There are newer employer reviews for Bank of America

 

B of A an excellent company to work for...but will it continue to be in the next year?

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Sales & Service Specialist in Seattle, WA
Current Employee - Sales & Service Specialist in Seattle, WA

I have been working at Bank of America

Pros

Bank of America provides excellent benefits to their employees. My husband and have taken advantage of their tuition reimbursement program, with a value upwards of 20,000. I have great insurance, consistently receive praise from supervisors and management, have three weeks of paid vacation annually, and was offered a promotion after only 6 months with the company.

Cons

I'm somewhat concerned about upcoming changes at Bank of America given the economic climate and their recent acquisitions of other companies. The recently discontinued a 'Spirit Rewards Program,' which was used in the past to award employees for various successes. For example, I was awarded about 7,500 points in the past year which I used to purchase 350 dollars in gas card gift certificates. Additionally, hours have been cut back and there's talk of layoffs.

Advice to ManagementAdvice

Bring back the Spirit Reward Points, and find ways to maintain the hours promised to employees hired before this economic crisis.

Recommends
Approves of CEO

6754 Other Employee Reviews for Bank of America (View Most Recent)

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  1. 1 person found this helpful  

    Employees enjoy the work at program offered at BOA

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Technology Project Manager - Vice President in Boston, MA
    Current Employee - Technology Project Manager - Vice President in Boston, MA

    I have been working at Bank of America

    Pros

    BOA is amazing with the flexible work life and work at home programs they offer. The also have all jobs posted online giving you the opportunity to easily post for them. Several recognition programs exisit and each team meeting is started with recognition to team members.

    Cons

    Demanding and forever changing processes. It seems as soon as they roll out a process they have a change to it.
    Recently BOA has cut back on a recognition program that the employees valued due to expense reduction. Benefit offering for health care are very expensive, other employers offer the same package with out the hefty price tag offered by the bank.

    Advice to ManagementAdvice

    Although changes is a constant we should evaluate our process with the mind set of less complexity in order to deliver to market faster.

    Recommends
    No opinion of CEO
  2. 2 people found this helpful  

    Creative Destruction makes a company lean and mean, but it's no fun after a while.

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

    I have been working at Bank of America

    Pros

    BofA is a large and stable bank that will survive this credit crisis.

    Cons

    Limited opportunities for advancement, mostly due to what is happening in the industry. BofA has succeeded via a growth-trough-acquisition strategy. The downside for associates is that every acquisition includes restructuring and layoffs. The Merrill merger alone will cost 30k-35k jobs.

    Advice to ManagementAdvice

    Enough with the acquisitions already! Sometimes I think you do this to stroke your egos. Bye the way, growth through acquisition is not a sure thing. Just look how well it went for Sandy Weill when he built up Citi.

    Recommends
    Approves of CEO
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