Bank of America

  www.bankofamerica.com
  www.bankofamerica.com

Bank of America Reviews in Chicago, IL

Updated December 9, 2014
Updated December 9, 2014
7,140 Reviews
3.3
7,140 Reviews
Rating Trends

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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
3,048 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

187 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Good name to have on your resume, lot of red tape though

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

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

    Pros

    Benefits are really good. 3 weeks vacation automatic and option to buy a 4th week. People I worked with were diverse and friendly. You get higher compensation because you're in the finance industry. Also, when I left work I didn't have to worry about it when I got home, but that was specific to my line of business- can't say that was the case with the traders and investment bankers.

    Cons

    Tons of red tape. Need approval to get anything done. Everything is so locked down because of the financial collapse from the late 2000's, which is understandable. A lot of the perks from pre-collapse aren't there anymore.

    Recommends
    Neutral Outlook
    Approves of CEO
  2.  

    It's work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Unit Manager in Rolling Meadows, IL
    Former Employee - Unit Manager in Rolling Meadows, IL

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

    Pros

    Benefits were not bad and the time off was pretty generous.

    Cons

    Way too much red tape at this place!!!! It takes forever to get something or approved. The manager assessment for new hires is a complete joke and void of any real world situations.

    Advice to ManagementAdvice

    Listen to your employees and act on maybe a few of their suggestions

    Neutral Outlook
    No opinion of CEO
  3.  

    great place

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

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

    Pros

    a place to learn and grow your career

    Cons

    work load could be overwhelming

    Recommends
    Positive Outlook
    No opinion of CEO
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  5.  

    Great benefits

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

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

    Pros

    Work/ Life balance
    Great Benefits
    competitive salary

    Cons

    Hard to move up with in department

    Approves of CEO
  6.  

    DevOps: Career Enabling

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

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

    Pros

    new tech adoption, timely response to market, independence, job flexibility, career mobility, and of course very good benefits

    Cons

    bureaucracy, process, corporate ethics,

    Recommends
    Neutral Outlook
    Approves of CEO
  7.  

    Not too bad

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

    I have been working at Bank of America as a contractor (less than an year)

    Pros

    Great work atmosphere in the building.

    Cons

    Getting hired to full time can take awhile.

    Advice to ManagementAdvice

    None

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Run! Run! Run!

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

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

    Pros

    Pay was Ok, loved the majority of the people I worked with.

    Cons

    Extremely Understaffed! Our banker team went from 4 to 1 banker! That 1 banker was me and our branch was pretty busy. If management doesn't like you they will push you out anyway they can. Don't trust HR they say things are confidential but they are really not. Your sales don't matter even if your are number one in the district like I was they will still micro manage you. This was by far the most stressful job I ever had!

    Advice to ManagementAdvice

    Stop overworking your employees. The way these branches are staffed is horrible for customers and your workers. Most of the people who loved working there at one time. Hate working their now.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  9.  

    Most stressful job ive ever had

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

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

    Pros

    The pay was good, most of the co workers were really nice, customers for the most part were nice.

    Cons

    The technology used was old, the bosses micro manage so much and were jerks, understaffed, bosses only looking out for themselves and how they look to higher ups. My Part time job felt like a Full time job and I had nightmares sometimes.

    Advice to ManagementAdvice

    I believe that good management comes from helping your staff grow and trust you. If you teach your staff how to work well together and sales go up great, if you staff is doing their jobs and sales arent going so well ALSO GREAT. At the very least they are trying and the sales will come as long as the team doesnt feel like the banks failure is theirs and theirs alone. A totally stressed staff will only further send you down the rabbit hole. Learn how to deal with your staff, not everyone reacts the same way to demands.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  10.  

    Meh.

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

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

    Pros

    Met some great people while working there.
    Customer service experience

    Cons

    Management only cares about sales.
    The reason lines are so long at banks is because tellers have to convince you to sit with a banker and open some other product.
    Tellers are supposed to be about customers not about sales.
    Understaffed banks feels like your doing the work of three people.
    Supervisors who think micro-managing is the only way to get things done.

    Advice to ManagementAdvice

    Don't focus so much on sales, focus more on customer service.

    Recommends
    Neutral Outlook
    No opinion of CEO
  11.  

    Horrible work/life balance

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

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

    Pros

    Pay, benefits, friendly coworkers, great training programs, good experience. Tuition reimbursement. Upward mobility is easy if your dedicated. Well respected company

    Cons

    Too many changes in short period of time. Is short staffed, even though upper management says different. Management not on the same page which makes employees just unstructured. Ultimately it's the people at the bottom paying for these changes.

    Advice to ManagementAdvice

    It's a business, yes I get that, but you are over stressing your employees.

    Negative Outlook
    Disapproves of CEO

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