Bank of America

  www.bankofamerica.com
  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

7159 Other Employee Reviews for Bank of America (View Most Recent)

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  1.  

    the experience is very useful

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

    I worked at Bank of America full-time

    Pros

    they will give more opportunity for you.

    Cons

    The salary is not high.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Bank of America is a great company with great work life balance

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

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

    Pros

    Flexible work arrangements, 401k matching, career development, regular performance reviews, friendly coworkers, good vacation and holiday time off, sick time, people understand family commitments

    Cons

    complex organization, frequent changes to processes, tough to reach exceeds expectations. Things change very frequently at Bank of America. You have to be willing and ready for change.

    Advice to ManagementAdvice

    Simplify the company processes as much as possible

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

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