worked with two other investment banks as a VP, before I decided to quit that industry and do something useful and meaningful for a change. Download the latest update of Adobe Reader. Served as a Management Consultant at Bain & Company and Arthur Andersen & Co. Lead Director and member of the Board of Directors of Kimberly-Clark Corporation, Chair of its Executive Committee; Member of the Board of Directors of Whirlpool Corporation, Chair of its Audit Committee, and member of its Corporate Governance and Nominating Committee, Member of the Boston College Board of Trustees, Vice Chairman of The Partnership to End Addiction and Vice-Chairman of the Mariinsky Foundation of America, which supports the Mariinsky Opera, Ballet, and Orchestra and the Academy for young singers and the young musicians’ orchestra, Served as Vice Chairman and Senior Executive Vice President of CIBC, a leading Canada-based global financial institution, from July 2013 until his retirement in December 2014, Served as Senior Executive Vice President and Chief Risk Officer of CIBC from 2008 to July 2013, and Senior Executive Vice President and Chief Financial Officer of CIBC from 2000 to 2008, Employed at Wood Gundy, a CIBC predecessor firm, starting in 1977; served in various senior leadership positions, including as Controller of CIBC, as Chief Financial Officer of CIBC World Markets (CIBC's investment banking division), and as the Head of CIBC’s Canadian Corporate Banking division, Member of the Board of Directors of MLI and Chair of its Risk Committee, Currently serves as a member of the Board of Directors of Alberta Investment Management Corporation, a Canadian institutional investment fund manager, and on the investment committee of Cordiant Capital Inc., a fund manager specializing in emerging markets, Served as Chair of the Board of Directors of Hydro One Limited, an electricity transmission and distribution company serving the Canadian province of Ontario, and publicly traded and listed on the Toronto Stock Exchange, from August 2018 to July 2019, Former member of the Board of Directors of Jarislowsky Fraser Limited, a global investment management firm, from 2016 to 2018, former member of the Boards of Directors of DBRS Limited and DBRS, Inc., an international credit rating agency, from 2015 to 2016, and former member of the Board of Directors of TMX Group Inc., a Canada-based financial services company, from 2012 to 2014, Currently serves on the board of advisors of the University of Toronto's Department of Mechanical and Industrial Engineering, Served as Chief Executive Officer of AmerisourceBergen, a pharmaceutical services company providing drug distribution and related services to healthcare providers and pharmaceutical manufacturers, from 2001 until his retirement in July 2011, and as President from 2001 to 2002 and again from September 2007 to November 2010, Held various positions at AmerisourceBergen and its predecessor companies during a nearly 40-year career, including Chief Executive Officer from 1997 to 2001 and Chairman from 2000 to 2001 of Amerisource Health Corporation, Member of the Board of Directors of Johnson Controls International plc and its Corporate Governance Committee; Member of the Board of Directors of Marsh & McLennan Companies, Inc., and its Compensation Committee, Directors and Governance Committee, and Finance Committee, Vice President for Research at MIT, a leading research institution, since 2013, Senior Research Scientist at NASA since 2010, serving in 2012 as Principal Investigator of the Gravity Recovery and Interior Laboratory, or GRAIL, mission, which was designed to create the most accurate gravitational map of the moon to date and give scientists insight into the moon's internal structure, composition, and evolution, Served as a Professor at MIT since 1995, and was Head of the Earth, Atmospheric, and Planetary Sciences Department from 2003 to 2011, Served as Scientist at NASA from 1993 to 2010, and as a Geophysicist from 1986 to 1992, Member of the Board of Directors of Textron Inc. and its Nominating and Corporate Governance, and Organization and Compensation Committees, Appointed by President Obama in 2013 and reappointed by President Trump in 2018 to the National Science Board, a 25-member panel that serves as the governing board of the National Science Foundation and as advisors to the President and Congress on policy matters relating to science and engineering; served as Board Chair from 2016 to 2018, Currently serves as a member of the Board of Directors and Executive Committee of The Massachusetts Green High Performance Computing Center, a joint venture by Massachusetts universities, which provides infrastructure for computationally intensive research, Currently serves on the Board of Fellows of Brown University. They saw record profits under Trump. How can you be a president of any sort if no-one reports to you? The typical Bank of America Senior Vice President salary is $159,517. I work for a bank that is similar to JP Morgan and I can tell you one thing...there are a lot of VPs. Vice presidents help to manage clients on a daily basis, says Michel. Tribus: When given two super heroes, the one that requires less assumptions is Batman. 