Bank of America Reviews

Updated March 29, 2015
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3.3
7,997 Reviews
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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
3,407 Ratings

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 Pros and Cons

Employee Reviews

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  1. Loan processing

    • 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

    Benefits, job security, growth, training

    Cons

    Stressful, long training, monthly goals,

    Recommends
    Positive Outlook
    Approves of CEO
  2. 15 people found this helpful

    Company Struggles Painful for Staff

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Vice President in Los Angeles, CA
    Current Employee - Senior Vice President in Los Angeles, CA

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

    Pros

    Great benefits
    Good tech support
    Smart people

    Cons

    Extremely stressful environment. Constant fear of layoffs is exhausting the staff. Management is constantly re-organizing groups and laying people without adjusting the workload of the survivors.

    Advice to ManagementAdvice

    Please consider the human impact of constant reorganization. We feel like we are starting over and over every three months.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  3. I as employed at Bank of America for 20 years. I was a project manager and loved my job. I as recently severed.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President
    Former Employee - Vice President

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

    Pros

    Bank of America provides an advantage to be part of global teams and projects

    Cons

    Unfortunately they have a policy to reduce seasoned staff on an annual basis. Never really understood why they let experiences people go and keep new bees.

    Recommends
    Positive Outlook
    Approves of CEO
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  5. 1 person found this helpful

    Bank of America

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

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

    Pros

    Ability to affectively lead your teams

    Cons

    Pay for performance has opportunity

    Advice to ManagementAdvice

    Pay your top performers

    Recommends
    Positive Outlook
    Approves of CEO
  6. The company is great there is lots of team work.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Accounting in Los Angeles, CA
    Current Employee - Accounting in Los Angeles, CA

    I have been working at Bank of America

    Pros

    You are always busy, never bored so the day goes fast and you learn more

    Cons

    If you do not like math your life will be misreable because that is what it is all about

    Advice to ManagementAdvice

    They are strict and expect your best in everything

    Recommends
    Positive Outlook
    Disapproves of CEO
  7. 1 person found this helpful

    Great place to work if you can live with employment uncertainty.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Business Analyst in Charlotte, NC
    Current Employee - Business Analyst in Charlotte, NC

    I have been working at Bank of America

    Pros

    Competitive pay and good benefits including health insurance, pension, paid time off, charitable contributions matching program.

    Cons

    Uncertain employment environment in which the company has frequent reorgs (avg of 1/yr in my space) with no apparent employer to employee commitment, regardless of the employees ability and commitment.

    Advice to ManagementAdvice

    Develop a work atmosphere in which employees are utilized, perhaps repurposed, in the company's reorgs rather than the widespread layoffs that are commonplace. Become a company that is known for employer-employee loyalty, even if shareholders do not earn as high of profits.

    Recommends
    Neutral Outlook
    Approves of CEO
  8. Lots of growth and development

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President Unit Manager Business Control & Communications in Addison, TX
    Former Employee - Vice President Unit Manager Business Control & Communications in Addison, TX

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

    Pros

    Very good medical and disability benefits.

    Cons

    Downsizing of the mortgage side prompting me along with others within this field to be laid off.

    Advice to ManagementAdvice

    Be neutral when associates make complaints and get to know your staff.

    Recommends
    Negative Outlook
  9. 1 person found this helpful

    Good Company

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

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

    Pros

    Great benefits and easy to move around in the company as long as you are persistent. Pay was pretty decent and alot of fun working here

    Cons

    The only con I would say is due to the mortgage crisis, you never know when or if you will be laid off. Job security is not good anywhere in the mortgage industry.

    Advice to ManagementAdvice

    Try and find systems that streamline work as much as possible. Theres alot of change required in mortgage so it would be nice to not have to worry about systems changing along with it.

    Recommends
    Neutral Outlook
  10. A good company to work for.

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

    I worked at Bank of America

    Pros

    Great advancement, benefits, Vacation, and sick leave

    Cons

    really no down falls, it's what you make of it.

    Advice to ManagementAdvice

    A great company to work, advancement, training, great benefits

    Recommends
    Positive Outlook
    Approves of CEO
  11. Good place to work

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

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

    Pros

    Good opportunities to grow and network since the company is so large-- relatively easy to find a different role or function within the bank but in a different business area

    Cons

    Pros and cons around work environment and management really depends on what part of the bank you're in. Personally had good and bad experiences

    Advice to ManagementAdvice

    No general advice to management.. every team is different and work environemnt really depends on immediate upper management style. bank of america is a huge, huge employer

    Recommends
    Neutral Outlook
    Approves of CEO

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