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There are newer employer reviews for Bank of America

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Helpful (1)

BAC

  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Human Resources/"OD in Charlotte, NC
Former Employee - Human Resources/"OD in Charlotte, NC

I worked at Bank of America full-time

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

Pros

Strong process management! Often something you take for granted...their focus on six sigma/process management and minimizing variation results in huge efficiency gains...they are clear on people processes, procedures, roles & responsibilities...they even have many types of internal document templates that are fully branded. Again, seems like not a big deal, that is until you don't have this at all. Given their size, the fact they get all different lines of business to agree on many things is a huge feat.

Cons

Constant movement at the top. Seemed to have an "executive rotational program" like what we do with new interns....every 2 years a senior leader would be put in a totally different LOB and be expect to run it smoothly. Come on. This is OD/change management 101. Of course this constant churn ripples and causes 4-5x per year re-orgs. For you, potential hire, this means you will have a parade of bosses in a single year and therefore be in a chronic state of onboarding/proving yourself/building relationships with managers/adjusting to new managers... and where you really get hurt is in talent management because you will not be able to gain ground in your career as you would in a more stable environment.

Advice to Management

Use the six sigma expertise toward organizational design (and not just process mgt) - you have far too many groups that are over-specialized and can only do 1-2 functions...

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  1. Wouldn't go back if it was the last job on earth!

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Bank of America full-time

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Learned a lot about foreclosures.

    Cons

    No promotions or decent raises.

    Advice to Management

    Take people management classes.


  2. Jail with a paycheck

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Mortgage Loan Officer in Fort Worth, TX
    Former Employee - Mortgage Loan Officer in Fort Worth, TX

    I worked at Bank of America full-time (More than a year)

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Good insurance - I liked my teammates.

    Cons

    Big Brother is watching...ALL THE TIME

    Advice to Management

    Lighten up and leave the frikkin' comp plans alone for more than 5 minutes.


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

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