how many senior vice presidents at bank of americahow many senior vice presidents at bank of america

When an organization has a CEO and president, the VP is usually third in command. Member and Chairman of the Supervisory Board of The Clearing House Association L.L.C. Actual outcomes and results may differ materially from those expressed in, or implied by, any forward-looking statements due to a variety of factors. Typically, this role is second in command to the president of the company; and, other vice presidents may report to the executive vice president. Bank of America Senior Vice Presidents earn $153,000 annually, or $74 per hour, which is 1% lower than the national average for all Senior Vice Presidents at $155,000 annually and 79% higher than the national salary average for all working Americans. What level is vice president in a bank? Former President and CEO, Carnival Corporation and Carnival plc. Ann Shaler Senior Vice President. Former Executive Vice Chairman, MBNA 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? Valid. How much does a Bank of America director make? 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. May Lose Value. Senior management jobs generally include positions within the following groups: Director, Vice President, C-level, and CEO. She is based at the Bank of America branch in West Hartford Center. Further, with her service as Chief Financial Officer at ITT, Furniture Brands International, and the U.S. KFC division of Yum! Ms. Lozano has a deep understanding of issues that are important to the Hispanic community, a growing U.S. demographic. Below are some things to consider when trying to figure out how many senior vice presidents does bank of america have. Love to see this investment in #STEM at Discovery Place in #Charlotte - this will open so many doors for people who want to work in tech but don't know how to How much does a VP at Merrill Lynch make? Served as Vice Chairman, headed two lines of businessGlobal InvestmentBanking and Global Equitiesand was a member of JPMorgan Chases senior management team during his approximately twenty-year tenure at JPMorgan Chase. Sanaz will transition through the end of the year, working with her team to ensure a seamless handover. Vice president. Below is the total compensation in 2007 for the 9 banks that received the . Chairman of the World Economic Forums International Business Council, Chairman of the Board of The U.S. Council on Competitiveness, Member (and prior President) of the Federal Advisory Council of the Federal Reserve Board, Co-Chair of the Sustainable Markets Initiative, Member of Board of Fellows of Brown University, Member of Advisory Council of Smithsonians National Museum of African American History and Culture, Chairman of Charlotte Executive Leadership Council, Member of Massachusetts Competitive Partnership, 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 Hagen-Dazs divisions, and also served as Controller and Vice President of Internal Audit of the Pillsbury Company, 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, 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 Chair of its Audit Committee, Deans Advisory Council at The Ohio State University Fisher College of Business, 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 Audit & Risk Committee, and Chair of its Governance, Compliance & ESG Committee, Former 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 Presidents Export Council, which advised the President on export enhancement, Chairman of the Board, President and CEO of Baxter, a global medtech leader, effective January 1, 2016. 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. Merrill Lynch Salary FAQs The average salary for a Senior Vice President is $207,470 per year in United States, which is 102% higher than the average Merrill Lynch salary of $102,650 per year for this job. 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. 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. Relationship-based ads and online behavioral advertising help us do that. 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. Ms. Hudsons career in the defense and aerospace industry gives her knowledge of technology risks such as cybersecurity risk. 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. These statements often use words like expects, anticipates, believes, estimates, targets, intends, plans, predict, goal and other similar expressions or future or conditional verbs such as will, may, might, should, would and could. Forward-looking statements speak only as of the date they are made, and Bank of America undertakes no obligation to update any forward-looking statement to reflect the impact of circumstances or events that arise after the date the forward-looking statement was made. Lauren Mogensen will become global general counsel for the company, succeeding David at the end of this year. The company serves clients through operations across the United States, its territories and approximately 35 countries. 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. HHMI has one of the largest philanthropic endowments, currently valued at approximately $27 billion. Since it is a high-ranking position, most companies require candidates to possess a minimum of ten years of related experience as well as previous success in high-level management. He will also continue to serve on our Sustainable Markets Committee playing a critical, business leadership role in those efforts. Yukio Johnson is a Private Client Advisor at Bank of America Private Bank, based in Walnut Creek. Executive Director, Corporate Responsibility. He will also continue to oversee our Paycheck Protection Program (PPP) Forgiveness effort. Executive Vice President, Sheri Bronstein continues as chief human resources officer and will assume additional responsibility for The Academy, Enterprise Services, and other related functions going forward. Is SVP higher than VP? Company goals are aspirational and