Banc of America Investment Services

  www.baisidirect.com
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13 Employee Reviews (View Most Recent)

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its ok

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Former Employee - Financial Advisor Pathways  in  Melville, NY
Former Employee - Financial Advisor Pathways in Melville, NY

Pros

paid training and you get benefits

Cons

your on your own no help

Advice to ManagementAdvice

none

No opinion of CEO

Other reviews for Banc of America Investment Services

  1.  

    Here you sit, don't think too hard

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

    Pros

    Flexible, great benefits, pension and 401k

    Cons

    popularity, nepotism and butt kissing seems to be the only way to advance, very lax in updating procedures and providing performance updates

    Advice to ManagementAdvice

    Focus on skills and attributes of employees regardless of social status in office, do not take feed back personally, respond to inquiries and suggestions

    Doesn't Recommend
    Disapproves of CEO
  2. 1 person found this helpful  

    Stay away from the IC

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Investment Specialist  in  Waltham, MA
    Former Employee - Investment Specialist in Waltham, MA

    Pros

    The investment Centers are great for flexibility of scheduling and simplicity of the job. You can get a day off whenever it is necessary and the management rarely gives you a hard time when taking a personal day. The job does not need you to worry about it once you log out, so it is simple in that you can do anything you want once you are out of the office.

    Cons

    Lack of opportunities to move up and repetitiveness of the job. There is bad perception that if you work in the IC (investment center) then you are not worth promoting because people relate to individuals who work in an call center to be idiots. If you try to apply for positions outside of the IC you will almost never get a call back or a invitation for an interview from your internal recruiters. The job is ok in the beginning when you are learning about some trading restrictions and basic software usage but once you go over that learning curve then everything and everyday is repeating the same things, more than 95% of your calls will be the same as a call you handled before. If you are desperate for a job and need some benefits then you can consider working here but if you plan on moving up in BAC then you should stay away as far as possible (A personal banker with no security licenses could move faster than you could working in the IC) .

    Advice to ManagementAdvice

    The IC is a great place for you to look for FAs, researchers, and traders. In fact many of your so called "Financial Advisers" are so poorly trained that they do not possess basic ideas of asset allocation, financial models, BAI operation procedures and portfolio hedging strategies, yet you have IC (CALL CENTER REPS) reps who are well versed in these financial services practices and some even have advanced designations, charters and MBAs. So, look into the IC for your future stock researchers, traders, and advisers, I assure you will find some hidden gems.

    Doesn't Recommend
    Disapproves of CEO
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