Bank of America

www.bankofamerica.com

Bank of America Reviews in New York, NY

Updated January 21, 2015
Updated January 21, 2015
7,404 Reviews
3.3
7,404 Reviews
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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
3,163 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

389 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    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
  2. 1 person found this helpful  

    Good employer

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

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

    Pros

    A lot of chance to advance to higher level position if you do well.
    Good Incentive as of now.
    Nice manager and coworkers

    Cons

    Medical Benefit not as good as I thought.

    Recommends
    Neutral Outlook
    No opinion of CEO
  3.  

    A good company to work for

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

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

    Pros

    Benefits, Perks, Salalry, Time management

    Cons

    Everything takes so much of time

    Advice to ManagementAdvice

    Identify leaders at lower level

    Recommends
    Positive Outlook
    Approves of CEO
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  5. 1 person found this helpful  

    Cheap and stupid and political

    • 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 10 years)

    Pros

    Mid level management is weak and below average

    Cons

    political environment where company "values" don't match reality

    Advice to ManagementAdvice

    compensation transparency and fire about half your MD level people.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  6.  

    Not great.

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

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

    Pros

    People were very good and liked what they did

    Cons

    Too big a firm. You were known by a number identifier

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  7.  

    Intern

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

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

    Pros

    Great location and facilities. Good corporate structure and work-life balance.

    Cons

    It was surprising to see how little everyone knew. There is a reason Bank of America has been hit with so many lawsuits: no one knows whats going on.

    Advice to ManagementAdvice

    Make all employees take a financial aptitude test.

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

    Best time at Bank of America was before it went through all those mergers and outsourcing jobs to India.

    • Comp & Benefits
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    Current Employee - Wire Transfer Operations Analyst in New York, NY
    Current Employee - Wire Transfer Operations Analyst in New York, NY

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

    Pros

    Opportunity for advancement.
    Bonus.
    37.5 hours a week

    Cons

    Too many mergers and outsourcing jobs to India.
    Medical benefits not so good. Little too much out of the pocket.
    New York back office moving operations to PA and Richmond, VA, therefore a lot of people are losing their jobs.

    Advice to ManagementAdvice

    Cannot replace people with expertise for people with no experience at all and expect them to learn wire transfer operations as well as claims and investigations in one year.
    They might save some money but in the long run it will cost the bank the loss of customers.

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

    Great place to build experience

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

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

    Pros

    Work-Life balance has reduced drastically depends on manager
    Great opportunities to volunteer
    Networking
    Benefits are not great. Healthcare has been very costly and options have drastically reduced.
    Corporate General Auditor is superb! Down to earth - if you get to meet her.

    Cons

    New BAC plans (sharing your ideas with the company) are not very effective.
    Poor external training. It makes you think either bank is cheap or your manager/directors are.
    Healthcare benefits are not the best
    You need to really kiss your manager's butt or work sweatshop shifts to get promotions and also pray for the opportunity to arise
    Very poor bonus compared to industry standards.

    Advice to ManagementAdvice

    Management brings initiative but never let's it sink through the organization. Need to motivate employees not by inviting for BYOD events.

    Recommends
    Neutral Outlook
    Approves of CEO
  10.  

    SSS

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

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

    Pros

    Good benefits, Advancement, friendly coworkers

    Cons

    hourly rate is very low compared to the service

    Advice to ManagementAdvice

    be just

    Recommends
    Approves of CEO
  11.  

    The job is fine.

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

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

    Pros

    Compensation is OK, benefits are good.

    Cons

    Working hour is too long.

    Advice to ManagementAdvice

    Make the decision in a more efficient way.

    Recommends
    Negative Outlook
    No opinion of CEO

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