Bank of America

www.bankofamerica.com
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411 Employee Reviews Back to all Reviews

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  1.  

    FA

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

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

    Pros

    For me: THANK GOD I NEVER had my banking at Bofa, I would NEVER bank or do my mortgage at Bofa.

    Only trading account at ML, which is perfect.

    Cons

    More and more and more and more processes, ultimately deminishing your ability to earn your bonus = NO BONUS

    Clients end up paying when the service is impacted by these unnecessary policies.

    Advice to ManagementAdvice

    Diversity would help not just lots of Salt (no pun intended) and few peppers only

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2.  

    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
  3.  

    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
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  5. 1 person found this helpful  

    Worse professional experience in over 25 year career in IT

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President, Consultant - Business Systems Integration in New York, NY
    Former Employee - Vice President, Consultant - Business Systems Integration in New York, NY

    I worked at Bank of America

    Pros

    Wide variety of technology; well-developed tele-work program (although the company's commitment to it seems to be declining; talented, dedicated co-workers

    Cons

    Constant re-organization and lay-offs; no job security; every directive from management is delivered with a threat; constant changes of course; total lack of set direction; the most hostile relationships with vendors and suppliers I've ever seen; lots of talk about making BofA the best place to work from the top but ultimately absolutely no commitment to employees. I've worked for 3 large major corporations in over a 25 year career and this was, by far, the worse professional experience I had.

    Advice to ManagementAdvice

    Treat front-line employees who are working hard to provide top level service for customers with basic respect. Communicate priorities without threats.

    Doesn't Recommend
    Disapproves of CEO
  6.  

    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
  7.  

    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
  8.  

    Good Employer

    • 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 3 years)

    Pros

    Worked here 4 years, good local management team. Always very supportive and understanding. Benefits are very good.

    Cons

    Like many other big banks decisions always seem to be dollar driven with less concern given to displaced employees. Can be difficult to grow depending on your job position in the company.

    Advice to ManagementAdvice

    Sometimes the dollar and cents decisions should be thought through better.

    Recommends
    Approves of CEO
  9.  

    Good experience, great team.

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

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

    Pros

    Good team, smart people, interesting problems, great place to start and learn. Good pay, and benefits.

    Cons

    Somewhat bureaucratic and political. No major issues though.

    Recommends
    No opinion of CEO
  10.  

    Great place to work

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

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

    Pros

    Good people forward think company overall work environment very positive. Recommend this company to people looking.

    Cons

    Salary a little low however, there is room for advancement as it it a very large company and many positions are available

    Advice to ManagementAdvice

    Try to be more competitive on salary

    Recommends
    Positive Outlook
    No opinion of CEO
  11.  

    Satisfactory

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Contractor - FR Y-14A/M/Q in New York, NY
    Current Contractor - FR Y-14A/M/Q in New York, NY

    I have been working at Bank of America as a contractor (more than 10 years)

    Pros

    Access to data is very good

    Cons

    Very good training especially WBT

    Advice to ManagementAdvice

    None

    Approves of CEO

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