Bank of America Reviews

Updated March 27, 2015
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3.3
884 Reviews
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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
3,403 Ratings

884 Employee Reviews

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  1. 15 people found this helpful

    Company Struggles Painful for Staff

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

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

    Pros

    Great benefits
    Good tech support
    Smart people

    Cons

    Extremely stressful environment. Constant fear of layoffs is exhausting the staff. Management is constantly re-organizing groups and laying people without adjusting the workload of the survivors.

    Advice to ManagementAdvice

    Please consider the human impact of constant reorganization. We feel like we are starting over and over every three months.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  2. The company is great there is lots of team work.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Accounting in Los Angeles, CA
    Current Employee - Accounting in Los Angeles, CA

    I have been working at Bank of America

    Pros

    You are always busy, never bored so the day goes fast and you learn more

    Cons

    If you do not like math your life will be misreable because that is what it is all about

    Advice to ManagementAdvice

    They are strict and expect your best in everything

    Recommends
    Positive Outlook
    Disapproves of CEO
  3. Great environment. Constant fear of layoffs and reorganizations.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Consultant in San Francisco, CA
    Former Employee - Senior Consultant in San Francisco, CA

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

    Pros

    Great benefits. Excellent colleagues. Many of my teammates during the several teams I worked with were extraordinarily skilled and learned a lot from them. Good life-work balance: I had the privilege to telecommute for the last ten years, which was great for my family.

    Cons

    Like all big multinational corporations, there are too many levels of management and way too many divisions. The main effect of this fragmentation is upper management are constantly involved in reducing redundancy and realigning organizations. We have seen too many waves of layoffs and movement of teams from one hierarchy to a new one overnight (in over a decade of work there I had about 14 bosses, no joke). I finally succumbed to another "reduction in force" attack, this time due to the Mortgage business being outsourced in the coming years.

    Advice to ManagementAdvice

    Stop the Reign of Terror about layoffs already! Living with uncertainty has an enormous impact in employee productivity, for three months after every layoff wave everybody invests a good portion of their time to polish their resumes. It'd be better to have a program to help the employees you plan to let go in the near future, so they have a chance to prepare and put an end to the rumor machine.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
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  5. A company that respects its employees

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Mortgage Processor in Los Angeles, CA
    Current Employee - Mortgage Processor in Los Angeles, CA

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

    Pros

    Great benefits, generous vacation. Can be a fun place to work when times are good. Very diverse employee population.

    Cons

    Workloads can be high making it tough to meet each customers expectations. Negative media attention causes many customers to take out frustrations on employees even leading to death threats for some who handled loan modifications. Processes constantly changing causing disconnects between lines of business.

    Recommends
    Neutral Outlook
  6. Great company to work for.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Advisor - PMD in Temecula, CA
    Former Employee - Financial Advisor - PMD in Temecula, CA

    I worked at Bank of America

    Pros

    Always a growing industry with a lot of opportunities in the financial field.

    Cons

    Need better internal training program for PMD.

    Advice to ManagementAdvice

    More flexibility with their licensing program for Series 66.

    Recommends
    Positive Outlook
    Approves of CEO
  7. Sales stress great benefits

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Personal Banker in San Diego, CA
    Current Employee - Personal Banker in San Diego, CA

    I have been working at Bank of America

    Pros

    They have great benefits. As a full time employee (Personal Banker) you get 3 weeks PAID vacation time. 40 hours sick time. Paid holidays, short days on Saturday and off Sunday.

    Cons

    Sales stress, incentive change, changed mgmt

    Recommends
    Neutral Outlook
    Approves of CEO
  8. Personal Banker Duties

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

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

    Pros

    Great company to work for.

    Cons

    Salary Raises are not offered often.

    Advice to ManagementAdvice

    Motivate your employers by raising their salary's every time they deliver their goals.

    Recommends
    Positive Outlook
  9. Great job for a college student.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Merchant Teller in Anaheim, CA
    Former Employee - Merchant Teller in Anaheim, CA

    I worked at Bank of America part-time (more than 5 years)

    Pros

    Tuition reimbursement, holiday pay, 401k, networking, medical dental visual insurance, vacation pay, sick pay

    Cons

    not enough staff at the branches

    Advice to ManagementAdvice

    Relax on the number of quotas

    Recommends
    Neutral Outlook
    No opinion of CEO
  10. 1 person found this helpful

    Great company.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Personal Banker in Rancho Park, CA
    Current Employee - Personal Banker in Rancho Park, CA

    I have been working at Bank of America

    Pros

    The training and understanding of the incentive plan will help you exceed.

    Cons

    They are always on you if you don't hit your goals.

    Advice to ManagementAdvice

    Make more things available to get credit on

    Recommends
    Positive Outlook
    No opinion of CEO
  11. It's a Grind...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Customer Service and Sales Specialist II in Brea, CA
    Current Employee - Customer Service and Sales Specialist II in Brea, CA

    I have been working at Bank of America

    Pros

    Great people, excellent opportunity to learn about credit cards and the market.

    Cons

    no real growth opportunity, very political in regards to opportunity to lead

    Recommends
    Negative Outlook
    No opinion of CEO

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