Bank of America

www.bankofamerica.com

Bank of America Reviews

Updated January 26, 2015
Updated January 26, 2015
7,423 Reviews
3.3
7,423 Reviews
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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
3,172 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

Employee Reviews

Sort: Popular Rating Date
  1. 7 people found this helpful  

    Teller

    • 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

    Pros

    Good benefits including 401k match, paid vacations and sick days etc, even for part time employees. Flexible and work with school schedule. Good starting pay.

    Cons

    Constant changes in the company are hard to keep up with. Tellers don't get bonuses and aren't paid enough for all the responabilites that they are giveb. Very hard to have a life outside of work. Can be very stressful at times .

    Recommends
    Positive Outlook
    Approves of CEO
  2. 5 people found this helpful  

    The Bank

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

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

    Pros

    -Many diffrent opportunities
    -generally pay is extremely competitive
    -benefits are outstanding
    -work life balance is a focus

    Cons

    -very political in terms of promotions
    -layoffs every year
    -high turnover in leadership positions
    -large focus on theory vs practicality

    Advice to ManagementAdvice

    Once your start down a strategic path stick with it for long enough to see the long term out comes instead of changing the focus every 1 or 2 years before the results can ever fully be realized.

    Recommends
    Neutral Outlook
  3.  

    Extremely satisfied

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Bank of America full-time (more than an year)

    Pros

    - Healthy work atmosphere
    - Good Pay
    - Independent work culture
    - Great learning opportunities
    - Recognition for your hard work

    Cons

    - Not much flexibility in timings

    Recommends
    Positive Outlook
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    Research and Adjustments

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Research and Adjustments in Los Angeles, CA
    Former Employee - Research and Adjustments in Los Angeles, CA

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

    Pros

    the corporation gives you r stability and a knowledge of banking situation and Solutions to solve banking problems.and the institution let you meet different types of people.

    Cons

    Change, noticing that things are changing all around us institutions must change with the times and meet the customers needs

    Advice to ManagementAdvice

    at this point I have nothing to say.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Nothing New

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

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

    Pros

    Work/life balance; understated but good internal mobility

    Cons

    Hard to see the big picture sometimes with responsibilities and sector coverage very parceled

    Recommends
    Neutral Outlook
    Approves of CEO
  7.  

    Rewarding employer.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Bank of America

    Pros

    Employee benefits are exceptional and hard to find elsewhere.

    Cons

    Focus is primarily on sales and driving revenue.

    Recommends
    Neutral Outlook
    No opinion of CEO
  8.  

    A great job, but ...

    • Career Opportunities
    Current Employee - Independent Consultant in Wilmington, DE
    Current Employee - Independent Consultant in Wilmington, DE

    I have been working at Bank of America as a contractor (less than an year)

    Pros

    Good job, good pay, and good physical work environment. Most are great at what they do, and wonderful to know.

    Cons

    Upper Management needs to address middle management's methods.

    Advice to ManagementAdvice

    I found that middle managers who were not promoted to positions that they thought they should have do not always agree with upper management decisions, which I noticed thwarted efforts of others in the group. Of importance is that they are long-time employees who know everyone, seeming to be perfect employees. I was surprised to see this happen when I had thought so highly of them. Upper management will never see behind the facades that are well crafted, which is sad. Though they do their jobs fairly well, I found them unprofessional and immature in how they acted, and it was disappointing. However, I did enjoy my work there none-the-less.

  9.  

    Small business bankng

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

    I have been working at Bank of America

    Pros

    Great products. Great bank exposure

    Cons

    Terriable management and process is broken

    Advice to ManagementAdvice

    Allow simpler solutions by minimizing the amount of departments involved in every deal

    Recommends
    Neutral Outlook
    Approves of CEO
  10.  

    Bank of america

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Bank of America

    Pros

    working here has been great..I like the benefits and chance to advance..also overall the company is one of the best in the world

    Cons

    I feel as though there is a big difference in pay between executives and lower management

    Advice to ManagementAdvice

    pay more money to your employees at lower levels

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    I worked for Bank of America for almost 30 years. It's a good company to work for.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Vice President IT in Charlotte, NC
    Former Employee - Senior Vice President IT in Charlotte, NC

    I worked at Bank of America

    Pros

    Bank of America provides good benefits to it's employees. There are a lot of different areas, so employees can move around and learn new skills.

    Cons

    There are a lot of layoffs, so that scares many employees because they don't know how long they will have their job.

    Advice to ManagementAdvice

    The technology funding process is flawed, and if it were given the attention it needs, then the yearly lay offs in the tech area could be minimalized.

    Recommends
    Neutral Outlook
    No opinion of CEO

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