Personal Banker at Bank of America Corp. (BOFA) Salary

Personal Bankers at Bank of America Corp. (BOFA) take home an average $18.66 per hour. Geography and experience level each impact pay for this group, with the former having the largest influence. Women make up a slight majority of Personal Bankers at Bank of America Corp. (BOFA) (52 percent) survey respondents. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. Job satisfaction is high and work is enjoyable for most Personal Bankers at Bank of America Corp. (BOFA). Respondents to the PayScale salary survey provided the data for this report.

$34,354 - $50,017
$34K
$41K
$50K
MEDIAN: $40,713
10%
50%
90%

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$15.57 - $20.56
$16
$19
$21
MEDIAN: $18.66
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$18K$36K$54K
Salary
$34,354 - $50,017  
   
Bonus
$1,192 - $10,094  
Commission
$1,490 - $8,054  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$33,490 - $52,544  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 59
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$11$22$33
Hourly Rate
$15.57 - $20.56  
   
Overtime
$21.14 - $32.67  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$22K$44K$66K
Bonus
$1,192 - $10,094  
   
Commission
$1,490 - $8,054  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$33,490 - $52,544  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 73

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Pay by Experience Level for Personal Banker

Pay by Experience for a Personal Banker has a positive trend. An entry-level Personal Banker with less than 5 years of experience can expect to earn an average total compensation of $41,000 based on 92 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Personal Banker with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $43,000 based on 44 salaries. An experienced Personal Banker which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $49,000 based on 16 salaries. A Personal Banker with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $42,000 based on 13 salaries.

Pay Difference by Location

National Average: $41,606

Larger city markers indicate a job is popular in that location.

San Jose is home to an above-average pay rate for Personal Bankers at Bank of America Corp. (BOFA), 22 percent higher than the national average. Personal Bankers at Bank of America Corp. (BOFA) will also find cushy salaries in New York (+12 percent). In Dallas, salaries are 12 percent below the national average and represent the lowest-paying market. Employers pay around 6 percent less in Houston and 5 percent less in Miami, below-median salaries for those in this field.

Key Stats for Personal Banker

Gender

Female
52 %
Male
48 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 30 votes.
Less than 1 year
5%
1-4 years
55%
5-9 years
28%
10-19 years
10%
20 years or more
3%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Personal Banker Salaries

▲17%

▲2%

Late-Career
▲1%

National Average
$42,000

▼2%

Skills That Affect Personal Banker Salaries

Mortgage Loans
▲16%


Strategic Sales
▲3%




Sales
▼0%

Customer Service
▼0%

Account Management
▼0%

National Average
$42,000

▼1%





Inside Sales
▼7%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 30 votes.

Gender

Female
52 %
Male
48 %

Years of Experience

Less than 1 year
5%
1-4 years
55%
5-9 years
28%
10-19 years
10%
20 years or more
3%

Common Health Benefits

medical benefits
Medical: 84%
dental benefits
Dental: 77%
vision benefits
Vision: 69%
no benefits
None: 14%