Bank of America Reviews in New York, NY

Updated August 20, 2014
Updated August 20, 2014
6,383 Reviews

3.3
6,383 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
2,706 Ratings

Review Highlights

Pros
  • Excellent work life balance including remote work from home for certain positions (in 352 reviews)

  • Great coworkers, good work /life balance they let a lot of people work from home (in 195 reviews)


Cons
  • Sexism; old BFF network; little work life balance, but they gave lip service to it (in 138 reviews)

  • Lack of communication from upper management with regards to procedure changes (in 162 reviews)

More Highlights

331 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Great place to work if you get the right manager

    • 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 for less than a year

    Pros

    Fantastic opportunity for career development
    Competitive salary with bonus opportunities

    Cons

    Very little autonomy
    Miserable if you have the wrong manager

    Advice to ManagementAdvice

    More autonomy for workers and a better review of managers

    Recommends
    Neutral Outlook
    Approves of CEO
  2.  

    Great people, great company...in that order.

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

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

    Pros

    The people are really wonderful. Very helpful, want you to learn and not just push buttons and get answers. I constantly feel like I am getting something out of every work day.
    The work/life balance is superb. The upper management wants to make sure their employees are getting home to see their families. They know that if the employees are happy, they will do better work.

    Cons

    It's hard working for such a public company that has been under a lot of scrutiny. Can't really talk about where you work with friends or family because you always know someone who was "burned" by the company. Personally, you can't help that, but it still makes it difficult.

    Recommends
    Positive Outlook
    Approves of CEO
  3. 1 person found this helpful  

    Review for Equity Research subsidiary of Bank of America

    • 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 for less than a year

    Pros

    I made a career switch into the capital markets subsidiary from management consulting. The equity research division for which I worked was a small team, and the peer on-boarding was fantastic. Total compensation and benefits package was also good for a career switcher.

    Cons

    Management was tough at times and due to the nature of the long work schedule, communications were not always clear. Overall, it was a great professional learning experience and provided a representative environment for a job in the capital markets.

    Recommends
    Positive Outlook
    No opinion of CEO
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  5.  

    Strong Experience at Bank of America.

    Current Employee - Associate  in  New York, NY
    Current Employee - Associate in New York, NY

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

    Pros

    Networking potential, banking and capital markets exposure.

    Cons

    large institution can be difficult to navigate

  6.  

    HSSII

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

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

    Pros

    You work with a great group of people that makes it feel like a family,

    Cons

    Management needs restructuring, sometimes it feels that you are not appreciated for the amount of work you do.

    Recommends
  7.  

    Great people but no so great policies

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

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

    Pros

    work environment is nice, coworkers are great, the benefit is not bad. The immediate managers are trying their best to accommodate the associate's needs.

    Cons

    little career guidances, very unsatisfied time off policies, we need to know what time we need off for the entire year at the beginning of the year.

    Advice to ManagementAdvice

    consider equal opportunities for all associate across the board

    Recommends
    Neutral Outlook
    No opinion of CEO
  8.  

    Not A Lot Of Cross-Department Support

    • 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 for less than a year

    Pros

    Good solid company, not likely to go out of business

    Cons

    Probably due to the number of layoffs, people tend to hoard their knowledge to make themselves irreplaceable. If you don't ask the right question to the right person, then you get nothing. Almost everyone, including the programmers, appears to be a Director or an MD, so they can legitimately ignore you on the grounds they're too busy.

    Advice to ManagementAdvice

    Create some stability. Don't fire people every time the stock price drops...

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  9.  

    Mortgage Loan Officer

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

    I worked at Bank of America full-time for less than a year

    Pros

    Almost no management supervision, left completely on your own, except for useless weekly sales meetings

    Cons

    Management is only concerned with management and their own upward mobility. They talk a great game about how concerned they are but it is 100% hot air!

    Advice to ManagementAdvice

    Realize that without your employees you will be out of business.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  10.  

    Not the best but it doesn't affect how i view the company overall.

    • 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 part-time for more than a year

    Pros

    Some branches like mine is closed on saturday so you can get the weekends off.

    Cons

    You can end up with a horrible branch manager which makes getting a promotion really tough.

    Advice to ManagementAdvice

    I think that all the manager roles need more training as far as how to manage a team.

    Recommends
    Negative Outlook
    No opinion of CEO
  11.  

    Very regimental

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

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

    Pros

    If you like having no mobility and being herded like a sheep, this company is for you.

    Cons

    No mobility, incompetent management, no training for junior employees
    A very retail-oriented mentality

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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