Bank of America

  www.bankofamerica.com
  www.bankofamerica.com

Bank of America Reviews

Updated November 20, 2014
Updated November 20, 2014
6,955 Reviews
3.3
6,955 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
2,971 Ratings

Review Highlights

Pros
  • Excellent work life balance including remote work from home for certain positions (in 408 reviews)

  • They have a program called MyWork which allows you to work from home or from any location (in 218 reviews)


Cons
  • Work-life balance seems to be skewed towards work side more often than not (in 171 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.  

    Decent company

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

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

    Pros

    The pay is definitely higher at this company than what other companies pay for similar positions. There was flexibility in the past with working from home, but that has shrunken. From my experience the name of the company holds a lot weight. It will open doors for you externally.

    Cons

    It is the "good old boys club" type of atmosphere. It's all about who you know and not what you know. Expect to be treated unfairly. The hours expected are a lot but nothing nearly as bad as some other companies. Raises and bonuses are less than impressive. It is very difficult to move up and move to other departments in this company. Many people in management roles don't actually know how to manage nor do they really know what's going on in their area.

    Advice to ManagementAdvice

    I have no advice for this company. It is going to operate itself into the ground no matter what anyone advises just as it has already done.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  2.  

    the target of banks.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Personal Banker in Highland Park, IL
    Former Employee - Personal Banker in Highland Park, IL

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

    Pros

    the benifits offered such as insurance and dental are top of the line aswell as paid vacation and the oppurtunity for advancent. 2 Weeks training provided and commute to training facility can be written off.

    Cons

    a company that cares very little for its employees and has a general attitude of you dont matter. as an employee you can expect to be driven endlessly, micro managed in 15 minute increments and be given little to no respect. A very repressive environment just do as you are told you dont need to know why ect ect. False systems in place to give the false impression of employee empowerment. Constant criticism (built into manager 'roadmap') lots of terms to soften the reality of things such as 'coaching' which it literally just criticism not necesarily contructive. Policies are in an employee accessible sites but are not always observed and if an employee violates a policy write ups are issued. Mangement however is outside of the rules and do not observe the same rules and policies imposed on there employees.

    Advice to ManagementAdvice

    practise what you preach. Live by the alleged morals and slogans constantly flooding the internal e-ways. Talk is only talk.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  3.  

    Horrible company to work for

    • 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

    absolutely no pros for company

    Cons

    Make you pay for everything including parking to bank functions.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    Their loan department is ridiculous!!

    • Comp & Benefits
    • Work/Life Balance
    Former Employee - Mortgage Loan Officer in San Francisco, CA
    Former Employee - Mortgage Loan Officer in San Francisco, CA

    I worked at Bank of America full-time (more than an year)

    Pros

    Their banking side is ok

    Cons

    Those loan officers who work in the loan dept. have tremendous pressure from the processing department and it is more than from the customer. The worst is the processing dept. and the system they have to work with are the worst.

    Advice to ManagementAdvice

    stop cutting & hiring the manpower of the processing dept like a swing!! Don't use the Countywide system, you have a much better loan operating system before!! Managers, please treat your staff, those loan officers as a human being and respect their time and career.

    Doesn't Recommend
  6.  

    Bank of America

    Former Employee - Financial Analyst in Phoenix, AZ
    Former Employee - Financial Analyst in Phoenix, AZ

    I worked at Bank of America full-time (more than an year)

    Pros

    Good pay solid bonuses there was a lot of help from mentors and other staff on daily operations. Good atmosphere.

    Cons

    Long work shifts that were demanding with little breaks. No time off what so ever. Promotions rare and they almost never occurred.

  7.  

    Bureaucracy is the name of the game

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Trader in Hong Kong (Hong Kong)
    Current Employee - Senior Trader in Hong Kong (Hong Kong)

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

    Pros

    salary is great and people are from all over the world. The brand is well known. They have office in most continents.

    Cons

    impossible to innovate in anyway. Management is focused on short term as they all think they will get fired in a year maximum. So no long term project. Turnover in the teams is about 20% in HK

    Advice to ManagementAdvice

    Stop treating people like dogs and you will see a world of change

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
  8.  

    Shady, ruthless

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Team Manager in Simi Valley, CA
    Former Employee - Team Manager in Simi Valley, CA

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

    Pros

    Met good people that I am still friends with.

    Cons

    Unreasonable goals, constant changing of goals so that they can't be reached, low pay in comparison to similar positions in the industry, management philosophy of "manage through fear", use of flimsy, shady loopholes to terminate employees, low morale among employees, distrust of management

    Doesn't Recommend
    Disapproves of CEO
  9.  

    worst experience ever

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

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

    Pros

    great benefits, decent pay and thats all i can say

    Cons

    management doesn't care about their employees. they were incapable of providing proper training and did not have any procedure manuals. they expected employees to self teach themselves. so many people went on stress leave it wasn't worth the stress at all. Management didn't even know what they were doing thats why they all got laid off. a lot of favoritism as well… management were all women and they promoted their friends to get ahead. lots of catty chatter and did not care about being loud around employees. these women made it seem like they were so unhappy in their home life so they treated people so poorly in their work environment.

    Advice to ManagementAdvice

    work on implementing a proper training program. invest in the people and they will work hard for you

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10.  

    Employer of las resort.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Claims Representative in Tampa, FL
    Former Employee - Claims Representative in Tampa, FL

    I worked at Bank of America full-time

    Pros

    Decent pay and medical benefits.

    Cons

    If you are in customer service or claims your job is not to help the customer your job is to protect the bank's money at all cost. Even if an error was made that is not the customer's fault you do not want to be the employee that waives a fee because it will be counted against you. Justified or not when you sit down to see how many fees you've adjusted you'll be asked to waive less. There is a reason Bank of America has been sued so many times. Boa does not do what's right.

    Doesn't Recommend
    No opinion of CEO
  11.  

    They suck

    • 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

    you technically have a job

    Cons

    No promotion potential. Me (not degree yet) and a guy with his Bachelor's in Business Mgt started at the same wage! 24k year baby...

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

Work at Bank of America? Share Your Experiences

Bank of America

 
Click to Rate
or

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