What is the best big bank to work for?
Employee Ratings
Bank of America scored higher in 8 areas: Culture & Values, Work-life balance, Senior Management, Compensation & Benefits, Career Opportunities, CEO Approval, Recommend to a friend and Positive Business Outlook. Both tied in 2 areas: Overall Rating and Diversity & Inclusion.
- Dexian. 3.6 $24.81per hour. 603 reviews20 salaries reported.
- Wells Fargo. 3.7 $24.55per hour. 46,040 reviews24 salaries reported.
- Think Bank. 4.3 $24.38per hour. 18 reviews7 salaries reported.
- Chase. 3.8 $22.73per hour. ...
- M&T Bank. 3.4 $22.46per hour. ...
- Show more companies.
- Goldman Sachs & Co.
- Morgan Stanley.
- J.P. Morgan.
- Centerview Partners.
- Evercore.
- Lazard.
- PJT Partners.
- Moelis & Company.
Employee Ratings
Bank of America scored higher in 8 areas: Culture & Values, Work-life balance, Senior Management, Compensation & Benefits, Career Opportunities, CEO Approval, Recommend to a friend and Positive Business Outlook. Both tied in 2 areas: Overall Rating and Diversity & Inclusion.
Ex-Goldman Sachs helping train students/recent grads to secure jobs in banking - 90% placement rate to banks like GS, UBS and JP. These are the 10 hardest investment banks to get a job at in the world🌍👇 1. JP Morgan 2. Goldman Sachs 3.
- Financial Examiner.
- Investment Products Salesperson.
- Financial Analyst.
- Software Developers.
- Financial Advisor.
- Sales Manager.
- Marketing Manager.
- Financial Manager.
As a bank teller, you get a competitive salary. You also might receive discounts at local businesses, stock options, tuition assistance and special financing on loans and mortgages.
| RANK | BANK NAME | TOTAL ASSETS |
|---|---|---|
| 1 | JPMorgan Chase | $3.40 trillion |
| 2 | Bank of America | $2.54 trillion |
| 3 | Wells Fargo | $1.73 trillion |
| 4 | Citigroup | $1.68 trillion |
Banking is a profession that offers a huge variety of opportunities, as well as the possibility of rapid career progression, all with good pay and benefits. For those willing to accept the challenge, the rewards can be great. Wide range of job roles—not just in finance!
| Rank | Bank name | Headquarters location |
|---|---|---|
| 1 | JPMorgan Chase | New York City |
| 2 | Bank of America | Charlotte, North Carolina |
| 3 | Citigroup | New York City |
| 4 | Wells Fargo | San Francisco, California |
Who pays more JP Morgan or Bank of America?
In 2023, the average salary for a JPMorgan Chase employee is $120,000. The bank also offers a comprehensive benefits package, including health insurance, dental insurance, vision insurance, paid time off, and a retirement savings plan. Bank of America typically pays its employees slightly less than JPMorgan Chase.
JPMorgan Chase, or Chase Bank, is the biggest bank in America with nearly $3.4 trillion in assets. It boasts a vast network of over 4,800 physical branches and more than 15,000 ATMs. With generous bonuses and promotions and a variety of products, Chase is a popular choice for consumers across the country.
JP Morgan is one of the world's largest and most prestigious banking firms, so the competition for roles is fierce. JP Morgan is also known for its rigorous, intensive, and selective hiring process. It has extremely high standards in terms of talent acquisition and job candidate selection.
However, I can provide some information on the potential reasons why working in a bank might feel stressful. Working in a bank can be stressful for various reasons, such as dealing with high-pressure situations, handling large amounts of money, and facing strict deadlines.
Goldman Sachs & Co.
Goldman Sachs is widely known as the most prestigious investment bank on Wall Street. The bank's interns receive phenomenal training, hands-on experience, and the opportunity to rotate across many groups and desks.
- #1. Centerview Partners. ...
- #2. Harris Williams. ...
- #3. Greenhill & Co. ...
- #4. Evercore. ...
- #5. Moelis & Company. ...
- #6. Guggenheim Securities. ...
- #7. Perella Weinberg. ...
- #8. William Blair.
- Citi. 3.9 $22.53per hour. 19,878 reviews61 salaries reported.
- Flushing Bank. 3.5 $22.06per hour. 73 reviews56 salaries reported.
- Bank of the West. 3.4 $20.18per hour. 1,595 reviews8 salaries reported.
- M&T Bank. 3.4 $19.79per hour. ...
