Bank of America Reviews

Updated August 30, 2015
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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
275 Ratings

Pros
  • Flexibility - work from home program; Work Life Balance; (in 417 reviews)

  • Flexibility to work from home when needed (in 223 reviews)

Cons
  • Work/Life balance is biased towards work (in 180 reviews)

  • no work-life balance only upper management (in 184 reviews)

More Pros and Cons

650 Employee Reviews

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  1. A different experience.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Teller in Irvington, NJ
    Current Employee - Teller in Irvington, NJ
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Bank of America full-time (More than a year)

    Pros

    Always getting off before the sun goes down and Sunday's off.

    Cons

    Only Sunday's off; teller's success depends on customers having enough patience to meet with personal bankers.

    Advice to Management

    So far so good, not a complaint in the world.


  2. I like it there - Global GT&O

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President Technology in New York, NY
    Current Employee - Vice President Technology in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    I am a work from home employee and I really enjoy the flexibility of that. The benefits were outstanding, and I was able to enjoy up to three months off at full pay when my wife had a baby. My leave was actually better than hers! My manager and the people I worked with were top notch. They have a lot of bright people on staff and it is a really great place to be a part of

    Cons

    I live in the NYC area and my job pays a bit lower than the market rate Also, hey do layoffs on a fairly regular basis. The bank goes through regular periods of expansion and consolidation. When they expand they hire, when they consolidate, they layoff. While no job can guarantee you a long term position, I would like more stability.

    Advice to Management

    Hire more consultants and go through your consolidation periods by diminishing or expanding them, not your full-time employees. Otherwise, great job. The stock is up and I'm tickled pink.


  3. VP Strategic Business Analyst/Project Manager

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Strategic Applications Business Analyst in White Plains, NY
    Former Employee - Strategic Applications Business Analyst in White Plains, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Bank of America full-time (More than a year)

    Pros

    Amazing technology. Good learning experience.High Street Credit

    Cons

    Long hours and sometimes you need to work on legacy apps


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  5. Technical Manager

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Technical Manager in Staten Island, NY
    Former Employee - Senior Technical Manager in Staten Island, NY
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Bank of America (More than 10 years)

    Pros

    Progressive outlook, many opportunities for advancement, inclusive culture.

    Cons

    Tries to accomplish too much while focusing on day to day business needs.

    Advice to Management

    Listen more to associates.


  6. Teller

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Teller in New York, NY
    Current Employee - Teller in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Bank of America full-time (Less than a year)

    Pros

    Great benefits package! Competitive pay. Fair expectations.

    Cons

    You must be in your position for at least one year before posting to another position.

    Advice to Management

    Allow qualified candidates to apply for positions based on their qualifications. I am currently stuck as a teller, even though I am repeatedly told I am more qualified for a higher position. My manager refuses to make an exception.


  7. A solid place that seems to be trending upward

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Software Development in New York, NY
    Former Intern - Software Development in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Good compensation, interesting technology, good work/life balance, a variety of work (this all depends on the team)

    Cons

    Can be a bit bureaucrat at times


  8. Helpful (2)

    Associate

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate in New York, NY
    Former Employee - Associate in New York, NY

    Pros

    Good pay, nice building, smart teams.

    Cons

    Broken Culture, back stabbing, no morals.


  9. Great experience with a great company

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Middle Market Sales Support Associate in New York, NY
    Former Employee - Middle Market Sales Support Associate in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great benefits good people challenging careers. A lot of opportunity to move around within the company or to different states for employment..

    Cons

    The job becomes a grind and it's such a large company..


  10. Assistant Vice Pessident

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Strategic Management and Product Development and Management in New York, NY
    Former Employee - Strategic Management and Product Development and Management in New York, NY
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Bank of America full-time (More than a year)

    Pros

    Great benefits package and competitive pay for healthcare, 401K, and vacation time. An abundance of systems and software to facilitate your work when needed. Great environment for learning quickly and developing career skills to make you competitive Daily easy to get promoted Opportunities to collaborate with different teams if strongly desired Great community volunteer opportunities

    Cons

    POLITICAL and bureaucratic to the highest degree Lack of transparency from management at times Definitely not a system meritocracy Promoted often with lack of alignment of pay Poor transparency into bonus awards and methodology Poor system integration at times Poor mentorship Rigorous work hours with lack of compensation to support it. Competitive environment with little reward for hard work and little acknowledgement of individual accomplishments if you have the wrong manager

    Advice to Management

    Need to support junior talent and ideas more Should focus on meritocracy and collaboration collectively rather than political positioning More training for managers in how to manage


  11. A GOOD place to work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President in New York, NY
    Current Employee - Assistant Vice President in New York, NY
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Bank of America full-time (More than a year)

    Pros

    Great culture and work life balance. Smart people who are not "working to work". The maternity/paternity benefits are great. As a father I took 6 weeks to

    Cons

    Salaries are lagging behind the industry. There are a number of benefits that the bank has removed over the years in effort to cut costs. These costs are dwarfed though by huge legal and regulatory settlements we make each quarter.

    Advice to Management

    Keep investing in the team. We do a great job with ESAT events and communication within the bank. I think it adds a ton of value. But the people who spend their time working on those initiatives often have limited budget and no mgmt appreciation.



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