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Do not work at BofA, that said, every org I have ever worked at or for in my 23 years of experience, Senior Manager is below a Vice President.
Banks follow a different structure. A VP at a bank (most, not all) does not equal a VP in industry
When I worked at BofA in CFO group, the titles were separate from role. Titles were earned by tenure. For example, you could be a finance manager, VP or finance manager, SVP
And comp was determined by role, not title. Could be different in other areas though.