Bank of America Reviews in Chicago, IL | Glassdoor

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Bank of America Chicago Reviews

Updated February 20, 2018
310 reviews

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Chicago, IL

3.3
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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
121 Ratings

310 Employee Reviews

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Pros
Cons
  • Sometimes it can be difficult work/life balance (in 477 reviews)

  • terrible upper management leads to many people leaving the company (in 413 reviews)

More Pros and Cons

  1. "BofA FICC Tech review"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President - Technology in Chicago, IL
    Current Employee - Vice President - Technology in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    four months paternity & maternity leave, reasonable pay

    Cons

    poor health benefits, slow pace


  2. "Senior Developer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Software Developer in Chicago, IL
    Former Employee - Senior Software Developer in Chicago, IL
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Learned a lot of good programming practices in testing and creating clean code

    Cons

    Budgets shift a lot so annual layoffs always loom.

  3. "Good benefits, bad upper-management"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Professional Teller in Chicago, IL
    Former Employee - Professional Teller in Chicago, IL
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

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

    Pros

    Benefits for part-time employees were great. Flexible work hours. Co-workers like family.

    Cons

    Poor customer service expectations, poor communication from upper-management, unrealistic sales goals

    Advice to Management

    Take care of your customers first and foremost.


  4. "Analyst"

    StarStarStarStarStar
    Former Contractor - Analyst(Contractor) in Chicago, IL
    Former Contractor - Analyst(Contractor) in Chicago, IL

    I worked at Bank of America as a contractor

    Pros

    We get paid a wage.

    Cons

    Bad manager clearly wanted to keep unprofessional employee. Probably why the previous two people weren't there for very long.

    Advice to Management

    None, it's not like they would listen anyway.


  5. "Meh is the best way to put it"

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

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

    Pros

    Interesting work on cutting edge technology is possible but expect to play politics if you want a shot at that stuff
    Decent bonus

    Cons

    Political.
    Very poor raises
    A little too big brother

    Advice to Management

    It’s the standard walk the talk situation. Lots of talk and marketing campaigns to tell us how valuable we are but then we get nothing


  6. "Antiquated and poorly written/organized training materials"

    StarStarStarStarStar
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Customer Service Representative in Chicago, IL
    Former Employee - Customer Service Representative in Chicago, IL

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

    Pros

    Decent pay & good benefits to start

    Cons

    Training materials that are the most unhelpful and tedious I’ve ever seen, and I’ve been in the industry 10-15 years.

    Advice to Management

    Revamp your training materials with the help from an outside company - they are some of the most poorly done in the industry. Have every management position review the training materials for their effectiveness, errors, and other ways to streamline them.

    Consolidate and streamline your internal websites


  7. "financial advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Chicago, IL
    Current Employee - Financial Advisor in Chicago, IL
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    autonomy good opportunity for learning

    Cons

    beauracracy, lots of compliance, changing envcironment

  8. "Former Director"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Director in Chicago, IL
    Former Employee - Director in Chicago, IL
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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

    Pros

    Great people. Heavily focused on transformation aimed at simplifying the environment, reducing costs, increasing efficiencies. This should mean long-term viability and increased successes quarter after quarter.

    Cons

    The relentless focus on cost reduction has a downside, which is the morale of the people who remain. Additionally, while there is a great deal of lip service about investment in employee growth, very few areas succeed in making this a priority, as teams are stretched very thin.

    Advice to Management

    Take a longer-term view of employee talent and make TIME for your associates to invest in their own growth. This will pay off significantly for the bank in the long-run.


  9. ".net lead developer"

    StarStarStarStarStar
    Current Contractor - .NET Lead Developer in Chicago, IL
    Current Contractor - .NET Lead Developer in Chicago, IL

    I have been working at Bank of America as a contractor (More than a year)

    Pros

    Best practice and good environment and best security features

    Cons

    delay in taking decision for implementation


  10. "Great Benefits, Average Leadership in Management"

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

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

    Pros

    Great benefits! The healthcare was awesome as well as entertainment discounts.

    Cons

    Management does not have time to invest in other employees due to work overload and stress from the higher ups. They don't provide much compensation for continuing education and the time off provided is not much.

    Advice to Management

    Take time to invest in incoming talent, let them know that they are valued.


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