Bank of America Banking Center Manager Salary
A Banking Center Manager oversees a team of both sales and service employees for the Bank of America at one of its local branches. There are three levels of banking center managers, depending on the size of the branch. Average annual salaries range from $55,402 to $73,250, excluding bonuses and commissions. These figures are provided by Glass Door, which claims to obtain its data directly from Bank of America employees who post their salaries anonymously. The Bureau of Labor Statistics (BLS) does not collect data on specific companies.
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Banking Center Manager Qualifications
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To qualify for this position, Bank of America requires applicants to possess at least three to five years of recent management experience. Bank of America does not require applicants to be bilingual or have sales experience, but they do consider those qualities as positive assets when reviewing applications. Applicants will also have to pass a criminal background check and perhaps a credit check.
Banking Center Manager I
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The Banking Center Manager I position is designed for those who are managing smaller Bank of America branches. These branches typically have 10 or fewer staff members. As of the time of publication, the average annual salary of a Banking Center Manager I is $55,402. The average bonus for this position is $8,181, and the average annual commission on sales is $7,167.
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Banking Center Manager II
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The Banking Center Manager II position is designed for those who are managing medium to large Bank of America branches that typically have more than 10 staff members at each branch. These managers may also manage two or more small branches. As of the time of publication, the average annual salary for a Banking Center Manager II $56,810. The average annual bonus for this position is $8,875, and the average annual commission on sales is $9,000.
Banking Center Manager III
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The Banking Center Manager III position is designed for those who are managing very large Bank of America branches that typically have more than 20 staff members at each branch. These managers may also manage several small branches instead of one very large branch. As of the time of publication, the average annual salary for the Banking Center Manager III position is $73,250, and the average annual bonus is $10,250.
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