Bank of America

  www.bankofamerica.com
  www.bankofamerica.com
There are newer employer reviews for Bank of America

 

Bank of America is a solid company that will be around for centuries.

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Banking Center Manager in Houston, TX
Current Employee - Banking Center Manager in Houston, TX

I have been working at Bank of America

Pros

The best reason to work for B of A would have to be the benefits. 3 months maternity leave Male or Female, 4 weeks off vacation anually as a manager are two of the great benefits as a Banking Center Manager.

Cons

The Salary is not what you could earn at some of the competitors. Realistically, Bank of America is a very safe place to work now-a-days considering the economic conditions we face.

Advice to ManagementAdvice

Advice for senior management would be to always recognize your associates. Make sure you always let your associates know where they stand, good or bad.

Recommends
Approves of CEO

6955 Other Employee Reviews for Bank of America (View Most Recent)

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  1. 1 person found this helpful  

    Thoughtful Advice to Bank of America IT Leaders

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

    I have been working at Bank of America

    Pros

    I can't think of any.

    Cons

    Bank of America has extremely poor IT leadership, both on the application development side as well as on infrastructure management side. Bank of America is an ocean; but still the leadership on the IT Infrastructure (now called ET&D, previously called Network Computing Group) side is terrible. They are rudderless as well as clueless in terms of who their customers are, what their strategic objectives are, and what kind of talent they want 2 years from now, 5 years from now. The IT leadership has herd mentality and they are never involved in any business decisions with the senior business leaders. Lastly, the team undergoes constant changes, every 3-months, and use to be every year and now very frequent. Managers change constantly. Nobody knows what the strategic direction of the IT organization is or will be in 6 months/1 year /3 years from now. The IT leaders are only order-takers and obviously poor executioners. Less said about the IT leadership, better it is.

    Advice to ManagementAdvice

    Get your focus straight. Ask yourself the question: What do you want your organization to be in one year, 2 year and 5-years down-the road? You are very re-actiononary. Be pro-active. Shipping jobs to India and Mexico is not going to solve your problems. You need top to bottom overhaul of personnel, ideas, strategies, and goals. Work on getting the confidence of the business leaders and be involved in (part of) their decision making process.

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

    Bank of America has lost its way!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - AVP, Change Management Consultant in Providence, RI
    Former Employee - AVP, Change Management Consultant in Providence, RI

    I worked at Bank of America

    Pros

    Benefits are a la carte, you can tailor your benefits package to suit your needs. There is room to grow professionally if you are willing to make a lateral move to other departments within Bank of America. Ethnic and racial diversity are considered a strength at Bank of America. Interdepartmental teams and temporary assignments outside of your department are available and give employees exposure to different roles, responsibilites and jobs within Bank of America. Normally there is work schedule flexibility, employees can work staggered hours with associates starting between 6:30 and 9:30 am .Positions that have no direct customer contact can take advantage of working at home on a temporary basis.

    Cons

    Management tactics can be draconian, there is little to no management support, employee intimidation is rampant. Managers often encourage anonymous tattling as a means of controlling employees and an excuse to give negative feedback. Fourth quarter work reviews are not written and are often used to set up an employee for demotion or firing. Bank of America portrays a corporate culture that doesn't exist and a work ethic that is not practiced by their management. BoA sinply doesn 't live up to their credo. Racism can and does occur and can be overt at times.
    One of the worst practices is encouraging employees to 'fudge' figures to make a department look good. Career development consists of being told what position is available to you. There is no consideration of the employees skills and talents. Management 'force fits' you into a position or role that you may have no training, skills or desire to perform. This is done regardless of your stated career goals and objectives. Bank of America has no desire to truly develop employee talent.

    Advice to ManagementAdvice

    Get involved, give employees someone to go to when they are having problems within the department.

    Employees are routinely intimidated by management into giving good rscores to supervisors and managers on 360 feedback. Hire an outside consultant to conduct and tabulate the 360 survey, this will give a higher degree of confidence that an employee's anonimity is protected and will promote greater honesty.

    Exit interview employees when they leave, you might learn something!

    Doesn't Recommend
    Disapproves of CEO
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