Bank of America

www.bankofamerica.com
Employer Engaged

Bank of America Reviews

Updated March 3, 2015
Updated March 3, 2015
7,773 Reviews
3.3
7,773 Reviews
Rating Trends

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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
3,319 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. 7 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
  2. 4 people found this helpful  

    Awesome Place To Work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - UAT QA in Simi Valley, CA
    Current Employee - UAT QA in Simi Valley, CA

    I have been working at Bank of America

    Pros

    some departments allow you to work from home
    great rates for contractors
    pro work/life balance

    Cons

    Layoffs come quick without any prior notice

    Advice to ManagementAdvice

    Be more open to everyone
    Have a ascension program for talent that want to get ahead

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

    Great Workplace

    • 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

    Work from home, outstanding team members, family oriented, family focused, work life balance, community service oriented, product perks, vacation time (20 days), all the benefits, great place to work.

    Cons

    Layoffs of top talented coworkers, salary is not comparable to market value, but great place to work.

    Recommends
    Neutral Outlook
    Approves of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. 3 people found this helpful  

    Bank of America exceeded all initial expectations for me.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Manager in Agoura Hills, CA
    Current Employee - Manager in Agoura Hills, CA

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

    Pros

    Great culture of professionalism, great benefits, honest focus on employee personal growth.

    Cons

    1) Unfortunately the burden of the Countrywide acquisition creates a cloud over the future of many in the Mortgage Technology division. It is the only division losing money due to repeated DOJ shakedowns and naturally a company must answer to its shareholders to become lean and profitable.

    2) Processes are being written constantly. Often without full consideration for the impact of changes and the interference with other other processes. Release management in Mortgage Technology is the definitive example of this.

    Advice to ManagementAdvice

    Maybe not fair to say but, last restructuring layoff decisions stopped short of the actual comparative value of the individual who was cut.

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  6. 2 people found this helpful  

    Business Support

    • 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

    competitive benefits, varied opportunities for lateral movement, some really great leaders, competitive salaries

    Cons

    tolerance for very unprofessional senior leaders who can't / don't walk the talk. Discontinued some flexible work programs instead of tailoring them.

    Advice to ManagementAdvice

    reinforce and mirror company core values

    Recommends
    Neutral Outlook
    Approves of CEO
  7. 1 person found this helpful  

    Great place to work!! Equal opportunity employer. Very fair. Always provided bonus even during 2008-2010 time frame.

    • 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

    Excellent management team. Very resourceful. Great tuition reimbursement program. Excellent benefits. Great first job experience.

    Cons

    I didn't think there were very many cons. Work hours may be. Goals were stretched and re structured more often then required.

    Recommends
    Negative Outlook
    Approves of CEO
  8. 1 person found this helpful  

    Good company - large bureaucracy slows down work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Manager in Agoura Hills, CA
    Former Employee - Manager in Agoura Hills, CA

    I worked at Bank of America

    Pros

    Good facilities and benefits.
    Management is focused on success and achieving goals
    Co-workers have good attitude and work well together

    Cons

    Constant lay offs create a "fear" environment
    Annual salary increases are small
    Difficult to move up within department. Most co-workers recommended I move departments in order to get promoted.

    Advice to ManagementAdvice

    Some strategies are not communicated well to the staff. Difficult to prioritize work unless we understand the strategies.

    Recommends
    Neutral Outlook
    Approves of CEO
  9.  

    Very professional environment and a place to learn a lot

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President in Los Angeles, CA
    Current Employee - Vice President in Los Angeles, CA

    I have been working at Bank of America

    Pros

    Flexible work environment, friendly and professional folks, excellent process in place for managing such a large company

    Cons

    Too big a company, things get delayed due to the size of company, I takes a long time for new technology implementation

    Advice to ManagementAdvice

    Please take care of the excellent employees so you don't lose the brain power

    Recommends
    Positive Outlook
    Approves of CEO
  10. 1 person found this helpful  

    Good business to work for.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Customer Service Representative in Spokane, WA
    Current Employee - Customer Service Representative in Spokane, WA

    I have been working at Bank of America

    Pros

    They gave a lot of employee recognition.

    Cons

    My hours were not conducive to a home life, until I had been there for a few months.

    Advice to ManagementAdvice

    They do not take very much direction from others who are not in management positions.

    Recommends
    Negative Outlook
    No opinion of CEO
  11. 1 person found this helpful  

    Personal Banker

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Personal Banker in Albany, NY
    Current Employee - Personal Banker in Albany, NY

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

    Pros

    Great compensation! If you work hard you can make more than your manangers.

    Cons

    Not enough time in the day to get everything that you need to do done. Need to be very organized!!! Too many conference calls and reports that need to be completed, they take up too much time of your actual sales time.

    Advice to ManagementAdvice

    Help coach, support, and organize the team to function as a well oiled sales machine. From the teller line to the Personal Banker to the Specialist Partners, the customer transitions should be smooth.

    Recommends
    Negative Outlook

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