Bank of America Reviews

Updated March 30, 2015
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3.3
8,012 Reviews
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Approve of CEO
Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
3,416 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. BAML Employee: Great resources, heavy investments into institutional business, a great platform to start a career

    • 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 (more than a year)

    Pros

    Low level of bureaucracy in the organization with a focus on developing internal talent.

    Cons

    It's a large organization and so one needs to navigate what will likely be unexpected headcount changes of peers and superiors during one's time at the firm

    Advice to ManagementAdvice

    Great place to work

    Recommends
    Neutral Outlook
    Approves of CEO
  2. Operations Risk Manager

    • 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 10 years)

    Pros

    I have experienced a wealth of opportunity to develop a diverse background and advance in my career in a variety of fields within the organization with increasing levels of responsibility.

    Cons

    I have spent many years with the company and have seen significant change throughout the entire banking industry. The bank has had to make many tough decisions through these years, which are unfortunately necessary for the benefit of the business. However, for me, some these decisions were challenging to witness.

    Recommends
    Positive Outlook
  3. Great Company to work for, benefits are very competitive.

    • 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

    Good benefits, great people, good experience.

    Cons

    none, very satisfying experience working there

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


  5. Awesome Company very family friendly.

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

    I worked at Bank of America

    Pros

    Great pay and benefits plus they have a child care program that is awesome.

    Cons

    Extremely sales driven & high paced workplace.

    Advice to ManagementAdvice

    Be aware of the community needs more related to products offered.

    Recommends
    Positive Outlook
    Approves of CEO
  6. My experience with working with Bank of America allowed me to provide high customer service quality that I love to give.

    • Comp & Benefits
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    Current Employee - Teller in Valencia, CA
    Current Employee - Teller in Valencia, CA

    I have been working at Bank of America

    Pros

    Customer service, Hours, Pay Rate, Benefits

    Cons

    The only con was that our branch did not get much heavy traffic.

    Recommends
    Positive Outlook
    Approves of CEO
  7. 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
  8. 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
  9. 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
  10. 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
  11. 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

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