Bank of America Employee Benefits and Perks | Glassdoor

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Bank of America Benefits

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2870 Ratings

Employer Summary

At Bank of America, our most important asset is our people. Our benefits programs are designed to meet the diverse needs of our employees at every stage of their life and help them plan for tomorrow.


Employee Benefit Reviews

Showing 1–10 of 2872 comments

Most Commented

  • Jan 22, 2018
    StarStarStarStarStar Current Employee in Charlotte, North Carolina

    Time off is good, it depends on your level and tenure how much time off you receive but most people have 3 weeks to start with an option to purchase another week and then you get 4 weeks once you are band 5 with an additional allotment of sick/personal days. If you don't use them, you are not paid out for them. Benefits have changed significantly and we pay quite a bit out of pocket, you pay 100% for "sick" or non preventative care visits until you hit your deductible, which is quite high and then 80% insurance kicks in. I will say maternity and paternity benefits are GREAT, 3-4 months full paid time off. Depending on your position and line of business though, it's not always viable to take the full leave of absence.

  • Jan 21, 2018
    StarStarStarStarStar Former Employee in Chicago, Illinois

    Great Professional development program. Paid a lot attention on empolyees' development.

  • Jan 17, 2018
    StarStarStarStarStar Former Customer Service Representative in Buffalo, New York State

    Bank of America offers child care reimbursement and tuition reimbursement. Both help substantially.

  • Jan 16, 2018
    StarStarStarStarStar Current Relationship Manager in New York, New York State

    BOA offers the Best benefits ever!

  • Jan 16, 2018
    StarStarStarStarStar Current Mortgage Loan Coordinator in Santa Monica, California

    Changed yearly, always costing employees more

  • Jan 15, 2018
    StarStarStarStarStar Former Sr. Business Control Specialist in Dallas, Texas

    I can't say I have anything negative to say about the benefits package. The time off was great, the 401k was great, the pay was competitive. Overall it was a great package.

  • Jan 12, 2018
    StarStarStarStarStar Current Preferred Sales in Lincoln, Rhode Island

    Excellent benefits and low premiums!

  • Jan 12, 2018
    StarStarStarStarStar Former Branch Teller Supervisor in Woodbury, New Jersey

    I think BOA compaired to some other companies in the above is very good. You would be suprised what some other companies do charge for health insurance.

  • Jan 21, 2018
    StarStarStarStarStar Current Employee in New York, New York State

    Healthcare cost is relatively high, 401k match is relatively good. The firm has a new sabbatical program for long time employees.

  • Jan 17, 2018
    StarStarStarStarStar Former Vice President in Agoura Hills, California

    Very high health insurance contribution from employees.

Benefits Summary


List based on reports from current and former employees. It may not be complete.

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Insurance, Health & Wellness

Financial & Retirement

Family & Parenting

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Perks & Discounts

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