Bank of America

  www.bankofamerica.com
  www.bankofamerica.com
There are newer employer reviews for Bank of America

1 person found this helpful  

Outsourcing Leader

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

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

Pros

Had up to date hardware & software, good benefits.
My manager was good, above him, management was very short term oriented.
Had good and competent people as coworkers - while they lasted.

Cons

Always felt like your job was in danger of being outsourced. Eventually it was.

Advice to ManagementAdvice

Your IP is important, don't give it away to consultants who will share it with other companies to get jobs from them. The salary differential is a short term advantage, don't lose the experts who know your business to meet short term cost cutting goals.

Doesn't Recommend
Positive Outlook
Disapproves of CEO

7159 Other Employee Reviews for Bank of America (View Most Recent)

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  1. 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 (more than an 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
  2. 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
There are newer employer reviews for Bank of America

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