There are newer employer reviews for Bank of America
There are newer employer reviews for Bank of America

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Great Place to Work

  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Administrative Assistant in Kansas City, MO
Current Employee - Administrative Assistant in Kansas City, MO

I have been working at Bank of America full-time (More than 8 years)

Recommends
Positive Outlook
Approves of CEO
Recommends
Positive Outlook
Approves of CEO

Pros

excellent benefits, nice working conditions, great managers

Cons

if you don't like working in large companies, don't work here.

Advice to Management

excellent management

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  1. Helpful (1)

    Perceptions from a Long Term (26 years+) IT Employee Laid Off

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Consulting Systems Eng-CA in Concord, CA
    Former Employee - Consulting Systems Eng-CA in Concord, CA

    I worked at Bank of America full-time (More than 10 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Benefits and pay were very good (health, retirement), although they having been heading downhill for the last couple years (pension contribution recently cut in half, health care cost keeps rising). Most IT employees can work from anywhere. Technology is fairly current and a lot of money is spent to provide the premier online and branch banking systems in the world. A lot of good technicians still there.

    Cons

    Due to recent market conditions, especially around issues related to purchases of Countrywide and Merrill Lynch, there is a massive belt tightening and downsizing currently underway. IT associates live in constant fear of being laid off, and many are being forced to work long hours to make up for depleted teams. Many roles (including most programmers) have been outsourced (tens of thousands of contractors and employees in India and other countries). Project manager roles are generally contracted out for the length of the projects (meaning often, PMs need to learn the Bank's processes and have limited knowledge of Bank environments).

    Advice to Management

    Look back at how the Bank (especially the original Bank of America) used to function around training, maintaining, empowering, and advancement. It used to true when upper management said that the Bank's most important asset was its people, and processes were in place to support that (by the way, is there still an annual employee opinion survey, with the required management followups to it?). It may be a hit on the bottom line (although you should still be able to show a profit), but investing in your people would make a big difference in your future.


  2. Helpful (2)

    A lot of bureaucracy and overhead, but those that can cut through excel

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Tech Manager in Atlanta, GA
    Current Employee - Tech Manager in Atlanta, GA

    I have been working at Bank of America full-time (More than 3 years)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Fair compensation. Lots of bright people. Lots of flex-work/remote work opportunities.

    Cons

    Some not so brite people that should have been cut a long time ago. The Bureacucracy can become a bit much at times.


There are newer employer reviews for Bank of America
There are newer employer reviews for Bank of America

See Most Recent

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