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1 person found this helpful  

Highly reactive company.

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Auditor I  in  Dallas, TX
Former Employee - Auditor I in Dallas, TX

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

Pros

Job security is probably the best reason.

Cons

The company is highly reactive. They do not proactively seek out issues and upper management is trained to give canned responses. Additionally, the work is very mundane and does not stimulate innovation or creativity. Boredom is a definite issue.

Recommends
Neutral Outlook
Disapproves of CEO

Other Reviews for Bank of America

  1. 1 person found this helpful  

    Too big, but unfortunately often still fails

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President  in  Chicago, IL
    Former Employee - Vice President in Chicago, IL

    I worked at Bank of America full-time for more than 5 years

    Pros

    Bank of America has good benefits
    Well capitalized so has the potential to build great things

    Cons

    Bureaucracy slows down innovation
    I found that many business people could sometimes know less than the technology staff - this was especially true in the risk organization
    Wasted money on projects with bad design using purchased products that were expensive, and not needed (often < 10% of products functionality was used)
    Often it was difficult for people to move up the company if they weren't in the "right" group of people

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  2.  

    Bullish

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

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

    Pros

    Supreme platform, lots of great investment support, base pay is good so as incentive. You can find connections with other boa employees if you look for outside work activities.
    You will never feel bored at work as FA. As. FA, you get the opportunity to carry a positive attitude to work and build your character through good and bad times.

    Cons

    Hurdle during first year production is easy but tough in year 2 or 3unless you are lucky to find a senior FA to team or from wealthy family. I got the bull award, exceed hurdle constantly but still not able to feel secure in pursuing my goal.

    Advice to ManagementAdvice

    Perhaps only less than 10 percent of PMD can graduate, please spend more time with each PMD apart from spending the only hour with them before they end their journey.

    Recommends
    Positive Outlook
    No opinion of CEO
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