Bank of America

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Bank of America Reviews in Chicago, IL

Updated Jul 23, 2014
All Employees Current Employees Only

3.0 158 reviews

69% Approve of the CEO

Bank of America President & CEO Brian T. Moynihan

Brian T. Moynihan

(64 ratings)

58% of employees recommend this company to a friend

Review Highlights

Pros
  • The work-life balance can be better but most managers are pretty flexible with you(in 348 reviews)

  • Great coworkers, good work /life balance they let a lot of people work from home(in 190 reviews)


Cons
  • Sexism; old BFF network; little work life balance, but they gave lip service to it(in 137 reviews)

  • Lack of communication from upper management with regards to procedure changes(in 160 reviews)

158 Employee Reviews Back to all reviews
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    • Culture & Values
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    Good not great

    TSA (Former Employee) Chicago, IL

    ProsGood experience it was a pretty interesting time

    ConsPeople were not that nice

    No, I would not recommend this company to a friend

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    No thought leadership, most employees in technology just staying for work from home benefits

    Senior Technology Manager (Current Employee) Chicago, IL

    ProsWork from home via the myWork program.

    ConsNo thought leadership or visionary thinking, no culture of innovation, too much reliance on foreign workers

    Advice to Senior ManagementConsider hiring fresh graduates in Computer Science from Universities within the US rather than relying on foreign workers for your IT systems. Hire the right kind of talent, people with advanced degrees who can provide thought leadership to help gain and sustain competitive advantage.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • No Opinion of CEO

     

    Rewarding

    Personal Banker (Former Employee) Chicago, IL

    ProsHoliday pay Vacation time Great pay

    ConsRequesting time off is like pulling teeth

    Advice to Senior ManagementBetter upper management is needed

    No, I would not recommend this company to a friend

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Culture & Values
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    • Approves of CEO

     

    Good Company to work for!!!!

    Officer (Current Employee) Chicago, IL

    ProsDiscounts, steady employment, challenging work

    ConsSome departments treat you like a child, others devalue their employees

    Advice to Senior ManagementAllow more self-managed positions and remove some of the managers who do not actual involve themselves in all aspects of their department. They add no value to the department and usually are reason certain departments are having a difficult time.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Good company, but watch for setbacks

    Vice President (Former Employee) Chicago, IL

    ProsAble to work remotely is a big plus. Never felt micromanaged at all. If you want a promotion, a good manager will help get you there. Manager was phenominal.

    ConsLots of different and challenging areas of the bank to get answers. Mid level management was good, but doesn't appear to have the right strategy and focus in certain areas. Rarely could hire to help out expanding team in order to manage work load efficiently for our clients. Set up for failure at times. Medical insurance was decent, but not great. With so many people working for this big company, a lot of different answers (some right, some wrong).

    Advice to Senior ManagementLook at ways to manage client work load better. If that means for FTE's, then hire more FTE's. Because if you don't, the bank doesn't directly suffer, the client does. And that reverberates throughout the immediate organization, and sets a bad experience for these clients.

    No, I would not recommend this company to a friend

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    Outstanding organization to invest a career...

    Anonymous Employee (Current Employee) Chicago, IL

    ProsLeadership roles, relationship building, job specific detailing at a pace you can be comfortable by. Strong proven organization that very competitive with their competition...

    ConsInconsistent with departmental policies and standards...

    Advice to Senior ManagementBecome one big organization instead on too many silos...

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    • No Opinion of CEO

    2 people found this helpful  

    So happy to be gone!

    Assistant Vice President Programming Consultant (Current Employee) Chicago, IL

    ProsGood benefits, 401-l match and may allow additional time-off to be purchased. Somewhat flexible hours/location so long as work gets done. Comfortable office space with good co-workers.

    ConsDoes not promote from within, serious lack of communication/alignment between groups, damage from Countrywide purchase ongoing with staff reductions and those left working multiple roles. Staffing got so bad that my group had to resort to shift rotations to cover all of the hours and weekend work went from every six weeks to every other week at one point. The investment bank employs a suspiciously large number of H-1B's in technical roles despite there being several major universities in the immediate area. If you're talented you won't be recognized or have anywhere to grow. Very impersonal outside immediate group/LOB. No contact from HR after notice was given, didn't receive a copy of final paycheck, appears they took money out for benefits despite dropping my coverage immediately.

    Advice to Senior ManagementCut your management structure in half. Form cohesive teams that can work together towards a common goal instead of splitting every little business function off into a different group and then managing them separately. Reward good workers with promotions and bonuses.

    No, I would not recommend this company to a friend

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    Stressful, but some good people

    Sale and Service Specialist (Current Employee) Chicago, IL

    Prosnetworking opportunities, opportunity to learn a lot about the banking industry, good benefits including health spending account, you will meet some good people

    Conspoor pay, hard to advance, upper management doesn't know how it is in the branches, false promises from upper management, very stressful environment to sell

    Advice to Senior ManagementBe more understanding of people working in the branch level. It is very stressful, and most employees do not get paid what they deserve.

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    Death March Central

    Software Developer (Former Employee) Chicago, IL

    ProsNice selection of technologies
    Very smart people - these folks know their stuff from a technological point of view
    Decent amount of development work
    Several of the developers I'd consider friends
    Pay is good

    ConsVery long hours, nights and weekends.
    Each release was a catastrophe - every single week.
    Clique-ish - if you weren't in the in crowd you got the shaft and eventually let go. Didn't matter how your performance was.

    Advice to Senior ManagementWork life balance was almost non existent for some folks. Please stop the death march approach. It doesn't work and this is not a start up.

    No, I would not recommend this company to a friend

    • Culture & Values
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    • Disapproves of CEO

     

    Prison-like atmosphere

    Teller (Current Employee) Chicago, IL

    ProsGood benefits, higher pay comparing to competitors

    ConsBrainwashed management, long hours, interrupted lunch breaks because "there's a long line", favoritism, extremely high sales goals, no incentives for tellers and teller sups for meeting their sales goals, don't care about customers at all

    Advice to Senior ManagementStart listening to people's concerns, be fair to everyone

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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