Bank of America Reviews in Boston, MA | Glassdoor

Bank of America Boston Reviews

Updated April 24, 2018
257 reviews

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Boston, MA Area

3.7
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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
117 Ratings

257 Employee Reviews

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Pros
Cons
  • Bonuses Training Work life balance (in 490 reviews)

  • Communication with upper management can be difficult (in 433 reviews)

More Pros and Cons

  1. "good place to learn"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Relationship Manager in Burlington, MA
    Current Employee - Relationship Manager in Burlington, MA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Bank of America full-time (Less than a year)

    Pros

    The open role, learning many different concepts, a high-value position for fresh graduate. The benefit is awesome, strong backup and support.

    Cons

    Stressful and tense. Micromanagement.

    Advice to Management

    try to simplify the branch, match the pay to workload.


  2. "Sales"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Waltham, MA
    Former Employee - Anonymous Employee in Waltham, MA
    Recommends
    Neutral Outlook

    I worked at Bank of America full-time (More than 3 years)

    Pros

    Atmosphere was fun. Overall good place to work.

    Cons

    Pay was lacking as compared to comparable banks.

  3. "Great company!!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Market Manager in Boston, MA
    Current Employee - Market Manager in Boston, MA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Bank of America full-time (More than 3 years)

    Pros

    Involved management, great benefits, and I love the work I do

    Cons

    None - it's a great company to work for.


  4. Helpful (3)

    "Amazing Benefits but Extreme Sales Pressure"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Center Operations Manager in Boston, MA
    Current Employee - Financial Center Operations Manager in Boston, MA
    Recommends
    Negative Outlook
    Approves of CEO

    I have been working at Bank of America full-time (More than 3 years)

    Pros

    Benefits are amazing (insurance, 401(k), even car insurance discounts.) The experience of meeting people and networking here is great if you want a job in banking. The room to move up in this company is also great. I started with the company as a teller 4 years ago and now I'm interviewing to be a branch manager. I've been a teller, banker, and now an assistant manager and the fact that they keep encouraging growth is a great part of this company.

    Cons

    The thing that really bothers me here is the EXTREME sales pressure. BOFA hides behind the whole "improving financial lives" to make employees feel good that they are doing the right thing for their customer. They really don't give a crap about their customers they want sales, sales, and more sales. It's never enough. Every night we are on a phone call until 5pm to tell market leadership "how many financial lives we improved in the day" Give me a break. If you get on the call and haven't done enough accounts or credit cards it's like you are on trial. The poor Relationship Managers are even under worse pressure. Constantly worried they will be fired if they "don't improve more financial lives" The company doesn't have realistic sales goals


  5. "Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in Boston, MA
    Former Employee - Analyst in Boston, MA
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Bank of America (More than 3 years)

    Pros

    Good opportunities. Good company overall and can see a lot of potential to grow and succeed here. Also great benefits also

    Cons

    Hard work but rewarding. Good company overall and can see a lot of potential to grow and succeed here. Also great benefits also


  6. "It’s ok not the best support resources"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Solutions Consultant in Groton, MA
    Current Employee - Solutions Consultant in Groton, MA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at Bank of America full-time (More than a year)

    Pros

    Salary and my manager is a great person to work for and if at a different company I’d choose to work for him again

    Cons

    No support structure and the training is not the best. They also have a very structured process and arduous as well


  7. Helpful (1)

    "Relationship Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Boston, MA
    Current Employee - Anonymous Employee in Boston, MA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Bank of America full-time (More than a year)

    Pros

    -Opportunity to advance-The company is nationwide and can accommodate relocation to another state- Pretty good bonuses for sales positions

    Cons

    Turnover rate is too high

  8. Helpful (1)

    "Mediocre training coupled with arrogant management makes a funtastic work environment."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Personal Banker in Boston, MA
    Former Employee - Personal Banker in Boston, MA
    Positive Outlook
    No opinion of CEO

    I worked at Bank of America full-time (Less than a year)

    Pros

    Gives you enough training to get a job at a better bank as well as some contacts which might be useful.

    Cons

    Pretty much everything else. I don’t think I’ve had much worse “professional” jobs....it’s retail, just with money instead of clothes or TVs.

    Advice to Management

    If you treat your employees better maybe you’ll get better employees this better management.


  9. Helpful (2)

    "operations"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Operations Clerk in Plymouth, MA
    Former Employee - Operations Clerk in Plymouth, MA
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Bank of America full-time (More than 3 years)

    Pros

    co-workers and benefits were good

    Cons

    not great lower management skills


  10. "Teller to Assistant Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant Manager in Boston, MA
    Former Employee - Assistant Manager in Boston, MA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Bank of America full-time (More than 3 years)

    Pros

    Company provides good benefits for employees

    Cons

    Staffing is always short, hours are long with no regards to personal time, opportunities limited, upper management is not appreciative, lack of beneficial training


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