Bank of America Reviews in Chicago, IL | Glassdoor

Bank of America Chicago Reviews

Updated May 23, 2018
379 reviews

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Chicago, IL Area

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

379 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. "happy to work"

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

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

    Pros

    work life balance and work environment

    Cons

    nothing specific about this specific job

    Advice to Management

    nothing


  2. "Great place to work"

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

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

    Pros

    Great benefits
    Great work / life balance

    Cons

    Pays under market rate compared to other companies

  3. "BofA IAM"

    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

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

    Pros

    There are a ton of benefits at the bank like 401k matching that are great. The work is ever changing so I never get bored.

    Cons

    It can be frustrating to see how competitive the company is for new hires, but that they do very little to retain talent.


  4. "Documentation Specialist"

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

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

    Pros

    Excellent child care benefits and community service projects. The 401K benefit plan is a definite incentive when most companies aren't offering this now.

    Cons

    Job roles and titles consistently change. The turnover rate at the Bank is high and unfortunately layoffs are plentiful. Job security at this Bank is an uncertainty.

    Advice to Management

    Listen to your employees; most of the time their concerns are valid and many of their ideas and suggestions can be beneficial to the growth of the corporation.


  5. "Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Northbrook, IL
    Current Employee - Anonymous Employee in Northbrook, IL
    Recommends
    Positive Outlook

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

    Pros

    Location, nice people, pleasant office

    Cons

    Career Guidance is unfortunately limited

    Advice to Management

    More career guidance


  6. "Understanding the Power of their People"

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

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

    Pros

    Bank of America's senior leadership really seems to have a good feel for not only what their employees value, but how to do their best to provide opportunities to express those values. With that said, I found a lot could be done within the Bank as long as you (unfortunately) played typical office politics and learned to stay in your lane. There were plenty of opportunities to network where I was (GT&O - Treasury Management), but once again - it was a struggle to even get there.

    Cons

    Ultimately, the cons I saw within the bank's culture were more about specific people and groupings rather than fundamental, core value issues. In the end, I did not receive the support I had assumed I should have been afforded, and had no say in which projects I wanted to be a part of, or how I could even be considered for things in the future.
    As can be seen through a lot of different large organizations - you get what you put in, but in some cases the timing of what you will get out of it just didn't seem to be sufficient for me (over 7 years commitment).

    Advice to Management

    Continue to place trust and power in the people doing the jobs on a daily basis. Continue to act on the Voice of the Employee suggestions, as well as making it a fundamental part of your own self-analysis around whether you not only have the right people in the jobs currently, but are those people on the path of where they want to be, and how can you best help them.


  7. "Good Company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Portfolio Manager in Chicago, IL
    Current Employee - Portfolio Manager in Chicago, IL
    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, culture

    Cons

    Lack of communication, Top down leadership.

  8. "Hard to beat"

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

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

    Pros

    Great people that know how to get things accomplished, great benefits, great leadership that cares about the growth of their direct reports.

    Cons

    Limited opportunity for advancement.


  9. "n/a"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Bank Teller in Schaumburg, IL
    Current Employee - Bank Teller in Schaumburg, IL
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    staff is great to work with

    Cons

    manager is not that good to work with

    Advice to Management

    n/a


  10. "Implementation Specialist"

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

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

    Pros

    Great Benefits and employee networks within the company. Volunteerism is highly encouraged which is admirable.

    There are many internal tools that you can use for your development

    Cons

    Limited Internal Career Advancement, managers are not willing to see the potential if the experience is not there. You can feel like a number in the operations department in lieu of feeling like a person


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