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

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Loan processor

Current Employee - Anonymous Employee
Current Employee - Anonymous Employee

Pros

I liked the hours, the pay, and the people.

Cons

Enjoyed my time working here.

Other Employee Reviews for Bank of America

  1. Helpful (1)

    Record profits = many employees out of jobs unnecessarily.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Data Entry in Greensboro, NC
    Former Contractor - Data Entry in Greensboro, NC
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Bank of America as a contractor (More than a year)

    Pros

    Clean office environment, security surveillance onsite,

    Cons

    contract employees excluded from many activities which lowers morale of team as a whole. They expect you to contribute to so many different organizations, but the income they give you isn't enough to support yourself as well as donate constantly.

    Advice to Management

    Knowing every one of your employees names would be a plus. If you see someone every day for over a year..you should know their name.


  2. Helpful (5)

    Very bad experience

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor - PMD
    Current Employee - Financial Advisor - PMD
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Not many that I can think of

    Cons

    Cons – Unless you come from a wealthy family or have an existing large net work of wealthy prospects you will fail the program. You will be expected to cold call all day in an age where cold calling is passé . The program is designed for failure, very few PMDs graduate. Production goals increase dramatically after about a year and quarterly thereafter and are nearly impossible to meet. The company hopes that any clients you bring in with assets will be retained and divvied out to veteran advisors after you are fired for not meeting production goals. Micro management to the extreme is the norm. Been in the program for over two years and only one PMD has graduated. Seen many come and go. After graduation if you have clients with less than $250,000 assets you will not get paid on their accounts. You can be fired at any time with little or no notice. You may have to sign a form stating that if you are with cause or quite before two years are up after receiving your production number you will have to repay training costs which are considerable. Stress levels are extreme. No work life balance. You are expected to work long hours with no overtime pay or additional compensation.

    Advice to Management

    Fix your program


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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