Bank of America Reviews in United Kingdom

Updated October 20, 2014
Updated October 20, 2014
6,832 Reviews
3.3
6,832 Reviews
Rating Trends

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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
2,919 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

72 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    A large organisation but still feels intimate. Good to time to join as the firm has built a sense of one team and pride

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

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

    Pros

    Professional but not too cut-throat. Flexibility and opportunity to excel and add value quite quickly. Focus on CSR and Diversity and Inclusion. Not too much micro-management.

    Cons

    Lack of communication/transparency and synergies across teams due to size and different business models.
    Political at senior management level.
    Brand in Europe is not very strong.

    Advice to ManagementAdvice

    More internal mobility opportunities. Promote from within and build female leaders in the business. Try long-term talent planning

    Recommends
    Positive Outlook
  2.  

    Overall Positive experience

    • 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

    Great teams, top management care about what employee has to say, excellent benefits

    Cons

    A lot of office politics, just doing your work won't be enough to be promoted.

    Advice to ManagementAdvice

    Cut down hierarchies and promote internal employees

  3.  

    Did not meet expectations

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

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

    Pros

    Being based in Chester provides a very different range of opportunities outside of work compared to the usual investment banking lifestyle in London.

    Cons

    Poor pay relative to London, very much out of sight, out of mind to management. Decisions dominated by politics rather than the best outcomes from the company point of view. Staff retention rates are dire.

    Advice to ManagementAdvice

    Need to start engaging with the causes of staff turnover.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
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  5.  

    Large complex firm filled with the usual politics

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

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

    Pros

    American culture, friendly, more relaxed atmosphere compared to large European houses

    Cons

    Lacking European/Germanic levels of governance/oversight, more political than other firms, inter rivalry gets in the way of achievements

    Recommends
    Positive Outlook
    No opinion of CEO
  6.  

    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 (more than an 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
  7.  

    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 (more than an 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
  8.  

    Reputation of the bank

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

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

    Pros

    Good work life balance, reasonable comp ...

    Cons

    Large scale changes, redundancy threats

    Advice to ManagementAdvice

    Na

    Recommends
    Neutral Outlook
    Approves of CEO
  9.  

    Competitive, collaborative and great people

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

    I worked at Bank of America as an intern (less than an year)

    Pros

    Good pay, great events. Okay work life balance depending on division.

    Cons

    Be prepared for long hours in IBD. But worth it long term.

    Recommends
    Approves of CEO
  10.  

    Programme Manager

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

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

    Pros

    Culture is very good. BAML are trying to improve hygiene factors.

    Cons

    Big company is very slow to respond to anything. Getting even small stuff done is very hard.

    Recommends
    Positive Outlook
    No opinion of CEO
  11.  

    I really enjoy working here.

    • 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 (more than 3 years)

    Pros

    Good internal mobility opportunities; friendly teammates; always willing to listen to feedback; excellent work life balance; ability to work from home.

    Cons

    Salary and benefits could be more competitive; a lot of red tape to complete simple tasks

    Advice to ManagementAdvice

    Consistency is the key

    Recommends
    Positive Outlook
    Approves of CEO

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