Bank of America

www.bankofamerica.com

Bank of America Reviews in New York, NY

Updated January 25, 2015
Updated January 25, 2015
7,413 Reviews
3.3
7,413 Reviews
Rating Trends

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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
3,165 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

390 Employee Reviews Back to all reviews

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  1. 7 people found this helpful  

    Teller

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

    I have been working at Bank of America

    Pros

    Good benefits including 401k match, paid vacations and sick days etc, even for part time employees. Flexible and work with school schedule. Good starting pay.

    Cons

    Constant changes in the company are hard to keep up with. Tellers don't get bonuses and aren't paid enough for all the responabilites that they are giveb. Very hard to have a life outside of work. Can be very stressful at times .

    Recommends
    Positive Outlook
    Approves of CEO
  2. 1 person found this helpful  

    Great place to work

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

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

    Pros

    Intelligent people, lots of training, good starting salary.

    Cons

    I have no cons for the Bank of America. I think it s a great place to be. If you want to build your career in finance there are plenty of opporunities.

    Advice to ManagementAdvice

    Increase diversity, improve benefits

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Great company

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

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

    Pros

    Great working environment, great culture, great people

    Cons

    Not a lot learning opportunities for people who just start their career

    Recommends
    Neutral Outlook
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  5.  

    Compliance Assets Portfolios

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

    I worked at Bank of America as a contractor (more than 5 years)

    Pros

    Contractor Traveler under the Consent order HAmp BSA/AML

    Cons

    Compliance under ofac suspicious activity deposits and wire transfer

    Advice to ManagementAdvice

    high volume operations worldwide

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    No future in retail banking centers

    • 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 full-time (more than 5 years)

    Pros

    Peers are great for the most part, on the same page. Help each other. Management is not fair, half don't know what their doing . Management worried about their payouts only, other positions that do all the work do not qualify for bonus or payouts.

    Cons

    All positions being phased out, replaced my machines

    Advice to ManagementAdvice

    Leave the corporate office and surprise banking centers and see whats really gong on.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7.  

    It's ok

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

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

    Pros

    This is a LARGE company so your experience will depend upon what specific part of the company you are in. There is interesting work here and hours are fairly reasonable. It's just your typical large company.

    Cons

    Declining compensation and benefits (health care). Lots of hoops to jump through, lots of roadblocks especially if you are in technology. Lots of useless required training.

    Advice to ManagementAdvice

    Hire new management.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8.  

    VP Availability and Capacity

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

    I have been working at Bank of America full-time (more than 8 years)

    Pros

    family oriented, life work balance is good.

    Cons

    outsource all technical ability, mgmt is low tech, and doesn't understand the tasks at hand..

    Advice to ManagementAdvice

    hire technical folks for technical roles.

    Doesn't Recommend
    Positive Outlook
  9.  

    Fine company. Not great but not terrible

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

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

    Pros

    Global reach; lots of internal opportunities and lines of business. Emerging strong from financial crisis.

    Cons

    No raises for years due to billions in fines. Tarnished brand.

    Advice to ManagementAdvice

    Pay your employees better

    Recommends
    Positive Outlook
  10.  

    great company

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

    I have been working at Bank of America

    Pros

    work from home, technical freedom

    Cons

    salary, politics, not promoting trueerformers, not promoting people from inside, too many reorg

    Advice to ManagementAdvice

    identifying and promoting performers, lot of political promotions nothing to do with performance

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Large company, but disjoint

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

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

    Pros

    Widely recognized by clients, global reach and presence, staffed with generally capable people, able to commit resources, knowledgeable people across multiple products and geographies

    Cons

    layers of processes and rules to follow thus slow to react, leadership seems out of touch with the businesses sometimes, navigating the organizational charts can be challenging as is recognizing who can be helpful or resourceful

    Recommends
    Neutral Outlook

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