- Truist. 3.5 $19.29per hour. ...
- Show more companies.
Bank jobs generally come with good compensation. With a banking job, you can be sure of a steady source of income with high salaries. Depending on the job, you can earn upward of $30,000 in an entry-level role. Many higher-level jobs provide salaries of over $150,000.
Finance roles that typically pay the most include positions such as investment banking managing directors, hedge fund managers, or private equity partners. Chief financial officers (CFOs) of large corporations are also highly paid positions.
I quit being a bank teller because of erratic workflow, responsibility for important financial transactions, and enforced quotas. Here are some of the most common reasons that bank tellers quit their jobs to find a better career: Erratic workflow.
Why do bank jobs pay so much?
Bankers are the cogs of the system
This isn't just about bankers creaming money off the system. The role is tough and compensation reflects this. “Capital allocation is difficult,” says Barua. “And even more so if it is done internationally.”
Choosing between a big bank and a smaller one is a personal decision based on your career objectives and values. Larger banks offer more structure and promotion opportunities, while smaller banks can provide greater project creativity.
What is the No. 1 bank in America? J.P. Morgan Chase is the number one bank in America in terms of total assets held, according to the Federal Reserve.
JPMorgan Chase, the financial institution that owns Chase Bank, topped our experts' list because it's designated as the world's most systemically important bank on the 2023 G-SIB list. This designation means it has the highest loss absorbency requirements of any bank, providing more protection against financial crisis.
- Capital One – Best overall.
- First Horizon Bank – Best rate (savings)
- PNC – Best combo checking/savings account.
- Regions Bank – Best checking perks.
- Bank of America – Best for mobile banking.
- U.S. Bank – Best for low fees.
- Citibank – Best for relationship rewards.
- Chase – Best customer satisfaction.
References
- https://www.usbank.com/financialiq/plan-your-future/manage-wealth/anatomy-of-a-financial-plan-key-components-of-financial-planning.html
- https://www.preferredbank.com/personal/products-and-services/expanded-insurance-protection
- https://www.creditguru.com/index.php/credit-management/commercial-credit-management-articles/79-what-are-the-4-cs-of-credit
- https://www.linkedin.com/posts/sameer-merchant-cfa-04636218_these-are-the-10-hardest-investment-banks-activity-7124771664764030976-DyWU
- https://www.ziprecruiter.com/g/Highest-Paying-Banker-Jobs
- https://www.investopedia.com/articles/personal-finance/111214/where-does-bill-gates-keep-his-money.asp
- https://www.quora.com/If-I-make-1-million-per-year-how-much-would-my-hourly-wage-be
- https://www.careerprinciples.com/resources/investment-banking-hours
- https://www.andersonsearch.com/big-bank-vs-small-bank-careers-a-dive-into-your-potential-pathways/
- https://www.bankrate.com/banking/savings/ways-to-insure-excess-deposits/
- https://www.indeed.com/career-advice/finding-a-job/pros-and-cons-of-being-bank-teller
- https://vault.com/best-companies-to-work-for/banking/best-banking-companies-to-work-for/culture
- https://www.efinancialcareers.com/news/2019/05/what-you-can-expect-to-earn-at-tier-1-and-tier-2-banks-in-the-u.s
- https://www.sofi.com/learn/content/how-to-insure-excess-deposits/
- https://www.quora.com/How-many-banks-do-billionaires-have
- https://www.indeed.com/career/teller/salaries
- https://bankregdata.com/allHMmet.asp?met=ONE
- https://www.statista.com/statistics/1110551/leading-banks-ranked-tier-one-capital-united-kingdom/
- https://finance.yahoo.com/news/where-millionaires-keep-money-070638027.html
- https://brainly.com/question/34185172
- https://en.wikipedia.org/wiki/List_of_largest_banks_in_the_United_States
- https://www.gobankingrates.com/banking/banks/what-banks-do-most-celebrities-use/
- https://www.cfainstitute.org/en/programs/cfa/charterholder-careers/roles/investment-banker
