Bank of America Reviews

Updated July 5, 2015
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3.1
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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
37 Ratings

Pros
  • Flexibility - work from home program; Work Life Balance; (in 417 reviews)

  • Flexibility to work from home when needed (in 223 reviews)

Cons
  • Work/Life balance is biased towards work (in 180 reviews)

  • no work-life balance only upper management (in 184 reviews)

More Pros and Cons

107 Employee Reviews

Sort: Popular Rating Date
  1. Document Negotiator

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

    I have been working at Bank of America full-time

    Recommends
    Negative Outlook
    Approves of CEO
    Recommends
    Negative Outlook
    Approves of CEO

    Pros

    Great corporate benefits, including emergency childcare, small reimbursement scheme for purchasing a low carbon vehicle, pension, private health care etc.
    Location is very close to St Paul's station and many amenities so very convenient to get to.
    Possibility of flexible working is there, dependent on your manager entirely.

    Cons

    Management needs to be more understanding of employee's engagements outside of work (be it community service, childcare, elder care, etc).
    Training also not particularly highlighted nor emphasized. Compliance training is stressed but training for the individual's development and enhancement are not highlighted in the slightest bit.

    Advice to Management

    Consider and allow more flexible working options. Seems to be more lip service than actual options available. Others in this industry allow much more flexible / home working than BAML.


  2. Great employer

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

    I worked at Bank of America

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Good pay, good benefits and a competitive working environment.

    Cons

    Big machine can be frustrating, and be ing left behind by the competition.


  3. Assistant Vice President

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

    I worked at Bank of America full-time (More than 5 years)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Great team culture, very modern office environment, free vending machines, modern IT equipment, open plan offices, Managers are abit hit and miss, had a combination of "its my way or the high way get on with it" management style and the "what is your input and what do you need to make it work, well done style.

    Cons

    Sometimes you need to just get your head down and get on with it to avoid the politics, workload you do outside your usual roles are not measured, therefore you have to think of ways to address it so that you are recognized for your contribution. You do have to sing for your supper at the point of end of year review.

    Advice to Management

    Approach employees that don't walk into your office daily. And question the intention of those that do!


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  5. Average

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

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

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    Pay fairly well. Look after employees if something is wrong, other than with the problems relating to your actual role.

    Cons

    No concept of career progression or growth.
    Upper management changes significantly every year.

    Advice to Management

    Stop changing your staff every year.


  6. Bank of America

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

    I have been working at Bank of America full-time

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Nice company to work for
    Good pay and benefits

    Cons

    Training opportunities are limited
    Flexible working is looked down on


  7. Dedicated Implementation Advisor

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

    I worked at Bank of America

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    Good exposure to different products
    good training

    Cons

    No career progression
    constant changes in the management
    constant changes in the job description
    negative atmosphere

    Advice to Management

    stop the constant changes
    need a complete change the culture


  8. Excellent company for graduates - good training

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

    I worked at Bank of America full-time (Less than a year)

    Recommends
    Negative Outlook
    No opinion of CEO
    Recommends
    Negative Outlook
    No opinion of CEO

    Pros

    Great benefits package, good colleagues, on site gym, canteen. Free parking

    Cons

    Business was divested by U.S. Parent and morale declined sharply


  9. Great place to be if in the right team

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

    I worked at Bank of America full-time (More than a year)

    Recommends
    Negative Outlook
    Approves of CEO
    Recommends
    Negative Outlook
    Approves of CEO

    Pros

    Great scale, lots of opportunity
    Access to expertise from various areas readily available
    Very good benefits

    Cons

    Tends to consistently underpay compared to other BB
    Lots of politics and lack of flexibility when it comes to crossing LOBs internally
    Very keen on the process and lack of flexibility when things go wrong
    If you get stuck in the wrong team, only chance of getting out is jumping to another team in your LOB. Moves to different LOBS nearly impossible even after careful personal networking - pigeonholing at its best.

    Advice to Management

    Simplify processes, promote people faster and help them move to LOBs other than the one they got hired in. Put more focus on transferable skills and stop just talking about it.


  10. great experience overall

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Bank of America (More than a year)

    Pros

    good place to work and very meritocratic

    Cons

    poor canteen food at lunch


  11. Fair bank

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

    I have been working at Bank of America

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    big organization, lots of opportunity, but be smart.

    Cons

    can be political, too big

    Advice to Management

    be smart



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