There are newer employer reviews for Bank of America

 

Excellent benefits for families

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Anonymous Employee  in  Providence, RI
Current Employee - Anonymous Employee in Providence, RI

I have been working at Bank of America full-time

Pros

Child care reimbursement up to about $2800 per year per child if using a formal day care provider. This money is tax free up to $5000. If you have a couple kids and must use a daycare this is an unbelievable benefit. Also 3 month paid paternity leave.

Cons

Constant sales pressure; however the goals are not unreasonable. Employee turnover is reasonably high at banking branches. Branches being closed every year reducing the amount of management positions available as displaced managers are relocated. Health insurance provider (Aetna) is mediocre, out of pocket costs are too high. There are HSA programs to help with this somewhat.

Advice to ManagementAdvice

Keep closer tabs and hold accountability on market managers. I have had engaging market managers who proactively help the branch and others that just mail it in and hope branches they are responsible for make their sales goals.

Recommends
Positive Outlook
Approves of CEO

6513 Other Employee Reviews for Bank of America (View Most Recent)

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  1.  

    Buy out of a local bank.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Branch Manager  in  Ypsilanti, MI
    Former Employee - Branch Manager in Ypsilanti, MI

    I worked at Bank of America full-time for more than 3 years

    Pros

    Great, innovative products. Can find an ATM anywhere.

    Cons

    B of A bought out the local bank I worked for. They focus on profit, not people. They want us to sell a credit card to every customer who walks through the door.

    Advice to ManagementAdvice

    Look at customers as individuals and build a relationship, which in turn builds trust, which in turn builds sales. A one size fits all sales approach damages trust in the long run. B of A may be convenient, but that is all. The rest is a shameful way to do business.

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
  2.  

    Decent work experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Fraud Analyst  in  Newark, DE
    Current Employee - Fraud Analyst in Newark, DE

    I have been working at Bank of America full-time for more than a year

    Pros

    Good experience with co-workers and management.

    Cons

    Upward mobility can be difficult if you find yourself in the wrong area.

    Advice to ManagementAdvice

    None

    Recommends
    No opinion of CEO
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