There are newer employer reviews for Bank of America

 

Great ideals -- but not always lived up to

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

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

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 ManagementAdvice

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.

Recommends
Negative Outlook
Approves of CEO

6754 Other Employee Reviews for Bank of America (View Most Recent)

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  1. 1 person found this helpful  

    Do company's even care about their employees any more?

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Customer Marketing Advisor in Fort Worth, TX
    Current Employee - Customer Marketing Advisor in Fort Worth, TX

    I have been working at Bank of America full-time (less than an year)

    Pros

    The pay is decent. Benefits are ok.

    Cons

    Company is horrible with showing appreciate to employees. For a company that makes so much annual they are very "cheap" when it come to employee appreciation. They care about making money more than pleasing their customers.

    Advice to ManagementAdvice

    Listen to you employees. Actually try to apply their advice. Recognize when an an employee is going above and beyond and reward them with a promotion than a( "oh thanks, we really appreciate what you do, keep up the good work." ) thank you card.

    Recommends
    Neutral Outlook
    No opinion of CEO
  2.  

    Keep working on your career growth and keep your resume up-to-date!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Home Loan Closer in Rancho Cordova, CA
    Former Employee - Home Loan Closer in Rancho Cordova, CA

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

    Pros

    If you can deal with a lot of change in leadership, jobs and responsibilities then BAC is the place for you.

    Cons

    Keep your resume up=to-date because job security in first mortgage is a roller coaster.

    Recommends
    Neutral Outlook
    Approves of CEO
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