The risks and uncertainties that could affect the company's actual outcomes or results are discussed more fully in our most recent Annual Report on Form 10-K, as well as any updated risks and uncertainties contained in subsequent reports filed with the Securities and Exchange Commission. Overall, I'd guess less than 1% of overall population are VPs. What cepheid said, pretty much. Served as the non-executive Chairman of the Board of Directors of Viacom Inc. Sure. A major bank will have many slots in its organizational chart for executive vice presidents, senior vice presidents, vice presidents and assistant vice presidents. Since there are so many VPs and SVPs, it doesn't mean much. This means that the President cannot fire the Vice President. San Francisco Bay Area, CA, > Sometimes, someone who was key in IT got some kind of VP title like AVP because they needed to be paid higher than what the normal pay scales allowed. When Nixon himself resigned in disgrace, his second vice president, Gerald Ford, became president. Bankers' preference for the former vice president comes even as the Trump administration has delivered in … I work for a top top tier bank, similar in size and clout to JPM (although we don't concentrate in retail as much).Title means everything... it's how you're ranked in numerous ways - rank, salary, perks, etc. As both were elected by the people, the VP doesn't work for the President. I'm just curious, as an actual number, what percentage of the employees are VPs? In IT, I think there were only 2 non-officers (in a staff of 6). Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. This thread got me thinking, I hope to make AVP in the next 18 months... 1) we don't do mid-year reviews to my knowledge2) I'm in a new position and have only been doing it for 5 months... 3) You're right! Bank of America does not assume liability for any loss or damage resulting from anyone's reliance on the information provided. Some of these people did not even have people under them. Silicon Valley, CA, > 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. It really depends on the organization on what being a 'VP' means. 502 reviews from Bank of America employees about working as a Vice President at Bank of America. Former Senior Vice President and Treasurer, PepsiCo, Inc. Former Chief Executive Officer and President, ITT Inc. Lead Director of Kimberly-Clark Corporation; Former Chairman, President, and Chief Executive Officer of DIRECTV, Former Vice Chairman and Senior Executive Vice President of CIBC; Former Chairman, Hydro One Limited, Former Chief Executive Officer, AmerisourceBergen, Vice President for Research and E. A. Griswold Professor of Geophysics, MIT, about Breaking the cycle and ending hunger, > I work for a bank that is similar to JP Morgan and I can tell you one thing...there are a lot of VPs. Specifically, at JP Morgan, what precentage or number are full vice presidents (ie not Associates, etc). I could have my dog be VP, for all that title's worth, but I know he'll sell company secrets for bacon, so I put him in charge of a project where he sits under a coffee table and emits odors (I also have a backup dog to emit odors if my main dog fails in this duty).I can also steal from Dave Barry in my company. Bank of America" is the marketing name for the global banking and global markets business of Bank of America Corporation. His team is responsible for providing 66 million consumer and 3 million small business clients in the United States a full range of financial products and services through Bank of America’s network of approximately 4,300 financial centers … Nevertheless, modern vice presidents have often previously served in Congress, and are often tasked with helping to advance an administration's legislative priorities. Advisors' (MD level) but by and large, this is how it goes for an investment banker.Now, as far as other aspects of the bank... Traders (execution guys) are typically ranked at VPs, with the jr guys with less experience being ranked at AVP level. You'll know someone is important when they're a director. The typical Bank of America Senior Vice President salary is $159,517. > I was a "manager" long before I ever managed anyone, but that's just the name that went with that positions level. Download the latest update of Adobe Reader. This estimate is based upon 49 Bank of America Vice President salary report(s) provided by employees or estimated based upon statistical methods. He was a VP at medium sized regional bank. There are only two people in the USA who are elected by all 50 states (in a "national election") – the President and the Vice President. Opinions or ideas expressed are not necessarily those of Bank of America nor do they reflect their views or endorsement. Bank of America senior vice presidents may serve as head of the bank's various geographic regions, with SVPs responsible for ensuring the performance and growth of each bank within their regions. The percentage, while not easily quantifiable, can be labeled qualitatively as "laughable".I work with a check clearing house, which is most definitely NOT a bank, and everyone in the room was a VP, execpt for the Executive VP. I talked to a VP there once and he said he was a Manager. A Day in the Life: Margie Rice, Vice President and Senior Portfolio Management Officer at Bank of America Merrill Lynch 7:30 a.m. to 8:30 a.m.: I start my day by catching up on e … I used to work at a 23 branch regional bank. At one time, we had 5 "Mr. X appointed to the newly created position of VP of Department Y" in a single year. An investment bank vice president is treated as an individual with his own thoughts and opinions. Statistics and metrics included in our ESG documents are estimates and may be based on assumptions or developing standards. Vice presidents help to manage clients on a daily basis, says Michel. 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