Bank of America Reviews

Updated October 31, 2014
Updated October 31, 2014
6,832 Reviews
3.3
6,832 Reviews
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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
2,919 Ratings

Review Highlights

Pros
  • Excellent work life balance including remote work from home for certain positions (in 408 reviews)

  • They have a program called MyWork which allows you to work from home or from any location (in 218 reviews)


Cons
  • Work-life balance seems to be skewed towards work side more often than not (in 171 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. 2 people found this helpful  

    Smart, dedicated people, size has both pros and cons

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President in New York, NY
    Former Employee - Vice President in New York, NY

    I worked at Bank of America full-time

    Pros

    I worked in Capital Markets Technology in New York, due to size & breadth of company, you can gain exposure and access to SME's across fixed income, equities, rates, etc. Also, there is a top-notch initiative with senior management buy-in to bring all trading & risk onto a common platform.

    Cons

    Huge company, sometimes this translates to redundant levels of decision making, and it can be time-consuming to find the person or group best suited to address a given issue. Internal tech support & HR sub-optimal.

    Recommends
    Neutral Outlook
    Approves of CEO
  2. 3 people found this helpful  

    Teller

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

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

    Pros

    Full benefits start at only part-time employment status. Tuition reimbursement, flexible hours, and employee discounts.

    Cons

    Typical retail bank experiences driven to meet sales and customer satisfaction.

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

    Teller

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Teller in Dublin, GA
    Current Employee - Senior Teller in Dublin, GA

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

    Pros

    I loved working at BOA! BOA was vary face paced and the employees were a great joy to work with. You had to be very detailed ordinated and able to work under a lot of stress. At BOA you could learn lots of other responsibilities if you were willing to step forward and take charge in learning. I loved being able to learn new things and doing several daily tasks that weren't just in my job description. If you showed that you were willing to be a leader and learn different things there was opportunity to grow within the company. Best place I were worked!!

    Cons

    Only cons were having to sell produces while working in the drive-thru window a lone and having to meet a referral quota.

    Advice to ManagementAdvice

    We had a great manager!! If we meet our quota we got a bonus and management was very understanding about having to leave early if we had children or other personal appointments. Management was always willing to help everyone succeed in training and meeting our personal quotas.

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Benefits

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

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

    Pros

    Great work life benefits, 401k, and medical insurance compared to others

    Cons

    There was a lot of pressure for the personal bankers and although a lot depends on your location they still require a lot of work in a very limited amount of time

    Advice to ManagementAdvice

    Assist with sales

    No opinion of CEO
  6.  

    BOA Review

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

    I have been working at Bank of America as an intern (less than an year)

    Pros

    Great location
    Strong Culture
    Very Vibrant
    Very Flexible
    Great company

    Cons

    None, none, none, none, none

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Great place that is large and hard to navigate but rewarding

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

    I worked at Bank of America full-time (more than 8 years)

    Pros

    challenging work: the work is hard but resources are availalbe to help support , great people,: unbelievable people/peers. strong compensation/benefits: some of the best in US.

    Cons

    High expectations: business leaders never want to hear "no" and ask for 100% complete and drive people to over-work. management decisions: can sometimes be hard to swallow as they are busy too and seem to not have time to assist and then can fuss a little when it is not done they way they want.

    Advice to ManagementAdvice

    take care of the people and actually live the values you push. dig into more of what people are doing and understand people overwork. keep up teh great learning systems and benefits.

    Recommends
    Neutral Outlook
    Approves of CEO
  8.  

    Great place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Security in New York, NY
    Former Employee - Security in New York, NY

    I worked at Bank of America full-time (more than an year)

    Pros

    Good people forward think company overall work environment very positive. Recommend this company to people looking.

    Cons

    Salary a little low however, there is room for advancement as it it a very large company and many positions are available

    Advice to ManagementAdvice

    Try to be more competitive on salary

    Recommends
    Positive Outlook
    No opinion of CEO
  9.  

    Provisioned/Deprovisioned users access to Multiple applications/systems on various platforms in RBAC environemnet

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Systems/Data Security Analyst in Chandler, AZ
    Former Employee - Systems/Data Security Analyst in Chandler, AZ

    I worked at Bank of America as a contractor (more than an year)

    Pros

    It was a very pleasant experience, excellent management and the whole team. Entire system was very well organized.

    Cons

    Unfortunetly they could not hire me permanenetly due to lack of funding at the time.

    Recommends
    Approves of CEO
  10.  

    Excellent benefits

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

    I worked at Bank of America

    Pros

    Caring to their employees, especially if you show effort and initiative. The opportunity for growth.

    Cons

    My biggest challenge was the constant push to meet sales goals, especially because that is not my strongest attribute.

    Advice to ManagementAdvice

    People like to learn. I suggest teach them and don't only look at the numbers. The more you educate your employees and offer them guidance, the better they will perform. And make sure they are rewarded and feel valuable to the team.

    Recommends
    Positive Outlook
    No opinion of CEO
  11.  

    Great Place to Work until you find FT job.

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

    I have been working at Bank of America as a contractor (more than 3 years)

    Pros

    People are very helpful. They are on cutting edge with some technology.

    Cons

    Takes forever to get things done. Contractors are the doers. No training for Contractors and you can lose your skills fast. Processes and Procedures consume your day. Have to be a self-starter to learn everything you need to do you job as no one will train you.

    Advice to ManagementAdvice

    Take time to train people. If you ask 10 people the same question, you will get 10 different answers because there is no training consistency.

    Recommends
    Positive Outlook
    Disapproves of CEO

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