not guarantees or promises that all goals will be met. We established the path forward for our company nearly 12 years ago as we emerged from the global financial crisis with our focus on Responsible Growth. Forward-looking statements represent Bank of Americas current expectations, plans or forecasts of its future results, revenues, expenses, efficiency ratio, capital measures, and future business and economic conditions more generally, and other future matters. Charles L. Evans (Off-site) took office as the . Salary Details for a Senior Vice President at Bank of America Updated Feb 22, 2023 United States Hong Kong Singapore United Kingdom United States Any Experience Any Experience 0-1 Years 1-3 Years 4-6 Years 7-9 Years 10-14 Years 15+ Years Total Pay Estimate & Range Confident $366,941 / yr Total Pay $191,503 / yr Base Pay 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. Bank of America Salary FAQs The average salary for a Senior Vice President is $192,196 per year in United States, which is 20% lower than the average Bank of America salary of $241,607 per year for this job. Contacts. May Lose Value. On average, a Bachelors Degree is the highest level of education for a Vice President Commercial Bank. 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. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Vice President, Development Finance. $273K$750K Most Likely Range Possible Range The estimated total pay for a Senior Vice President at Merrill Lynch is $444,407 per year. Certain links may direct you away from Bank of America to an unaffiliated site. How much does a Senior Vice President make at Bank of America in the United States? Are Not Insured by Any Governmental Agency. This long-tenured team of highly energized individuals is committed to drive Responsible Growth, delivering for our clients, communities, and shareholders and addressing major societal issues. This builds on the tremendous impact Cathy has had in the company including through her efforts to develop talented, highly capable leaders for the future. Ms. . Christine Katziff continues as our chief audit executive overseeing Corporate Audit & Credit Review. Through his position as Chief Executive Officer of PepsiCo International, Mr. White has international experience as well as broad knowledge of retail and distribution issues. What are the levels at Citibank? The diversity of roles across this expansive company provides a solid career foundation. Member FDIC.Equal Housing Lender Wendy is also president of Atlanta for the company. Top 5 Highest Paying Banks For Vice Presidents: 1. Mr. de Wecks service as Chief Credit Officer of UBS provides him with further credit risk management experience. Bank of America's Chairman of the Board and Chief Executive Officer is Brian T. Moynihan. 14 Richard Blaine Studied at Texas Christian University Author has 2.1K answers and 2.9M answer views 2 y Latest update. 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. Douglas B. Petno, Chief Executive Officer of Commercial Banking. We will recognize Davids many contributions to our company and beyond as his transition nears and have shared a special update on Flagscape today. 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. Jane A. Langford. Contact details. Amy has most recently been deputy general counsel for Global Human Resources, Chief Administrative Officer Group, Corporate Services, Business Operations, and Internal Enterprise Investigations. Bank of America Announces Senior Leadership Changes. He has also taught and written extensively about financial services as a faculty member at the Harvard Business School. An average senior vice president-operations typically have a masters degree in management, finance, or other related fields. His board service with public companies gives him experience with risk management, global operations, and regulated businesses. David has most recently served as head of Digital Banking. The assistant vice president role in most organizations is a senior management position. 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. Paul Newman Senior Vice President Bank of America | LinkedIn. Mr. Moynihan has demonstrated leadership qualities, management capability, knowledge of our business and industry, and a long-term strategic perspective. t*****@gmai***.com. Comerica Incorporated and Comerica Bank. If organized as a division then the top manager is often known as an executive vice president (EVP). Bank of America is one of the worlds leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. 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. Who is higher CEO or VP? Below are some things to consider when trying to figure out how many senior vice presidents at bank of america. Bernard Hampton Managing Director, Preferred Banking Executive. Began serving as an executive officer of Baxter in October 2015, Served as Senior Advisor with The Carlyle Group, a multinational private equity, alternative asset management and financial services corporation, from May 2015 to October 2015, Served as the Chairman, President and Chief Executive Officer of Covidien, a global healthcare products company, from March 2012 through January 2015, prior to the acquisition of Covidien by Medtronic plc (Medtronic), and President and Chief Executive Officer of Covidien from July 2011 to March 2012, Prior to becoming Covidiens President and Chief Executive officer, served in several leadership roles at Covidien, including President of its Worldwide Medical Devices business; also served as President of International and Vice President of Global Manufacturing for Covidiens predecessor, Tyco Healthcare, Served on the boards of directors of: Walgreens Boots Alliance, Inc. from 2017 to 2022, including on its Compensation Committee; State Street Corporation from 2013 to 2015, including on its Executive Compensation Committee; Analog Devices, Inc. during 2015; and EMC Corporation from 2014 to 2015, Served on the board of trustees of Partners in Health from 2013 to 2021, Serves on the board of trustees of Northwestern University, 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. Anita O'Dell. All rights reserved. A senior vice president is a title which is earned through seniority. jerome.f.dubrowski@bofa.com. 