Bank of America

  www.bankofamerica.com
  www.bankofamerica.com
Work in HR? Unlock Free Profile

Bank of America Reviews in New York, NY

Updated September 5, 2014
Updated September 5, 2014
6,474 Reviews
3.3
6,474 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
2,761 Ratings

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

97 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Technology Analyst

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Technology Analyst  in  New York, NY
    Former Employee - Technology Analyst in New York, NY

    I worked at Bank of America full-time for more than a year

    Pros

    Good Salary and Benefits. Well structured opportunities for advancement.

    Cons

    Significant variation in the quality of managers. Technology is sometimes antiquated and is difficult to change

    Advice to ManagementAdvice

    Focus on hiring better technology professionals and get them better opportunities to make improvements

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  2.  

    Company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Analyst  in  New York, NY
    Current Employee - Financial Analyst in New York, NY

    I have been working at Bank of America full-time for less than a year

    Pros

    Exposure to different lines of business

    Cons

    Vertical Mobility is limited in certain businesses

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Experience has been very positive

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  New York, NY
    Current Employee - Anonymous Employee in New York, NY

    I have been working at Bank of America full-time for less than a year

    Pros

    Great opportunities to learn and the ability to move to different areas of the bank

    Cons

    Big company, sometimes hard to navigate

    Recommends
    Positive Outlook
    No opinion of CEO
  4. We want your feedback – Are these company reviews helpful to you?  Yes | No
  5.  

    Bank of America Risk Technology & Analyst

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Technology Analyst  in  New York, NY
    Former Employee - Technology Analyst in New York, NY

    I worked at Bank of America as an intern for less than a year

    Pros

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

    Cons

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

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  6.  

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Business Analyst  in  New York, NY
    Current Employee - Business Analyst in New York, NY

    I have been working at Bank of America full-time for more than 5 years

    Pros

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

    Cons

    Although 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 ManagementAdvice

    - 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

    Recommends
    Positive Outlook
    No opinion of CEO
  7.  

    OK Salary, Poor Management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Personal Banker  in  New York, NY
    Current Employee - Personal Banker in New York, NY

    I have been working at Bank of America full-time for more than a year

    Pros

    Good Benefit Package, Easy going Working Environment

    Cons

    Poor Management, too big to compete with other financial institution

    Advice to ManagementAdvice

    Could be more Human

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Exciting ride

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Associate  in  New York, NY
    Former Employee - Associate in New York, NY

    I worked at Bank of America full-time

    Pros

    Back 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.

    Cons

    I 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.

  9.  

    Good Company with GREAT EMPLOYEE BENEFITS.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Professional Teller  in  New York, NY
    Current Employee - Professional Teller in New York, NY

    I have been working at Bank of America part-time for more than 3 years

    Pros

    Great 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.

    Cons

    Very 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.

    Recommends
    Positive Outlook
    Approves of CEO
  10. 1 person found this helpful  

    Great place to start a career!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Assistant Manager  in  New York, NY
    Current Employee - Assistant Manager in New York, NY

    I have been working at Bank of America full-time for more than a year

    Pros

    Great 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!

    Cons

    You 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 ManagementAdvice

    Enforce more consistency within the company to make the customers and employees experience more delightful.

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Fast Learning

    Former Employee - Vice President Wealth Management  in  New York, NY
    Former Employee - Vice President Wealth Management in New York, NY

    I worked at Bank of America full-time

    Pros

    High pay across industry, fast learning

    Cons

    Long hours and difficult to move internally

    Recommends
    Positive Outlook
    Approves of CEO

Worked for Bank of America? Contribute to the Community!

Your response will be removed from the review – this cannot be undone.