Bank of America

www.bankofamerica.com

Bank of America Reviews in Plano, TX

Updated January 16, 2015
Updated January 16, 2015
7,519 Reviews
3.3
7,519 Reviews
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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
3,213 Ratings

Review Highlights

Pros
  • Excellent work life balance including remote work from home for certain positions (in 417 reviews)

  • They have a program called MyWork which allows you to work from home or from any location (in 223 reviews)


Cons
  • Work/life balance was a little tough but you are going to get that anywhere to be honest (in 180 reviews)

  • upper management failed to listen to the lower ranks often missing oppertuinitys (in 184 reviews)

More Highlights

119 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    If you're a career banker, how can you go wrong with this company?

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Mortgage Underwriter in Plano, TX
    Current Employee - Mortgage Underwriter in Plano, TX

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

    Pros

    Lots of room for growth. Generally they promote from within. Or you can enter "The Kingdom" one of two ways, constantly apply on their Bank of America career site, or find the staffing agency that the department you are trying to work for is using for their staffing needs. Bank of America isn't on the high end of the pay-scale, but their employee benefits are among the best. Just be ready to play the corporate game, and you'll do well.

    Cons

    Bank of America is always affected by the market and economy and they won't hesitate to hand out pink slips. It seems to the norm around the company.

    One of the most liberal company's I've ever worked for. Very bureaucratic, and very political. Network well and treat it like a game of survivor. In the end, "it's just business".

    Advice to ManagementAdvice

    Upper management should realize the value of their employees and treat them as if they are a contributing part of the success of the company, not just another warm body sitting at cubicle doing as their instructed.

    Recommends
    Neutral Outlook
    Approves of CEO
  2.  

    Good Employer

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Operations Project Manager in Plano, TX
    Former Employee - Operations Project Manager in Plano, TX

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

    Pros

    Equitable Compensation, the company invests in employee growth and offers training opportunities.

    Cons

    Recently making cut backs and I was laid off with very little notice, but it happens at all companies

    Recommends
    Neutral Outlook
  3.  

    Bank of changes

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Business Support Lead II in Plano, TX
    Current Employee - Business Support Lead II in Plano, TX

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

    Pros

    Health Benefits, Core Values, Compensation, Diversity, Affinity Groups

    Cons

    Advancement, stability, low teamwork, minimal learning to advance career, leaders

    Advice to ManagementAdvice

    Help build your employees career direction

    Recommends
    Negative Outlook
    Approves of CEO
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  5.  

    Difficult

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

    I worked at Bank of America

    Pros

    People are nice and co workers make the environment ok. However, info is not very well disseminated and info is often kept secret. Not very open

    Cons

    Large company, too much nepotism. It's who likes you that matters not what type of

    Advice to ManagementAdvice

    Nepotism is rampant. It's who likes you not what kind of job you do. Very secretive. Managers are quite standoffish and not very helpful

    Doesn't Recommend
    Negative Outlook
  6.  

    Years of Oblivion

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

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

    Pros

    Well defined processes; great employees

    Cons

    Generally many managers that are bad apples; due to mortgage losses company focusing on cheaper not better; experienec age discrimination and sexism by all female management team.
    Work life balance was given lip service - it was your responsibility, but you had to get the job done which meant 6 or 7 days a week 10 to 12 hours per day. The lip service probably made them feel they were constructively addressing the issue. :)

    Advice to ManagementAdvice

    Get rid of the bad apples

    Neutral Outlook
  7.  

    Great starting place into banking.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Systems Engineer in Plano, TX
    Current Employee - Systems Engineer in Plano, TX

    I have been working at Bank of America

    Pros

    Flex Time, Decent salary, Work-life balance

    Cons

    Erosion of benefits year after year, company funded pension plan no longer available

    Advice to ManagementAdvice

    Looks towards hiring decent people from inshore not out-source all the great jobs.

    Recommends
    Neutral Outlook
    No opinion of CEO
  8.  

    Hands down the worst job I have ever had.

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

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

    Pros

    It was close to home, that's the only good reason.

    Cons

    Having to deal with unreasonable metrics and then being punished for not hitting them when 90% of the loan officers were not hitting the required numbers. They didn't care about you as a human being.

    Advice to ManagementAdvice

    Get a new job before it affects your overall health.

    Doesn't Recommend
    Negative Outlook
  9.  

    Fair employer

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

    I worked at Bank of America full-time (more than 5 years)

    Pros

    Friendly people,nice work place balance

    Cons

    Company is downsizing, seems to be moving away from mortgage.

    Recommends
    Negative Outlook
    No opinion of CEO
  10.  

    Do the right thing but do more with less...and less. At least on the mortgage side in fulfillment.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President - Senior Financial Analyst in Plano, TX
    Current Employee - Vice President - Senior Financial Analyst in Plano, TX

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

    Pros

    Company values volunteering and believes in meritocracy. Benefits (health, dental, 401K) used to be better but are decent but I assume all big companies are cutting in this area. I had the ability to make a difference with my reporting group and to be on some challenging projects.

    Cons

    Initially when I joined, it was Countrywide and then later merged with Bank of America. Prior to the merger the environment was very liquid, changes could be made quickly for dissemination of reporting. Solid management.for the most part excluding a few bad apples. Meritocracy at its finest, you were rewarded for your hard work and achievements. After the merger, lots of growing pains but that is expected. However post merger, departments became more silo-ed, communication issues arose and company processes became very bureaucratic and slow. Lots of management changes occurring multiple times a year. Not to mention the now expected layoffs occurring every November, right before the holidays (It is almost becoming a tradition at BAC).

    I had the same manger for my first 7 years. He was smart, saw the changes and decide to transfer to another group so he could retire on his own terms and not due to layoffs. After that, I had a different manager each year for my last 2 years. This change of management lead to micro-managing and leaders that do not fully understand the history of departments/reports/people that make it happen. This led to the halting of support for areas outside of fulfillment such as sales and compliance.

    When new management takes over, they like to replace others with their own people.

    Advice to ManagementAdvice

    Too many SVP's without direct reports. When you layoff, you should start at the top and not have to layoff middle management to get an SVP some direct reports.
    Many times management is afraid to fire an associate based on color for fear of lawsuit. All this does is reiterate the lack of backbone by management.

    Recommends
    Neutral Outlook
    Approves of CEO
  11.  

    Best place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Mortgage Loan Officer in Plano, TX
    Current Employee - Mortgage Loan Officer in Plano, TX

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

    Pros

    Awesome Colleague, Management has been very supportive,

    Cons

    Lay offs is a major thing .. While the term "right sizing" is loosely used, job security is one Con. Pay can be better

    Recommends
    Positive Outlook
    Approves of CEO

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