Bank of America Reviews

Updated August 28, 2014
Updated August 28, 2014
6,377 Reviews

3.3
6,377 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
2,705 Ratings

Review Highlights

Pros
  • Excellent work life balance including remote work from home for certain positions (in 352 reviews)

  • Great coworkers, good work /life balance they let a lot of people work from home (in 195 reviews)


Cons
  • Sexism; old BFF network; little work life balance, but they gave lip service to it (in 138 reviews)

  • Lack of communication from upper management with regards to procedure changes (in 162 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Wonderful company

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

    I worked at Bank of America full-time for more than 8 years

    Pros

    Great W/L Balance, good salary

    Cons

    Layoffs, Constant reorgs, lots of issues with cash flow

    Advice to ManagementAdvice

    No more countrywides

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Best Organization on the Planet

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Assistant Vice President, Project Manager  in  Chesapeake, VA
    Current Employee - Assistant Vice President, Project Manager in Chesapeake, VA

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

    Pros

    Professional Development, Team-Environment, Advancement Opportunities, Benefits, Awesome Leaders

    Cons

    This company is close to perfection.

    Advice to ManagementAdvice

    Continue to grow your people, we love you.

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Excellent Company

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Bank of America

    Pros

    Love it here, keep growing

    Cons

    Nothing to mention, keep up the great work!

  4. We want your feedback – Are these company reviews helpful to you?  Yes | No
  5.  

    Great Experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Executive Assistant  in  Denver, CO
    Former Employee - Executive Assistant in Denver, CO

    I worked at Bank of America full-time for more than 8 years

    Pros

    Outstanding benefits, the health insurance packages were incredible. The company has a great understanding for personal emergencies - I had taken maternity leave (12 weeks paid), and soon after returning to work my husband was in a major accident and on life support. BoA has an employee family benefit where they will hold your position in qualifying medical emergencies such as this, although unpaid (since my fmla had been used for the year). I'm grateful to have had such an understanding company and management team as a support in such a scary time.

    Cons

    Lack of career growth opportunity, feeling like a spec in a crowd.

    Recommends
    Neutral Outlook
    Approves of CEO
  6.  

    Great place to work for such a large company

    • 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 for more than 10 years

    Pros

    Great benefits, flexible work hours, ample opportunity for learning and the ability to move between departments after one year of service. Most peers are a joy to work with. The current CEO seems to be making progress with improving the company but has his work cut out for him trying to repair the damage done by the former. There seems to be a genuine effort to make the bank a better place to work despite the current economic environment.

    Cons

    Executive management is detached and separate from the mid-level managers and employees. They are mostly hired from the outside and typically last about 2 years. As a result, we're subjected to constant re-orgs and useless departmental name changes. Real organizational improvement is slow. There are a lot of inefficiencies and bureaucracy due to the many mergers and increased government regulation.

    Advice to ManagementAdvice

    More effort needs to be directed to automating the infrastructure; there are way too many disparate, yet somewhat redundant processes in place. Software development projects need to be more completely defined and realistically scoped before implementation. The politics of building fiefdoms needs to be replaced with a common corporate team spirit.

    Recommends
    Neutral Outlook
    Approves of CEO
  7.  

    A bank with a conscience - hard to find

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President  in  London, England (UK)
    Current Employee - Vice President in London, England (UK)

    I have been working at Bank of America full-time for more than a year

    Pros

    They offer many opportunities for everyone to succeed - it's then down to the individual to make the most of them and shine. Work-life balance is encouraged, although with current initiatives to streamline processes, workload demands and expectations are high. Turn this into your advantage and take on these challenges and you will shines. Mobility within the organisation is well supported.

    Cons

    Many challenges to be met in terms of the drive to become best in class. Salaries are not bad, but not the highest for investment banks in the UK. Benefits package is part of your salary rather than in addition, but is widely accepted as being the most tax efficient in the UK.

    Advice to ManagementAdvice

    Help avoid all the fire drills and consider the impact that last minute "urgent" demands for data actually has on the staff providing it...

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Good company to work for.

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

    I have been working at Bank of America part-time for more than 3 years

    Pros

    Very good benefits for part-time associates.

    Cons

    Management can ask too much of employees sometimes.

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    BOA

    • 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

    Great benefits and low out of pocket costs

    Cons

    Federal regulations hard to work within

    Approves of CEO
  10.  

    Able to teach a corporate view of banking

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Banking Center Manager II  in  Allentown, PA
    Former Employee - Banking Center Manager II in Allentown, PA

    I worked at Bank of America full-time for more than 3 years

    Pros

    Ability to move within the organization and grow. Some flexibility and the benefit package is expansive. Plenty of opportunity to learn

    Cons

    Time balance is sometimes questionable. Also there were question as to how to grow within the organization. Hard work did not always equal promotions

    Advice to ManagementAdvice

    More clarity and life work balance

    Recommends
    Neutral Outlook
    No opinion of CEO
  11.  

    Contractor

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Infrastructure  in  Chester, England (UK)
    Former Employee - Infrastructure in Chester, England (UK)

    I worked at Bank of America as a contractor for more than a year

    Pros

    Highly professional andbcompitent staff. Technology is a good place to work everyone will help everyone. Good team spirit.

    Cons

    Hard working contractors are not given a chance to go full time. They want you in then out

    Advice to ManagementAdvice

    Look at your staff. Look at how hsard they work, and give praise when required.

    Recommends
    Positive Outlook
    No opinion of CEO

Worked for Bank of America? Contribute to the Community!

Your response will be removed from the review – this cannot be undone.