Bank of America Reviews in Chicago, IL | Glassdoor

Bank of America Chicago Reviews

Updated July 24, 2017
339 reviews

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Chicago, IL Area

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

339 Employee Reviews

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Pros
Cons
More Pros and Cons

  1. "Manager"

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

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

    Pros

    Amazing company with outstanding benefits

    Cons

    No cons as such but bit stressfull


  2. "I like the company"

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

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

    Pros

    Benefits are great. Paternity leave is rarely seen in companies. One of the many benefits that this great company has to offer

    Cons

    There aren't really many cons to this company. Sure just like every company there are little things we wish we could change but overall not many cons

    Advice to Management

    Create a lobby engager only position. Offer coffee like other institutions

  3. "AVP"

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

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

    Pros

    Stable large company to work for

    Cons

    Less agility due to size of corporation


  4. "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
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Although very large, concerted efforts are constantly being made to ensure dissemination of control requirements, opportunities, and matters having associate impact.
    Benefits package is good.

    Cons

    Difficult environment with cost-cutting being a constant.
    Compensation is poor - people who remain long-term may have difficulty finding opportunities to grow their comp.

    Advice to Management

    Pay market rates to valuable associates who have been loyal to the bank.


  5. "Both pros and cons"

    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 5 years)

    Pros

    Salary seems in line with what I've read about other companies. Firm encourages looking for new opportunities. Really encourages volunteering, giving time off (with manager approval) to do volunteer work.

    Cons

    Health insurance costs are pretty high.


  6. Helpful (2)

    "Operations Analyst"

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

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

    Pros

    Solid Coworkers.
    Nice office location.
    Management often takes a hands off approach to managing so employees are able to do their job without someone looking over their shoulders.
    Decent pay and benefits for the work required.

    Cons

    It is very difficult to figure out what it takes to advance. Management will often give vague and conflicting advice/guidelines on what to do to get promoted.
    Lack of unity/team work between different departments can make it difficult to get information or answer in order to perform your job requirements.
    Software/tech issues occur more frequently than one would expect for such a large institution and it can be difficult to get the issue resolved or even get a status update.

    Advice to Management

    Start setting clear guidelines on what it takes to get promoted so it no longer feels like employee names are just being picked out of a hat when annual promotion time roles around. Consider doing promotions more than once a year.


  7. "Good Place to Work"

    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
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    bank of america offers good benefits

    Cons

    bank of America can be bureacratic

  8. Helpful (1)

    "Dysfunction and aggressive sales tactics will the Wells Fargo findings look like fluff"

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

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

    Pros

    It paid a decent salary for what the actual job requirements were. It has nice colors and parking for employees

    Cons

    Horrible management structure, incompetent lending department, and just the most unprofessional organization I've seen. I can't imagine working with less respectable people who cared nothing for clients and all for their own pay.


  9. "It kinda sucked"

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

    Pros

    Great benefits, decent hours and average pay.

    Cons

    They don't treat employees as people


  10. "System Engineer"

    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
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Bank of America full-time

    Pros

    Solid technology practices and procedures in use.

    Cons

    Slow moving development and deployment of new software.

    Advice to Management

    Live up the work environment


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