Bank of America

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Bank of America Reviews in London, UK

Updated August 6, 2014
Updated August 6, 2014
6,295 Reviews

3.3
6,295 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
2,662 Ratings

Review Highlights

Pros
  • Excellent work life balance including remote work from home for certain positions (in 352 reviews)

  • Great coworkers, good work /life balance they let a lot of people work from home (in 195 reviews)


Cons
  • Sexism; old BFF network; little work life balance, but they gave lip service to it (in 138 reviews)

  • Lack of communication from upper management with regards to procedure changes (in 162 reviews)

More Highlights

49 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Competitive, collaborative and great people

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Analyst  in  London, England (UK)
    Former Employee - Analyst in London, England (UK)

    Pros

    Good pay, great events. Okay work life balance depending on division.

    Cons

    Be prepared for long hours in IBD. But worth it long term.

    Recommends
    Approves of CEO
  2.  

    Reputation of the bank

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Technology Associate  in  London, England (UK)
    Former Employee - Technology Associate in London, England (UK)

    Pros

    Good work life balance, reasonable comp ...

    Cons

    Large scale changes, redundancy threats

    Advice to ManagementAdvice

    Na

    Recommends
    Neutral Outlook
    Approves of CEO
  3.  

    Programme Manager

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - IT Manager  in  London, England (UK)
    Current Employee - IT Manager in London, England (UK)

    Pros

    Culture is very good. BAML are trying to improve hygiene factors.

    Cons

    Big company is very slow to respond to anything. Getting even small stuff done is very hard.

    Recommends
    Positive Outlook
    No opinion of CEO
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  5.  

    Definitely one of the better banks to work for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Business Analyst  in  London, England (UK)
    Former Employee - Business Analyst in London, England (UK)

    Pros

    equal opportunities, relaxed work atmosphere

    Cons

    cutbacks due to poor budget planning

    Advice to ManagementAdvice

    Get your budgets right

    Recommends
    Neutral Outlook
    No opinion of CEO
  6.  

    I really enjoy working here.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President  in  London, England (UK)
    Current Employee - Vice President in London, England (UK)

    Pros

    Good internal mobility opportunities; friendly teammates; always willing to listen to feedback; excellent work life balance; ability to work from home.

    Cons

    Salary and benefits could be more competitive; a lot of red tape to complete simple tasks

    Advice to ManagementAdvice

    Consistency is the key

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    AWFUL company!!! AVOID!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Networking  in  Bromley, England (UK)
    Former Employee - Networking in Bromley, England (UK)

    Pros

    Chance to learn a lot within the banking industry

    Cons

    Not a fun working environment. Staff are hard to work with. Lots of bureaucracy, internal politics which holds you back from getting anything done internally, as everything is governed by the U.S. No real training given, you are left to fend for yourself and 'get on with it'. A very disorganised company with no structure or career path.

    Advice to ManagementAdvice

    I left after 9 months, had no training, was left to 'fend for myself'. No career path or prospects visible. Awful working environment. Needs to be a better atmosphere internally, more career prospects and more staff events, team building events etc.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8.  

    Too much politics, difficult to get things done

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President  in  London, England (UK)
    Former Employee - Vice President in London, England (UK)

    Pros

    In general, there are high calibre professionals working in all teams, and the work produces tends to be of high quality.

    Cons

    Politics mainly. The organization is very top-heavy, with many subdivisions. Teams are expected to deliver but without controlling all the resources on a project as some belong to other teams.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  9.  

    Lovely

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

    Pros

    Good working set-up and great people

    Cons

    the pay is less and more hours

  10.  

    Lots of layoffs

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President  in  London, England (UK)
    Former Employee - Vice President in London, England (UK)

    Pros

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

    Cons

    Budgets 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 ManagementAdvice

    Just leave

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11.  

    Very slow hiring process

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Associate  in  London, England (UK)
    Former Employee - Associate in London, England (UK)

    Pros

    Good benefits, reasonable career path options

    Cons

    Too many levels of management

    Advice to ManagementAdvice

    Switch to a flatter organisational structure

    Recommends
    Neutral Outlook
    No opinion of CEO

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