Bank of America

  www.bankofamerica.com
  www.bankofamerica.com

Bank of America Reviews in Charlotte, NC

Updated December 16, 2014
Updated December 16, 2014
7,128 Reviews
3.3
7,128 Reviews
Rating Trends

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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
3,041 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

507 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Everything is a fire drill

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

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

    Pros

    Competitive salaries and exceptional benefits

    Cons

    Lack of organization, quality of work trumped by speed of delivery, I want this "yesterday" attitude

    Advice to ManagementAdvice

    Trust more in your employees and remove top-down style that prevents intelligent folks from delivering top-notch solutions

    Recommends
    Neutral Outlook
    Approves of CEO
  2.  

    Learning and Development Consultant III

    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - L&D Consultant III in Charlotte, NC
    Current Employee - L&D Consultant III in Charlotte, NC

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

    Pros

    Very interesting work, interact with many lines of business and people.

    Cons

    Low pay. Too many changes in strategy. Little job protection.

    Advice to ManagementAdvice

    Stick to a plan. Stop the layoffs. Compensate better.

    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.  

    Sr Business Support Specialist AVP

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

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

    Pros

    Wonderful benefits and PTO. I was given the opportunity to work in several different areas. With that advancing in each area with responsibility and salary. Its all about wat you make it. Do not be complacent and expect opportunity just to happen.

    Cons

    The Bank or LOB in some cases does not see the big picture and implements a process that's backwards or just a temporary bandaid. LOB's do not talk or share information when its really needed. You can be struggling thru process to find out another area has a great way. Unfortunately there are tons of Manuel processes, you would think with being such a large bank that more automated processes would be in place.

    Advice to ManagementAdvice

    If you treat your team well, they will do the same for you.

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Lots of movement

    Current Employee - Compliance Senior Manager in Charlotte, NC
    Current Employee - Compliance Senior Manager in Charlotte, NC

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

    Pros

    Freedom and autonomy to handle matters as I see fit

    Cons

    Unstable as reporting chain has moved numerous times since my tenure. There is also a lack of training to familiarize new employees to the bank culture

    Advice to ManagementAdvice

    Transparency and ask for input

  9.  

    Well diversified company with good benefits

    • 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 5 years)

    Pros

    Opportunities to find a career path regardless of your field of study or interest

    Cons

    Going through challenging transformation with lots of change and lack of mobility.

    Advice to ManagementAdvice

    Create a stable environment. Invest in Associate Satisfaction

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    IT Operations Is a Great Place to Work

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

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

    Pros

    Middle and upper management is fair and supportive. The Bank is dedicated to creating Best In Class production operations and has made great strides since 2012. The culture is focused on resolving issues and not on placing blame, very refreshing.

    Cons

    Direction to outsource to or source talent from India and Pakistan is creating communication issues which can get very frustrating at times especially during outages.
    OpEx goals/challenges impact perception of job security

    Advice to ManagementAdvice

    Over reliance on sourcing talent from overseas to reduce salary expense is negatively impacting your ability to create efficient teams. Specifically, it takes more people to get the job done because of the language barrier issues.

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    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

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