Bank of America

  www.bankofamerica.com
  www.bankofamerica.com
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Bank of America Reviews

Updated October 1, 2014
Updated October 1, 2014
6,603 Reviews
3.3
6,603 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
2,816 Ratings

Review Highlights

Pros
  • Excellent work life balance including remote work from home for certain positions (in 392 reviews)

  • They have a program called MyWork which allows you to work from home or from any location (in 215 reviews)


Cons
  • Work-life balance seems to be skewed towards work side more often than not (in 161 reviews)

  • upper management failed to listen to the lower ranks often missing oppertuinitys (in 181 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Stop Spending, Stupid!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Operations Consultant  in  Newark, DE
    Former Employee - Operations Consultant in Newark, DE

    I worked at Bank of America

    Pros

    Flexibility to work from home. I worked ona team where I could literally pick my own schedule so long as I got my work done. I had a laptop and could work anytime I wanted.

    Cons

    Politics and cliques. Too many small groups of insiders. There were too many small groups of people who knew about confidential things before they happened.

    Advice to ManagementAdvice

    Keep communications more open about serious issues. Jobs were being cut yet, we were told "everything was fine".

    Recommends
    Approves of CEO
  2. 3 people found this helpful  

    Great Company, Tons of Opportunity.

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

    I have been working at Bank of America

    Pros

    Lots of opportunity to grow, Promoted within first year. Pay is Competitive. Hours are Great. What you put in is what you'll get out of it.

    Cons

    Things are always changing and its hard to get comfortable with products and routines because things always are changing and being updated.

    Advice to ManagementAdvice

    Invest in training your people outside of office

    Recommends
    Positive Outlook
    Approves of CEO
  3. 3 people found this helpful  

    Big company no a lot of advancement opportunities

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Sales & Service Specialist  in  New York, NY
    Current Employee - Sales & Service Specialist in New York, NY

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

    Pros

    Great benfits, good volunteer program, poor salary,

    Cons

    The company is sales focus but no incentives or rewards for outstanding performances.

    Doesn't Recommend
    Disapproves of CEO
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  5. 1 person found this helpful  

    Always in fear of being laid off.

    • Comp & Benefits
    • Work/Life Balance
    Former Employee - Project Manager  in  Agoura Hills, CA
    Former Employee - Project Manager in Agoura Hills, CA

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

    Pros

    Ability to work from home. Positive, upbeat employees.

    Cons

    Training not in person, all web based.

    Recommends
    Approves of CEO
  6.  

    Market Risk

    Current Employee - Anonymous
    Current Employee - Anonymous

    I have been working at Bank of America

    Pros

    It is a very organized department in terms of structure. You have access to numerous LOBs. Easily understandable hierarchy.

    Cons

    It is a large bank, so movement within team is not uncommon. 1st year analysts could be working with each other but be from different programs.

    Advice to ManagementAdvice

    Management is good.

  7.  

    I had a temporary position, my managesr/team made it more than a work enviroment welcome lifestyle to advance a career

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Lockbox Specialist  in  College Park, GA
    Current Employee - Lockbox Specialist in College Park, GA

    I have been working at Bank of America as a contractor for less than a year

    Pros

    A great company to work for where they appreciate/ reward employee dedication, as well as much over time is welcomed ! !

    Cons

    Disappointments are when contract temporary workers are the first to be sent home when workload is light.

    Advice to ManagementAdvice

    My department manager, Ceon is VERY likable, people person, supportive and push his employees towards achieving the highest goals!

    Recommends
    No opinion of CEO
  8.  

    Great Teams & Collaborative Spirit

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Bank of America full-time

    Pros

    Solid Values, great team work, critical mission focus, professional, collaborative. Company employs latest technology and sets high standards of excellence. Lot of opportunities for advancement.

    Cons

    Demanding, fast paced, can be stressful at times. BofA stresses work-life balance but not all business units adhere. Could be more effort to manage and encourage employees to feel comfortable in "balancing", in order to reduce burn out.

    Advice to ManagementAdvice

    Focus more on work-life balance.

  9.  

    Wold Class Company

    • 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 for more than 3 years

    Pros

    Great leadership. The company does know how to build a team.

    Cons

    A bit of lacking on the life and work balance. But then again in order to succeed you must give time and sometimes sacrifice other things as well.

    Recommends
  10.  

    Escrow Res

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - QA Analyst  in  Westlake Village, CA
    Current Employee - QA Analyst in Westlake Village, CA

    I have been working at Bank of America full-time for more than a year

    Pros

    Loved working for this company, culture was great, absolute priceless learning experience.

    Cons

    Only con was i was working under a contract and it ended.

    Advice to ManagementAdvice

    Many of the contractors were more dedicated than some of the permanent employees.

    Recommends
    Approves of CEO
  11. 1 person found this helpful  

    Assistant Manager

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Banking Center Assistant Manager  in  Bel Air, MD
    Former Employee - Banking Center Assistant Manager in Bel Air, MD

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

    Pros

    Great tuition reimbursement, great benefits, personal growths, great promotion possibilities

    Cons

    work schedules 9-5 blurs into 6 days a week with 7-6pm. When you are staffed it's great but understaffed makes it hell.

    Advice to ManagementAdvice

    Staff banking centers adequately

    Recommends
    Positive Outlook
    No opinion of CEO

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