- https://www.investopedia.com/terms/t/tier2capital.asp
- https://firsthand.co/best-companies-to-work-for/banking/best-banks-to-work-for-top-25
- https://www.theforage.com/blog/careers/best-paying-jobs-in-major-banks
- https://www.firstbanknigeria.com/home/about/our-history/
- https://www.investopedia.com/ask/answers/040115/what-most-important-c-five-cs-credit.asp
- https://www.visualcapitalist.com/visualizing-the-investments-of-the-ultra-wealthy/
- https://firsthand.co/best-companies-to-work-for/banking/most-prestigious-banking-companies
- http://www.bankregdata.com/allHMmet.asp?met=TWO
- https://www.blackrock.com/corporate/literature/whitepaper/eng-blackrock-worldwide-leader-in-asset-and-risk-management.pdf
- https://money.com/best-national-banks/
- https://www.bankrate.com/banking/biggest-banks-in-america/
- https://www.statista.com/statistics/294960/leading-bank-usa-by-tier-1-capital/
- https://retirement.fidelityinternational.com/financial-wellness/introduction-financial-wellness/
- https://corporatefinanceinstitute.com/resources/career/gpa-conversion-careers-finance-ib/
- https://www.investopedia.com/articles/personal-finance/100615/5-credit-cards-super-rich.asp
- https://www.investopedia.com/articles/professionals/080615/5-biggest-financial-advisory-firms-us.asp
- https://www.prnewswire.com/news-releases/vault-releases-2024-rankings-of-best-investment-banking-firms-to-work-for-302042444.html
- https://corporatefinanceinstitute.com/resources/career/typical-hierarchy-investment-banks/
- https://spero.financial/understanding-the-four-pillars-of-personal-finance/
- https://smartasset.com/financial-advisor/what-income-level-is-considered-rich
- https://beyond4cs.com/education/
- https://poetsandquants.com/2023/01/28/best-investment-banks-to-work-for-in-2023/4/
- https://www.quora.com/Do-JPMorgan-Chase-Bank-of-America-Citi-and-Wells-Fargo-pay-their-employees-differently-If-so-how-do-their-salaries-and-benefits-compare
- https://www.quora.com/Which-two-of-the-four-CS-of-credit-have-to-do-with-earning-potential-and-available-cash
- https://www.netsuite.com/portal/resource/articles/financial-management/healthcare-financial-management.shtml
- https://www.statista.com/statistics/250660/tier-1-capital-ratio-at-goldman-sachs/
- https://craft.co/blackrock/competitors
- https://hk.talent.com/en/convert?salary=300000&start=year&end=hour
- https://www.quarsh.com/blog/the-5-cs-of-people-management/
- https://www.citigroup.com/rcs/citigpa/akpublic/storage/public/Citi-at-a-Glance.pdf
- https://www.businessbecause.com/news/mba-jobs/8656/top-financial-companies
- https://www.indeed.com/career-advice/finding-a-job/top-millionaire-jobs
- https://www.gurufocus.com/term/capital_adequacy_tier_1_ratio_pct/WFC/Capital-Adequacy-Tier---Tier-1-Ratio-Percentage/Wells-Fargo
- https://www.glassdoor.com/Salaries/los-angeles-banker-salary-SRCH_IL.0,11_IM508_KO12,18.htm
- https://quintedge.com/investment-banking-companies-in-india/
- https://www.startengine.com/blog/understanding-the-differences-between-reg-a-tier-1-and-tier-2-offerings/
- https://www.careerprinciples.com/resources/top-10-highest-paying-investment-banks
- https://www.investopedia.com/articles/investing/060915/which-are-top-10-private-banks.asp
- https://joinhandshake.com/blog/students/major-banks-career-path/
- https://www.efinancialcareers.com/news/2015/09/why-bankers-are-still-paid-so-much
- https://money.usnews.com/careers/best-jobs/rankings/best-paying-jobs
- https://www.investopedia.com/terms/t/tier1capital.asp
- https://www.glassdoor.com/Compare/Bank-of-America-vs-Chase-EI_IE8874-E690765.htm
- https://financebuzz.com/banks-millionaires-use
- https://bigpayme.com/blog/the-four-pillars-of-personal-finance-and-how-it-affects-you/
- https://www.polsinelli.com/publications/how-to-protect-large-deposits-over-250000
- https://mergersandinquisitions.com/top-investment-banks/
- https://www.nasdaq.com/glossary/t/tier-1-and-tier-2
- https://en.wikipedia.org/wiki/List_of_investment_banks
- https://www.quora.com/What-companies-are-bigger-than-BlackRock
