Bank of America

  www.bankofamerica.com
  www.bankofamerica.com

Bank of America Reviews in London, UK

Updated November 28, 2014
Updated November 28, 2014
7,148 Reviews
3.3
7,148 Reviews
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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
3,053 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

54 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Overall decent company to work for, working hard at restoring Merrill Lynch's reputation after the financial crisis.

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

    I worked at Bank of America as an intern (less than an year)

    Pros

    Growing market share, head count and revenue, looking to be a better place to be at every year.

    Cons

    Quite a lot of staff turnover, good compensation and benefits. Bad work life balance, talk of limiting hours and days worked but little tangible moves to do this.

    Recommends
    Positive Outlook
    No opinion of CEO
  2.  

    Ok not great

    • 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)

    I have been working at Bank of America full-time (more than 10 years)

    Pros

    Try to succeed and deliver

    Cons

    Infrastructure needs major improvement but projects move slowly

    Advice to ManagementAdvice

    Too hierarchical to alow development

    Neutral Outlook
    No opinion of CEO
  3.  

    A large organisation but still feels intimate. Good to time to join as the firm has built a sense of one team and pride

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

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

    Pros

    Professional but not too cut-throat. Flexibility and opportunity to excel and add value quite quickly. Focus on CSR and Diversity and Inclusion. Not too much micro-management.

    Cons

    Lack of communication/transparency and synergies across teams due to size and different business models.
    Political at senior management level.
    Brand in Europe is not very strong.

    Advice to ManagementAdvice

    More internal mobility opportunities. Promote from within and build female leaders in the business. Try long-term talent planning

    Recommends
    Positive Outlook
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  5.  

    A bank with a conscience - hard to find

    • 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)

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

    Pros

    They offer many opportunities for everyone to succeed - it's then down to the individual to make the most of them and shine. Work-life balance is encouraged, although with current initiatives to streamline processes, workload demands and expectations are high. Turn this into your advantage and take on these challenges and you will shines. Mobility within the organisation is well supported.

    Cons

    Many challenges to be met in terms of the drive to become best in class. Salaries are not bad, but not the highest for investment banks in the UK. Benefits package is part of your salary rather than in addition, but is widely accepted as being the most tax efficient in the UK.

    Advice to ManagementAdvice

    Help avoid all the fire drills and consider the impact that last minute "urgent" demands for data actually has on the staff providing it...

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Large complex firm filled with the usual politics

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

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

    Pros

    American culture, friendly, more relaxed atmosphere compared to large European houses

    Cons

    Lacking European/Germanic levels of governance/oversight, more political than other firms, inter rivalry gets in the way of achievements

    Recommends
    Positive Outlook
    No opinion of CEO
  7.  

    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)

    I worked at Bank of America as an intern (less than an year)

    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
  8.  

    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)

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

    Pros

    Good work life balance, reasonable comp ...

    Cons

    Large scale changes, redundancy threats

    Advice to ManagementAdvice

    Na

    Recommends
    Neutral Outlook
    Approves of CEO
  9.  

    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)

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

    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
  10.  

    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)

    I worked at Bank of America as a contractor (more than an year)

    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
  11.  

    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)

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

    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

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