Bank of America

  www.bankofamerica.com
  www.bankofamerica.com
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Bank of America Reviews in Irvine, CA

Updated July 7, 2014
Updated July 7, 2014
6,591 Reviews
3.3
6,591 Reviews
Rating Trends

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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
2,810 Ratings

Review Highlights

Pros
  • Excellent work life balance including remote work from home for certain positions (in 389 reviews)

  • They have a program called MyWork which allows you to work from home or from any location (in 213 reviews)


Cons
  • Work-life balance seems to be skewed towards work side more often than not (in 157 reviews)

  • upper management failed to listen to the lower ranks often missing oppertuinitys (in 178 reviews)

More Highlights

13 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Good if you are at senior level

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Business Intelligence Analyst  in  Irvine, CA
    Current Employee - Business Intelligence Analyst in Irvine, CA

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

    Pros

    They have good benefits, 12 week paternity leave, 100% 401k matching for first 5%, 2% additional matching. Very good telecommuting program.

    Cons

    There is a serious traffic jam on the corporate ladder. Don't hope too much to move up. Instead try to move up by moving around in the company. A lot of red tap, although they are trying to streamline the entire company.

    Advice to ManagementAdvice

    For a bank, its employees are it's assets. Don't let your assets be a drag on the balance sheet, instead nurture them and give them real opportunity. Implement a internal job portal. What we have currently seems like it's just a formality.

    Recommends
    Positive Outlook
    No opinion of CEO
  2. 1 person found this helpful  

    teller

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

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

    Pros

    You have great opportunity to advance if you want to stick around in the next 3-10+ years. Like any other customer service jobs, you get to see different people and talk to them. Some of the customers are really nice and we usually had a great time talking when doing transactions

    Cons

    It really depend on the managers, if your manager is really good and knows how to be a leader, you will have a great time. However, vice versa, some of my friends left the company within 2 months because he/she couldnt stand the manager.

    Advice to ManagementAdvice

    more communications overall inside the bank are needed. Since the HR department is not easy to reach, managers need to be more caring to their people.

    Recommends
    Positive Outlook
    No opinion of CEO
  3.  

    Challenging organization with many process improvement opportunities bringing job satisfaction

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Assistant Vice President  in  Irvine, CA
    Current Employee - Assistant Vice President in Irvine, CA

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

    Pros

    Training, teamwork, partnership, communication and rewards

    Cons

    Not completing projects that add value to the organization

    Advice to ManagementAdvice

    None

    Recommends
    Neutral Outlook
    Approves of CEO
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  5.  

    Unpaid Intern

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Intern  in  Irvine, CA
    Former Employee - Intern in Irvine, CA

    I worked at Bank of America as an intern for less than a year

    Pros

    Great Place to start. Great connections with company.

    Cons

    No pay for interns in the department

    Advice to ManagementAdvice

    Pay us

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Former AVP/Product Marketing Manager I in Insurance Services

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Product Marketing Manager  in  Irvine, CA
    Former Employee - Product Marketing Manager in Irvine, CA

    I worked at Bank of America full-time

    Pros

    Excellent compensation and benefits, great volunteer program, overall a wonderful company to work for. I wish I still worked there!

    Cons

    The company failed to effectively integrate into the Bank of America culture those companies it acquired through various buyouts. The division in which I worked bore very little resemblance to what I I was introduced to during my orientation. In fact, I found myself working with people from two different company cultures, neither of which had the sense of balance or enthusiasm that Bank of America demonstrates in its orientation training. Extremely inflexible culture within their in-house advertising agency (which originated within an East Coast bank with a far more rigid culture). I found the inflexibility and rigid demands too much and, unfortunately, lost my job. I would love to work for Band of America again, but not within one of its acquired companies!

    Advice to ManagementAdvice

    When acquiring companies, make it clear that they are part of Bank of America and need to adapt to BofA's culture, which stresses more balance and rewards.

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Good place to work while in school.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Teller  in  Irvine, CA
    Former Employee - Teller in Irvine, CA

    I worked at Bank of America

    Pros

    great place to work when in school because of the tuition reimbursement

    Cons

    managers are often incompetent and dont listen to lower level employees.

    Advice to ManagementAdvice

    Be a better leader and not just a manager.

    Disapproves of CEO
  8.  

