Bank of America
3.2 of 5 5,981 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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    Balance of life and good comp

    Director (Current Employee)
    New York, NY

    ProsSane managers, reasonable hours and reasonable pay. All firms have good and bad managers but BAC seems to have a higher percentage of sensible human managers.

    ConsOverly Breaucratic. Lots of caution to avoid the financial disasters of the past. This leads to lots of lists, reviews and audits. Its hard to see that they all have value.

    Yes, I would recommend this company to a friend

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    GMRT&O Intern

    GMRT&O (Current Employee)
    New York, NY

    ProsGreat team dynamic. Agile programming. HR is great with organizing activities and events for interns to meet with upper level management.

    ConsSometimes a bit unorganized. May not have a lot to do all the time. All coding is done using the BAML in-house IDE.

    Advice to Senior ManagementWould be nice if company organized more events that support personal growth or team building.

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

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    Great company to work for, great opportunities to move around, great opportunities to work with senior engineers.

    Consultant - Systems Engineer (Current Employee)
    New York, NY

    ProsGreat work schedule flexibility, decent upward mobility, decent upper level management. Able to offer suggestions and ask questions about technology.

    ConsVery large company, can take longer for decisions to be made. Many different teams designing the same task simultaneously. Roles can be added without additional compensation.

    Advice to Senior ManagementBe sure you understand your job function and how to help the people below you.

    Yes, I would recommend this company to a friend

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    • Culture & Values
           
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    Bank of America has great benefits for employees. The perks are better

    Administrative Assistant III (Current Employee)
    New York, NY

    ProsThe best reason to work here are the perks. Through their community and charitable contributions, I have met a Nobel Peace Prize winner, got paid to deliver food to the elderly, and walk some great dogs! If you're on a good team, life balance is amazing!

    ConsThey really should be more competitive with regard to assistant salaries/bonus. As Wall Street companies go, other brokerage houses and banks pay their assistants better.

    Advice to Senior ManagementWhen you take over someone's company - you should be in charge - not them! We were a great company without Merrill, now we're Merrill's company.

    Yes, I would recommend this company to a friend

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    Manhattan Teller...

    Bank Teller (Current Employee)
    New York, NY

    Pros401-k, employee benefits, volunteer program

    Consnot very flexible with scheduling

    Advice to Senior Managementtellers are young and in school. be more accomodating

    No, I would not recommend this company to a friend

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    No job security.

    Client Relationship Manager (Former Employee)
    New York, NY

    ProsMerrill Lynch's platform is still the best on the street for broker dealers.

    ConsBank of America employees have no job security. I worked at Merrill Lynch for over 30 years. When Bank of America employees talked to us they told us that 5 years was a lot for them.

    Advice to Senior ManagementListen to advise from employees at all levels.

    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 place to work

    Assistant Vice President (Current Employee)
    New York, NY

    ProsWork family balance can be achieved. Functional growth can be achieved. Benefits are good. Employees behave well with each other.

    ConsManagement is not very great. Limited growth in technical areas and hierarchy. Protocols are not followed very well. Management has poor judgement of talent and leadership qualities.

    No, I would not recommend this company to a friend

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    Going down

    Teller Operations Specialist (Current Employee)
    New York, NY

    ProsTuition reimbursement and Benitfits

    ConsNot the same company it once was.

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

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    Nice work-life balance

    Administrative Assistant III (Current Employee)
    New York, NY

    ProsGreat, friendly, knowledgable colleagues, and plenty of room for upward advancement if you're willing to take the initiative.

    ConsA lot of red tape and bureaucracy which gets worse and worse as the years go by.

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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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