Bank of America

  www.bankofamerica.com
  www.bankofamerica.com

Bank of America Reviews in New York, NY

Updated December 22, 2014
Updated December 22, 2014
7,161 Reviews
3.3
7,161 Reviews
Rating Trends

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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
3,058 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

375 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Great culture of inclusion and diversity

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

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

    Pros

    Mgmt is competent and the work is highly intellectually stimulating.

    Cons

    7-9 hours and unexpected hours

    Advice to ManagementAdvice

    Recognize that there's often friction between senior analysts and associates and what they say about associates is not always accurate.

    Recommends
    Positive Outlook
  2.  

    Honing the technology infrastructure

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

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

    Pros

    Attentive management, evolving tech culture. Many opportunities to grow and learn.

    Cons

    Past mergers and acquisitions left a wake of inefficient and incompatible technology, still being cleaned up. Teams can be highly virtual, just now migrating back towards a co-located structure.

    Recommends
    Neutral Outlook
  3.  

    Accounts and Finance works from Morning to Evening

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

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

    Pros

    Accounts, Finance doing with office and Administration and HR done previously

    Cons

    Funds Transfer from all Banks to Cash Credit accounts and entered the account statements.

    Advice to ManagementAdvice

    As per your support I am doing to your service. Thanks a lot from your support

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Depends on what group you work for

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

    I have been working at Bank of America full-time (more than 5 years)

    Pros

    Smart people depending on the group

    Cons

    Long hours and thinning margins

    Advice to ManagementAdvice

    Better work life balance

    Recommends
    Positive Outlook
  6.  

    Work

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

    I worked at Bank of America

    Pros

    Good Working environment, few friendly people

    Cons

    Old techniques used and less growth for the software engineers

    Advice to ManagementAdvice

    Mentors should be more friendly.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  7.  

    Less than average

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

    I worked at Bank of America

    Pros

    Nothing I can think of

    Cons

    Too many changes. Salary is too low

    Advice to ManagementAdvice

    Pay more to get more

    Doesn't Recommend
    No opinion of CEO
  8.  

    Great experience, bad morale

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

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

    Pros

    Love the seminars, groups, and volunteer opportunites the bank has to offer. Also, the career sight makes it easy to search within the company.

    Cons

    I feel that there are a lot of biases with in the company. All about who you know and not about the work you put out. Also, it's a running joke that BofA is definitely "overworked understaffed".

    Advice to ManagementAdvice

    If you want retention, reward the employees you have instead of spending the budget on new faces.

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

    Nice Work, Supportive environment

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

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

    Pros

    If you want to, you can learn alot of things within 10 weeks,
    Superiors are always open for help,
    Crash course on communication improvement
    Awesome & Lively location

    Cons

    Could not find much Cons,

    Advice to ManagementAdvice

    Keep it up.

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    Great first job

    • 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 3 years)

    Pros

    office culture, business acumen, investment banking

    Cons

    huge in scale, can be better managed

    Advice to ManagementAdvice

    streamline business

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    AVP/Senior Financial Analyst

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

    I worked at Bank of America full-time (more than 5 years)

    Pros

    Solid benefits - 4 weeks vacations as an entry level employee (that may have changed). 3 months for both maternity and paternity leave. Ability to work from home. Work-life balance was easy to maintain. Most people worked about 9 or 10 hours a day in NYC.

    Many opportunities to move within the company.

    Cons

    Compensation is low compared to other firms in the industry. Bonuses we also low during the time that I was there (also a function of the economic environment).

    The experience depends a lot on the manager. There are plenty of manager that haven't received sufficient training. The culture outside of Charlotte is weak. There is a culture clash between the various hub as a result of so many mergers.

    Very hard to get things done in a timely manner. There are so many intermediary steps and approvals needed to complete anything.

    Advice to ManagementAdvice

    Focus on developing talent. Make sure compensation is on par with competitors.

    Recommends
    Neutral Outlook
    No opinion of CEO

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