Bank of America

  www.bankofamerica.com
  www.bankofamerica.com
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Bank of America Reviews in Chicago, IL

Updated September 25, 2014
Updated September 25, 2014
6,603 Reviews
3.3
6,603 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
2,816 Ratings

Review Highlights

Pros
  • Excellent work life balance including remote work from home for certain positions (in 392 reviews)

  • They have a program called MyWork which allows you to work from home or from any location (in 215 reviews)


Cons
  • Work-life balance seems to be skewed towards work side more often than not (in 161 reviews)

  • upper management failed to listen to the lower ranks often missing oppertuinitys (in 181 reviews)

More Highlights

168 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Great work life balance

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Software Developer  in  Chicago, IL
    Current Employee - Software Developer in Chicago, IL

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

    Pros

    Flexible hours and work-from-home arrangements. Relatively easy to move to different projects and teams. There are many interesting technical problems to work on.

    Cons

    A lot of red tape and bureaucracy. It can take a long time to get things done. Poor performers are kept around. Compensation and benefits aren't terrible, but they're also not great.

    Advice to ManagementAdvice

    Reward your best people more, and aggressively replace the worst performers.

    Recommends
    Neutral Outlook
    Approves of CEO
  2.  

    Get to meet a lot of new people but they require too much for paying so little.

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

    I worked at Bank of America part-time for more than 3 years

    Pros

    They have a lot of great benefits. As a student working part time they reimburse you for going to school. While the reimbursement process is a huge hassle, you can get a lot of your tuition bills paid off. I collected over $7000 in tuition reimbursement. I was very satisfied. You also get to meet a lot of different people. I still keep in touch with some associates with the bank and it has helped me secure other opportunities.

    Cons

    A lot of micro managing. Management keeps asking the lower end of the retail stores to do more than what should be required. For example, they are totally trying to get rid of their bankers so they are forcing the tellers to learn how to open accounts, close accounts, create wire transfers, etc. That simply is not a teller's job. They are also trying to eliminate tellers. As a teller I was required to tell the customers about our ATM's which can do deposits, withdrawals, etc. So basically I was getting paid to tell customers not to use tellers for their transactions but to use the ATM.

    Advice to ManagementAdvice

    dont micro manage

    Recommends
    Negative Outlook
    No opinion of CEO
  3.  

    Big Dreams, Small Excution

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

    I worked at Bank of America full-time for more than a year

    Pros

    1. Good team environments.
    2. Fantastic immediate Superiors.
    3. Competitive Pay Structure

    Cons

    1. Lack of Comprehensive Training
    2. Confusing Corporate Structure
    3. Lack of Focus

    Advice to ManagementAdvice

    Training, Training, Training!

    Recommends
    Neutral Outlook
    No opinion of CEO
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  5.  

    If I can change back the hands of time

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Wholesale Lockbox  in  Chicago, IL
    Former Employee - Wholesale Lockbox in Chicago, IL

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

    Pros

    I just loved the job and the people the company cared

    Cons

    I have one that I was laid off in 2011

    Advice to ManagementAdvice

    I would love to come back to work to be that slam dunk team player I was there

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    So far, so good

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Operations Analyst  in  Chicago, IL
    Current Employee - Operations Analyst in Chicago, IL

    I have been working at Bank of America full-time for less than a year

    Pros

    Networking opportunities, ability to climb ladder, ability to maintain work/life balance

    Cons

    Feel like a small fish in an ocean of employees

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    good

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Teller  in  Chicago, IL
    Current Employee - Teller in Chicago, IL

    I have been working at Bank of America part-time for less than a year

    Pros

    good pay and benefits that the company give you when you work for them

    Cons

    long hours that you work while standing and carrying heavy coin bags around the bank

    Recommends
    Neutral Outlook
    No opinion of CEO
  8.  

    Good Compay

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Teller  in  Lake Forest, IL
    Current Employee - Teller in Lake Forest, IL

    I have been working at Bank of America part-time for more than a year

    Pros

    GREAT opportunities, salary and schedule!!

    Cons

    no full time for tellers

    Recommends
  9.  

    High pressure, low integrity kind of job.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Sales and Service Specialist  in  Naperville, IL
    Former Employee - Sales and Service Specialist in Naperville, IL

    I worked at Bank of America full-time for more than 3 years

    Pros

    Pay was pretty good and the benefits were great. Schedule was only kind of flexible as long as you weren't asking for much.

    Cons

    Corporate greed at its finest, If you decided to check your soul at the door, you could be successful. There is no room for morale integrity here.

    Advice to ManagementAdvice

    Open up a bible.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10.  

    Retail and Hospitality management backgrounds can excel here.

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

    I have been working at Bank of America full-time for more than a year

    Pros

    Some of the best family oriented reimbursement programs.

    Cons

    Have noticed favoritism when applying up within same market.

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Slave Labor

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Treasury Analyst  in  Chicago, IL
    Former Employee - Treasury Analyst in Chicago, IL

    I worked at Bank of America full-time for more than 5 years

    Pros

    Its a job. Gain experience and then leave

    Cons

    Over worked, under paid, horrible work environment, history of racism,

    Advice to ManagementAdvice

    Treat your employee's with respect, reward them for their hard work, treat everyone equally

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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