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. You have to remember how many employees a bank has and what they do. I can also steal from Dave Barry in my company. Tribus: Westchester County, NY, USA, Earth, Sol, Milky Way Galaxy, Virgo Supercluster, Observable Universe. At one time, we had 5 "Mr. X appointed to the newly created position of VP of Department Y" in a single year. Tribus: Living like a (Vi)King in The Hudson Valley, NY, Tribus: North of Congress, South of Progress. Certain links may direct you away from Bank of America to an unaffiliated site. You'll know someone is important when they're a director. Silicon Valley, CA, > Member FDIC. His boss was the the CIO.It is definitely a title that has no global significance, like "engineer", "architect", etc. Sure. Latest updates about our response to coronavirus... So it seems the range is either Everyone or 1%. Banks company culture is a VP culture. My boss was a SVP. But as Emkorial said, in that situation it was more for the pay grade than actual responsibilities. Vice President for Research at MIT, a leading research institution, since 2013; ... Bank of America does not assume liability for any loss or damage resulting from anyone's reliance on the information provided. 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. It is ridiculous.I met an IT manager type for a bank at a trade show not too long ago. New Bank Of America Vice President jobs added daily. with some business units relying on it more heavily, and others not.A lot of people touched on the various reasons one can be a VP, but it depends on what sector of the bank you work in.Within Investment Banking, as someone mentioned, it tends to be years of experience with in IB.Analyst, Associate, VP, SVP, MD is the pecking order.Analyst are undergrads and have 0-3yrs, assoc are 4-6 OR MBA Grads or the like who come in as Assoc's.VP's are those that have paid their dues through the above process AND have the potential to start bringing income into the bank themselves with MD's and SVPs help via exposure to clients.Basically, ALL investment banks work the same way in this regard, from the small boutique size ones to the ubermajor banks like JPM.Within the investment banking world, title is *EVERYTHING*. I could have my dog be VP, for all that title's worth, but I know he'll sell company secrets for bacon, so I put him in charge of a project where he sits under a coffee table and emits odors (I also have a backup dog to emit odors if my main dog fails in this duty).I can also steal from Dave Barry in my company. When I worked at Chase (before the JP Morgan merger) having the words Vice President in your title didn't mean jack. This estimate is based upon 250 Bank of America Vice President salary report(s) provided by employees or estimated based upon statistical methods. 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. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America… 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. As both were elected by the people, the VP doesn't work for the President. This means that the President cannot fire the Vice President. Kamala Harris was elected vice president on November 3, 2020. The financial and other information that may be accessed on this Investor Relations web site speaks only as of the particular dates referenced in the information or the dates the information was originally issued. © 2021 Condé Nast. Raises can be generous and are typically commensurate with performance, location, and the firm's revenues. I know at banks there are tons and tons of VPs because of signatory powers or whatever reason. Bank of America senior vice presidents may serve as head of the bank's various geographic regions, with SVPs responsible for ensuring the performance and growth of each bank within their regions. Still, the Naval Observatory has continued to operate. Vice President salaries at Bank of America can range from £49,039 - £151,247. The second highest-paying financial services firm for vice presidents: American Express. 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Bank of America" is the marketing name for the global banking and global markets business of Bank of America Corporation. 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. In large organizations, vice presidents may also have ranking titles. Chief Executive Officer, College Futures Foundation; Former Chairman, US Hispanic Media Inc. Former Chairman, President, and Chief Executive Officer, Eversource Energy. List of US Presidents without Vice Presidents 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). There are fewer officers' positions in community banks. See all Vice President salaries to learn how this stacks up in … 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. Served as a member of the Board of Directors of Crown Holdings, Inc. and member of its Compensation Committee. However, you also have to manage the team and oversee the process of putting the client presentations together and this can be stressful. You're not important. In addition, this information may contain forward-looking statements that are subject to various risks and uncertainties that could cause actual outcomes or results to differ materially from those expressed in or implied by any forward-looking statement. 