Bank of America

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Bank of America Reviews in New York, NY

Updated Jul 13, 2014
All Employees Current Employees Only

3.1 325 reviews

70% Approve of the CEO

Bank of America President & CEO Brian T. Moynihan

Brian T. Moynihan

(124 ratings)

59% of employees recommend this company to a friend

Review Highlights

Pros
  • Excellent work life balance including remote work from home for certain positions (in 352 reviews)

  • Great coworkers, good work /life balance they let a lot of people work from home (in 195 reviews)


Cons
  • Sexism; old BFF network; little work life balance, but they gave lip service to it (in 138 reviews)

  • Lack of communication from upper management with regards to procedure changes (in 162 reviews)

More Highlights
94 Employee Reviews Back to all reviews
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    • Culture & Values
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    • Senior Management
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    • No Opinion of CEO

     

    Bank of America Risk Technology & Analyst

    Technology Analyst (Former Employee) New York, NY

    ProsLaid back culture; The team leaders are quite nice people; With 70,000 pay, its a great work life balance.

    ConsOld teams with no space of young, hip individuals; The work is very uninteresting and monotonous.

    No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

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    Good place to work in terms of the people & culture, but lacking in career advancement/compensation.

    Business Analyst (Current Employee) New York, NY

    ProsMost people are respectful and courteous. Collaboration does occur. Recognition of your efforts occur.

    ConsAlthough the culture has started to shift towards recognizing employees for their work efforts, it's still not effective as the recognition is not coupled with appropriate compensation. The proverbial "pat on the back" is basically what one gets for their efforts. Training/skill development appears to be lacking. There's a heavy reliance on "E-Learning". I don't see as much investment in the employees as compared to other firms.

    Advice to Senior Management- Invest more in the skills and satisfaction of your employees to retain top talent. E-Learning is not enough, especially when not many people appear to be using it when there appears to be a status quo not to use it as it takes time from more "crucial" work.
    - Advertise more about internal mobility

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    OK Salary, Poor Management

    Personal Banker (Current Employee) New York, NY

    ProsGood Benefit Package, Easy going Working Environment

    ConsPoor Management, too big to compete with other financial institution

    Advice to Senior ManagementCould be more Human

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
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    Exciting ride

    Associate (Former Employee) New York, NY

    ProsBack then, there were some very smart quant teams in Merrill Lynch - which means you get to learn a lot in a short time and get to contribute to the bottomline immediately. Banks in general are very fast changing organizations, so you also learn quite a bit of organizational psychology.

    ConsI had a very good time there, so do not have much to add in the cons section. The chaos of 2008 took a toll on some of the groups there, but overall, I think it went well for most people where they stayed or left after Stan O Neal's departure.

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    Good Company with GREAT EMPLOYEE BENEFITS.

    Professional Teller (Current Employee) New York, NY

    ProsGreat Benefits
    Flexible Schedule
    Career Advancement
    You know exactly where you stand/ rank with your performance.
    Teller position is very involved in different aspects of the business, you can learn a lot and move up quickly.
    Have anonymous employee hotline for complaints about anyone or anything.

    ConsVery competitive and a lot of pressure is put on tellers its not just take care of the customer and make sure your money is right at the end of the day. The teller position is much more involved. You are measured which can be both a con and a pro. A pro because you know where you need to improve.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    1 person found this helpful  

    Great place to start a career!

    Assistant Manager (Current Employee) New York, NY

    ProsGreat benefits is a start! I have worked in many locations with ease as to transfers! If you move around a lot or know that you are going to move the company really supports the transfers and ensures a smooth transition. That is a bonus to working for such a large company, no matter where life takes you there will surely be an opportunity for you there!

    ConsYou must be a very flexible person and be able to easily adapt to the circumstance and environment. There is a lot of change that happens on a constant bases within the company and because it is so large every place you go wont be exactly the same.

    Advice to Senior ManagementEnforce more consistency within the company to make the customers and employees experience more delightful.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Approves of CEO

     

    Fast Learning

    Vice President Wealth Management (Former Employee) New York, NY

    ProsHigh pay across industry, fast learning

    ConsLong hours and difficult to move internally

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Lively and full of new stuff

    Technology Analyst (Current Employee) New York, NY

    ProsWork life balance is great

    ConsThey should create more openenss

    Advice to Senior ManagementShould be more extrovert

    Yes, I would recommend this company to a friend

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    Good

    Analyst (Current Employee) New York, NY

    ProsStimulating work with intelligent people

    ConsHours are often very long

    Advice to Senior ManagementNo advice to give now

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    People are really invested in your well being

    Summer Analyst (Current Employee) New York, NY

    ProsEveryone at the firm was friendly

    ConsTheir reputation is not the best.

    Advice to Senior ManagementContinue to cultivate relationships with the interns

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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