Bank of Ireland Reviews

Updated August 26, 2014
Updated August 26, 2014
38 Reviews

3.2
38 Reviews
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Bank of Ireland Group Chief Executive and Director; Chief Executive, Retail Financial Services Ireland (RFSI) Richie Boucher
Richie Boucher
22 Ratings

Employee Reviews

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  1. 1 person found this helpful  

    Being resilient means taking the worst form of institutional bullying and living to tell the tale about Bank of Ireland

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - IT Department  in  Dublin, Dublin (Ireland)
    Current Employee - IT Department in Dublin, Dublin (Ireland)

    I have been working at Bank of Ireland full-time for more than 10 years

    Pros

    None really. Senior Executives at the Bank involved in bullying their workers out of their jobs, so that the senior mangement can earn their bonuses

    Cons

    A culture of fear as a result of the 'voluntary' parting initiative which resulted in a number of their employees being told that 'their roles were eliminated' while contractors were brought in to back fill the roles. 1.5 years later those same roles are being advertised internally and externally. Bank of Ireland has exhibited sharp practice and treated their employees with the same contempt they treat their customers with. the only thing is that the regulator and consumer associations protect the customer. who is protecting the employees?

    Advice to ManagementAdvice

    you know who you are. if you haven't been shamed out of it already...go no.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  2.  

    worked for BoI for 3 years

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Operations Role  in  Dublin, Dublin (Ireland)
    Former Employee - Operations Role in Dublin, Dublin (Ireland)

    I worked at Bank of Ireland full-time for more than 3 years

    Pros

    none, very disappointed in work, people and organisation

    Cons

    horrible atmosphere in the department , people gossiping about everyone, no scope for development, no talent management , management had no interest in the team, discrimination on the nationality grounds, lack of imagination and innovation
    the worse place I have worked for...

    Advice to ManagementAdvice

    change in organisational culture, leadership,mission and vision

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3.  

    long career, not looked after, not worth it in the end, glad to be gone

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Relationship Manager  in  Dublin, Dublin (Ireland)
    Former Employee - Relationship Manager in Dublin, Dublin (Ireland)

    I worked at Bank of Ireland full-time for more than 3 years

    Pros

    Some good people, well known brand in Ireland, good size so there's scope to get experience in many areas

    Cons

    Bad management, little support of professional development, managers now knowing what they want, how they want to get there, but are sure it's their teams fault.

    Advice to ManagementAdvice

    train and support you staff, pay attention to your own goals, mission statement and values

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
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  5.  

    Unless the price is right, look for another bank.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Relationship Manager
    Current Employee - Relationship Manager

    I have been working at Bank of Ireland

    Pros

    Good workers, great team environments, and hungry individuals. Good Benefits and 401k package. A lot of face time with upper management, able to voice opinion (however usually falls through the cracks).

    Cons

    The division I work for used to be very nimble, think on the fly, and have an entrepreneurial mindset. However over the last 2 years the company has literally been on hold with any strategic thinking. This organization may be a positive one in the future when it pulls its head out of the sand, however currently I would not recommend this organization to anyone unless the price was extremely right.

    Advice to ManagementAdvice

    Think proactively not re actively. Think about innovation to stay ahead of the curve rather than following the pack. Global expansion is key to diversification.....BOI does not think this way. Make calculated risks for future rewards (currently extreme minimum risks are taken which equals minimal gains to lower level employees).

    Doesn't Recommend
    No opinion of CEO
  6.  

    A false promise

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Risk Officer  in  Dublin, Dublin (Ireland)
    Former Employee - Risk Officer in Dublin, Dublin (Ireland)

    I worked at Bank of Ireland full-time for more than 8 years

    Pros

    There are some decent people to work with (not work for).

    Cons

    Where do I start? crap wages, nepotism, overpaid (and far too many) managers, useless union, no perks, limited opportunities to move on or upwards etc.

    Advice to ManagementAdvice

    Most of the management at this stage should be shown the door and replaced by mid-level staff who are working their bollox off and spending a large chunk of their time studying and challenging themselves.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  7.  

    Don't bother

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Customer Advisor  in  Tallagh (Ireland)
    Current Employee - Customer Advisor in Tallagh (Ireland)

    I have been working at Bank of Ireland full-time for less than a year

    Pros

    Some nice people in the office

    Cons

    They tried to introduce themselves like a really friendly company that will help you in case of confusions and will take you to the stars. It's not true- after your training no one really cares about you. There is no career opportunities and salary is VERY low. Management doesnt know as to what is going on in the office. Atmosphere is a bit stressful, they really try to push you down sometimes. I dont look forward to go there everyday

    Advice to ManagementAdvice

    Be more interested in your employees opinions.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8.  

    Disappointing

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

    I worked at Bank of Ireland full-time for more than 5 years

    Pros

    nice colleagues, benefits (except for pay) are ok, studies paid for but only if qualification required for role

    Cons

    very political. management do not seek staffs input regularly. poor communication across various levels of management to staff. poor work atmosphere.

    Doesn't Recommend
    No opinion of CEO
  9.  

    Like a public sector dinosaur, acting as Individual business units not a company.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Business Partner  in  Dublin, Dublin (Ireland)
    Former Employee - Business Partner in Dublin, Dublin (Ireland)

    I worked at Bank of Ireland full-time for more than 5 years

    Pros

    Good salary package and benefits, great pension and lots of holidays. Get to work with some really knowledgeable people

    Cons

    Unbelievably slow to make decisions, some can literally take years. More politics than your average parliament.Way too many meetings wasting peoples time, lowers productivity . No trust in employee skill sets. Every consulting organisation in the country has been through the place on a regular basis, "writing strategy papers, advising on change, reviewing decisions. You can't make a decision without some consultant being paid too much for their uniformed opinion on it. No open communication and a culture of shoot the messenger. Executive management have no acccountability for poor decisions made. You'd be sacked in most other companies for the millions of euros of wasted company funds.

    Advice to ManagementAdvice

    Pick a strategy, tell your staff clearly where the company needs to go. Get rid of all the consultants and trust your staff. Invest more in training them on hard skills. Make decisions faster and hold senior execs acccountable for their decisions.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  10.  

    It was nice to work with BOI. Not any more.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Test Analyst  in  Dublin, Dublin (Ireland)
    Current Employee - Test Analyst in Dublin, Dublin (Ireland)

    I have been working at Bank of Ireland full-time for more than 10 years

    Pros

    Flexible with working hours. There is a good mix of people to interact with. Free tea and coffee facilities. It used to be a very nice place to work.

    Cons

    They don't look after their staff. The morale is very low. All the good experience is being lost due to outsourcing.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  11.  

    Get in at the right level and salary

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Relationship Manager  in  Dublin, Dublin (Ireland)
    Current Employee - Relationship Manager in Dublin, Dublin (Ireland)

    I have been working at Bank of Ireland full-time for more than 5 years

    Pros

    Very few.
    A few years ago when the banking system was functioning properly my division (Private Banking) was actually a good place to work. There were social events, bonuses and scope to progress.

    Cons

    No attempt to boost staff morale, depleting numbers and a general lack of direction for the business. There is a lot of pressure being applied to sales staff which is inceasing every year. It's not the worst place to work in but be sure to negotiate hard for a salary and level you are happy with because you'll be stuck there until you leave.

    Advice to ManagementAdvice

    In the absence of any big changes happening in the way the bank is run, they should try to do what they can to boost morale, which was being done even up to quite recently. Banks can't be seen to be looking after their staff! That's just the small stuff at the surface. Generally speaking Irish banks are just not a good environment to work in.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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