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
Bank of America first-year analysts earn about $205,000 to $245,000 in total compensation, with the bank trading a slightly lower bonus for protected weekends, overtime pay, and a more sustainable pace than the most intense bulge brackets.
Key facts
- First-year analysts earn a $110,000 base salary plus a year-end bonus of roughly $70,000 to $100,000, for total first-year compensation of about $205,000 to $245,000 in 2026.
- First-year analysts also receive a $10,000 signing bonus and a stub bonus of $15,000 to $25,000.
- By AN3, total compensation reaches $230,000 to $270,000, on a $135,000 base.
- First-year associates earn a $175,000 base with bonuses of $100,000 to $150,000, for total compensation of $325,000 to $375,000.
- Bank of America sits in the middle of the bulge bracket, roughly on par with Citi, 10-15% below Goldman, Morgan Stanley, and JPMorgan, and 15-20% ahead of Barclays and Deutsche Bank.
Base & Bonus
First-year analysts earn a $110,000 base salary plus a year-end bonus of roughly $70,000 to $100,000, along with a $10,000 signing bonus. Base pay rises to $125,000 at AN2 and $135,000 at AN3, with year-end bonuses climbing to $85,000 to $120,000 and then $95,000 to $135,000. First-year associates earn a $175,000 base with bonuses of $100,000 to $150,000.
Total Compensation
Total first-year analyst compensation lands at about $205,000 to $245,000 in 2026. By AN3, the figure reaches $230,000 to $270,000, which remains competitive for the quality of deal experience the firm offers. First-year associates clear $325,000 to $375,000 in total.
How It Compares
Bank of America sits in the middle of the bulge bracket, roughly on par with Citi. Compensation runs 10-15% below Goldman, Morgan Stanley, and JPMorgan at the bonus level, but 15-20% ahead of Barclays and Deutsche Bank. That gap to the top tier has narrowed in recent years as BofA has made aggressive moves to retain talent.
Total Value Proposition
BofA has invested heavily in analyst quality of life, including meaningful overtime pay, protected Saturdays, enhanced mental health benefits, and a more sustainable pace than the most intense bulge brackets. For candidates who plan to stay in banking beyond two years rather than sprinting to PE, this trade-off can mean higher effective hourly compensation. The firm also offers dinner stipends, car service, comprehensive healthcare, and 401(k) matching, and its GCIB structure lets analysts explore different products and sectors.
Analyst Compensation
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 first-year compensation to approximately $205,000 - $245,000. Second-year analysts earn approximately $210,000 - $245,000 total comp, rising to $230,000 - $270,000 in the third year.
| 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.
More Bank of America Resources
Sources
- Bank of America - Students and Graduates Careers. Bank of America (accessed 2026-05-14)
- Johnson Associates - Compensation Reports. Johnson Associates (accessed 2026-05-14)
- Wall Street Year-End Bonus Outlook (WSJ coverage of Johnson Associates). The Wall Street Journal (accessed 2026-05-14)