Bank of America Reviews

Updated July 31, 2015
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3.3
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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
3,754 Ratings

Pros
  • Flexibility - work from home program; Work Life Balance; (in 417 reviews)

  • Flexibility to work from home when needed (in 223 reviews)

Cons
  • Work/Life balance is biased towards work (in 180 reviews)

  • no work-life balance only upper management (in 184 reviews)

More Pros and Cons

9,064 Employee Reviews

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  1. Helpful (28)

    Personal Banker

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

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

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    uncapped incentive plan, friendly people

    Cons

    customer experience linked to teller performance

    Advice to Management

    na


  2. Helpful (2)

    Wealth Management Intern

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Wealth Management Intern in Newark, NJ
    Former Employee - Wealth Management Intern in Newark, NJ

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

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Great experience, really facilitating a focus on learning in an environment that is often face paced and difficult to otherwise follow.

    Cons

    To some this may be a turn off, but the firm has a sink or swim mentality in that you are given a certain amount of work with minimal (initial) instruction to see how you perform.

    Advice to Management

    No real advice to management given that my time was relatively short during the year and everyone who worked there had enough experience to know what they were doing.


  3. Helpful (1)

    Great Company

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

    I worked at Bank of America (More than 5 years)

    Recommends
    Neutral Outlook
    Disapproves of CEO
    Recommends
    Neutral Outlook
    Disapproves of CEO

    Pros

    Leadership Pay Benefits Great Training Definitely a Stepping Stone Company

    Cons

    Leadership Retail Hours Worked Not for Career Oriented People Sales Heavy

    Advice to Management

    Keep pushing on the retail side, its not about the employee its about the employee doing the most it can for the machine. It is what it is in the retail leadership environment.


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  5. Helpful (1)

    Chicago Research & Trading

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

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

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Incredible technology for that era, incredible kitchen and chef (Les!), best people- still friends with many of them, extremely generous bonuses, great culture. Thank you CRT.

    Cons

    Absolutely no cons for CRT.

    Advice to Management

    Good luck. good luck. good luck. Good luck. good luck. good luck. Good luck. good luck. good luck. Good luck. good luck. good luck. Good luck. good luck. good luck.


  6. Helpful (1)

    Great place with confused values

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

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

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

    Pros

    Work from home when needed; Great computer architecture; Moving to Python and sharing code. Very siloed. Hard to learn new technologies since we specialize in only certain parts of the development life cycle. Great teamwork and generally friendly culture inherited from Charlotte.

    Cons

    Politics of promoting based on race/ethnicity rather than meritocracy. Lots of bureaucracy though getting better. Public relations disaster when BofA spearheaded charging fees for those checking accounts with a small balance.

    Advice to Management

    It's ironic that we do so many charitable events yet we spearheaded charging fees for those checking accounts with a small balance. Those are the poor people who we say we support so much. Get your values straight. It could have been a great PR win to not be following the herd and to look out for the poor people. We would have had great PR and have done our charity at the same time.


  7. Great company, great benefits and great environment

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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

    Bank of America treats its employees well and everyone works as a team.

    Cons

    Could be more hands on training as opposed to just computer training


  8. Mortgage Loan Officer

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    Former Employee - Mortgage Loan Officer in Sherman Oaks, CA
    Former Employee - Mortgage Loan Officer in Sherman Oaks, CA

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

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

    Pros

    - Great Benefits - Strong Company with good values - Upper management seems very concerned about the future direction of the company and is making efforts to go in a good direction.

    Cons

    - Size. The company is really large. This could be a good thing but sometimes it leads to slow change in processes and the end customer experience could be turned negative due to the it.

    Advice to Management

    - Improve communication between departments and make individual business units a little more independent in terms of decision making in order to reduce the negative effects the company being big.


  9. Assistant General Manager

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant General Manager in North New Hyde Park, NY
    Current Employee - Assistant General Manager in North New Hyde Park, NY

    I have been working at Bank of America full-time

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

    Pros

    Work at Accounts and FInance. Other works are Administration and HR Works

    Cons

    I am interested to all tipe of works what ever your information I will do at Bank of America

    Advice to Management

    AGM /GM


  10. Servicing GT&O

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Consumer Products Strategic Analyst II in Plano, TX
    Current Employee - Consumer Products Strategic Analyst II in Plano, TX

    I have been working at Bank of America full-time (More than 8 years)

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

    Pros

    work-at-home, flexible work hours in many groups, work-life balance highly important, good salaries, very diverse, teams tend to be very open for you to learn new things outside of your regular job

    Cons

    starting to remove work-at-home privileges, tremendous amount of org changes, more ability needed to increase salaries with title changes for internal candidates - great candidates are much more likely to leave due to compensation only

    Advice to Management

    reward those that highly deserve it not because someone has been there longer and used to be your top performer, stay engaged with your "front-line" team and what they see within the group


  11. Career

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Teller Operations Specialist/Bank Officer in Pompano Beach, FL
    Former Employee - Teller Operations Specialist/Bank Officer in Pompano Beach, FL

    I worked at Bank of America full-time (More than 10 years)

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    Great place for work/family balance.

    Cons

    sometimes hard to get clear direction to get promoted..



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