Bank of America

www.bankofamerica.com

Bank of America Reviews

Updated January 25, 2015
Updated January 25, 2015
7,413 Reviews
3.3
7,413 Reviews
Rating Trends

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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
3,165 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.  

    Good company. Too bad they left.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Banking Center Manager in San Jose, San Jose (Costa Rica)
    Former Employee - Banking Center Manager in San Jose, San Jose (Costa Rica)

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

    Pros

    Compensation. Culture. Management.

    Cons

    Compensation. Culture. Management.

    Recommends
    Negative Outlook
    Approves 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 place to work!

    • 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

    Good Benefits
    Good Hours
    Good people
    Good holiday and sick days

    Cons

    Management can be better
    Training can be improved

    Advice to ManagementAdvice

    It shouldnt always be about the sale, it should be more about the customer and the employee.

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

    Large Organization, With Typical Large Organization Problems

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

    I have been working at Bank of America full-time (more than 5 years)

    Pros

    Lots of opportunity to move within the bank to different functions, somewhat employee-focused management (in my experience), opportunity to work with robust resources, flexible work arrangements, pretty competitive compensation.

    Cons

    It's been a difficult environment with 5 years of poor bank performance. If you aren't in a revenue generating role, layoffs occur sporadically. Lots of red tape and bureaucracy, and politics.

    Advice to ManagementAdvice

    Empower people in lower positions to make decisions in order to add agility when responding to issues.

    Recommends
    Neutral Outlook
  7.  

    Great Gig

    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Windows Server Security Engineer in Industry, PA
    Current Employee - Windows Server Security Engineer in Industry, PA

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

    Pros

    Progressive company with a good working environment. Manager was the best manager I've ever worked for and he treated his team with respect.

    Cons

    I have no cons. Everything was acceptable.

    Advice to ManagementAdvice

    None

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    A corporate model for professional financial institutions

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

    I have been working at Bank of America

    Pros

    Fast pace, high level of integrity, high level of work ethics than most of the future 100 companies I have worked for.

    Cons

    considering how professional they are, there is none.

    Advice to ManagementAdvice

    Keep up the good work!

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    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
  10.  

    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
  11.  

    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

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