Bank of America

www.bankofamerica.com

Bank of America Reviews

Updated January 29, 2015
Updated January 29, 2015
7,473 Reviews
3.3
7,473 Reviews
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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
3,192 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

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  1. 1 person found this helpful  

    Moving up is impossible

    • 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

    Pros

    decent benefits, but could be better.

    Cons

    wages are awful. there is no room to move up.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2. 1 person found this helpful  

    Very stressful and negative work environment.

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

    I have been working at Bank of America full-time (more than 10 years)

    Pros

    Benefits were good and salary was fine.

    Cons

    Management style is only to focus on the negative. Never a kind word was uttered. Also pushed sales too heavily, less focused on keeping customers and too focused on bringing in new customers.

    Advice to ManagementAdvice

    Management needs to build up their employees and not just constantly knock them down. Management was negative, I worked at several locations with many different managers and had the same overall experience of negativity and being torn down. Also the company needs to focus on serving existence customers and keeping the existing customers happy instead of focusing so heavily on bringing new people in the door.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  3. 1 person found this helpful  

    Work culture is not that good

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Data Analyst in Jersey City, NJ
    Current Employee - Senior Data Analyst in Jersey City, NJ

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

    Pros

    None that I can think of

    Cons

    - Bad work culture
    - Group mentality
    - People are well settled in their jobs and teams and it's difficult for them to adapt to new changes or additions to the teams, making changes in exiting processes
    - Most of the softwares that are used are outdated
    - Not a good company for consultants, weird policies for them
    - Pretty much laid back work life

    Doesn't Recommend
    No opinion of CEO
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  5.  

    Field rep

    • 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

    The benefits are decent and work / life balance is good. Good teamwork amongst some team members.. Job benefits were good as far as car, gas card provided..

    Cons

    Numerous management changes in short time period which lead to different opinions... favoritism to the long term employees and not giving the newer employees the training, assistance and leadership in order to develop and grow.. push by management to rate high on their employee survey..

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  6. 1 person found this helpful  

    I would grade it as a C- just based on how they treat their long time employees.

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

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

    Pros

    I can't think of a one.

    Cons

    They do not treat their employees well. They are constantly laying off employees.

    Advice to ManagementAdvice

    You run a very inefficient company. The only reason you do relatively well is that you are extremely large as far as companies go.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7. 1 person found this helpful  

    Don't be fooled

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Bank of America full-time

    Pros

    Good hours, benefits pretty good

    Cons

    unreal amount of pressure to force products on customers, same thing every day, if you make a mistake it could cost you your job

    Doesn't Recommend
  8. 1 person found this helpful  

    Not a great company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Fraud Analyst in Newark, DE
    Current Employee - Fraud Analyst in Newark, DE

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

    Pros

    Benefeits and thats it. Horrible company.

    Cons

    Awful awful salary, annoying hours, management uptight about everything, low employee morale,etc

    Advice to ManagementAdvice

    Be more relaxed and pay more.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9. 1 person found this helpful  

    Misleading and unreasonable

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

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

    Pros

    Paid time off, military benefits,

    Cons

    Terrible management, unrealistic expectations, out of touch sales environment. In 3 years with the company and having worked in 3 banking centers I never saw one person promoted. Terrible advancement opportunities.

    Advice to ManagementAdvice

    Treat customers as if they are actual people and not just an opportunity to sale a product or to push an idea onto. Customers feel pressed and unappreciated if every time they visit a banking center they are having a "new promotion" or credit card shoved down their throats.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10. 1 person found this helpful  

    Horrible Company

    • 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 full-time (more than 10 years)

    Pros

    - If you were willing to step on others, lie, and be unethical, promotion was in your favor. There are many who advance with little to no higher education in cetain areas of the Bank.

    Cons

    Do not retain the best talent.

    Advice to ManagementAdvice

    Get out why you can. If you are already experiencing sleepless nights, find a career change Fast.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11. 1 person found this helpful  

    Great company, poor Managers

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

    I have been working at Bank of America

    Pros

    Benefits and ability to transfer if you relocate. Lots of resources to gain available experience.

    Cons

    No work, life, balance. Constantly changing. High turnover. Poor management.

    Advice to ManagementAdvice

    Believe in your associates and stop tearing them down

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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