Bank of America Reviews

Updated April 26, 2015
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3.3
8,261 Reviews
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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
3,496 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

Sort: Popular Rating Date
  1. Helpful (3)

    SVP, Sr. Enterprise Architect

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Bank of America full-time

    Pros

    Good Process, Structure and plans.

    Cons

    Bad Talent Management, they keep bad talents and weed out some of the good ones.

    Advice to Management

    Keep good talents and weed out bad ones

  2. Helpful (2)

    PB

    • 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

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Benefits, bonuses, vacation, hours, products

    Cons

    advancement, opportunities, upheaval, not streamlined services, change in management

    Advice to Management

    take internal candidates more seriously, HR system needs revamping

  3. Helpful (1)

    Project 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

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    Some really interesting projects to work on with engaged leadership. Flexible work arrangements were a huge benefit.

    Cons

    Frequent layoffs became stressful and very distracting.

    Advice to Management

    Look further than the most vocal employees when evaluating talent. Some 'quieter' ones are really effective in their specific roles.

  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Senior operations specialist

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Operations Analyst in Menands, NY
    Former Employee - Senior Operations Analyst in Menands, NY

    I worked at Bank of America (More than 3 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great management and benefits team oriented

    Cons

    None just can't think of any.

    Advice to Management

    None

  6. Helpful (2)

    Personal Banker

    • 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

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great company at the tip of the spear of financial services. Great employee network and benefits.

    Cons

    Low pay and high sales pressure put on the personal bankers, with no commission. A weak bonus every quarter if you hit 100% of your goals.

    Advice to Management

    Develop a commission system to keep everyone in sales motivated

  7. UI/Frontend Developer

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

    I have been working at Bank of America as a contractor

    Recommends
    Recommends

    Pros

    Low amount of stress. Pretty relaxed people. Work from home on some days.

    Cons

    Some groups are political. One or two inflated egos are bound to push you around.

    Advice to Management

    Realize that there are people with much greater talent then you give them credit for.

  8. mortgage servicing specialist

    Former Employee - Mortgage Servicing Specialist III in Los Angeles, CA
    Former Employee - Mortgage Servicing Specialist III in Los Angeles, CA

    I worked at Bank of America (More than a year)

    Pros

    Decent atmosphere, worked downtown LA

    Cons

    Contract work, was not made permanent

  9. Helpful (1)

    Data Entry Clerk

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Data Entry Clerk in Windsor, CT
    Former Employee - Data Entry Clerk in Windsor, CT

    I worked at Bank of America (Less than a year)

    Pros

    Great environment to work in. The supervisors/Managers are friendly and helpful.

    Cons

    One could not rely on this job to pay bills. Even though the job was an "as-needed-basis" you were never allowed to put in a full week's work to get a decent pay check.

    Advice to Management

    Realize that people have bills to pay. Please be open, honest and very vocal about what to expect of the job. Don't surprise on the first day of work after we already made the commitment to work. Maybe the should speak to Manpower which does their hiring.

  10. Sales and Service Specialist

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

    I have been working at Bank of America

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    A company that is well diversified

    Cons

    The travel time is usually 35 minutes long

  11. Risk Analyst

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

    I have been working at Bank of America full-time (Less than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Good reputation, smart people, good compensation, availability of other work opportunities.

    Cons

    hard to see what impact your work is having on the organization. Promotions aren't as visible to the lower level employees.

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