Bank of America
3.2 of 5 5,980 reviews
www.bankofamerica.com Charlotte, NC 5000+ Employees

Bank of America Reviews

Updated Jul 9, 2014
All Employees Current Employees Only

3.2 5,980 reviews

                             

74% Approve of the CEO

Bank of America President & CEO Brian T. Moynihan

Brian T. Moynihan

(2,518 ratings)

63% of employees recommend this company to a friend
5,980 Employee Reviews
Relevance Date Rating
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Review Highlights

Pros:
  • "The work-life balance can be better but most managers are pretty flexible with you"
    in 327 reviews
  • "Great coworkers, good work /life balance they let a lot of people work from home"
    in 181 reviews
Cons:
  • "There is very little work life balance and the pay doesn't justify the hours worked"
    in 119 reviews
  • "Lack of communication from upper management with regards to procedure changes"
    in 150 reviews
  • Show more review highlights

Reviews

    • Culture & Values
           
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    • No Opinion of CEO

     

    Challenge

    Credit Analyst (Former Employee)
    Plano, TX

    ProsI love working with my teammates we were like a family. There were many training opportunities for different areas within the mortgage departments. You can also work one on one with your management team as well. they also believe in open door policy. I also like the fact the all departments work as a family and not against one another.

    ConsThe consent layoff and changes of company policies.

    Advice to Senior ManagementEveryday is a interview. When coming with a problem always have a solution.

    Yes, I would recommend this company to a friend

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    Great benefits

    Anonymous Employee (Current Employee)

    ProsGreat benefits at this company, those are the perks of working for a huge company. Generous maternity/paternity time off, adoption help, tuition reimbursement. Lots of opportunities if you know the right people and are willing to work for it.

    ConsNot much room for growth if you don't network. You must network and rub elbows with the big-wigs to get noticed and take advantage of any type of opportunity since every department is tightening down on hiring.

    Advice to Senior ManagementLive the values, don't waste talent, encourage the talent in your subordinates and it will pay you back ten-fold.

    Yes, I would recommend this company to a friend

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    • Culture & Values
           
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    It's like playing for the NY Yankees.

    Anonymous Employee (Former Employee)

    ProsWe have everything you would ever need to serve clients at the highest level and do your job. Plenty of opportunity to advance. Strong benefits package but not cheap. Top quality people.

    ConsThe bank micro manages everything and everyone. Processes for accountability take away from productivity.

    Advice to Senior ManagementFind a better balance of holding employees accountable and giving the coaching they need to improve in their jobs.

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    • Culture & Values
           
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    Great Place to start a career

    Customer Service Representative (Current Employee)

    ProsGreat company to work for if you are looking to start an actual career, any high level person you speak to will also try to make sure that you know that this is a place to grow and develop your skills. Extremely team oriented, everything you do is a reflection of the team you are on and they stress how important it is for you to seek support from your team on multiple levels. Bank of America is extremely diverse in the backgrounds of its employees. Volunteer work is highly encouraged and you do get recognition for it and its fun!

    ConsIt can be a bit stressful trying to stuff a bunch of banking rules and regulations into your head but again your team is there to help you!

    Yes, I would recommend this company to a friend

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    One of few most interesting jobs to have.

    Team Manager (Former Employee)
    Addison, TX

    ProsThere are so many employees, it makes it easy to network and join professional groups. The benefits are nice and they actually start from day one.

    ConsI would have to say some of the senior managers do not run operations well so therefore some of the processes fail.

    Advice to Senior ManagementListen to your associates, you know the little people that actually have to deal with your customers daily.

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

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    Great Place to Work

    Lead Consultant (Current Employee)
    Concord, CA

    ProsTechnology, dynamicity in Business, diverse, huge potential to grow

    Consnothing as of now, layoffs

    Yes, I would recommend this company to a friend

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    Love it when I was there

    Mortgage Loan Officer LOAN SPECIALIST (Former Employee)
    Richardson, TX

    Prosgrowth potential, great benefits, and they set us up good when we were laid off

    Constoo many layoffs and bank budget is strict

    Advice to Senior Managementlearn how to manage

    Yes, I would recommend this company to a friend

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    Decent Company to Work for

    Assistant Vice President; Team Manager-Help Desk (Current Employee)
    Addison, TX

    ProsBenefits: 3 months paid paternity/maternity leave, 4 weeks paid vacation plus the 10 paid bank holidays plus 10 paid sick days. Have a lot of flexibility in terms of working from home.

    ConsThey tend to under pay compared to the rest of the industry. They are constantly restructuring the many organizations that make up the bank. My department has changed it's name almost yearly over the last several years and the senior executive manager we report to also changes that frequently.

    Yes, I would recommend this company to a friend

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    • Culture & Values
           
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    People trying their best, infrastructure issues

    Anonymous Employee (Former Employee)

    ProsHours are very reasonable with very few late nights or weekends. Flexibility is good. Promotions occur frequently. Managers care about you. Offices are nice.

    ConsPay is often considered mediocre. Technology issues limit effectiveness. Trading side feels like an afterthought sometimes as compared to the consumer bank.

    Advice to Senior ManagementDevote resources to tech infrastructure.

    Yes, I would recommend this company to a friend

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    • Culture & Values
           
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    • Disapproves of CEO

     

    Before you accept an offer, find out how much the line of business has had budget challenges

    Anonymous Employee (Former Employee)

    ProsExcellent benefits, compensations, work-life balance, etc.

    ConsIncreasing budget reductions causing waves of layoffs. Prepare carefully for retire.

    Yes, I would recommend this company to a friend

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