Bank of America
3.2 of 5 5,991 reviews
www.bankofamerica.com Charlotte, NC 5000+ Employees

Bank of America Reviews in London UK

Updated Jun 27, 2014
All Employees Current Employees Only

3.4 42 reviews

                             

70% Approve of the CEO

Bank of America President & CEO Brian T. Moynihan

Brian T. Moynihan

(10 ratings)

72% of employees recommend this company to a friend
42 Employee Reviews Back to all reviews
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    Lovely

    Assistant Vice President (Current Employee)
    London, England (UK)

    ProsGood working set-up and great people

    Consthe pay is less and more hours

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    • Disapproves of CEO

     

    Lots of layoffs

    Vice President (Former Employee)
    London, England (UK)

    ProsDue to the widespread problems, you won't be bored there.

    ConsBudgets slashed. Projects canned. Management treat running the company as though it was simply a game to be played. Although this is supposedly a global company, there is discrimination against people in India as the bands are lower for doing the same job. Everything's really run out of Charlotte, so if you're in the rest of the world forget about getting above a band 3. The bank failed to invest in it's infrastructure and systems during the good times. It is probably too late to turn things around now. I'd recommend only if you like fiddling whilst Rome burns.

    Advice to Senior ManagementJust leave

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

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    Very slow hiring process

    Associate (Former Employee)
    London, England (UK)

    ProsGood benefits, reasonable career path options

    ConsToo many levels of management

    Advice to Senior ManagementSwitch to a flatter organisational structure

    Yes, I would recommend this company to a friend

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    Spring Insight Week

    Spring Intern (Former Employee)
    London, England (UK)

    ProsGives overview to the whole industry

    ConsNot much emphasis on the technology division

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    Challenging, dynamic work environment. Great people.

    Analyst (Current Employee)
    London, England (UK)

    ProsGreat, supportive colleagues. Very good management. Lots of opportunities for personal and career developments. Very good benefits.

    ConsSome bureaucracy and difficult politics within teams. Fair compensation for junior roles.

    Advice to Senior ManagementKeep up the good work. Encourage recognition programs.

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

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    Rewards, challenges and great people

    Vice President (Current Employee)
    London, England (UK)

    ProsA sense of camaraderie and sincere team efforts. A sense of work life balance and energy.

    ConsNot quite as competitive on salary as other bulge-bracket institutions. A little bureaucratic on compliance and excessive on marketing spend.

    Advice to Senior ManagementReduce the bureaucracy and marketing. Incentivise through salary rather than workplace enhancements.

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

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    Average, worked at better banks

    Treasury Sales (Current Employee)
    London, England (UK)

    ProsGood reputation and benefits package

    ConsLack of direction and too many layers of management

    Advice to Senior ManagementRemove unnecessary layers of management

    Yes, I would recommend this company to a friend

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    Pretty pleasant, nice people working there

    Intern (Former Employee)
    London, England (UK)

    ProsLots of friendly people working there.
    Decent work/life balance, managed to work a 9-5 without many issues.
    Decent work-load, nothing too difficult.

    ConsThe view out of the window wasn't great.
    Lots of redundancies in certain departments after the crisis made it a bit depressing.
    Work got a tiny bit repetitive after a while.

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

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    A well organised and exciting Internship but a very confusing hiring policy.

    Summer Analyst (Former Employee)
    London, England (UK)

    ProsGreat salary, great people, good office facilities, very interesting work. A real commitment to the development of recent graduates.

    ConsSome very arrogant employees who refuse to give interns respect or acknowledgement. A huge amount of positive discrimination in terms of offers of employment. Your chances of gaining an offer are nearly 100% if you are female but about 25% if you're male.

    Advice to Senior ManagementVery well organised internship but the evident discrimination of the hiring process needs some work.

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

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    Still feels like two separate banks...

    Assistant Vice President (Former Employee)
    London, England (UK)

    ProsInnovative working practices, e.g. regular WFH or from flexible location. Generally, a relaxed lifestyle, hours not too bad, etc. Huge organisation - lots of US offices - so plenty of interesting people to work with.

    ConsLower comp than at other banks. Still struggling with integration post ML takeover. Not a sense of strategic direction from leadership - some initiatives don't feel well thought through. A big US bias - London operation feels like a poor cousin at times.

    Advice to Senior ManagementListen to the guys on the ground.

    Yes, I would recommend this company to a friend

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