Banc of America Investment Services – “A good place to start a career, but not a good place to make a career.”

Pros

Banc of America Investment Services, at least in my role, is a great place to work because of what you learn. Working in a call center environment you get to see a little bit of everything. I get to place trades that I would never get to place at any other firms, including advanced option trades. You also get to learn "back office" practices as well. The people are also great. Everyone wants to see you succeed so they are quick to share advice and give pointers. All of the managers and team seniors I have worked with are very competent and are great people all around.

Cons

One of the biggest downsides of working at Banc of America Investment Services would have to be the limited growth within the same division. I work in a call center, so management positions do not open up frequently, and when they do, a lot of associates are gunning for them. It makes it difficult to advance. Another downside is that the company is reluctant to sponsor you for industry tests (i.e. Series 24, Series 4) until you absolutely need it.

Advice to Senior Management

I think senior management (management not on site) needs to hold themselves more accountable for any dissatisfaction among employees. Instead, they push the responsibility to lower management who really have no power to make any changes.