Bank of America

www.bankofamerica.com

Bank of America Reviews

Updated January 26, 2015
Updated January 26, 2015
7,423 Reviews
3.3
7,423 Reviews
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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
3,172 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. 1 person found this helpful  

    Bank of America is great place to work.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Bank of America

    Pros

    Great benefits and plenty of opportunities within the company.

    Cons

    I work at a banking center which happens to be the largest and busiest in the market. The hours are too long. The bank is open until 6pm, good for consumers but not as ideal for single moms/or employees with families. There is also no fixed schedule, as a banking center employee, I have to be flexible with working any shifts. Work schedule changes every month and it's really difficult to request a change in schedule or request some time off. You must also be available to work on Saturdays as well. Again, I find that the only negative thing working for B of A (if you work in a banking center) is the schedule. Also, at the banking center that I work in, the management needs to attend more "management classes". They are NOT management material. They gossip too much, goof around too much, and have their OWN "cliques". They play favoritism and are very bias. I have friends who work at other banking centers and they seem to be very satisfied with their managers and the environment. I guess it just really depends which banking center you work in, and the kind of managers you have.

    Advice to ManagementAdvice

    To the management in my banking center, you need to attend more management classes to learn how to handle work matters. It's okay to make your center a "fun" environment to work in, but there is a time and place for "playing around". Also, management should not play favorites because they employee is their own kind/race. Everyone must be treated equally and employment advances or promotions must be given to those who work hard and are deserving of them.

    Recommends
    No opinion 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
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  5.  

    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
  6.  

    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
  7.  

    Research and Adjustments

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Research and Adjustments in Los Angeles, CA
    Former Employee - Research and Adjustments in Los Angeles, CA

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

    Pros

    the corporation gives you r stability and a knowledge of banking situation and Solutions to solve banking problems.and the institution let you meet different types of people.

    Cons

    Change, noticing that things are changing all around us institutions must change with the times and meet the customers needs

    Advice to ManagementAdvice

    at this point I have nothing to say.

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    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
  9.  

    A great job, but ...

    • Career Opportunities
    Current Employee - Independent Consultant in Wilmington, DE
    Current Employee - Independent Consultant in Wilmington, DE

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

    Pros

    Good job, good pay, and good physical work environment. Most are great at what they do, and wonderful to know.

    Cons

    Upper Management needs to address middle management's methods.

    Advice to ManagementAdvice

    I found that middle managers who were not promoted to positions that they thought they should have do not always agree with upper management decisions, which I noticed thwarted efforts of others in the group. Of importance is that they are long-time employees who know everyone, seeming to be perfect employees. I was surprised to see this happen when I had thought so highly of them. Upper management will never see behind the facades that are well crafted, which is sad. Though they do their jobs fairly well, I found them unprofessional and immature in how they acted, and it was disappointing. However, I did enjoy my work there none-the-less.

  10.  

    Small business bankng

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President in San Antonio, TX
    Current Employee - Vice President in San Antonio, TX

    I have been working at Bank of America

    Pros

    Great products. Great bank exposure

    Cons

    Terriable management and process is broken

    Advice to ManagementAdvice

    Allow simpler solutions by minimizing the amount of departments involved in every deal

    Recommends
    Neutral Outlook
    Approves of CEO
  11.  

    Bank of america

    • 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

    working here has been great..I like the benefits and chance to advance..also overall the company is one of the best in the world

    Cons

    I feel as though there is a big difference in pay between executives and lower management

    Advice to ManagementAdvice

    pay more money to your employees at lower levels

    Recommends
    Positive Outlook
    Approves of CEO

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