Bank of America Reviews in Charlotte, NC | Glassdoor

Bank of America Charlotte Reviews

Updated September 18, 2017
1,241 reviews

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Charlotte, NC Area

3.6
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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
583 Ratings

1,241 Employee Reviews

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Pros
Cons
More Pros and Cons

  1. "Great Place to Work"

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

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

    Pros

    Great career opportunities if you are willing to network and improve your skill set.

    Cons

    Salary doesn't always match the expectations


  2. "Good, but not great."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Infrastructure Specialist in Charlotte, NC
    Former Employee - Infrastructure Specialist in Charlotte, NC
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Above average pay for managerial and technical staff. Nice work facilities.

    Cons

    No working remote. Company got into the habit of laying people off 3-4 times a year during the down turn and haven't kick the habit. Get connected or get caught in a wave of Reduction in Force (RIF). No idea how employees last more than 10 years.

    Advice to Management

    Treat employees like people not a commodity. Direct management and senior management don't care about what you if it does not related to work. Got pictures of your vacation or special event. Keep them at home. Feeling is, if you have time to share photos you don't have enough work. See RIF in Cons.
    Bank has a callus disregard to the impact of a lay off. Won't assist or give you time to find another internal job.

  3. "Welcome to the Machine"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Vice President in Charlotte, NC
    Current Employee - Senior Vice President in Charlotte, NC
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Healthy company - consistent and predictable pay, expectations, and environment

    Cons

    Opportunities for career growth and advancement are few and far between - even for top performers


  4. Helpful (1)

    "Cons Prod Strategic Analyst 1"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Cons Prod Strategic Analyst I in Charlotte, NC
    Current Employee - Cons Prod Strategic Analyst I in Charlotte, NC
    Recommends
    Approves of CEO

    I have been working at Bank of America full-time (More than 5 years)

    Pros

    Excellent salaries and benefits. Wonderful place to work

    Cons

    Layoffs...Hard to get back in the company of not picked up during your transition.


  5. "Program Director"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Charlotte, NC
    Former Employee - Anonymous Employee in Charlotte, NC
    Neutral Outlook
    Disapproves of CEO

    I worked at Bank of America full-time (More than 10 years)

    Pros

    Market Leader in financial services

    Cons

    slow to adapt and change


  6. Helpful (1)

    "Lots of frustrated people at BAC"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Communications Executive in Charlotte, NC
    Current Employee - Communications Executive in Charlotte, NC
    Doesn't Recommend
    No opinion of CEO

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

    Pros

    Decent benefits, good people, constant layoffs make people nervous

    Cons

    Highly matrixed, slow to make decisions


  7. Helpful (1)

    "Great Benefits!!"

    StarStarStarStarStar
    Current Employee - Home Servicing Specialist in Charlotte, NC
    Current Employee - Home Servicing Specialist in Charlotte, NC

    I have been working at Bank of America full-time (More than 5 years)

    Pros

    The benefits are better than the average company.

    Cons

    Poor management--managers often preach "open door policy", but this is definitely not the case. Speaking with a manager about a genuine concern often times makes you a target. No room for growth in certain departments.

  8. "Okay"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Charlotte, NC
    Former Employee - Anonymous Employee in Charlotte, NC

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

    Pros

    Great benefits and opportunities for advancement if you work hard.

    Cons

    Pay for your own parking.


  9. "Vice President - Global Regulatory Compliance"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President - Global Regulatory Compliance in Charlotte, NC
    Former Employee - Vice President - Global Regulatory Compliance in Charlotte, NC
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Bank of America has good benefits and the compensation is fair.

    Cons

    Compliance Senior Leadership was out of touch with employees performing the work and the customer's needs/desires. The work was driven by Compliance Executives trying to make a name for themselves and get their next position. Work was tied to Executive's incentive compensation goals that did not align to delivering value to the customer and shareholder. Doing the right thing for the customer/shareholder/stakeholder was not valued as much as 'making sure all the boxes were checked off'. Executive leadership placed a higher value on delivering a higher # of test scripts and delivering them within an arbitrary deadline, rather than delivering comprehensive, effective test scripts that were more efficient for the tester and provided a better assessment of the overall regulatory control environment.

    Advice to Management

    Align Compliance Executive compensation (incentive pay) to the components that are critical needs of the consumer and shareholder. Eliminate multiple review functions. Remove leaders that cannot train/manage associates to perform tasks correctly the first time. Remove dead weight executives in Compliance positions that have been in those positions for a long time without making any significant contribution to a more effective or efficient process - doing the same thing year after year with no process improvement should not be tolerated. Eliminate the culture of requiring an abundance of CYA work and multiple layers of review (reviewer checking the reviewer who checks the reviewer). Instead, hire dynamic leaders and reward/promote progressive thinkers who can improve upon the existing Compliance department. Instill a culture of accountability and responsibility to do the job right the first time. That, combined with doing what is best for the shareholders and consumers should be the goal of the department.


  10. "VP, Capital Planning"

    StarStarStarStarStar
    Former Employee - Vice President, Capital in Charlotte, NC
    Former Employee - Vice President, Capital in Charlotte, NC

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

    Pros

    Big company with lots of resources. Smart people are recruited to the firm.

    Cons

    Not very organized as a group. Significant amounts of work and pressure on team

    Advice to Management

    More resources needed to address work burden


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