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There are newer employer reviews for Bank of America

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Great ideals -- but not always lived up to

  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Contractor - Project Manager
Former Contractor - Project Manager

I worked at Bank of America as a contractor (More than 3 years)

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

Pros

Worked with many talented people. Great company values.

Cons

Not ideal for contractors. They pay below market rates for contract work because there are so many people looking. Poor planning will sometimes cancel projects and dump contractors at a moment's notice. During the banking crisis, when they were busy giving cushy bonuses to Merrill employees, they actually lowered the rates for all the contractors in my unit in the middle of their contracts.

Advice to Management

Live up to your values. Don't hire contractors and lower their rates in the middle of contracts. Abandon the silly 18 month limit to carrying contractors.

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  1. Stressful environment, but I was able to increase my knowledge of banking and mortgage.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Customer Relationship Manager Ll in Richardson, TX
    Former Employee - Customer Relationship Manager Ll in Richardson, TX

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

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Good benefits, descent pay, and tuition assistance.

    Cons

    Management that is not knowable and able to assist you. No clear direction and poor communication.

    Advice to Management

    A happy employee is a productive employee. Take the time to listen to your employees.


  2. Loan funder

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Loan Funder in Tempe, AZ
    Current Employee - Loan Funder in Tempe, AZ

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

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Nice to get a regular check

    Cons

    Management is not forthcoming with changes on the horizon. Expected to know things telepathically.

    Advice to Management

    Be more open


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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