Bank of America
3.2 of 5 5,981 reviews
www.bankofamerica.com Charlotte, NC 5000+ Employees

Bank of America Reviews

Updated Jul 9, 2014
All Employees Current Employees Only

3.2 5,981 reviews

                             

74% Approve of the CEO

Bank of America President & CEO Brian T. Moynihan

Brian T. Moynihan

(2,518 ratings)

63% of employees recommend this company to a friend
5,981 Employee Reviews
Relevance Date Rating
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Review Highlights

Pros:
  • "The work-life balance can be better but most managers are pretty flexible with you"
    in 327 reviews
  • "Great coworkers, good work /life balance they let a lot of people work from home"
    in 181 reviews
Cons:
  • "There is very little work life balance and the pay doesn't justify the hours worked"
    in 119 reviews
  • "Lack of communication from upper management with regards to procedure changes"
    in 150 reviews
  • Show more review highlights

Reviews

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

    1 person found this helpful  

    Vice President - Constant Change - Mediocre Opportunities

    Vice President (Current Employee)
    Los Angeles, CA

    ProsGood benefits, 4 weeks of vacation

    ConsBonuses are a joke

    Base pay below average

    Heavy on middle management, lack of junior staff to delegate work to

    It's nearly impossible to move up a BAND level within your own team. Most be proactive and look around.

    Advice to Senior ManagementI think they are on track to create value to shareholders. Should offer a better incentive program to employees to motivate us to do better/more. Just trying to 'not get laid off' isn't a great motivator or sustainable long term.

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    • Culture & Values
           
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    I can honestly say that I looked forward to going to work each morning. Great company.

    Technical Writer/Trainer (Former Employee)
    Cypress, CA

    ProsWonderful positive environment
    Helpful support from management and co-workers
    Better than average benefits
    My own boss would never ask anyone to do something she would not do herself
    Superior training possibilities for job performance and advancement

    ConsAdequate salary but, I think, salaries should be based on performance and not titles alone. I managed to score "Exceed" once but it was not easy. Perhaps this not a con.

    Advice to Senior ManagementExcellent experience working for the Bank. I would enjoy working there again. Culture, values and benefits are good. I do not have anything negative to say.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    • Culture & Values
           
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    Bank for Life

    Personal Banker (Former Employee)
    Modesto, CA

    ProsExcellent training classes with great benefits.

    ConsNot enough training in different positions

    Advice to Senior ManagementHire more qualified employee

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Great company...sorry to have been laid off.

    Corporate Underwriter (Former Employee)
    Concord, CA

    ProsThere are lots of training opportunities.

    ConsNone come to mind now.

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    • Culture & Values
           
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    Great company to work for

    Customer Relationship Manager (Current Employee)
    Charlotte, NC

    ProsOpportunity for Career advancement. Management is always there to assist in helping you achieve career goals

    ConsI do not have anything cons to list at this time.

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    • Culture & Values
           
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    • Approves of CEO

     

    I was a Licensed Personal Banker and I sold bank customers to the bank product they qualified fo.r

    Anonymous Employee (Former Employee)

    ProsMy boss was a great lady. I was allowed to utilize my sales skills as I saw fit. I had many friends and still had a life.

    ConsSurprise work late nights unannounced too late in the day.

    Advice to Senior ManagementLighten up abit and allow your people to do as trained. Remember what time closing is. Ask us to work late early in the week.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    • Culture & Values
           
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    • Approves of CEO

     

    Bank of America is a good company to work with. All my managers were helpful in providing all the help needed to succeed

    Anonymous Employee (Former Employee)

    Prosbenefits, good work environemnt, sufficient training, definately opportunity for growth

    ConsNo complaints, i enjoyed working for BofA

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    • Culture & Values
           
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    • Senior Management
           
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    • Career Opportunities
           
    • Approves of CEO

     

    Opportunities!!

    Assistant Banking Center Manager (Former Employee)
    Orlando, FL

    ProsGreat management and plenty of options when ready for advancement or change of career.

    ConsBenefit cost increase for the next year.

    Advice to Senior ManagementN/a

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    • Culture & Values
           
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    • No Opinion of CEO

     

    Cut throat company but they pay well

    Anonymous Employee (Current Employee)

    ProsPay, opportunity for growth, diversified jobs

    ConsNegative people, poorly managed, too big

    Advice to Senior ManagementShrink the businesses. Too big to fail = too big to manage!

    Yes, I would recommend this company to a friend

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

     

    Awesome benefits too much paperwork.

    Assistant Vice President (Current Employee)
    Agoura, CA

    ProsThe benefits at BAC are great. From 20 days of vacation time and an additional 10 days of sick to 5% match on 401k, BAC offers benefits beyond most other companies. A 12 week paternal leave is added to this.

    ConsA very large organization entitles to too much paperwork. Also has primitive if not obselete technology for the most part. Navigating the ranks is difficult.

    Advice to Senior ManagementInvest more in getting the technology advanced so that the company becomes a leader in innovation over the competition.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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