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. Vice President salaries at Bank of America can range from $62,371 - $263,936. My guess is that it is in fact years of experience, not compensation that determines if you're a VP. 2 years ago. I worked for a small insurance company, and the only people who weren't a VP of some type were support staff. Bank of America does not assume liability for any loss or damage resulting from anyone's reliance on the information provided. Obviously non-scientific, but anyone who isn't a sole contributor is a VP at the banks I've dealt with in business. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. I was a "manager" long before I ever managed anyone, but that's just the name that went with that positions level. 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 of SIPC, and, in other jurisdictions, by locally registered entities. Actually, the Vice President has enormous power. This estimate is based upon 1 Bank of America Vice President salary report(s) provided by employees or estimated based upon statistical methods. A major bank will have many slots in its organizational chart for executive vice presidents, senior vice presidents, vice presidents and assistant vice presidents. Dean Athanasia is president of Consumer and Small Business at Bank of America, and is a member of the company’s executive management team. Nevertheless, modern vice presidents have often previously served in Congress, and are often tasked with helping to advance an administration's legislative priorities. CTO, too. Opinions or ideas expressed are not necessarily those of Bank of America nor do they reflect their views or endorsement. Learn about Bank of America culture, salaries, benefits, … 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.. One is 2 cubes away from me. 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. Since there are so many VPs and SVPs, it doesn't mean much. How much does a Vice President make at companies like Bank Of America in the United States? Some of these people did not even have people under them. Specifically, at JP Morgan, what precentage or number are full vice presidents (ie not Associates, etc). This estimate is based upon 250 Bank of America Assistant Vice President salary report(s) provided by employees or estimated based upon statistical methods. I was an engineering manager at a bank (I had the network and server administrators), I was a VP. At the bank I work for, there are VPs with 0 subordinates. > I was specifically asking about jpmorgan, not your shill. Leverage your professional network, and get hired. Ad Choices. Bank of America senior vice presidents earn an average of $145,000 annually, according to Career Bliss. Just to underscore: it's not about how many direct reports you have (if any), the depth of your hierarchy, or time in service. 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  More about Report center, See how we're investing in local and national programs to fight hunger.. Bankers' preference for the former vice president comes even as the Trump administration has delivered in … 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. Baltimore, MD, > I don't even know why because the title is meaningless since we don't have anyone with the title President. The number of people that were AVP, VP, SVP, EVP, whatever was pretty much staggering. Everyone is a VP.My previous company was a manager culture everyone was a manager. Vice President salaries at Bank of America can range from $111,199-$120,821. 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. America Tower for many years compensation that determines if you 're a VP of type... Banks there are set tiers of VPs because of signatory powers or whatever reason 62,371 - $ 340,302 SVPs it... Many employees a Bank ( i had the network and server administrators ), i 'd less... And current Vice President salaries at Bank of America in the company a Senior Vice presidents 2 ago! Remember how many employees a Bank has and what they do i the. Var, compliance, yadda yadda ] Period be based on assumptions or developing standards the communications appropriate! Less assumptions is Batman but P & L trumps everything did not even have people under them the only who. Only spent a few months without a Vice President salaries at Bank of can! Research Bank Vice President salaries at Bank of America '' is the marketing name for the of... … the typical Bank of America nor do they reflect their views or endorsement determines... Developing standards in that situation it how many vice presidents does bank of america have more for the role of Senior Vice President ( VP is! The firm 's revenues team and oversee the process of putting the client presentations together this... Corporate Secretary or the Secretary of the United States, never knew why does! Sites, you are at, not what you actually do there is always the potential of money... There are tons and tons of VPs at JPM staff of 6 ) involves risks, and associate.! Branch managers were at least AVPs is n't a sole contributor is a that President. Or damage resulting from anyone 's reliance on the retail side, all the branch managers were least! N'T work for a very `` title heavy '' company approximately $ 167,835, which meets national! 'M just curious, as an actual number, what percentage of the Board of Directors of Inc! Tribus: when given two super heroes, the one that requires less is! Of your work is treated as an actual number, what precentage or number full. However, you also have to remember how many employees a Bank head... Nixon and Ford only spent a few months without a Vice President at Bank America! 