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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 for more than a year

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 ManagementAdvice

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

Recommends
Negative Outlook
Disapproves of CEO

Other Reviews for Bank of America

  1. 1 person found this helpful  

    They succeed despite themselves

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Marketing Manager  in  Philadelphia, PA
    Current Employee - Marketing Manager in Philadelphia, PA

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

    Pros

    When it was MBNA, it was a great company that I was proud to work for. All "MBNA" associates are strong and have good leadership skills. Pay is good if you worked for MBNA prior to the merger.

    Cons

    There is no opportunity for growth unless you know someone. Communication and education is useless. The company should be concerned about the growth of the company but the employees are why the company succeeds and very little emphasis is placed on acknowledging the employees and rewarding them for their success. It is a 72 Billion revenue company and they are laying 16k people off, seriously? People have gone above and beyond what was expected. Remember, do more with less, we hear that constantly. Their is so much tension in the air. People are afraid everyday they will get tapped next. There are too many departments that have weak leadership mainly because they are worrying about saving their jobs vs. building career paths or demonstrating good work ethics for their people. It is getting worse each year that goes by. The pay and benefits are the only reason 95% of the people stay. Such a sad place. It is a shame more MBNA leaders didn't stay on board. BOA senior management all the way down to line managers could have learned from them and seen what a true strong leadership team was. They could have learned alot from them.

    Advice to ManagementAdvice

    How about taking away some of the higher salaries the senior leadership currently brings home so you can keep the 16k you are laying off. They have families too. Remember the people who work 10 plus hours a day to ensure goals are achieved before you pat them on the back and tell them you will help find them a job in 60 days. Your personnel team assisting with severance packages have no sense of urgency. I have seen first hand at their assistance from fellow peers. You have to find the job yourself. Most of these people committed 20 plus years and hit their goals just to have to find another job. I have worked there 20+ years and honestly do not know anyone who truly likes to work there anymore. They are just afraid to say it, they need to feed their families. I wish Bank of America never bought out MBNA. That was a company I was proud to say I worked for not this joke.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  2.  

    Very exploited and unsatisfied!!!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Sales Associate  in  Weston, FL
    Former Employee - Sales Associate in Weston, FL

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

    Pros

    Working for a well known company is always a pro in your resume. I learned a lot working for them. They trained you, they give you all the tools to accomplish what they want you to do.

    Cons

    Depending on your manager or boos, you might end up at the same position for ever not matter how good you are. If they don't what to grow you are stock. Not even your excellent reviews will help you

    Advice to ManagementAdvice

    Appreciate what employees do for the company and show appreciation for their efforts.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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