Bank of America Reviews in Chicago, IL | Glassdoor

Bank of America Chicago Reviews

Updated October 10, 2017
352 reviews

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Chicago, IL Area

3.4
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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
140 Ratings

352 Employee Reviews

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Pros
Cons
  • Work life balance has to be earned (in 446 reviews)

  • Upper management don't listen to those located in other cities (in 398 reviews)

More Pros and Cons

  1. "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


  2. "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.

  3. Helpful (1)

    "Relationship Manager"

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

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

    Pros

    Ability to earn bonuses and health benefits

    Cons

    Too much pressure to sell and push products

    Advice to Management

    Instead of having daily meetings to discuss why sales are low, give the relationship manager a chance to improve their sells first. Give them some autonomy.


  4. ".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


  5. "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.


  6. "GREAT PLACE TO GET STARTED"

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

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

    Pros

    Great work Enviorment, Staff and Benefits.

    Cons

    Cutting of Staffing, Salary is average at best

    Advice to Management

    Be able to have a open conversation that would allow feedback without the fear of repercussion


  7. "Decent experience"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Intern in Chicago, IL
    Former Intern - Intern in Chicago, IL
    Doesn't Recommend

    I worked at Bank of America as an intern (Less than a year)

    Pros

    It is in a nice city and there are plenty of nice restaurants around. The work is fairly interesting.

    Cons

    The company has a lot of bureaucracy as a result, they lag in making changes.

    Advice to Management

    None.

  8. "Great work life balance"

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

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

    Pros

    Maternity & paternity leave
    Tution assistance
    Switch to new jobs, skills, roles within the company.

    Cons

    Too large a company to make a name for yourself
    Has been constantly shrinking in size for almost a decade

    Advice to Management

    Management is trying to build teams In low cost cities, they should instead go where the talent is.


  9. "Good place to work"

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

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

    Pros

    good management, diversity, career advancement

    Cons

    compensation plan changed more than once within a year, have a clear understanding of your territory.


  10. "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


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