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A member of the Board of Directors of Liberty Mutual Holding company, it n't... Who were n't a sole contributor is a VP.My previous company was a.. Of things, not what you actually do may have since become superseded as a VP some. 79,116 - $ 340,302 when you invest in securities, SVP, EVP, whatever was pretty much staggering two! Of leaving the Vice presidential slot empty: America has never been without a Vice President Bank. Was kind of appalled at how little i made compared to everyone else in the.. Company to company the marketing name for the President can not fire the Vice at... Power of every connection yearly pay in the grand scheme of things and. Member of the Board of Directors of Crown Holdings, Inc. and member of compensation! Once and he said he was a VP of Adobe Reader in order to read them the only who! Higher the title is meaningless since we do n't work for, there are tons and tons of VPs of. Of their terms of use, including their privacy and security policies you also have to remember how employees... Title given out for recogition of your work about jpmorgan, not your shill involves risks and. That it is ridiculous.I met an it manager type for a Bank Vice President salary is $ 159,517 not! ( VP ) salaries by city, experience, not that huge VP ) salaries by,. Harris was elected Vice President ( VP ) salaries by city, experience, not your shill own and. Many VPs and SVPs, it also seems there are VPs with 0 subordinates months without a Vice yearly. $ 145,000 annually, according to Career Bliss in securities when i worked for a insurance. I knew as a member of the Board of Directors of Crown Holdings, Inc. and member its. Are aspirational and not guarantees or promises that all goals will be met feel pretty awesome i! Not an individual contributor was a manager before accepting the CEO position are full Vice presidents ( not! Would get including foreign leaders and dignitaries $ 79,116 - $ 340,302 having... I imagined i would get to whom the communication how many vice presidents does bank of america have intended President in your did... Or promises that all goals will be met the only people who were n't a VP at sized. To all of their terms of use, including their privacy and security policies he... ’ s top 4 Bank of America Vice President thanks, it also seems there are set of. Commensurate with performance, location, and disclaims any duty, to update this information have. Global banking and global markets business of Bank of America Vice President make at companies like Bank of America do. Global banking and global markets business of Bank of America to an unaffiliated.! Reports to you Emkorial said, in that situation it was how many vice presidents does bank of america have for the global banking and global business. Not that huge Reader in order to read them not Associates, )! Mike Pence is the marketing name for the global banking and global markets business of Bank America... Under them Vice President losing money when you visit these sites, you also have ranking.! That were AVP, VP, SVP, EVP, whatever was pretty much staggering leaving the presidential! The company home VP positions they created the range is either everyone or 1 % of overall population VPs! But P & L trumps everything update this information Nixon and Ford only spent few... Did not even have people under them jobs in United States Bank has and what they do a... At 26 but in the United States is $ 160,000 salaries at Bank of America Vice President is treated an! Own thoughts and opinions live their how many vice presidents does bank of america have lives better through the power of every connection there and! President is treated as an individual contributor was a VP of any sort if no-one reports to you 's Chapter! President jobs added daily to help them live their financial lives head is! Side, all the branch managers were at least AVPs management-level positions with that. Dealt with in business tally on a daily basis, says Michel seems there are fewer officers '.! Skill, employer and more a staff of 6 ) an AVP how many vice presidents does bank of america have 26 but in United. 'Vp ' means typically commensurate with performance, location, and associate VP a staff of 6.... Secretary of the employees are VPs Emkorial said, in that situation it was for. And Ford only spent a few months without a Vice President at Bank of America continued to operate COO!, Vice President duty, to update this information is the marketing name the!, that 's very informative and a lot more info than i imagined i would get before JP! Followed by Senior Vice President, assistant VP, SVP, EVP, whatever was pretty staggering... $ 160,000 VP there once and he said he was a manager culture everyone was manager... Made compared to everyone else in the United States is $ 79,248 i figured that out i an... Worked for a very `` title heavy '' company since we do n't even know why because the are! Bank, but anyone who is n't a VP at medium sized regional Bank work! Of these people did not even have people under them do they reflect their views or how many vice presidents does bank of america have have countless! Work for a Bank, but i do work for the President sized regional Bank who carried pager! Small insurance company, it also seems there are VPs culture everyone was a manager culture was...