Bank of America

  www.bankofamerica.com
  www.bankofamerica.com

Bank of America Reviews in New York City, NY

Updated November 18, 2014
Updated November 18, 2014
6,968 Reviews
3.3
6,968 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
2,971 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

480 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Less than a year Bank Teller

    Current Employee - Bank Teller in Paramus, NJ
    Current Employee - Bank Teller in Paramus, NJ

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

    Pros

    Great benefits and great pay compared to others. I have been lucky enough to have had an easy going boss. Excellent team oriented environment. You also get a lot of paid time off.

    Cons

    If you are working for an unreasonable boss sometimes you will find yourself under unreasonable pressure to make sales.

    Advice to ManagementAdvice

    Treat your employees great and they'll work harder so that they'll have the incentive to keep you.

  2.  

    Great place to work

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

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

    Pros

    Good people forward think company overall work environment very positive. Recommend this company to people looking.

    Cons

    Salary a little low however, there is room for advancement as it it a very large company and many positions are available

    Advice to ManagementAdvice

    Try to be more competitive on salary

    Recommends
    Positive Outlook
    No opinion of CEO
  3.  

    Good Employer

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

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

    Pros

    Worked here 4 years, good local management team. Always very supportive and understanding. Benefits are very good.

    Cons

    Like many other big banks decisions always seem to be dollar driven with less concern given to displaced employees. Can be difficult to grow depending on your job position in the company.

    Advice to ManagementAdvice

    Sometimes the dollar and cents decisions should be thought through better.

    Recommends
    Approves of CEO
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  5.  

    Good experience, great team.

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

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

    Pros

    Good team, smart people, interesting problems, great place to start and learn. Good pay, and benefits.

    Cons

    Somewhat bureaucratic and political. No major issues though.

    Recommends
    No opinion of CEO
  6.  

    Satisfactory

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - FR Y-14A/M/Q in New York, NY
    Current Employee - FR Y-14A/M/Q in New York, NY

    I have been working at Bank of America as a contractor (more than 10 years)

    Pros

    Access to data is very good

    Cons

    Very good training especially WBT

    Advice to ManagementAdvice

    None

    Approves of CEO
  7.  

    Great people and average people

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

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

    Pros

    Huge company so lots of room to move around. Also, great to meet a lot of different people, so you are not stock in a little team forever

    Cons

    Huge bureaucracy. Managers/supervisors always win regardless of how wrong they are.

  8.  

    Underwriter

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Underwriter in Melville, NY
    Current Employee - Underwriter in Melville, NY

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

    Pros

    People were nice and helpful.

    Cons

    Management are very busy and not available to help employees

    Advice to ManagementAdvice

    Listen to employees to improve communication

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  9.  

    Hard to work for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President in Jersey City, NJ
    Former Employee - Vice President in Jersey City, NJ

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

    Pros

    decent benefits, okay management, work from home environment

    Cons

    management changes all the time

    Advice to ManagementAdvice

    don't rotate management so frequently

    Recommends
    Neutral Outlook
    Approves of CEO
  10.  

    High turnover, questionable leadership, and paltry drive for promotions.

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

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

    Pros

    Bank of America reputation on your resume

    Cons

    High turn over for analysts. During the several years I have been employed there, in my department I had a total of four managers cycle through in that specific position. In early 2014 there was also was a large exodus of SVP's to better paying and managed competitor firms. Though in 2014 the company did fair well and revenue was high, through the actions of the CEO Brian T. Moynihan, they decided to bolster their balance sheets by having several waves of layoffs. In summary, I had felt they DID NOT VALUE THEIR EMPLOYEES. In addition, the management in the division I worked in was cheap about raises and promotions. There were people who worked diligently to surpass goals and metrics that were not awarded promotions. An example would be a brilliant colleague of mine that was long overdue for a promotion that never received it. This analyst was a hard worker AND was accepted into the HARVARD SCHOOL OF BUSINESS MBA program (to attest to her caliber both intellectually and drive) but was denied a promotion. Suffice to say after several requests, my colleague got fed up and left the establishment. Note that I do not know how other divisions operate in Bank of America but the above review reflects my experiences within my division for commercial credit.

    Advice to ManagementAdvice

    Value your hard working employees. Perhaps it was because my department was managed (or mismanaged) by legacy people from FLEET when it was acquired by Bank of America, but when an individual receives a MEETS and EXCEEDS on their annual performance reviews consistently AND gets into Harvard Business School and CAN'T GET A PROMOTION shows a lot about the company and the culture. I am glad I do not work for this institution anymore and would NOT ever want to work here again. Management is below par and displays a high level of favoritism within the groups.

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
  11.  

    When it's good, it's great...

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

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

    Pros

    Some of the best professionals and managers that I have had in my career.

    Cons

    Occasionally, the "lifers" can make for a hostile work environment. My current situation is the most difficult working relationship that I have ever had in my career.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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