There are newer employer reviews for Bank of America

Helpful (1)

Worthwhile

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Modification Underwriter in Fort Worth, TX
Current Employee - Modification Underwriter in Fort Worth, TX

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

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

Pros

Low level managers are good to work with and encourage having fun while at work. Overall the environment and my experience has been good (in comparison to other places i've worked). Though the company has posters everywhere indicating the desire to make this "The Best Place to Work". I think the company has a long way to go.

Cons

In the most recent few years, income has gone down significantly. Career path is controlled by the company. Management can squelch any attempt to change jobs. Opportunities to gain certifications are limited to a few so career growth is controlled. Not many opportunities to advance career because company has been shrinking the past few years. Advancement is based on band levels (like the military). However, band levels are inaccurate. Myself having over 7 years of experience and the one training the new kids out of college has a lower band level than those being brought in. They are the ones with the opportunities for growth. Pension was cut.

Advice to Management

Reward those who've dedicated more time to the company. Work on the band levels and make them fair. Provide a clear path for growth to allow people to increase in value and demand as they continue their career. Stop cutting benefits and wages while paying your investors and management more based on the increased profit from those cuts.

reviews filtered by
  • Any Location
  • Any Job Title
  1. The company comes first!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President, Client Relationship Manager in Phoenix, AZ
    Current Employee - Vice President, Client Relationship Manager in Phoenix, AZ

    I have been working at Bank of America full-time (more than 10 years)

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

    Pros

    Large somewhat stable company with good benefits. Clients know the name Bank of America and Bank of America or Merrill Lynch have every product or service available.

    Cons

    Business decisions are made with no thought to effect on associates or clients. This is not a place I would describe as client focused. Very hard to have a good client experience these days.

    Advice to Management

    Spend more time fixing processes at Bank of America. Very hard to do business.

  2. Not a great place cause management is not the brightest

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Analyst - Trading in New York, NY
    Former Employee - Analyst - Trading in New York, NY

    I worked at Bank of America full-time (more than a year)

    Recommends
    Negative Outlook
    Disapproves of CEO
    Recommends
    Negative Outlook
    Disapproves of CEO

    Pros

    good learning and networking opportunities

    Cons

    very hard to move up, nobody really trying to help you, have to teach yourself, poor management of employees

    Advice to Management

    Learn to train employees better, people who are young and bright should be given more work and bred to lead

There are newer employer reviews for Bank of America

Work at Bank of America? Share Your Experiences

Bank of America

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.