Bank of America

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

 

Great place to start

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Assistant Vice President IT Engineer in Charlotte, NC
Current Employee - Assistant Vice President IT Engineer in Charlotte, NC

I have been working at Bank of America full-time (more than 3 years)

Pros

Great experience for entry level employees

Cons

Frequent "re-orgs" of the management structure and underpaid employees

Recommends
Positive Outlook
Approves of CEO

7161 Other Employee Reviews for Bank of America (View Most Recent)

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  1.  

    Good parent company for asset management subsidiary - let us run own shop

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Managing Director in Boston, MA
    Former Employee - Managing Director in Boston, MA

    I worked at Bank of America full-time (more than 8 years)

    Pros

    Name recognition, dominant industry player, deep pockets

    Cons

    Step child if not core banking, only average benefits, one size didn't fit all, Ken Lewis caused too many years of pain due to misguided growth

    Advice to ManagementAdvice

    Keep focusing on core strengths, Brian Moynihan finally got the ship righted, just not in time for useless options that expire in 2016

    Recommends
    Positive Outlook
    Approves of CEO
  2. 1 person found this helpful  

    BAC

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

    I worked at Bank of America full-time

    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 ManagementAdvice

    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...

    Recommends
    Positive Outlook
    No opinion of CEO
There are newer employer reviews for Bank of America

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