Bank of America

  www.bankofamerica.com
  www.bankofamerica.com

Bank of America Reviews in Charlotte, NC

Updated November 24, 2014
Updated November 24, 2014
6,995 Reviews
3.3
6,995 Reviews
Rating Trends

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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
2,987 Ratings

Review Highlights

Pros
  • Excellent work life balance including remote work from home for certain positions (in 417 reviews)

  • They have a program called MyWork which allows you to work from home or from any location (in 223 reviews)


Cons
  • Work/life balance was a little tough but you are going to get that anywhere to be honest (in 180 reviews)

  • upper management failed to listen to the lower ranks often missing oppertuinitys (in 184 reviews)

More Highlights

501 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Life at Bofa

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Technology Developer and Analyst in Charlotte, NC
    Current Employee - Technology Developer and Analyst in Charlotte, NC

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

    Pros

    As a fresh Graduate Bank of america is the best place to start career with decent package,you will enjoy the training provided by the team.

    Cons

    I heard that Relocation and change in technology are the cons in Bank of america,As there are multiple projects you have to wait for atleast 1 year to change your technology.

    Advice to ManagementAdvice

    Benefits are awesome

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    no work life balance

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President Technology Manager in Charlotte, NC
    Current Employee - Vice President Technology Manager in Charlotte, NC

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

    Pros

    discounts, global workforce, not really much else is a pro

    Cons

    eliminating work from home and not compensating employees for the additional expenses to commute. Management is only interested in their annual bonus and do not appreciate direct report who performs above and beyond expectations.
    If you are over 50 yrs of age, expect a severance package soon!

    Advice to ManagementAdvice

    Stop wasting money on gimmicks to improve employee satisfaction and pay more attention to your associates. LISTEN to your staff. You may be surprised what you learn.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  3.  

    Long Hours, Culture of Stress

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - IT Manager in Charlotte, NC
    Former Employee - IT Manager in Charlotte, NC

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

    Pros

    Very talented people at all levels. Good processes in place. Reasonable pay and benefits. Good training opportunities. Encouraged to give back to the community through volunteering time and matching monetary gifts to charity.

    Cons

    Expectations are very high, almost un-achievable. People are expected to work long hours without question. Everything is highest priority. Layoffs happen so often, employees feel like on any day they could be gone with no warning. Culture is one of making everyone else look bad so you'll look good. Promotions happen very rarely - people are brought in from outside instead. Ocassional demotions of large numbers of people to align to a metric.

    Advice to ManagementAdvice

    Need to listen more to employees who are working long hours, help to prioritize rather than encourage just working more hours. Hire more people or reduce the work load.

    Recommends
    Neutral Outlook
    Approves of CEO
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  5.  

    Working in the banking industry has its significant challenges since 2009. Those challenges largely remain.

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

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

    Pros

    IT efforts are still interesting to work on, good team.

    Cons

    Attrition without replacement, more demands, less flexibility.

    Advice to ManagementAdvice

    Maintain a strategy that relates more closely to the business of banking, drop the buzz words and speak in terms of the financials with real, actionable targets.

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

    No stability...3 managers in 8 months

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Assistant Vice President in Charlotte, NC
    Former Employee - Assistant Vice President in Charlotte, NC

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

    Pros

    Good salary, benefits, etc. Most of my coworkers were pretty cool - very jaded, but appropriately so. I learned a lot of programming while working there.

    Cons

    Cutthroat competition with my first manager. She wouldn't even share her SAS code with me after handing off a project. Horrible boss.

    Advice to ManagementAdvice

    They need to put a bigger priority on management training. Two of my three managers were just awful. The last manager I had was pretty solid. Tough but fair.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  7.  

    Good pay... No work-life balance and no working flexibility now that Moynihan is in charge.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Change Manager in Charlotte, NC
    Former Employee - Change Manager in Charlotte, NC

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

    Pros

    Good pay, can learn a lot quickly and the people you work with are, by and large, bright and good people.

    Cons

    Expected to do twice the work in the normal day. Management is not at all people oriented although they want you to truly believe they are. They espouse the associate survey annually and the progress they are making checking off the tasks as their accomplishments. The problem is that the same items of dissatisfaction are on the survey year after year...but no one does a year over year comparison of people's issues and whether there has been true improvement. They just remove people who speak up.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  8.  

    Treat all employees fairly. Met with 7 female employees in different departments at BAC; none could recommend BAC to me.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior IT Quantitative Data Analyst in Charlotte, NC
    Former Employee - Senior IT Quantitative Data Analyst in Charlotte, NC

    I worked at Bank of America as a contractor (more than an year)

    Pros

    Some good and bad managers. Many of the employees are miserable but afraid to leave the company due to seniority.

    Cons

    BAC pays contractors more than twice what they pay some employees for doing the same job. Good for me, but sad for them.

    Advice to ManagementAdvice

    Treat all employees fairly and pay them fairly for great work.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  9.  

    Times are tough

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President Technology in Charlotte, NC
    Former Employee - Vice President Technology in Charlotte, NC

    I worked at Bank of America full-time (more than 8 years)

    Pros

    Paid was decent, team members where solid.

    Cons

    Very limited vertical career opportunities, leadership changes every 9 to 12 months, talent ranking was a popularity contest and not based on accomplishments and performance against P4P, SLT continuously chasing latest ITL governance methodology and not concerned about stabilizing environment,
    Year or year erosion of health benefits deferring costs back on employees while not adjusting salaries.

    Advice to ManagementAdvice

    Stick around for more than three years and invest in your employees.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  10.  

    Good experience straight out of college

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

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

    Pros

    Good office culture among teammates

    Cons

    Management very layered, no major advancement

    Advice to ManagementAdvice

    Promote from within

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Downhill from here

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

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

    Pros

    Great Maternity leave and banking benefits. Competitive salaries

    Cons

    Too big to fail, too big to succeed. Very complex and slow moving company. Muddled with political style management and federal regulators breathing down your neck. It can be very stressful and dog eat dog.

    Advice to ManagementAdvice

    Be more flexible with your associates. Work/Life balance. Provide upward mobility.

    Recommends
    Neutral Outlook
    No opinion of CEO

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