Bank of America

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

 

Great place to work for such a large company

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

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

Pros

Great benefits, flexible work hours, ample opportunity for learning and the ability to move between departments after one year of service. Most peers are a joy to work with. The current CEO seems to be making progress with improving the company but has his work cut out for him trying to repair the damage done by the former. There seems to be a genuine effort to make the bank a better place to work despite the current economic environment.

Cons

Executive management is detached and separate from the mid-level managers and employees. They are mostly hired from the outside and typically last about 2 years. As a result, we're subjected to constant re-orgs and useless departmental name changes. Real organizational improvement is slow. There are a lot of inefficiencies and bureaucracy due to the many mergers and increased government regulation.

Advice to ManagementAdvice

More effort needs to be directed to automating the infrastructure; there are way too many disparate, yet somewhat redundant processes in place. Software development projects need to be more completely defined and realistically scoped before implementation. The politics of building fiefdoms needs to be replaced with a common corporate team spirit.

Recommends
Neutral Outlook
Approves of CEO

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

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  1.  

    Great Experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Executive Assistant in Denver, CO
    Former Employee - Executive Assistant in Denver, CO

    I worked at Bank of America full-time (more than 8 years)

    Pros

    Outstanding benefits, the health insurance packages were incredible. The company has a great understanding for personal emergencies - I had taken maternity leave (12 weeks paid), and soon after returning to work my husband was in a major accident and on life support. BoA has an employee family benefit where they will hold your position in qualifying medical emergencies such as this, although unpaid (since my fmla had been used for the year). I'm grateful to have had such an understanding company and management team as a support in such a scary time.

    Cons

    Lack of career growth opportunity, feeling like a spec in a crowd.

    Recommends
    Neutral Outlook
    Approves of CEO
  2.  

    Good company to work for.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Assistant Vice President in Atlanta, GA
    Former Employee - Assistant Vice President in Atlanta, GA

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

    Pros

    Great benefits, salary and work environment

    Cons

    Some long hours, some potentially excessive levels of management.

    Recommends
    Positive Outlook
    Approves of CEO
There are newer employer reviews for Bank of America

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