Bank of America

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

1 person found this helpful  

Many Opportunities but Quite Bureaucratic

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

I have been working at Bank of America full-time (more than 10 years)

Pros

Excellent Work-Life Balance; Many opportunities to move around and learn

Cons

Bureaucratic institutions; the bigger the company, the more bureaucratic it becomes.

Recommends
Positive Outlook
Approves of CEO

7473 Other Employee Reviews for Bank of America (View Most Recent)

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  1. 1 person found this helpful  

    Great People, but hard to get full time employment if contracting

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Data Analyst in Charlotte, NC
    Former Employee - Data Analyst in Charlotte, NC

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

    Pros

    The pay rate is good a little better than other banks. Managers are friendly and they try to give you everything you need to get the job done that you are requested to do.

    Cons

    Working as a contractor for years on and off because of the 'no more than 18 months contractor then layoff for 6 months to reset you back to another 18 month contractor', It's hard to get a full time position. They like to hire more from colleges then experienced contractors, because it saves them money. Contractors make a little more starting then a new college grad, but it's only temp and no benefits so they continue to add contractors instead of hiring them at the end of the contract period.

    Advice to ManagementAdvice

    Give your contractors a good chance to be part of your business, with our experience and the need you have, you should be more open to them and less on hiring new people fresh out of college who normally leave for another position. That is why you call us back because they don't have the experience you need to keep your bank running and growing smoothly. Give everyone Contractors and College Grads the same consideration for jobs and advancement, don't just think of the bottom line at the moment look at the future and how you can grow.

    Recommends
    Positive Outlook
    Approves of CEO
  2. 2 people found this helpful  

    Love working at "The Bank"

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President, Senior Applications PROG Manager in Charlotte, NC
    Former Employee - Vice President, Senior Applications PROG Manager in Charlotte, NC

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

    Pros

    There are many opportunities to move around and advance within the lower bands. Great vacation (4 weeks!). Flexibility to work from home when needed.

    Cons

    Very difficult to get a band 4 and then when you do, it puts a target on your back when layoffs come. Health benefits are very, very expensive. Senior executives are brought in from outside the bank and then they bring folks from their old jobs rather than promoting from within

    Advice to ManagementAdvice

    How do you expect to groom your next gen leaders when the focus is to cut based on band rather than on talent??

    Recommends
    Neutral Outlook
    Approves of CEO
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