Bank of America
3.2 of 5 5,979 reviews
www.bankofamerica.com Charlotte, NC 5000+ Employees

Bank of America Reviews in Pennington, NJ

Updated Jun 25, 2014
All Employees Current Employees Only

3.1 24 reviews

                             

83% Approve of the CEO

Bank of America President & CEO Brian T. Moynihan

Brian T. Moynihan

(6 ratings)

63% of employees recommend this company to a friend
24 Employee Reviews Back to all reviews
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    Good Organized Environment to work

    Consultant - Applications Programming (Former Employee)
    Pennington, NJ

    Pros- Proper Process in place, so much easier to work.
    - There is work pressure, but that how Financial companies are
    - Good benefits

    Cons- Work Politics among the Higher Management, which can take a toll on lower level associates

    Yes, I would recommend this company to a friend

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    • Culture & Values
           
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    • No Opinion of CEO

    1 person found this helpful  

    The other reviews were written by Bank of America's HR, nobody who works here would give this place 5/5

    Business Analyst (Current Employee)
    Pennington, NJ

    Pros-there are no pro's this place is a sweat shop

    Cons-our department was told the we had to lie on our employee satisfaction surveys and give the company 5/5 in every category
    -pay was awful (just enough to keep you going but never enough to save anything)
    -no vertical movement was possible in the company, unless you have connections
    -health insurance plans were some of the worst I've ever seen
    -management treated us like cattle
    -the training was awful, they never actually gave us reading material it was like one big rumor about what you should be doing, no uniformity

    Advice to Senior Management-stop putting fake reviews on Glassdoor.com in order to trick people into wanting to work there (it's obvious from working here that nobody would give this job anything close to a perfect score)
    -be honest and treat people like they deserve to be treated
    -don't make the office a high school environment, encouraging people to rat on each other over trivial things

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    • Culture & Values
           
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    I was looking forward to working for them for much longer.

    Printer Operator/Machine OperatorPrinter Operator/Machine O (Current Employee)
    Pennington, NJ

    ProsI really like the benefits and the ability to continue to train for other jobs within the department.

    ConsI will be getting layed off on may 21 2014

    Advice to Senior Managementnone

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    • Culture & Values
           
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    • No Opinion of CEO

     

    This is a OK place to work.

    Vice President (Current Employee)
    Pennington, NJ

    ProsWork Life Balance is great

    ConsComp is average / Politics is bad.

    Yes, I would recommend this company to a friend

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    • Culture & Values
           
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    Surprisingly few opportunities for such a big company

    Vice President (Current Employee)
    Pennington, NJ

    ProsWork for a Wall Street firm in the New Jersey suburbs and avoid the frustrating commute into New York City.

    ConsThe Bank of America culture has eroded the once-great Merrill Lynch experience and much of the employee morale and loyalty has gone.

    Advice to Senior ManagementRemember that your employees are what make the company succeed so reward them for it.

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    • Culture & Values
           
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    Challenging

    Assistant Vice President (Current Employee)
    Pennington, NJ

    Pros1. Very Challenging Work Environment
    2. Always use latest technologies to support its very complex business needs. So, lots of opportunities to lawn both financial domain and technology.

    Cons1. Not very good annual compensation increase.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    • Culture & Values
           
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    Great opportunity, great people, advancement possible

    Treasury Analyst (Current Employee)
    Pennington, NJ

    ProsGreat opportunity, great people, advancement possible

    ConsTop heavy(too many managers who shouldn't be managers)

    Advice to Senior ManagementGet out on the floor and really look to see the waste that is around(managers who have no idea what they are doing).

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    • Culture & Values
           
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    • No Opinion of CEO

     

    Employees are seen as a number in a spreadsheet

    Wealth Management Customer Service Representative (Former Employee)
    Pennington, NJ

    ProsFun environment to work in; have the potential to meet some great people

    ConsThe company saw our department as an expense. Layoffs happened unexpectedly and communication about the lack of need never occurred prior.
    Nepotism exists and popularity contests don't end in high school.

    Advice to Senior ManagementLevel employees are relevant to your company's success; treat them like it.

    No, I would not recommend this company to a friend

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    • Culture & Values
           
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    AS a Legacy ML Employee I have found that working for BOA is horrific

    Operational Risk Manager (Current Employee)
    Pennington, NJ

    ProsAbility to work from home
    Flexable work load

    ConsBenefits are expensive and terrible coverage
    Employees are no longer able to enroll in employee stock options
    Compensation is terrible for this exempt employees

    Advice to Senior ManagementDo something for the Exempt Employees

    No, I would not recommend this company to a friend

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    Service Delivery Consultant

    Anonymous Employee (Former Employee)
    Pennington, NJ

    ProsGreat place to learn about new and emerging technology. Fast paced

    ConsPetty bonus. Heavily political environment and lots egomaniacs. Low job security

    Advice to Senior ManagementFind ways to motivate employees

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