Bank of America Reviews in New York City, NY Area

Pros

good management, busy working hours

Cons

less hours, overtime is not given

Advice to Senior Management

increase salaries because of the more busy hours than other banks because of the few branches in NY

Pros

it is a good place if you like to work hard and can put in long hours. Most people like it there but the socila life is only ok.

Cons

Life there could be better if the pay was higher and the hours were shorter. But on the whole it is a great place to start our career.

Advice to Senior Management

Increase salaries an have senior management spend more time talking with those on the front line learning goes both ways.

Pros

Good to gain experience in banking

Cons

Negative atmosphere and low leardership skills

Advice to Senior Management

I would have them be more organized

Pros

They have a great deal of money which is nice because they use it to pay employees which some other companies dont do enough of.

Cons

I was mad that they took a government buyout which was the main reason i left the company because i didnt agree. I speek english good

Advice to Senior Management

I would suggest shrinking the branch structure down because it has gotten a little out of control with too many branches

Pros

Large company, very average benefits

Cons

Senior management is too political, high egoes

Advice to Senior Management

Hire the right managers

Pros

Great benefits, work from home option

Cons

very minimal internal mobility options

Pros

Great Pay
Growth Potential
Managerial experience is shared
Chance to cover multiple

Cons

Cyclical layoffs
Synergies with ML are not seamless even in labor and certainly not tech wise
Training may not be as focused as management believes

Advice to Senior Management

Just survive the economy and focus on advisory

Pros

the people, positive work environment.

Cons

compensation and its hard to transition to another division of the bank

Advice to Senior Management

provide employees with more incentives and opportunities to grow, such us opportunities to be licensed , and improve skills.

Pros

Great people, great benefits. The place is huge, so there's fair opportunity for both lateral moves as well as career growth.

Cons

Can't get out of its own way. There's so many people involved in any one project, conference call, etc. that ownership isn't easily taken and things simply take forever to get done. This is seemingly pervasive throughout the entire organization, not just specific areas.

Pros

Not hard to get a job in consumer banking as long as you show a lot of enthusiasm, teamwork and sales experience.

Cons

Don't count on getting a promotion unless you speak Spanish

Advice to Senior Management

Monthly/Quarterly bonuses should be reinstated.