Bank of America Reviews in San Francisco, CA Area

Pros

Great benefits
Incredible group of people to work with
Compensation is good
401k/pension benefits
Great place to learn skills with which to succeed at any job

Cons

Massive lay offs still to come as work is just cheaper in other states/countries

Pros

Bank of america is a great place to work because it is a professional environment. Management is willing to help you out when needed. Opportunity to advance to another position is relatively simple as long as you understand the policies and procedures. Overall, it is unlike any other job I've ever had, and i would definitely recommend this company to anyone.

Cons

As a teller, the down side to working here are the sales goals. Also, they really push online banking and ATM usage. We're (tellers) forced to talk to every customer about this, it almost feels like you're pushing yourself out of a job.

Advice to Senior Management

I don't have any advise for management because at the end of the day, it's their job to do what they do, and they do a great job at it.

Pros

Bank of America is a great company to work for. There is unlimited growth potential with Bank of America with competitive salaries.

Cons

There is a lot of competition due the fact that there are so many employees within Bank of America. Can be difficult to stand out. Must be patient.

Advice to Senior Management

Listen to the general public more and try not to make so many changes in such a short time span.

Pros

Individuals at Bank of America were extremely team oriented and always looked out for each other. There was a huge push for putting the client first.

Cons

Individuals would attempt to give clients everything at the expense of firm instead of focuses on their ultimate objective which was to provide realistic retirement advice.

Pros

Great managers, great pay, room to grow within the company

Cons

The magnitude of information we are expected to learn and retain is unrealistic, but interesting non the lesss. The position is production based and therefore, there is an expectation to produce shortly after you finish training.

Advice to Senior Management

Be prepard to have a lot on your plate, if you are self sufficient and smart it can be difficult

Pros

Help pay for school, good benefits, retirement plans, 401k and pension plans.

Cons

Hard to promote, the pay is not that good. If you have a family emergency it's hard to get a day off. Say they like us to work as a team but no one is willing to help you, when you have a question.

Advice to Senior Management

I have worked in two different cities for Bank of America and both managers seem to come and go as they please. Yet when you have a family emergency they seem to give you a hard time about needing a day off. They make us fallow the rules and wright us up for not fallowing them yet they do the same thing. I just wish they where more consistent I think it would help the banking center as a whole.

Pros

Good people work there
Autonomy and responsibility as a senior executive
Systems are comprehensive and sophisticated
Benefits
Power of the franchise and brand

Cons

cog in the wheel
place is run by Human Resources
So big that effort is 'lost'
layers of bureaucracy and compliance
too much process

Advice to Senior Management

In risk management the bank has not made the effort to understand who manages risk and returns effectively over the long term; it should do so.

Pros

Ridiculous amount of vacation right out of the gate: 4 weeks off plus 11 holidays, and 2 weeks of personal/sick time. 401(k) match - albeit at only 3% - *plus* a pension (in BAC stock, alas) that accrues at about $150 a paycheck (bimonthly). Ability to work from home and personal conf call line, choince between working on a Mac or PC, and general autonomy make it pretty hard toleave, no matter how unsatisfying and frustrating the experience.

Cons

Lip service paid to the user's role in User-centered Design. Management ignorance of what design research/thinking are and unwillingness to explore beyond the status quo. Overwhelming amount of bureaucracy.

Advice to Senior Management

Make the investment in your people and your products/end users by subsidising designers conference attendance and/or professional development. Cross-fertilization will yield more blooms than you can imagine.

Pros

Plenty of opportunity to develop yourself in order to get to next level of professional development. Working for large company provides diverse prospects for next step.

Cons

Not particularly a con, but having to follow a strict sales method. Being from a sales background...following a strict structure seems less natural.

Advice to Senior Management

I have no advice to offer management other than stressing their need to take a public stance against the Occupy Wall Street movement by declaring the value that consumer banking gives to their consumers publicly.

Pros

Lots of responsibility. Highly intelligent and motivated colleagues

Cons

Headline company risk, competitive environment, work/life balance