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It's all in who you work for.....

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Former Employee - Credit Analyst  in  Charlotte, NC
Former Employee - Credit Analyst in Charlotte, NC

I worked at Bank of America

Pros

The best reason to work at Bank of America would definitely be to get the name on your resume and hopefully to make some good money. In this environment, banking jobs are hard to come by so a good opportunity with the company wouldn't be a bad career move. I personally think that your experience at the bank, due to its large size, will be VERY dependent on what city you live in, what division you work in, and who your manager is. Some managers are highly incompetent, and poor motivators, others are great motivators, great leaders, and inspire you to work hard. So when you interview, assess your manager very well.

Cons

The downside of working at Bank of America would definitely be that the size of the Company means some groups are mch better to work in than others, meaning your experience could be a crap shoot. In this environment, banking jobs are hard to come by, and there is a lot of stress and worry about being downsized, so a safer industry may be more appealing right now. If you go, try to negotiate severance up front. I can't stress how much your experience at the bank will be VERY dependent on what city you live in, what division you work in, and who your manager is. Some managers are highly incompetent, and poor motivators, others are great motivators, great leaders, and inspire you to work hard. So when you interview, assess your manager very well.

Advice to ManagementAdvice

Take a hard look at what you offer displaced employees. The Company lets a lot of talented people go and does not have very effective methods of trying to reposition the talented employees within the organization. In my time at the bank, I've seen a lot of talented people leave for negligible amounts of money. The bank would be a better place if they were able to keep some of these people.

No opinion of CEO

Other Reviews for Bank of America

  1.  

    If you want a stable job, this is the place.

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

    I have been working at Bank of America

    Pros

    Job Stability because you won't get acquired.

    Cons

    Big Bank with Big Bank Mentality. Relationships are stressed but that doesn't always matter.

    Advice to ManagementAdvice

    Treat the people right now because when the market changes, and it will, they won't forget. The party line of where else can you go is true right now, but won't be forever.

    Approves of CEO
  2.  

    Consumer bank mentality

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Associate  in  New York, NY
    Current Employee - Associate in New York, NY

    I have been working at Bank of America

    Pros

    There are a lot of different functions in the bank so there is opportunity to try out different roles in different function areas. If you have a six sigma certificate, it might help a lot in finding a job in the bank.

    Cons

    Lower pay, Consumer banking culture and mindset. Charlotte seems to be the center of the world in this company. It is hard to imagine how its culture is going to be merging with that of Merrill Lynch as they have very different styles. In addition, BoA has a very poor severance package in case you get laid off. It is abysmal compared with any other banks.

    Advice to ManagementAdvice

    Realize the diversity of business in this bank and be open to different cultures.

    Doesn't Recommend
    No opinion of CEO
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