Bank of America

www.bankofamerica.com

Bank of America Reviews

Updated January 30, 2015
Updated January 30, 2015
7,497 Reviews
3.3
7,497 Reviews
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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
3,201 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

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  1. 1 person found this helpful  

    INteresting

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Teller in Fairfax, VA
    Former Employee - Teller in Fairfax, VA

    I worked at Bank of America

    Pros

    Professional
    Great workplace
    Friendly co-workers
    Clean
    Fast-paced
    Challenging
    Stimulating
    Large corporation
    Opportunity for growth
    Networking
    Great training program
    Equal opportunity employer

    Cons

    Gaps in leadership
    Management issues
    Laborious
    Tough managers
    Hard to get PTOs approved
    Busy
    Tiresome
    Rude customers
    Inflexible hours
    Mediocre benefits

    Advice to ManagementAdvice

    Improve corporate culture. There should be more access between the higher ups within the firm and those working beneath management.

    No opinion of CEO
  2. 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
  3. 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
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. 1 person found this helpful  

    Great Career Opportunity, Limited Security

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Assistant Vice President in Kansas City, MO
    Current Employee - Assistant Vice President in Kansas City, MO

    I have been working at Bank of America

    Pros

    Bank of America really does care about their employees. They have decent salaries with great benefits. Working conditions are good. As always, it depends on the department and manager you work for, but generally, I have had great experience with managers at all levels. There are always opportunities for advancement, though they are not always clear, but they have ways to increase your learning via web classes. I went from cash handling to an at home work position over the twenty plus years I worked there.

    Cons

    Some have complained about a work life balance when you move to higher positions, or if you are in a high volume type production environment. The tellers and banking centers deal with sales issues, but in many back office positions that is not the case. One major issue is that when they do their yearly "house cleaning", they consolidate departments and lay folks off without warning. We held our breath every year or whenever an internal re-org took place. This does not lend itself to job security and gives the impression that the company is not really concerned about its employees.

    Advice to ManagementAdvice

    Internal advancement opportunities need to be made more clear. Furthermore, the re-organization/consolidation process creates A LOT of stress for the regular employee and ultimately effects their loyalty to the company. When an employee doesn't believe, or perceive, that the company is concerned about them because they lay folks off at a whim just to save money (when we all know BOA has enough), it effects their performance and their sense of dedication. A better way is to allow attrition to solve the problem as much as possible, and to offer opportunities within the company BEFORE just cold turkey laying folks off. An employee doesn't feel like the bank's "greatest resource" when they are treated as expendable so easily.

    Recommends
    Neutral Outlook
    Approves of CEO
  6. 1 person found this helpful  

    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
  7.  

    teller

    • 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

    great place to work, extremely diverse and excellent leaders. Couldn't ask for a better work place.

    Cons

    long drawn out hours. often nothing to do and callers are irate most of the time.

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    GOOD

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Bank of America

    Pros

    Structure, huge, good benefit and insurance

    Cons

    slow, too big, hard to get in

  9.  

    BOFA TLLER

    • 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

    Office culture and benefits, good company to work for

    Cons

    High goals, unrealistic most of the time - clearly for motivation

    Advice to ManagementAdvice

    Chill out.

    Recommends
    Neutral Outlook
    Approves of CEO
  10.  

    BofA

    • 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 10 years)

    Pros

    People are nice to work with.

    Cons

    Losing Benefits Slowly
    Always changing within the organization.
    Salaries are lower then normal.
    No vacation time.

    Recommends
    Neutral Outlook
  11.  

    Teller

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

    I worked at Bank of America

    Pros

    Company has great insurance, offers pension plan and 401K match. The company has a good work life balance. Great opportunity to move up if you like this industry.

    Cons

    Salary is not too competitive compared to amount of work you put in to accomplish goals.

    Recommends

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