Bank of America

www.bankofamerica.com
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Bank of America Reviews in Los Angeles, CA

Updated February 24, 2015
Updated February 24, 2015
148 Reviews
3.5
148 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
148 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

148 Employee Reviews Back to all Reviews

Sort: Popular Rating Date
  1. 4 people found this helpful  

    Company Struggles Painful for Staff

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

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

    Pros

    Great benefits
    Good tech support
    Smart people

    Cons

    Extremely stressful environment. Constant fear of layoffs is exhausting the staff. Management is constantly re-organizing groups and laying people without adjusting the workload of the survivors.

    Advice to ManagementAdvice

    Please consider the human impact of constant reorganization. We feel like we are starting over and over every three months.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  2.  

    intern

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

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

    Pros

    Great culture fun people fast paced environment. provided lost of opportunitys to be a self starter

    Cons

    there was a lot of pressure to conform

    Recommends
    Positive Outlook
  3.  

    They really care about its employees

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

    I worked at Bank of America part-time (more than a year)

    Pros

    Great benefits even if you are only working part-time. The company really looks out for its employees. They are very flexible with the hours and they provide constant training. Although I was hired as part-time teller, they would always give me extra hours when I needed them. Once you learn your duties, it is very easy. Quarterly reviews are always helpful and gives you the opportunity to increase your pay-rate.

    Cons

    It is hard to move up to corporate. Very pushy with referrals. Managers would ask you to call friends and family to offer banking services and get business.

    Recommends
    Positive Outlook
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  5.  

    loved it here

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

    I worked at Bank of America

    Pros

    cool people loved working here

    Cons

    getting days off was a little hard

    Advice to ManagementAdvice

    don't get involved with your employedd

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Typical Big Bank culture..

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

    I worked at Bank of America full-time (more than 3 years)

    Pros

    Bank of America or BAC as its affectionately called is your typical friendly neighborhood, big lumbering bank with a zillion middle management layers. It is also a splendid place if you are in the right place - especially the Merrill side or the erstwhile Countrywide side of the business. The Bank is still fixing itself from the self afflicted wounds of buying out Countrywide.

    The typical big bank bureaucracy abounds everywhere.But then again, do you see those other nimble footed banks? Wait...you don't? Yes, that is because that notion died with the Dodd-Frank rule, the Volcker amendment and a myriad other byzantine rules invented to basically make banks less "risky". Bank of America (BAC) is not immune to those rules. What it translates to in organizational culture terms is: layer upon layers of "defense" . No, the bank isn't defending against risk. it is defending against regulators! In a sense BAC is very disproportionately targeted by regulators. Tons of fines...Everyone screwed up, but no one got hit as hard as BAC did...

    All of these translate into a less than spectacular experience. But in terms of opportunity, BAC is a good place to be in. All prospective employees, please read "The Crash of the Titans" - it basically explains the corporate culture of BAC. Overall I would recommend a career here. It is a good place.

    Cons

    The layers, confusing org structure, kinda slow to react...but I experienced this: they do pay you for performance in BAC. At least, that was my experience.

    Advice to ManagementAdvice

    Lobby the Government to get off the backs of big banks! Encourage risk taking...Take banking back to what it once was!

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Research and Adjustments

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

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

    Pros

    the corporation gives you r stability and a knowledge of banking situation and Solutions to solve banking problems.and the institution let you meet different types of people.

    Cons

    Change, noticing that things are changing all around us institutions must change with the times and meet the customers needs

    Advice to ManagementAdvice

    at this point I have nothing to say.

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    I have had an excellent experience working for BofA

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

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

    Pros

    Good work / life balance, strong compensation packages, flexible working from home program

    Cons

    Limited upward mobility once you get into the VP ranks.

    Recommends
    Positive Outlook
  9.  

    IT Manager

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

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

    Pros

    great people and opportunities to learn

    Cons

    too big - management out of touch

    Advice to ManagementAdvice

    communicate

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    Great atmosphere, at a long hours price.

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

    I worked at Bank of America full-time (more than 3 years)

    Pros

    My team was awesome. I considered each and everyone of them FAMILY.

    Cons

    I SPEND LOTS OF TIME WITH MY "FAMILY"....I needed some time for myself. Very low salary and commissions structure.

    Neutral Outlook
  11.  

    Bank of America: overall a great company to work for

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

    I have been working at Bank of America

    Pros

    Large corporation with plenty of opportunities for employees to grow from within. Work-Life Balance is strongly promoted and "work from home" positions are available.

    Cons

    Very top-heavy cooperation, often times layoffs take place from the bottom up, not the other way around. I was part of a group of mass layoffs in Q4 2014 after 4+ years with the company.

    Recommends
    Positive Outlook
    Approves of CEO

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