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. An assistant vice president is usually a regional director who provides high level management for a highly trained staff. As we focus on the path ahead and what it requires, and individuals decide they are ready to transition and/or retire, we are able to promote and expand colleagues from inside the company resulting in new opportunities, smooth transitions, and continued momentum. How much do senior vice presidents of banks make? Comerica Incorporated's Senior Leadership Team members appear below. 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. Alastair Borthwick has been named chief financial officer, effective in the fourth quarter. How much does a VP at Merrill Lynch make? Akihiko Nishio. The life of an investment bank vice president centers on two responsibilities: completing pitch books and managing client relationships. These statements are not guarantees of future results or performance and involve certain known and unknown risks, uncertainties and assumptions that are difficult to predict and are often beyond Bank of Americas control. The salaries of Senior Vice President, Senior Banker, Private Banks in the US range from $168,000 to $252,000 , with a median salary of $210,000 . Chairman, President and Chief Executive Officer. Assistant vice presidents may or may not supervise other employees, although they are generally responsible for mentoring and guiding new hires. We continue to serve our clients through our eight lines of business and our International organization, led by the following individuals on our Management Team, who will report to me unless otherwise noted: Sanaz Zaimi, head of Fixed Income, Currencies and Commodities (FICC) Sales, CEO of BofA Securities Europe SA (BofASE) and country executive for France has informed us of her decision to leave the bank to pursue other interests. As a Senior Vice President (SVP) of commercial lending, you oversee the handling of commercial loans. Her public company board service for Target Corporation and Apple Inc., her past public company board service for The Walt Disney Corporation, and her past roles with the University of California and the University of Southern California give her board-level experience overseeing large organizations with diversified operations on matters such as governance, human capital management, executive compensation, risk management, and financial reporting. Valid. 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. Is SVP higher than VP? Mr. Almeidas public company board service includes extensive experience in public company corporate governance, talent development, executive compensation, and succession planning. Isaac Applbaum | Co-Founder of MizMaa Ventures & Prev. Wendy W. Bridges. Paul Newman Senior Vice President Bank of America | LinkedIn. 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.). Phone: 1.980.388.6780 Cathy Bessant will become vice chair, Global Strategy working with our European boards and focused on our global integrated strategy, governance, and client and regulator engagement. Held various other roles in academia, including Professor of Management Practice at Harvard Business School. American Express Average base salary for vice presidents: $156,760. Served as a Management Consultant at Bain & Company and Arthur Andersen & Co. Lead Director 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 (CIBCs investment banking division), and as the Head of CIBCs Canadian Corporate Banking division, Served as Chair of the Board of Directors of Hydro One Limited, a publicly traded and Toronto Stock Exchange listed electricity transmission and distribution company serving the Canadian province of Ontario, from August 2018 to July 2019, Member of the Board of Directors of MLI, chair of its Risk Committee, and member of its Governance 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 advisory committee of Cordiant Capital Inc., a fund manager specializing in emerging markets, 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, Member of the University of Toronto College of Electors, and the Board of Advisors of the 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 Audit 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, where she oversees MIT Lincoln Laboratory and more than a dozen interdisciplinary research laboratories and centers and leads MITs Climate Action Plan, Served in a number of positions at NASA, including as a Geophysicist from 1986 to 1992, a Senior Research Scientist from 1993 to 2010, and as Principal Investigator of the Gravity Recovery and Interior Laboratory (GRAIL) mission from 2008 to 2017, which was designed to create the most accurate gravitational map of the moon to date and give scientists insight into the moons internal structure, composition, and evolution, and held leadership roles associated with scientific experiments or instrumentation on ten NASA missions, Served as a Professor at MIT since 1995, and was Head of the Earth, Atmospheric, and Planetary Sciences Department from 2003 to 2011, Member of the Board of Directors of Textron Inc. and its Nominating and Corporate Governance, and Organization and Compensation Committees, Appointed by President Biden in 2021 as Co-Chair of the Presidents Council of Advisors on Science and Technology, 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, Co-Chair of the National Academies of Science, Engineering and Medicines National Science, Technology and Security Roundtable, Chair of NASAs Mars Sample Return Mission Standing Review Board, 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. 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