Bank of America Reviews

Updated June 12, 2015
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3.3
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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
35 Ratings

Pros
  • Flexibility - work from home program; Work Life Balance; (in 417 reviews)

  • Flexibility to work from home when needed (in 223 reviews)

Cons
  • Work/Life balance is biased towards work (in 180 reviews)

  • no work-life balance only upper management (in 184 reviews)

More Pros and Cons

65 Employee Reviews

Sort: Popular Rating Date
  1. Java Developer

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Delaware in Newark, DE
    Current Contractor - Delaware in Newark, DE

    I have been working at Bank of America as a contractor

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Good place to work , can learn so many skill sets

    Cons

    No managers available in the team


  2. Great Intentions But...

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Credit Risk Analyst in Newark, DE
    Former Employee - Senior Credit Risk Analyst in Newark, DE

    I worked at Bank of America full-time (More than 10 years)

    Recommends
    Neutral Outlook
    Disapproves of CEO
    Recommends
    Neutral Outlook
    Disapproves of CEO

    Pros

    Strong Brand and they mean well but execution is severely lacking.

    Cons

    A lot of Ready, fire, aim if you understand the meaning.

    Advice to Management

    Listen to the people doing the actual tasks. Get out of your silos to understand what the "little people" have to contend with every day!


  3. **Used to be great place to work..."

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Manager in Newark, DE
    Current Employee - Senior Manager in Newark, DE

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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Good Benefits, Strong 4o1K plan, Excellent Structure, There are a few great Sr. Leaders in some departments.

    Cons

    Don't really care about Diversity. Claim to be diverse by pushing Affinity Groups but when it comes to actions you'll see promotions are given and people are moved to jobs without the role being posted. The Affinity Groups are there to hide their true lack of Diversity. The Diversity Groups are just for 'show' for the Bank to get on "Top Diversity" lists. There are some true great leaders but most have been let go and the others secretly will provide advice. May of the Sr Leaders that stay are the ones that drink the koolaid and force their teams to do the same.

    Advice to Management

    Find your way again. Think about what Bank of America was 200 years ago. Make us proud to work there again.


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  5. Helpful (2)

    Manager

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Manager in Newark, DE
    Current Employee - Manager in Newark, DE

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

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

    Pros

    Advancing opportunity available Culture built to balance work and life Learning and development opportunities to strengthen your skills and help you move forward with your career

    Cons

    Limited flexibility with schedules Yearly merit increases rarely more than 2-3% Pay not competitive with external companies Education and training needs major improvement for content around daily job

    Advice to Management

    Improve basic content training. Make sure new hires are receiving up to date and honest training about what will be required of them. It is a waste of time and resources to spend 90 days training just to change once they go live on the job or find out hidden details about what's truly required to be successful.


  6. Claims Analyst

    • Career Opportunities
    • Comp & Benefits
    Current Employee - Claims Analyst in Newark, DE
    Current Employee - Claims Analyst in Newark, DE

    I have been working at Bank of America (Less than a year)

    Pros

    Big name brand Nice teammates good training

    Cons

    Managers cannot be trusted, especially if they don't like you.


  7. The bank has many good quality PM and testing best practices

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Area Testing Manager in Newark, DE
    Former Employee - Area Testing Manager in Newark, DE

    I worked at Bank of America

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Team work, and best practices, ensures projects stay on track

    Cons

    Audit related activities can be tedious but fortunately represent a smaller percentage of daily activities

    Advice to Management

    Understand that contractors may not have 20 years of experience within the bank to understand applications at a detail level. We need support from leadership that are subject matter experts at times when we have a question.


  8. UAT Analyst

    Former Employee - Software Quality Assurance Engineer in Newark, DE
    Former Employee - Software Quality Assurance Engineer in Newark, DE

    I worked at Bank of America

    Pros

    good communication; great team work

    Cons

    interesting team maneuvering after projects


  9. A great place to work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior QA Analyst in Newark, DE
    Current Employee - Senior QA Analyst in Newark, DE

    I have been working at Bank of America

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    User friendly working environment at all.

    Cons

    Nothing as Cons to mention.

    Advice to Management

    N/A


  10. Working in Data Entry Department at BOA

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Data Entry Operator I in Newark, DE
    Former Employee - Data Entry Operator I in Newark, DE

    I worked at Bank of America

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    You can listen to music while you work.

    Cons

    No growth or advancement in this department. Shift is horrible. Fri. - Mon. Very boring job. High turnover rate in the department. Poor management. They will send you home if there's no work available. (without pay) No Full Time positions. No shift differential for working the weekends. Too much favoritism.

    Advice to Management

    Hire people for full time work. Employees can not live off a part time salary.


  11. Helpful (2)

    Excellent culture, people are generally very nice, great company with tons of opportunity.

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

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

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Excellent culture, people are generally very nice, and the company provides excellent training and on-going education. The hours are generally fair, and the management is very helpful in getting you what you need.

    Cons

    Pay is slightly less than competitors.

    Advice to Management

    None.



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