Bank of America
3.2 of 5 5,994 reviews
www.bankofamerica.com Charlotte, NC 5000+ Employees

Bank of America Reviews in New York, NY

Updated Jul 5, 2014
All Employees Current Employees Only

3.1 317 reviews

                             

71% Approve of the CEO

Bank of America President & CEO Brian T. Moynihan

Brian T. Moynihan

(120 ratings)

59% of employees recommend this company to a friend
317 Employee Reviews Back to all reviews
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    Employer focused on employee retention

    Investment Banking Associate (Current Employee)
    New York, NY

    ProsEasy to move internally, mobility programs are robust. Good health care and maternity leave benefits.

    ConsWork life balance is not great for investment bankers, review process could be more frequent, promotions should be merit based rather than time based

    Advice to Senior ManagementMore communication with employees about major changes

    Yes, I would recommend this company to a friend

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    great

    Credit (Former Employee)
    New York, NY

    Prosgood company to work for

    Conssame as everywhere- they are always cons to every company

    Yes, I would recommend this company to a friend

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    Run Bambi Run!!

    Executive Assistant (Former Employee)
    New York, NY

    ProsVacation time and you will need it.

    ConsManagement is totally clueless and retaliate.

    Advice to Senior ManagementHire people who know what they are doing.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    • Culture & Values
           
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    Good

    Consultant - Applications Programming (Current Employee)
    New York, NY

    ProsBetter pay
    Better working environment
    Better people to work with
    Flatter and more open door environement

    ConsLess flexibility on work play
    Less equal in pay

    Advice to Senior ManagementI think Middle layer management is the problem. Some directors move to the right direction and some dont conflicting with their own personal agenda. Have a ear to listen what is happening at the bottom and reduce the politics by making decision quicker.and communicate it out loud and clear

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Overly bureaucratic

    Vice President, Senior Audit Supervisor (Current Employee)
    New York, NY

    ProsLarge company with lots of opportunities for mobility.

    ConsProcesses are over-engineered with tools that add to the inefficiencies.

    Advice to Senior ManagementStreamline and simplify.

    Yes, I would recommend this company to a friend

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    Job security

    Senior Software Developer (Current Employee)
    New York, NY

    ProsThey pay overtime for consultants. Can work remotely once in a while

    Cons1) There is no training or knowledge share. "Job security" approach. Indian corporate culture.
    2) Very cheap. Extremely cheap. Corporate gym is closed, buffet is closed, free coffee on the floor is a poison causing stomach aches. Water filters not changed for many months.

    Advice to Senior Management1) Bring some american people to work. When too many people moves from offshore to US, they bring their culture that override local style.
    2) Reduce CEO pay by a few millions and spend on environment so people can work more productive

    Yes, I would recommend this company to a friend

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    Bank of America brought out my prior employer....it went down hill and then they shut us down

    Entry Level (Former Employee)
    New York, NY

    Prosnot many. They are will to pay overtime

    ConsTreat people like cattle.Everyone is just a number

    Advice to Senior ManagementLeave while they can........you are disposable as well

    No, I would not recommend this company to a friend

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    Worked in the technology division. Good people, horrible management

    Anonymous Employee (Former Employee)
    New York, NY

    ProsGood hours 9-5, descent technology infrastructure.

    ConsPoor management. Some of the most dysfunctional managers I’ve ever encountered.

    Advice to Senior ManagementImplement a 360 review system where everyone in the team can review other people they work for or with; including other managers.

    No, I would not recommend this company to a friend

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    Work hard, then leave

    Analyst (Current Employee)
    New York, NY

    ProsGood exposure, opportunity to learn a lot,

    Conswork culture is very intense

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Below Average

    Assistant Vice President (Current Employee)
    New York, NY

    ProsGood employee benefits for health, retirement, vacation time.

    ConsLack of company culture. Not a meritocracy. Many people who have worked there their entire careers and are no longer motivated. Seems like a lot of their budget has been allocated into technology development and away from proper staffing.

    Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company

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