Bank of America

  www.bankofamerica.com
Work in HR? Unlock Free Profile

6086 Employee Reviews (View Most Recent)

Sort all reviews by: Date Rating
in
  • Work/Life Balance
  • Senior Management
  • Comp & Benefits
  • Career Opportunities
  • Approves of CEO

9 people found this helpful  

I am in the PMD program, and the stress level is extremely high.

Financial Advisor (Current Employee)

ProsYou are paid a salary for the full 3 years of the program. Merrill has strong name recognition. The research department is top notch. The technology is outstanding.

ConsYou must meet quarterly and annual production hurdles, which are outrageously high. If you don't pass your securities licensing tests, you get fired. If you don't meet your production hurdles on time, you get fired. All of the training is reading. Good luck finding someone to mentor you. No good financial advisor has the time or the desire to share their secrets with you. You must build your business from scratch. You are not given any leads. Most of the advisors in my office have either been in the business for 20+ years or have a wealthy family with wealthy friends. You are not going to get on a team until you have a sizeable book. Other advisors are not going to give up any of their compensation to put your on their team. I am afraid of losing my job every day because I am barely meeting the production numbers. I don't feel professional because I have not even been given an office yet. I have been in a cubicle since I started a year ago, and there are several empty offices at my location. I have to meet with my prospects in the conference room. The whole situation is very discouraging.

Advice to Senior ManagementThe PMD training program is a joke. It is no wonder that so many new advisors fail to complete the program. There is so much information thrown at you at once. It needs to be more structured and individualized. The company spends a lot of money on us during the PMD program. I thought it was because they wanted us to succeed. It almost seems like they want us to fail within the first couple of years so they can get rid of us and keep our clients.

No, I would not recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    1 person found this helpful  

    Just satisfied

    Technical Analyst (Current Employee)

    I have been working at Bank of America


    Pros: Benefits are the best around Cons: Sometimes you feel like you're spinning your wheels and that… Advice to Senior Management: Communicate more with associates Yes, I would recommend this company to a friend More
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    I love working there, but you have to have time to move up within the business.

    Teller (Current Employee)

    I have been working at Bank of America


    Pros: great pay, you have to have 6 months experience before any promotions. You do get paid vacations for 2 weeks. Also you get holidays… Cons: You have a very limited schedule, and don't chose your own. The only bad thing is that if you just started working there, you do… Advice to Senior Management: They do a good job, I just wish it didn't matter how much time you had working in order to get promoted. I think based… Yes, I would recommend this company to a friend More
There are newer reviews on Bank of America.

Worked for Bank of America? Contribute to the Community!

Your response will be removed from the review – this cannot be undone.