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

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Bastion of Bureaucratic Incompetence

  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Relationship Manager in Tampa, FL
Current Employee - Relationship Manager in Tampa, FL

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

Doesn't Recommend
Negative Outlook
Approves of CEO
Doesn't Recommend
Negative Outlook
Approves of CEO

Pros

Benefits, benefits, benefits. Multiple weeks of vacation, generous 401(k), tuition reimbursement, child care reimbursement. The benefits package is truly superior to most companies.

Cons

The Peter Principle abounds. Employees are discouraged from being innovative or thinking outside the box. Talent is not rewarded and pay is not commensurate with job performance expectations.

Advice to Management

Recruit, hire, train, and retain quality employees and then trust them to do the job you've given them. The bureaucratic overlays and abysmal compensation are choking production and running off the employees who will bring the Bank to its highest level of efficiency. Stop hiring imbeciles (and then promoting them) just because you can get them on the cheap. Their results are on par with the pay. If the right associates were recruited and retained, it would mitigate future reputational and financial challenges.

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  1. bad

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Pca in Saint Louis, MO
    Former Employee - Pca in Saint Louis, MO

    I worked 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

    big bank, lots of products

    Cons

    terrible management and a huge management nightmare


  2. Advancement was good but job was moved to different site

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Team Lead in Buffalo, NY
    Former Employee - Team Lead in Buffalo, NY

    I worked at Bank of America full-time (More than 5 years)

    Recommends
    Negative Outlook
    Approves of CEO
    Recommends
    Negative Outlook
    Approves of CEO

    Pros

    Great Place for Advancement and benefits were good

    Cons

    Upper management did not keep us in the loop about things


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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