Bank of America

  www.bankofamerica.com
  www.bankofamerica.com

Bank of America Reviews in Los Angeles, CA

Updated November 15, 2014
Updated November 15, 2014
6,944 Reviews
3.3
6,944 Reviews
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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
2,965 Ratings

Review Highlights

Pros
  • Excellent work life balance including remote work from home for certain positions (in 408 reviews)

  • They have a program called MyWork which allows you to work from home or from any location (in 218 reviews)


Cons
  • Work-life balance seems to be skewed towards work side more often than not (in 171 reviews)

  • upper management failed to listen to the lower ranks often missing oppertuinitys (in 184 reviews)

More Highlights

137 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Great company.. Great Team

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Project Manager in Los Angeles, CA
    Current Employee - Project Manager in Los Angeles, CA

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

    Pros

    Big company with lot of places to move around. They really cover a whole gamut of things for people trying to get cross functional exposure

    Cons

    The company has grown big by acquiring different companies. As a result, sometimes the people think as different (parent) companies rather than one. Different organization has different policies and different mindsets.

    Advice to ManagementAdvice

    Management really need to cross train people.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Working in Todays Mortgage Banking

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Quality Analyst in Los Angeles, CA
    Former Employee - Senior Quality Analyst in Los Angeles, CA

    I worked at Bank of America full-time (more than 10 years)

    Pros

    In a non-branch environment you do not have the pressure placed upon you when it comes to pushing products. Your position is specific to the department you are in, and your performance is based on the quality of the job you do. In these positions management encourages personal growth and advancing oneself. Onsite managers are open to the associates ideas and concerns, and they will work with you in problem resolution-personal or in ones performance.

    Cons

    Since the Great Recession of 2009 job security is much less certain. Many areas in the mortgage section continue to be downsized due to still tight consumer loan qualifying, especially for refinancing. Departments which used to have 125 to 150 auditors now have 10 or 12. Other departments are moving associates to other area or laying. Until the economy improves for the consumer looking to buy or refinance, this section will continue to run lean or decline.

    Advice to ManagementAdvice

    My advice to management is not to play games with your associates. In communicating with current associates there appears to be actions by management skirting the fine line of ethical and unethical-rethink this. Senior management should consider tenure and quality of work performed when basing their decisions on who is laid off.

    Recommends
    Neutral Outlook
    Approves of CEO
  3.  

    Great company to work for.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Project Manager in Los Angeles, CA
    Current Employee - Project Manager in Los Angeles, CA

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

    Pros

    Amazing work life balance, great work culture, very family and environment friendly, nice benefits.

    Cons

    lot of re-organizations going on currently, career path may not be clear

    Advice to ManagementAdvice

    Sr Managers need to work on improving the transparency in the organization.

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Good company to work for. Decent pay, benefits and work life balance.

    Former Employee - Senior Vice President in Los Angeles, CA
    Former Employee - Senior Vice President in Los Angeles, CA

    I worked at Bank of America full-time (more than 10 years)

    Pros

    This is the only bank in this area that offer flexibility of schedules, work from home, good work - life balance. Internal traiings are offered but there is no budget for external professional trainings.

    Cons

    The bank is moving the jobs away from California. You need to move to Charlotte, North Carolina if you want career growth.

    Advice to ManagementAdvice

    Offer more growth opportunities through employee trainings, seminar, and exposure to industry level innovations.

    Recommends
    Neutral Outlook
  6.  

    Opportunity to explore multiple areas

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President Process Design Consultant I in Los Angeles, CA
    Current Employee - Vice President Process Design Consultant I in Los Angeles, CA

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

    Pros

    My Work program - allows telecommuting for part or all of the time.
    Discounts for pc purchases, amusement park tickets
    Benefits are good and management is good about being flexible on personal time out of the office

    Cons

    Work life balance is sometimes forgotten or not taken into account. Alot of red tape to get processes approved
    Sneior leaders change frequently and each one shakes up the organization with so many changes and lay offs - very discouraging and frustating at times - it makes it difficult to get the work done

    Advice to ManagementAdvice

    Listen to your employees - continue My Work

    Recommends
    Neutral Outlook
    Approves of CEO
  7.  

    CLient Manager

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Client Manager in Los Angeles, CA
    Current Employee - Client Manager in Los Angeles, CA

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

    Pros

    Great Opportunity for career development

    Cons

    Mortgage Challenges are still being worked through.

    Advice to ManagementAdvice

    .

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Sharks out there.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Sales & Service Specialist in Los Angeles, CA
    Current Employee - Sales & Service Specialist in Los Angeles, CA

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

    Pros

    Great benefits, good hours, okay pay, processes are simple and easy

    Cons

    Negative environment, not a team feeling, everyone's out for themselves, old company and unhappy customers

    Advice to ManagementAdvice

    There's a right way and a wrong way to manage. Scaring your teammates isn't the way to manage.

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
  9.  

    experience

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

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

    Pros

    not bad at all. really

    Cons

    none at all to mention

    Advice to ManagementAdvice

    none

    Recommends
    Neutral Outlook
    No opinion of CEO
  10.  

    Reupholster values, if you're ever getting out alive B of A

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Sales & Service Specialist in Los Angeles, CA
    Former Employee - Sales & Service Specialist in Los Angeles, CA

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

    Pros

    Great benefits. Profit sharing, health, life insurance, transportation discounts.

    Cons

    Extremely demanding job with no incentives. Under-defined promotion structure.

    Advice to ManagementAdvice

    For such low-based banking pay, employees should be revered and not forsaken. You wonder why sales are low, yet you fail to understand the first rule of managing people: treat your people right and they will follow you to the ends of the earth.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  11.  

    Can be great horrible management

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

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

    Pros

    Paid vacation and hoildays. Good benefits. Work 3 plus years

    Cons

    Unstaff all the time.anyone can be manager with little or no banking skills. High pressure in sales. Hours are long can open at 8 and leave until 8pm. Long wait time. Never any improvements

    Advice to ManagementAdvice

    Don't just hire manager because of refers from other managers. Actually make observation of them working and interact to see if they are a great fit take feed back for fellow employees that are non managers

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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