Bank of America Analyst & Associate Salary
Complete compensation breakdown for investment banking professionals at Bank of America, including base salary, bonuses, and total compensation at every level.
Last updated April 2026 · By the Superday AI editorial team
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$110,000
$205,000 - $245,000
$325,000 - $375,000
Analysis
Analyst Compensation
| Level | Base Salary | Year-End Bonus | Total Comp |
|---|---|---|---|
| Analyst 1 | $110,000 | $70,000 - $100,000 | $205,000 - $245,000 |
| Analyst 2 | $125,000 | $85,000 - $120,000 | $210,000 - $245,000 |
| Analyst 3 | $135,000 | $95,000 - $135,000 | $230,000 - $270,000 |
* Stub bonus of $15,000 - $25,000 may apply for analysts starting mid-year.
Associate Compensation
| Level | Base Salary | Year-End Bonus | Total Comp |
|---|---|---|---|
| Associate 1 | $175,000 | $100,000 - $150,000 | $325,000 - $375,000 |
| Associate 2 | $200,000 | $120,000 - $190,000 | $320,000 - $390,000 |
How Bank of America Compares
Bank of America sits in the middle of the bulge bracket, roughly on par with Citi. Compensation is 10-15% below Goldman, Morgan Stanley, and JPMorgan, but 15-20% ahead of Barclays and Deutsche Bank.
Benefits & Perks
Meals & Transportation
Meal vouchers after 7pm, car service after 9pm
Bank of America Compensation Overview
Bank of America offers solid mid-tier bulge bracket compensation with an emphasis on work-life balance initiatives relative to peers. While base salaries match the street, bonus ranges tend to be slightly lower than Goldman, Morgan Stanley, and JPMorgan, reflecting BofA's focus on sustainable analyst workloads and retention. The firm has invested heavily in technology and process improvements to reduce weekend work, which is appreciated by analysts even if it means modestly lower bonuses. Coverage groups like healthcare and technology tend to perform well, while restructuring and leverage finance see strong deal flow. BofA's broad platform and Merrill Lynch integration provide unique exit opportunities into wealth management and private banking.
Frequently Asked Questions
What is the total compensation for a first-year analyst at Bank of America?
First-year analysts at Bank of America earn a base salary of $110,000 with a year-end bonus of $70,000 - $100,000, bringing total compensation to approximately $205,000 - $245,000.
How do Bank of America bonuses compare to other Bulge Bracket banks?
Bank of America sits in the middle of the bulge bracket, roughly on par with Citi. Compensation is 10-15% below Goldman, Morgan Stanley, and JPMorgan, but 15-20% ahead of Barclays and Deutsche Bank.
Does Bank of America pay overtime?
Yes, Bank of America does pay overtime to eligible analysts, which can meaningfully increase total compensation.