Bank of America

  www.bankofamerica.com
  www.bankofamerica.com
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Bank of America Reviews in New York, NY

Updated September 25, 2014
Updated September 25, 2014
6,603 Reviews
3.3
6,603 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
2,816 Ratings

Review Highlights

Pros
  • Excellent work life balance including remote work from home for certain positions (in 392 reviews)

  • They have a program called MyWork which allows you to work from home or from any location (in 215 reviews)


Cons
  • Work-life balance seems to be skewed towards work side more often than not (in 161 reviews)

  • upper management failed to listen to the lower ranks often missing oppertuinitys (in 181 reviews)

More Highlights

348 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1. 1 person found this helpful  

    No job security.

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

    I worked at Bank of America full-time

    Pros

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

    Cons

    Bank 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 ManagementAdvice

    Listen to advise from employees at all levels.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  2. 1 person found this helpful  

    Good place to work

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

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

    Pros

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

    Cons

    Management 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.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  3.  

    Going down

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

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

    Pros

    Tuition reimbursement and Benitfits

    Cons

    Not the same company it once was.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
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  5.  

    Good

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

    I have been working at Bank of America as a contractor for more than a year

    Pros

    Better pay
    Better working environment
    Better people to work with
    Flatter and more open door environement

    Cons

    Less flexibility on work play
    Less equal in pay

    Advice to ManagementAdvice

    I think Middle layer management is the problem. Some directors move to the right direction and some dont conflicting with their own personal agenda. Have a ear to listen what is happening at the bottom and reduce the politics by making decision quicker.and communicate it out loud and clear

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    great

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

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

    Pros

    good company to work for

    Cons

    same as everywhere- they are always cons to every company

    Recommends
    Neutral Outlook
    No opinion of CEO
  7.  

    Run Bambi Run!!

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

    I worked at Bank of America full-time for more than 8 years

    Pros

    Vacation time and you will need it.

    Cons

    Management is totally clueless and retaliate.

    Advice to ManagementAdvice

    Hire people who know what they are doing.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8.  

    Overly bureaucratic

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

    I have been working at Bank of America full-time for more than a year

    Pros

    Large company with lots of opportunities for mobility.

    Cons

    Processes are over-engineered with tools that add to the inefficiencies.

    Advice to ManagementAdvice

    Streamline and simplify.

    Recommends
    Neutral Outlook
    Approves of CEO
  9.  

    Job security

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

    I have been working at Bank of America as a contractor for more than a year

    Pros

    They pay overtime for consultants. Can work remotely once in a while

    Cons

    1) There is no training or knowledge share. "Job security" approach. Indian corporate culture.
    2) Very cheap. Extremely cheap. Corporate gym is closed, buffet is closed, free coffee on the floor is a poison causing stomach aches. Water filters not changed for many months.

    Advice to ManagementAdvice

    1) Bring some american people to work. When too many people moves from offshore to US, they bring their culture that override local style.
    2) Reduce CEO pay by a few millions and spend on environment so people can work more productive

    Recommends
    Neutral Outlook
    Disapproves of CEO
  10.  

    Bank of America brought out my prior employer....it went down hill and then they shut us down

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

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

    Pros

    not many. They are will to pay overtime

    Cons

    Treat people like cattle.Everyone is just a number

    Advice to ManagementAdvice

    Leave while they can........you are disposable as well

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  11.  

    Worked in the technology division. Good people, horrible management

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

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

    Pros

    Good hours 9-5, descent technology infrastructure.

    Cons

    Poor management. Some of the most dysfunctional managers I’ve ever encountered.

    Advice to ManagementAdvice

    Implement a 360 review system where everyone in the team can review other people they work for or with; including other managers.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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