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There are newer employer reviews for Bank of America

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Helpful (2)

Purging Employees, but keeping the leaders that got them in trouble

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Senior Vice President in Charlotte, NC
Former Employee - Senior Vice President in Charlotte, NC

I worked at Bank of America full-time (More than 8 years)

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

Pros

Market size
Mostly good people, just in a caustic environment

Cons

Too much focus on internal measures, to justify the leader's job...vs measuring performance for the customer.
HR thinks they're smarter than the business leaders....and granted too much power and influence.
Poor Change Management practices, leaders implement new changes way too frequently...that way they don't have to be accountable for their previous change project producing promised results. Shell game

Advice to Management

Take a harder look at upper management to understand the root of your issues,

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  1. Good place to grow & learn

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Change Manager in Charlotte, NC
    Former Employee - Senior Change Manager in Charlotte, NC

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

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Many opportunities to move around to gain valuable experience in many areas of the Financial Services world. Also many SOLID training opportunities which are applicable to any industry.

    Cons

    Layers and layers in the BAU world which lent itself to duplicated efforts as well as competing priorities. I would point to the layers being the primary reason for continuous change in the BAU world which left one feeling uneasy about the next day being their last.

    Advice to Management

    BAU was very difficult because it was very difficult to stay focused on the goal as change was always coming. Change needs to be much faster when change is needed. Also, STICK WITH IT for a longer period of time to give the team the opportunity to congeal and move forward. Transition oriented projects were definitely the very best of which to be a part; one goal, one team and everyone "swam together" to the finish line.

  2. Helpful (1)

    Sinking Ship

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Mortgage Loan Officer in East Hartford, CT
    Current Employee - Senior Mortgage Loan Officer in East Hartford, CT

    I have been working at Bank of America full-time (More than a year)

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Technology. This place has the best technology platform I have ever seen.

    Cons

    Where to start. From the top down, this place is clueless.

    Advice to Management

    Listen to your people. It's not all about reports.

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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