Bank of America Reviews

Updated August 28, 2015
1425 reviews filtered by
  • Any Location
  • Any Job Title
  • Any Status
Employment Status

Reset
2.0
Rating Trends
Recommend to a friend
Approve of CEO
Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
515 Ratings

Pros
  • Flexibility - work from home program; Work Life Balance; (in 417 reviews)

  • Flexibility to work from home when needed (in 223 reviews)

Cons
  • Work/Life balance is biased towards work (in 180 reviews)

  • no work-life balance only upper management (in 184 reviews)

More Pros and Cons

1,425 Employee Reviews

Sort: Popular Rating Date
  1. Financial Solutions Advisor

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Solutions Advisor
    Former Employee - Financial Solutions Advisor

    I worked at Bank of America full-time

    Pros

    Great opportunity to be a financial advisor with a base salary plus incentive compensation

    Cons

    Too many banking related duties for a typical financial advisor

    Advice to Management

    Be more forthcoming as to changes that will impact one's job description and compensation


  2. Underwriter

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Mortgage Underwriter
    Former Employee - Mortgage Underwriter
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Bank of America full-time (More than 3 years)

    Pros

    The benefits were really good. The co-workers really worked well as a team. The office was within 5 miles of my residence.

    Cons

    I did not feel appreciated. Always asked to give 110% from management and executive management but they didn't really make me feel as if they appreciated or really even knew me.

    Advice to Management

    Definately needs to listen more. Get to know their employees I believe that helps make them feel recognized and appreciated.


  3. Assisant Vice President

    Former Freelancer - Anonymous Freelancer in Atlanta, GA
    Former Freelancer - Anonymous Freelancer in Atlanta, GA

    Pros

    Modern Technology is the best at bank.

    Cons

    Legal Issues are a down side

    Advice to Management

    Reduce Employee Turn Over


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Assistant Vice Pessident

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Strategic Management and Product Development and Management in New York, NY
    Former Employee - Strategic Management and Product Development and Management in New York, NY
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Great benefits package and competitive pay for healthcare, 401K, and vacation time. An abundance of systems and software to facilitate your work when needed. Great environment for learning quickly and developing career skills to make you competitive Daily easy to get promoted Opportunities to collaborate with different teams if strongly desired Great community volunteer opportunities

    Cons

    POLITICAL and bureaucratic to the highest degree Lack of transparency from management at times Definitely not a system meritocracy Promoted often with lack of alignment of pay Poor transparency into bonus awards and methodology Poor system integration at times Poor mentorship Rigorous work hours with lack of compensation to support it. Competitive environment with little reward for hard work and little acknowledgement of individual accomplishments if you have the wrong manager

    Advice to Management

    Need to support junior talent and ideas more Should focus on meritocracy and collaboration collectively rather than political positioning More training for managers in how to manage


  6. Avoid Bank Teller Role

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Teller in San Francisco, CA
    Current Employee - Senior Teller in San Francisco, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Perhaps a higher starting wage than other retail jobs, such as a clothing store. More days off than typical retail stores, since they close for many holidays.

    Cons

    A great deal of responsibility handling cash, but very little pay and huge pressure to sell to your customers. Balancing your cash can is a basic minimum expectation, and selling products (credit cards, refinance, auto loans, new savings, etc) is constantly pressured upon you. A lot of your performance reviews will equate to your sales.

    Advice to Management

    Either ease the pressure of the job, or pay better.


  7. Helpful (4)

    If you are desperate, and only for short term.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President; Systems Engineer in Hartford, CT
    Current Employee - Assistant Vice President; Systems Engineer in Hartford, CT
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Bank of America full-time (More than 10 years)

    Pros

    There used to be Pros, but place has really gone downhill.

    Cons

    Management is lost. No technical or business leadership. Threats of layoffs are constant. Hire totally inexperienced people. Everything is vendor driven. Internal Political wars are constant

    Advice to Management

    I have given advise up to Band 2 levels. It's difficult to get delusional Senior Leadership to listen


  8. Helpful (1)

    Can't wait to leave

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Customer Support Specialist
    Current Employee - Customer Support Specialist
    Doesn't Recommend
    Negative Outlook

    I have been working at Bank of America (Less than a year)

    Pros

    The Job is Easy, great people to work with, Support from management during escalated calls,

    Cons

    Call flow does not Stop, Lied to about schedule changes, high turnover rate

    Advice to Management

    Remain honest about changes


  9. Helpful (1)

    Used to be a great place to work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Fraud Analyst II in Pasadena, CA
    Current Employee - Fraud Analyst II in Pasadena, CA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Health benefits, 401k, banking perks, vacation pay, sick pay, steady job, decent wage, overtime available, possility to grow within company, volunteer events.

    Cons

    Low morale, half hour lunch, you feel expendable, position transition not well planned, training materials not up to par, work weekends and holidays, low bonus.

    Advice to Management

    Average Handle Time is key. If you're, you won't succeed.


  10. Helpful (1)

    Good pay for a dying department

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Trader Support in Chicago, IL
    Current Employee - Trader Support in Chicago, IL
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Good Pay and Benefits Not a lot of stress 4 Weeks Paid Vacation Great Direct Boss and Co-Workers (for the most part)

    Cons

    A lot of red tape and hoops to jump through Pretty boring and monotonous Heavy male dominated industry, as well as an older crowd Not a lot of creativity Constant worry about being laid off

    Advice to Management

    Pay attention to the employees and put yourself in the shoes of the lower-level employees. How can you make their job easier and more efficient? Way too many hoops and red tape to jump through these days. Their hands may be tied but it can be frustrating being a front line employee.


  11. IT Professional

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Orlando, FL
    Former Employee - Anonymous Employee in Orlando, FL
    Negative Outlook
    No opinion of CEO

    I worked at Bank of America full-time (More than 10 years)

    Pros

    Large organization with good benefits. Teams work well together.

    Cons

    Not too many opportunities move or advance. No career help given by management. Slow to make technical changes.



Showing 1,425 of 9,834 reviews
Reset Filters
RSS Feed </> Embed

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