Bank of America

www.bankofamerica.com
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Employee Reviews

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  1.  

    Dont move with the times

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Administrative Assistant III in London, England (UK)
    Former Employee - Administrative Assistant III in London, England (UK)

    I worked at Bank of America

    Pros

    None since merging with Merrill Lynch

    Cons

    Constant org changes since merger make compamy a very insecure place to work

    Advice to ManagementAdvice

    Retain and respect and invest in current employees

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  2. 1 person found this helpful  

    For those who want a paycheck only

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Business Analyst in Dallas, TX
    Former Employee - Business Analyst in Dallas, TX

    I worked at Bank of America

    Pros

    Insurance Benefits, Vacation Time, Sick time, LOA

    Cons

    Poor management - Middle management lacks personal business experience. Under stress daily, constant layoffs, unobtainable expectations.

    Advice to ManagementAdvice

    Have an actual open door policy, and stop using HR to hide behind your poor management decisions with employees.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3.  

    Just general review

    • 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

    Good work life balace true

    Cons

    Management has no integrity my experience

    Doesn't Recommend
    Neutral Outlook
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  5.  

    run, run away fast...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President in New York, NY
    Current Employee - Vice President in New York, NY

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

    Pros

    i have a decent work-life balance because i work in a satellite office, not a main office where you can be watched by management. other than that, honestly not many pros at this behemoth that is completely out of touch...

    Cons

    people are just not nice at this place. senior management has it's favorites and that's it. you REALLY have to drink the juice to fit in at this place. benefits aren't that great and are expensive. client base is old and tired and trying to on-board new clients is almost impossible due to high cost structure which does not allow for high rates being extended not lower fees...easily the highest priced bank on the street...also, their internal rating system is very GE-esque....i.e. SOMEBODY has to be in the bottom even if you did a good job, generated revenue and your clients like you....

    Advice to ManagementAdvice

    stop being delusional, stop focusing on inane things like diversity and focus on employee satisfaction, remove barriers to get stuff done....oh yeah, and hire a real CFO, one who doesn't make multi-billion mistakes that cost employees bonus dollars.....

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  6.  

    Technical staffing has fallen far in the last decade.

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

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

    Pros

    If you are a contractor from India, it's great, but the "of America" is a joke. Those with actual technical skills have either been laid off as too expensive or left because they saw the handwriting on the wall.

    Cons

    Their software development is a sad pale remnant of what it once was - and the remaining technical management are political game players just playing turf wars (most are cast offs from the failed financial institutions that BofA stupidly picked up since 2008). Almost all development has been off-shored to incompetent foreign developers who deliver late and over budget, if at all.

    Advice to ManagementAdvice

    Stop asking employees why they "are proud to work for BofA" - the only affirmative responses you are getting are from those afraid to voice their honest feelings and those with a weak moral compass. Try doing the hard work (rather than surveys), making the morally coutrageous choices (rather than the cost cutting craven ones), and make it a place to actually be proud of!

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7.  

    Personal Banker

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

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

    Pros

    Great benefits such as insurance and 401K. It's a large corporation so it has a lot of perks.

    Cons

    Bad training starting from the beginning. Most of the banking center managers never had proper management training thus there being a lot unprofessional work attitude.

    Advice to ManagementAdvice

    To the senior management at Bank of America, including the area executive and the market managers, I would recommend to set a tight process in place when it comes to training. Your banking center managers abuse their power when you are not in the center with them. Also, when you do come and visit they make sure to cover up whatever should not happen in the center. I would also recommend for there to be a program that helps associates to grow in the company. Banking center managers will refuse to help you to get where you want if you simply don't make them a favor. There is a lot of work t do.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8.  

    horrible

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

    I worked at Bank of America

    Pros

    salary is very very competitive.

    Cons

    senior management are the absolute worst.

    Advice to ManagementAdvice

    fire senior management

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9.  

    Horrible place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Loan Processor in San Francisco, CA
    Current Employee - Loan Processor in San Francisco, CA

    I have been working at Bank of America full-time (more than 5 years)

    Pros

    The pay is okay but still mediocre compared to other companies.

    Cons

    Horrible management
    Horrible process
    Unreasonable goals
    Unorganized company
    If you like being blamed for everything and treated unfairly then this is the company for you!
    Even when something is done correctly management will find something that was done wrong.

    Advice to ManagementAdvice

    Appreciate the work your employees do. Help them out without belittling them when they ask for help.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  10.  

    Worst company I have ever worked for.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Fraud Initiation Analyst I in Kennesaw, GA
    Current Employee - Fraud Initiation Analyst I in Kennesaw, GA

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

    Pros

    Benefits were good. That is about it.

    Cons

    Environment is very depressing. I worked in ATM Debit Fraud Claim (FCI) and hated every minute of it. Worked a total of four years at this bank and three of that being in Fraud. I worked as a Teller inside the banking center the other year. Teller work was O.K. not as depressing as Fraud. The management in fraud is the worst and they destroy everyone's morale. Calls are back to back all day every day. You get counted off when you use the bathroom. It is ran like a high school basically. They prefer you ask to use the bathroom. One department does not speak to the other and basically all you do is get yelled at and cussed out all day every day from the terrible customers.

    Advice to ManagementAdvice

    Completely re-do the entire management team and put people in their that actually care.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  11.  

    dont work here

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

    I have been working at Bank of America

    Pros

    good benefits, free parking, free water

    Cons

    everything else. no training, no way to move up, those acting like they do something get rewarded more than those who produce more, despite all the stat keeping.

    Advice to ManagementAdvice

    get out of the mortgage servicing industry

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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