    Fair and Mellow

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Senior Operations Project Analyst  in  Irvine, CA
    Current Employee - Senior Operations Project Analyst in Irvine, CA

    I have been working at Bank of America

    Pros

    Work experience differs greatly between Lines of Business and managers. My experiences is great with diligent and fair management and good compensation, but have heard horror stories from other employees. My Work (working from home) is a nice perk some positions can take advantage of. Make sure you get along well with your direct before getting into new positions.

    Cons

    NYSE: BAC... Facilities are uninspiriting / depressing...Old employees with grim outlook...Getting responses from employees that role up to a different management team...incompetence is ignored

    Advice to ManagementAdvice

    BAC is facing many headwinds but should be able to come out without too much damage. Get our Legacy Issues behind us and focus on client integration. The customer experience needs to either be segmented (like old navy, gap and banana) or standardized across all LOBs. (I.e. Merrill Private wealth clients need to know they can go into branches and be treated with the same level of service or provide that service in another location)

    Recommends
    Approves of CEO
  9.  

    Management only cares about profit

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Banking Center Assistant Manager  in  Irvine, CA
    Former Employee - Banking Center Assistant Manager in Irvine, CA

    I worked at Bank of America

    Pros

    Ability to have a semi-flexible schedule

    Cons

    Management touts customer service values, but all they really care about is making the most amount of money at the expense of others.

    Doesn't Recommend
    No opinion of CEO
  10.  

    It was a good place to work during college but not a career choice for me.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Teller  in  Irvine, CA
    Current Employee - Teller in Irvine, CA

    I have been working at Bank of America

    Pros

    They have really great benefits, I didn't have to be employed for a year to have two weeks paid vacation, health benefits, 401 K, premium Bank of America products, tuition reimbursement ect.

    Cons

    As a Teller or Personal Banker we are required to say cheesy lines like, "I'd love to help you here" or "Thanks for banking with us, keep us in mind for your future banking needs", to EVERY customer. In addition to that we are paid HORRIBLE for the amount of work and stress we deal with.

    Advice to ManagementAdvice

    No comment

    No opinion of CEO
  11. 3 people found this helpful  

    Good College Job

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Teller and Personal Banker  in  Irvine, CA
    Former Employee - Teller and Personal Banker in Irvine, CA

    I worked at Bank of America

    Pros

    I'd say Bank of America is a good place to work if and only if you are a college student. Schedule is flexible as long as you give them notice before hand. Required to work saturdays if you are part time. 2 weeks paid vacation is a plus.

    Salary is competitive. I started from $10 and was raised to $14 in one years time. Key is to meet quarterly goals and you have to DEMAND for it. I was about to leave for another bank but they raised my pay so i stayed. If you do good they'll do a lot of things in your favor.

    Benefits are excellent. Covers dental, health, insurance. Again I stress it is only a good job if you are a student. Bank of America pays $5200 a year for tuition reimbursement. You just have to be working at "meets expectations" and manager will approve it without second thoughts.

    Wear your own suit to work is a plus. I know Chase has those ugly blue shirts and I sympathize with them.

    Cons

    Sales sales sales. If you are not good at sales you will suffer. Managers breathe down your neck every second. Mark my words. Expect to do a lot of sales in this position. This is not a position to be if you are uncomfortable with sales. I've seen 2 employees getting fired in 1 month for not meeting their monthly goal. Some managers will have you stay on Saturday afternoons to do cold calling to meet your goals.

    Stupid guidelines: no water at desk. C'mon, I'm a teller, I speak to 30 customers per hour. I need my water.

    Career advancement is tiny. If you are looking to break into the finance industry, this is not the job. Once you are in retail banking, you are stuck here. A lot of people have the concept that as long as I perform well being a personal banker, I can get licensed and become a financial advisor. WRONG. If you do something great you'll be doing it FOREVER. After being stuck at the PB job for 5 years, I quit and got hired at UBS as a financial advisor. They even asked me why I was still a PB with all the credentials on my resume.

    Advice to ManagementAdvice

    Management needs to be more aware of the talents in their banking centers. I've seen a teller with excellent sales skills stuck being a teller for 5 years, while the manger's buddy gets promoted with questionable sales numbers.

    Keep the compensation package, it's what's keeping your good employees after the revised shitty incentive program.

    No opinion of CEO

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