There are newer employer reviews for Bank of America
There are newer employer reviews for Bank of America

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Great job for entry level graduates

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Personal Banker in Washington, DC
Current Employee - Personal Banker in Washington, DC

I have been working at Bank of America full-time (Less than a year)

Recommends
Positive Outlook
No opinion of CEO
Recommends
Positive Outlook
No opinion of CEO

Pros

Great benefits, great schedule, pays well, did i say great benefits?,

Cons

low wages for junior employees

Advice to Management

better salaries for junior employees

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  1. Great benefits and sense of community

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Teller in Bellingham, WA
    Current Employee - Teller in Bellingham, WA

    I have been working at Bank of America part-time (More than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great benefits even for part time employees: $5250 in tuition reimbursement per year, healthcare, daycare reimbursement, volunteer pay, vacation and sick pay. Have had a great experience with the mgmt as well!

    Cons

    Few teller incentives to sell, but they expect you to make dozens of referrals which the personal bankers get bonuses for... Makes no sense!

    Advice to Management

    How can you expect tellers to be motivated to make great referrals when there is no incentive?

  2. Overall, not at all a good company to work.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Strategy Manager in Charlotte, NC
    Current Employee - Strategy Manager in Charlotte, NC

    I have been working at Bank of America full-time (More than 5 years)

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    The pay is good as are the benefits. Also, working in Charlotte allows for low cost-of-living and opportunities in other parts of the business since it is the headquarters.

    Cons

    Reactive profits-first-people-second management philosophy. Slow moving, red-tape laiden and just plain lacking in fun.

    Advice to Management

    Stop paying people good money to do boring work. Stop being reactive to problems and think ahead. Examples:

    1) Don't lay people off one day only to hire them back to another division a week later. This happens very often. HR seems to have no foresight or influence over how people are treated when the bank needs to achieve earnings targets.

    2) Paying people good money to just generate fancy reports and PowerPoints each week/month. This can really drive an intelligent, motivated person crazy. Challenge your employees and encourage/promote rotational type work! This may be the worst part of working at the bank if you're a highly educated person with motivation to drive the business beyond canned reporting. You may get stuck doing stuff a freshly minted undergrad can do.

    3) Stop working your people too hard. While not required, the late nights connecting to the office are almost a necessity if associates are to meet their deliverables. Work life balance is important. Have your manager truly care about how much work bleeds into their personal time.

    4) Stop spending billions to buy companies like Country Wide and telling everyone it's the best purchase ever only to spend many multiples of billions more on legal payouts. Admittedly, this has been addressed with all the recent divestitures of non-core businesses. But the scars are still there (on the stock price).

There are newer employer reviews for Bank of America
There are newer employer reviews for Bank of America

See Most Recent

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