Bank of America

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Bank of America Reviews in Boston, MA

Updated August 15, 2014
Updated August 15, 2014
6,302 Reviews

3.3
6,302 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
2,667 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

117 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    long time employee, survivor of many mergers, liked the potential , good benefits.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Customer Support Associate  in  Boston, MA
    Former Employee - Customer Support Associate in Boston, MA

    Pros

    good personal time and sick days if needed, possible to work from home to limit sick time and short term leave. Mutiple services available day care, on call behavorial health.

    Cons

    they talk work -life balance but really can work more than standard hours, definitely a do more with less staff environment.

    Advice to ManagementAdvice

    Office culture was always good in my opinion, they stand for and promote good values, work life balance can be much better.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Great place to work

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

    Pros

    * Very good work-life balance
    * If we perform well, we get a raise as well as bonus
    * Can work from home and remote working also possible

    Cons

    * Raise and bonus is very less compared to other companies literally nothing

    Advice to ManagementAdvice

    * Need to provide competitive bonus, please do market research

    Recommends
    Neutral Outlook
    Approves of CEO
  3.  

    Trade Operations Analyst

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

    Pros

    Benefits, option to work from home.

    Cons

    Not many advancement opportunities. No Bonus.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
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  5.  

    Mortgage Loan Officer

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

    Pros

    The benefits are excellent and you can use the opportunity to learn a lot. There are tons of opportunity to explore but not for those who are part of the minority group.

    Cons

    Your individual talent and experience are often ignored if you are a minority. The minorities do not have a voice in the organization. You are not that important because you are just a number.

    Advice to ManagementAdvice

    Take a good look inside the company and you can count on your fingers how many minorities that hold a higher position.

    Recommends
    Positive Outlook
    Disapproves of CEO
  6. 2 people found this helpful  

    Only people with no drive should work here

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

    Pros

    I would only suggest people right out of school to work here. If you have any creativity or drive you will get frustrated with working at this company. This company doesn't feel the need to have people that want to think outside the box.

    Cons

    No salary increases, however they have no problem raising the cost of your benefits year after year.

    Advice to ManagementAdvice

    Learn that you are only as good as the people you hire. Working for you is like working for a dictator.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  7.  

    Great Employer

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Operations Analyst  in  Malden, MA
    Former Employee - Operations Analyst in Malden, MA

    Pros

    Very rewarding experience for 20 years with this employer.

    Cons

    Too bad this company is moving a lot of its processing out of state.

    Recommends
    No opinion of CEO
  8.  

    Heartless

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee  in  Dedham, MA
    Former Employee - Anonymous Employee in Dedham, MA

    Pros

    Benefits good, that's about it.

    Cons

    Souless, arrogant managers, they hate clients.

    Advice to ManagementAdvice

    Coach don't punish employees

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9.  

    Bank of America treatment of employees is based on what they feel the employee is worth to them.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Assistant Manager Associate  in  Boston, MA
    Current Employee - Assistant Manager Associate in Boston, MA

    Pros

    Believe in promoting from within. Willing to develop associates across varying lines of business

    Cons

    Stressful work environment, compensation not as high as competitors, constant turnover leads to perpetual short staffing

    Advice to ManagementAdvice

    Work on the customer experience and attrition

    Recommends
    Neutral Outlook
    Approves of CEO
  10.  

    Great place to work if you want a career.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Teller Operations Specialist  in  Boston, MA
    Current Employee - Teller Operations Specialist in Boston, MA

    Pros

    Ability to grow within the company, they love to promote from within. Great benefits. Associate oriented. Amazing resources to learn from.

    Cons

    Always changing procedures and expectations. Usually under staffed. Job expectations too much for the pay at the lower level of the banking center.

    Advice to ManagementAdvice

    1) Stop scrimping on staff
    2) If you want stellar employees at the banking center level, you have to pay more. You can't expect CEO performance for $11 an hour.

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Remote office is a huge perk

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President Marketing Product Manager  in  Boston, MA
    Current Employee - Vice President Marketing Product Manager in Boston, MA

    Pros

    BofA's MyWork program allows for certain employees to telecommute. They will pay a set amount for a desk/printer for your home office. This was a huge benefit to me while I was there and saved me more 3 hours of round-trip commuting.

    Cons

    It's a large company, and it takes some skill to navigate it.

    Advice to ManagementAdvice

    Keep the MyWork program - it's a huge selling point to job candidates and those who live in the suburbs of busy cities with a long commute.

    Recommends
    Neutral Outlook
    Approves of CEO

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