Bank of America Reviews in Charlotte, NC | Glassdoor

Bank of America Charlotte Reviews

Updated August 18, 2017
1,233 reviews

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Charlotte, NC Area

1,233 Employee Reviews

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  1. "Not What It Used To Be"

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

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

    Pros

    Benefits (from vacation to 401K)

    Cons

    Focused on youth, career opportunities limited to a select few


  2. "Underwriter"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Underwriter in Charlotte, NC
    Former Employee - Underwriter in Charlotte, NC
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Location. Being a member of the travelling team we had great meals only!

    Cons

    It's Who likes you that makes a difference not how well you know your job,the self training programs stinks, management hasn't a clue if you don't understand. The LAID offs are Unbelievable, with so many locations they could try to offer employment opportunities in other departments, to keep dedicated Employees. If you are 55 or older you can FORGET about getting another position once LAID off. I have applied to at least 50 positions some well below my experience level and to this day have heard nothing, some positons applied for are still pending over 6 months on my profile. Age discrimination is very much the case, none of the 55 and older laid off were welcome back. We have families, obligations and need to survive just like the young candidates. The benefits are slowly being reduced. Most of management are below 30 years of age and keep their buddies well informed about up coming positions in order to keep them employed. The salaries and increases are very low compared to medium to high managers. It's all about nepotism and favorites, No degree is important.

    Advice to Management

    Age discrimination is really Against principles and very much APart of the whole company, this is happening across the state's. Older people need jobs too. Stop discriminating !

  3. "Horrible people to work with"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Anonymous Contractor in Charlotte, NC
    Former Contractor - Anonymous Contractor in Charlotte, NC
    Doesn't Recommend

    I worked at Bank of America as a contractor

    Pros

    Horrible place to work as these people has no professionalism, manners, or class. i was thinking if this is the face of one of the biggest financial firms. Very poor higher management with no good management skills. These unskilled idiots in lower levels do whatever they want because nobody cares. Management don't even know how to solve a little problem. Then there is HR. They are worthless because they don't seem to have no skills at all in conflict recognition and resolution.

    Cons

    There was nothing good about this place

    Advice to Management

    Management needs complete overhaul in lower level management with people with actual skills. Security guys cause more issues than actually they solve issues.


  4. "Overly stringent security measures stifle tech stack availability"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Web Developer in Charlotte, NC
    Former Employee - Web Developer in Charlotte, NC
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

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

    Pros

    Two of the best managers I've ever had. Great teammates.

    Cons

    One of the worst managers I've ever had. Technologically, not a forward-thinking company. Soul crushing processes to gain access to tools, get permission, get anything done.

    Advice to Management

    To the two best managers - thanks for making my time there so great. To the worst manager I've ever had - don't manage people if you hate managing people.


  5. "Sr Officer"

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

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

    Pros

    healthcare, vacation days and flexible schedules now allow for a good work/ life balance

    Cons

    difficult to grow within current role due to structured org chart


  6. "SVP"

    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
    Approves of CEO

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

    Pros

    Very professional, corporate setting in Charlotte, NC. Strong commitment to D&I.

    Cons

    Continued layoffs and cost cutting within Tech and Ops.


  7. "Project Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Technical Project Manager in Charlotte, NC
    Former Employee - Technical Project Manager in Charlotte, NC
    Recommends
    Positive Outlook
    Disapproves of CEO

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

    Pros

    Upward mobility is available if you stay visible and can quickly adjust to change.

    Cons

    Fast turnover rate for employees. Twice a year job cuts.

    Advice to Management

    Don't allow manager favoritism drive the reduction of staff.

  8. "Good company yo work for"

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

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

    Pros

    Benefits, work life balance, progressive culture

    Cons

    Pay. Constant reorganizations are annoying.


  9. "Great culture and endless opportunities."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Service Delivery Manager in Charlotte, NC
    Current Employee - Service Delivery Manager in Charlotte, NC
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Great benefits
    High base salary without the stress of Consulting and Investment Banking
    Diversity Friendly company. No really, BofA actually does
    Relax working environment
    Occasionally able to work from home. Some groups work from home every Friday

    Cons

    Constantly restructuring
    The company did not pay for my relocation but did give a signing bonus
    They do lay off people and will probably continue too as we automate more
    Some groups can be "cut-throat" So, you have to be a good self-promoter.
    Networking and politics is a big part of the game here. If you play, you'll be fine. If not, you'll be left behind.

    Advice to Management

    I've had great managers so far, but there's little leadership at the bank. Lots of managers, few leaders. Learn and know your employees and challenge them.


  10. "SVP"

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

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

    Pros

    Great benefits, including 5 weeks vacation, 10 paid holidays, 401K, health insurance, life insurance and many free HR services. Ability to move and change careers within the company and internal candidates are often preferred. Internal training available. Mentors available.

    Cons

    Difficult to get into the bank unless you are an entry level associate. You need to know someone to get your foot in the door in most lines of business. You have the ability to work yourself out of a work life balance. You must set your boundaries or you can get sucked into a bad balance.


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