- https://www.zippia.com/answers/how-hard-is-it-to-get-a-job-at-jp-morgan/
- https://www.indeed.com/career/banker/salaries
- https://www.investopedia.com/articles/financialcareers/08/make-million.asp
- https://ift.world/concept1/concept-86-four-cs-capacity-collateral-covenants-character-traditional-credit-analysis/
- https://www.quora.com/When-in-your-life-did-working-in-a-bank-feel-stressful
- https://www.marketwatch.com/guides/banking/largest-banks-in-the-us/
- https://www.carboncollective.co/sustainable-investing/investment-banker-salary
- https://www.wisbank.com/events/6-cs-to-a-lenders-decision-making-process/
- https://s3.amazonaws.com/wsp-blog-images/uploads/2020/11/04142619/WSP_SalaryGuide_V3.pdf
- https://www.indeed.com/career-advice/finding-a-job/jobs-that-pay-over-500k-a-year
- https://innotechtoday.com/blackrock-is-the-biggest-company-youve-never-heard-of/
- https://www.papayaglobal.com/glossary/tier-1-bank/
- https://www.investopedia.com/terms/f/five-c-credit.asp
- https://www.businessbecause.com/news/mba-jobs/8548/best-banks-to-work-for
- https://mergersandinquisitions.com/investment-banking-career-path/
- https://www.motherjones.com/politics/2024/01/oligarch-hide-asset-rich-yacht/
- https://www.kubera.com/blog/best-bank-for-high-net-worth
- https://www.forbes.com/advisor/credit-score/5-cs-of-credit/
- https://www.quora.com/How-rich-is-a-salary-of-800k-a-year-What-lifestyle-can-someone-afford-on-that-income-For-instance-what-type-of-clothing-cars-homes-vacations-etc
- https://privatebank.jpmorgan.com/nam/en/insights/wealth-planning/jp-morgan-private-bank-is-named-2024s-worlds-best-private-bank-for-the-fifth-year-in-a-row
- https://finance.yahoo.com/news/bezos-gates-buffet-musks-net-150248645.html
- https://prosperityconnection.org/blog/4cs-of-home-buying/
- https://www.business.org/marketing/sales/4cs-marketing-model-good-business/
- https://www.joinleland.com/library/a/top-ten-investment-banks
- https://maxdiamonds.com.au/blog/diamond-clarity-or-colour-which-is-more-important/
- https://www.banktalenthq.com/careers-in-banking/why-a-career-in-banking
- https://finance.yahoo.com/news/4-most-popular-banks-millionaires-150054420.html
- https://www.investopedia.com/terms/h/hnwi.asp
- https://www.investopedia.com/articles/personal-finance/042215/what-do-investment-bankers-really-do.asp
- https://fortune.com/2016/02/09/goldman-sachs-job-rate/
- https://www.vox.com/money/2024/3/13/24086102/billionaires-wealthy-tax-avoidance-loopholes
- https://www.indeed.com/career-advice/finding-a-job/jobs-paying-over-300k
- https://www.gurufocus.com/term/capital_adequacy_tier_1_ratio_pct/JPM/Capital-Adequacy-Tier---Tier-1-Ratio-Percentage/JPM
- https://www.forbes.com/advisor/banking/safest-banks-in-the-us/
- https://www.reuters.com/business/finance/santanders-tier-1-capital-requirement-raised-by-ecb-2023-12-11/
- https://www.linkedin.com/advice/1/how-can-you-incorporate-4c-model-your-performance
- https://www.forbesindia.com/article/explainers/top-10-richest-people-world/85541/1
- https://www.investopedia.com/terms/b/bulgebracket.asp
- https://smartasset.com/investing/where-do-billionaires-keep-their-money
- https://www.heartsonfire.com/education/which-of-the-4cs-matter-most
- https://www.consumerfinance.gov/ask-cfpb/how-can-i-be-sure-my-money-is-safe-in-my-bank-account-en-1005/
- https://www.quora.com/Is-it-possible-to-have-one-billion-dollars-in-your-personal-savings-account-if-yes-what-are-the-implications
- https://www.smartinsights.com/marketing-planning/marketing-models/4cs-marketing-model/
- https://www.navyfederal.org/makingcents/business/the-5-cs-of-credit.html
- https://80000hours.org/articles/highest-paying-jobs/
- https://www.stlouisfed.org/education/making-personal-finance-decisions-curriculum-unit/three-cs-of-credit
- https://www.zippia.com/answers/why-i-quit-being-a-bank-teller/
- https://study.com/academy/lesson/three-cs-of-credit-character-capital-capacity.html
- https://www.peakframeworks.com/post/evercore-overview
- https://www.forbes.com/advisor/banking/largest-banks-in-the-us/
