Bank of America Reviews in Chicago, IL | Glassdoor

Bank of America Chicago Reviews

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Found 399 reviews

3.4
StarStarStarStarStar
Rating TrendsRating Trends
67%
Recommend to a Friend
90%
Approve of CEO
Bank of America CEO Brian T. Moynihan
Brian T. Moynihan
156 Ratings
Pros
Cons
More Pros and Cons
  1. "Vice President"

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Vice President in Chicago, IL
    Recommends
    Positive Outlook
    Disapproves of CEO

    I have been working at Bank of America full-time for more than 4 years

    Pros

    Nice people, good benefits, reasonable hours, good pay. In some roles you can choose the level of complexity you want which is a nice option. You can be on projects solving tough problems working with latest technology or something more regimented. Management or regulators will dictate priorities so maybe not a good fit for someone who wants to run the show. But besides that I would recommend to just about everyone.

    Cons

    Limited work from home options, priorities frequently change which makes it difficult to plan and the structure (size) of the enterprise makes these changes difficult to navigate. Promotional track is unclear if you don’t want a management role.

    Advice to Management

    Improve work location options for people that do not want to live near a “hub”. Make an advancement track that doesn’t involve becoming a manager. Have more cross-training and job sharing options.

  2. "Great Place for work life balance"

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Director in Chicago, IL
    Recommends
    Positive Outlook

    I worked at Bank of America full-time for more than 2 years

    Pros

    great company and benefits Being a large company one can find new roles/departments within the company

    Cons

    management changes and re-orgs often lead to disruption

  3. "Nice company but I was overworked"

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Investment Banking Analyst in Chicago, IL

    I have been working at Bank of America full-time for more than a year

    Pros

    The company is truly global and diverse! Women and men get paid the same and there are 51% female employees. Nice people and cool offices

    Cons

    I was over worked and never thanked for my work as an analyst. Benefits were never explained to me properly and I didn't think BofA had any true employee perks

  4. "Opportunity to move around if you network"

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Manager in Chicago, IL
    Disapproves of CEO

    I have been working at Bank of America full-time for more than 9 years

    Pros

    Good Benefits that are hard to top - Paternity, PTO Medical is decent but expensive.

    Cons

    Great initiative ideas that never come to fruition.

  5. "BofA Financial Analyst"

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Bank of America for more than 2 years

    Pros

    Good benefits and vacation package.

    Cons

    Not great 401K match, internal systems are dated

  6. Helpful (1)

    "What’s happening to BOA????"

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Manager in Chicago, IL
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Bank of America full-time for more than 4 years

    Pros

    There are no Pros anymore

    Cons

    Required to work 6 days a week open to close. Very strict on any time away from work. Rules for when you can take earned vacation. Expect to have no life. No staff Disorganized directives from a very high level Constant turnover in all positions Lack of engagement from market leaders They have losses touch with what is actually happening Don’t take sick time they hold it against you

    Advice to Management

    Start over! Need new market leadership. Change needs to happen fast.

  7. Helpful (1)

    "Consolidating company locations = losing good employees"

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Chicago, IL
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Bank of America full-time for more than 9 years

    Pros

    Good pay, good benefits, friendly people

    Cons

    No more perks, no working from home, no moving around company unless you are in the 5 core locations

  8. "Client Associate/Personal Banker/Teller"

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Bank of America full-time for more than 6 years

    Pros

    Huge Company, nice benefits - especially health and wellness.

    Cons

    rotating staff, constantly changing teams and managers

    Advice to Management

    Pay attention to the complaints - sometimes, they are small adjustments that can mean all the difference to how one views attending work every day.

  9. "12 years of experience with the firm. Begun as a credit underwriter and now a relationship manager"

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Business Banking Relationship Manager in Chicago, IL
    Positive Outlook
    Disapproves of CEO

    I have been working at Bank of America full-time for more than 20 years

    Pros

    Good treasury services and card

    Cons

    No cons at this time

    Advice to Management

    No advice at this time

  10. Helpful (2)

    "Dishonest Managers"

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Relationship Manager in Chicago, IL
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Bank of America full-time for more than 2 years

    Pros

    Good resources, hours are okay

    Cons

    Pay, turnover, bonus structure, treatment from management

    Advice to Management

    I worked at BOA 1.5 years. I had 4 different managers in that time. The branch was always understaffed, everyone I worked with was applying elsewhere. You will not get the advice or help you need to move up within the company, as management wants everyone to be content with the same position and pay for years. Ended up putting in my two weeks after receiving another offer and being told I would be released that day,...

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Found 399 reviews