Bank of America

www.bankofamerica.com
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110 Employee Reviews Back to all Reviews

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  1.  

    HSSII

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

    I have been working at Bank of America full-time (more than 3 years)

    Pros

    You work with a great group of people that makes it feel like a family,

    Cons

    Management needs restructuring, sometimes it feels that you are not appreciated for the amount of work you do.

    Recommends
  2.  

    Good opportunity, but limited career growth

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

    I have been working at Bank of America full-time (more than 8 years)

    Pros

    Opportunity; deal flow; market leader

    Cons

    Very top heavy; limited mobility

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Great company moving in the right direction

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

    I have been working at Bank of America full-time (more than 8 years)

    Pros

    -Work life balance
    -Intelligent professionals
    -Good leadership

    Cons

    -Low opportunity for advancement
    -Comp struggles post bank fallout

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    BAML is all about relationships

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

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

    Pros

    BAML is a aggressive and results-focused culture that also highly values relationships and relationship-building. Things are generally done pragmatically and fairly quickly. BAML can be a good place to try to get your friends hired since the friendships are often what counts for getting head as much as your skills or knowledge.

    Cons

    People can take things a bit personally here compared to other bulge brackets. People at the firm can have trouble taking the long view, going strategic, or making decisions based on actual business drivers rather personal or political considerations.

    Advice to ManagementAdvice

    Try getting more technocratic, more polished and more professional. Stop letting people build fiefdoms and start forcing cross-selling, best practices, tighter expense management. In other words show some leadership and get people to grow up!

    Neutral Outlook
    No opinion of CEO
  6.  

    Great, good people

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

    I worked at Bank of America full-time (less than a year)

    Pros

    Great atmosphere, fun people, good exit opportunities

    Cons

    Stressful, kind of unexpectedly low salary

    Advice to ManagementAdvice

    Be more available

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    A solid company with a brand you can be proud of.

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

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

    Pros

    Good benefits, tremendous amount of resources for help and education, reliable management

    Cons

    Pay is on the lower side. Banking industry is volatile, never certain the company will not have to reduce labor force.

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Great organization to be a part of

    • 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 (more than a year)

    Pros

    Pleasantly surprised by the strength of the technology and caliber of some individuals in this organization. Benefits are good and you have the ability to maintain a good work/life balance while still being challenged.

    Cons

    Some individuals who have been with the firm for a long time seem to have lost sight of the bigger picture and bring a negative and occasionally unprofessional attitude to work. Cliques tend to form in some teams which can hinder progress and pull down the workplace environment. Aside from this advancement can be slow even for strong performers.

    Advice to ManagementAdvice

    Provide coaching for employees and mangers to help them foster a more inclusive environment. Individuals may feel threatened by change if they haven't been through it before and it is important to manage that so teams continue to perform at a high level.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  9.  

    Senior App Programmer

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

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

    Pros

    great place to work; great benefits

    Cons

    too many projects planned haphazardly

    Approves of CEO
  10.  

    Flexible challenging work Environment

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

    I have been working at Bank of America full-time (more than 8 years)

    Pros

    Flexible work schedule and work location, Telecommuting. Recognition for the work done.

    Cons

    Not much career growth, Though challenging there is lots of resources who dont have much knowledge. Process is a challenge

    Advice to ManagementAdvice

    Federal structure for business units does not work the way it is setup

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    No title

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

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

    Pros

    Working for an American Company is a big plus

    Cons

    This company is too big (to fail)

    Advice to ManagementAdvice

    Value contributors

    Recommends
    Neutral Outlook
    No opinion of CEO

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