Bank of America

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

 

Bank of America purchased Countrywide and everything changed radically

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Cannot Identify & Maintain Anonymity in San Bernardino, CA
Former Employee - Cannot Identify & Maintain Anonymity in San Bernardino, CA

I worked at Bank of America full-time (more than 10 years)

Pros

Organized, consistent company with large volumes. Opportunities exist within the areas of operation for certain types or for those with certain connections.

Cons

Regular layoffs; high risk of layoff in mortgage loan servicing sector; senior leadership is not always fair and does not honestly communicate upcoming changes and layoffs in advance. People are not paid what they are worth and annual raises and bonuses are tightly capped.

Advice to ManagementAdvice

Be honest & straightforward about upcoming changes and sales of subsidiary companies (such as the Field Service Co. sale), and the impact such actions will have on associates. Offer larger annual bonus and increases to top performers.

Doesn't Recommend
Negative Outlook
No opinion of CEO

7512 Other Employee Reviews for Bank of America (View Most Recent)

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  1.  

    Bank Teller

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Bank Teller in Huntington Beach, CA
    Current Employee - Bank Teller in Huntington Beach, CA

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

    Pros

    Good pay for starting career job

    Cons

    Long work hours
    Busy days so you're always doing something

    Recommends
    Positive Outlook
    No opinion of CEO
  2. 1 person found this helpful  

    Bank of America was crazy and I wouldn't ever work there again

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

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

    Pros

    It's nationwide, standard benefits, community involvement

    Cons

    I worked in the mortgage area in collections. I did well, and made bonuses most months. When BOA does reviews they have "Meets expectations" ,"High Meets Expectations", and "low meets expectations." I would take 100-150 collections calls a day, and only got a "meets expectations" on my review. I was burned out on collections and tried to apply for another job within the entire BOA network, but the only people that ever were successful in getting another position within the company were the people that had been rated higher.

    It was a rat-race and unless you are good at brown-nosing, you will never get ahead there.

    Advice to ManagementAdvice

    make your employee reviews more fair.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
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