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

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Great Employer

  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Operations Analyst in Malden, MA
Former Employee - Operations Analyst in Malden, MA

I worked at Bank of America full-time (More than 10 years)

Recommends
No opinion of CEO
Recommends
No opinion of CEO

Pros

Very rewarding experience for 20 years with this employer.

Cons

Too bad this company is moving a lot of its processing out of state.

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  1. Enjoy A New Executive Every Six Months

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President in Dallas, TX
    Current Employee - Assistant Vice President in Dallas, TX

    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

    Excellent benefits,retirement plans and time off. Depending upon job function can have extensive flexibility including working from home.

    Cons

    Extensive downsizing (and will continue through 2014).


  2. Helpful (1)

    Good work-life balance, well-rounded people, but not strategic. Ambitious MBAs...be cautious in Consumer Bank

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

    I have been working at Bank of America full-time (More than 5 years)

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

    Pros

    Generally, people are nice, family-oriented, well-rounded, and sociable. Collaborative culture. Also, the scale of the operations and diversity of businesses allows you to get involved with some high-impact projects. For most efforts, there are a lot of resources and partners who you can benefit and learn from. There are some very good, experienced leaders who you can learn from.

    Cons

    The consumer bank doesn't know how to use MBAs. MBAs work on assignments that could be done out of undergrad (or even high-school). It's also very political to get in a position to lead a high impact project. Many of the projects are fluff. So, the few that have teeth, get crowded with too many people. It's not an intellectual culture. Decisions are made politically, not strategically. Major strategic mistakes are made because the people in charge are likeable and popular, but not business thinkers. Career advancement, especially right now, is limited. Leadership ranks are bloated after inheriting too many middle managers from multiple mergers. Plus, re-orgs twice a year have huge impacts on how you are positioned in the organization. You have no control over the reorgs.

    Advice to Management

    Be more strategic and clever, less bureaucratic. How? Through leaning corporate management ranks, less matrix structure and more of an ownership structure (eg HR, Risk, etc should roll under business leaders), create more senior level roles for "strategy" individual contributors. Differentiate people leaders from thought leaders, and enable thought leaders to have impact.


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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