There are newer employer reviews for Bank of America

 

Great products, but large and hard to get things done

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Senior Vice President
Current Employee - Senior Vice President

I have been working at Bank of America full-time for more than 5 years

Pros

Great capabilities. Good compensation. Good people.

Cons

Hard to get changes made.

Advice to ManagementAdvice

Delegate some power down so employees can make changes that will improve the company

Recommends
Neutral Outlook
Approves of CEO

6471 Other Employee Reviews for Bank of America (View Most Recent)

Sort: Rating Date
  1.  

    Great company with excellent benefits

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - National Production Support  in  Atlanta, GA
    Former Employee - National Production Support in Atlanta, GA

    I worked at Bank of America full-time for more than 10 years

    Pros

    Competitive salary and benefits. I was in a work from home job the last 2 years employed which really cant be beat.

    Cons

    401k really din't have much in the way of fund selection. I've read that this is pretty much standard for the banking industry. There is just too much money to be made back by offering mediocre funds and hoping you will buy the banks funds which tend to under perform the market and have high fees to boot. They also rely on out sourced labor so be prepared to be jettisoned if they deem you replaceable.

    Advice to ManagementAdvice

    I still own BAC stock so keep up the out sourcing and continue to drive profits up but be aware that the offshore labor you hire are contractors. The don't work for the bank. They are loyal to the contractor company that prints their paychecks and will immediately jump ship for a higher paying gig at first opportunity.

    Recommends
    Positive Outlook
    Approves of CEO
  2. 1 person found this helpful  

    Excellent opportunity for hard workers

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Personal Banker  in  Canyon Country, CA
    Former Employee - Personal Banker in Canyon Country, CA

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

    Pros

    Competitive Pay, Steady Hours and Holidays, Upward Mobility, Recognition for Success, Good Benefits, Tuition Reimbursement

    Cons

    Strict Goals, Little Room For Error, Simple Mistakes can cost you your job

    Advice to ManagementAdvice

    A workers past efforts and success should be considered more when making changes.

    Recommends
    Negative Outlook
    Disapproves of CEO
There are newer employer reviews for Bank of America

Worked for Bank of America? Contribute to the Community!

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