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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

6523 Other Employee Reviews for Bank of America (View Most Recent)

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  1.  

    PMD Program

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Advisor - PMD  in  Miami, FL
    Current Employee - Financial Advisor - PMD in Miami, FL

    I have been working at Bank of America full-time for less than a year

    Pros

    Great position for someone who is a career changer - you get paid a salary, which is either under 50k, or 50-70k, the salary level you choose will decide what your production hurdles will be. So you can elect a higher base but you will have higher production hurdles. They pay you to study, get your 7 and 66, and Health/Life Insur License. The prospecting and acquiring clients is BRUTAL! Do not kid yourself, the failure rate is extremely high. I have plenty of experience in marketing and it is sooo hard. Looking back I would not have started in this program. I am just hitting my hurdles but dont see this trend able to continue into the coming months as hurdles start increasing. I am contemplating looking for other positions.

    Cons

    The hurdles for production and huge, and prospecitng is extremely difficult. Cold calling is impossible with do not call lists. No one responds to mailers. Seminar success is very low and those that do want follow up drag their feet. You starve for even small accounts.

    Advice to ManagementAdvice

    Lead generation or some sort of more develop support would be great in terms of marketing and prospecting. The have plenty of resources, but the hurdles still seem unrealistsic.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  2.  

    This is a cut-throat company with and emphasis on popularity instead of skill set

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Global Policy Lead  in  Chandler, AZ
    Current Employee - Global Policy Lead in Chandler, AZ

    I have been working at Bank of America full-time for less than a year

    Pros

    Salary was satisfactory for a consultant

    Cons

    No matter how hard you work and do your job, there is no recognition

    Advice to ManagementAdvice

    Need to remove the good old boy club for this company and need to put an emphasis on skill set to get the job done. Need for senior level managers to regulate the spending activity and management in general of contractors under their wing. Abusive and discriminatory.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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