There are newer employer reviews for Bank of America

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 (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

6779 Other Employee Reviews for Bank of America (View Most Recent)

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  1.  

    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 (more than an 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
  2. 1 person found this helpful  

    Mixed Review

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Learning Consultant in Charlotte, NC
    Former Employee - Learning Consultant in Charlotte, NC

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

    Pros

    Versatile company full of talented professionals

    Cons

    Very clickish and politics and relationships overall performance

    Advice to ManagementAdvice

    Ensure that associates are promoted and recognized by performance not by who they know

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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