Glassdoor is your free inside look at Bank of America reviews and ratings — including employee satisfaction and approval rating for Bank of America CEO Brian T. Moynihan. All reviews posted anonymously by Bank of America employees.
Current Employee – been working at Bank of America full-time
Pros – Excellent opportunity to gain leadership and corporate experience. Benefits are first class, many employee focused programs and benefits to tap into.
Cons – Very political and difficult to navigate the good ol boy network at times. Salaries are deplorable for mid level managers and front line associates. This often leads to retention problems with the less capable associates remaining longer and having negative impact on the business. Cross functional departments and systems are often convoluted and leads to service issues for internal and external customers.
Advice to Senior Management – More effective execution of the pay-for-performance model. If an associate really wants to increase their salary, they often must leave the company and return a year later demanding a higher salary. While this works in many cases, it creates a negative experience for the both the associate and the company.
No, I would not recommend this company to a friend
2013-01-12 07:38 PST
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