Bank of America Reviews in Chicago, IL | Glassdoor

Bank of America Chicago Reviews

Updated September 14, 2017
349 reviews

Filter

Filter

Chicago, IL Area

3.4
StarStarStarStarStar
Rating TrendsRating Trends
Recommend to a friend
Approve of CEO
Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
139 Ratings

349 Employee Reviews

Sort: PopularRatingDate

Pros
Cons
More Pros and Cons

  1. Helpful (1)

    "Bank of America - Great place to work!!"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Banking Center Manager in Chicago, IL
    Current Employee - Banking Center Manager in Chicago, IL
    Recommends
    Approves of CEO

    Pros

    Security, they are one of the best financially positioned US banks in the country!!! The compensation plan, with respect to our commission bonuses is really fair and thought through. In addition to that, the company does a great job of listening to the associates of the company and being flexible enough to make changes when needed. They also encourage switching from one line of business to another in order to be more well rounded.

    Cons

    Sometimes the industry itself can be boring and routine. However, the financial sector is the best to be in!!

    Advice to Management

    None, really. Keep leading us through these tough economical times. You are doing a great job!!!


  2. "Excellent bonuses, no time to spend"

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

    Pros

    Empowerment to perform my job and excellent bonus package. The job was challenging and everyday was a whirlwind of activity for which you were paid a lower than market base pay but pheonominal bonuses at the end of the year. Our department was structured so that there were fewer layers of management so getting immediate answers on what we could do or couldn't do was only one person away. All top management was available with an open door policy. Management welcomed "thinking outside the box" and creative structering in order to get a loan closed. Very exciting and great comraderie amoung the group.

    Cons

    No life outside of the job. You had to be available via blackberry 24/7.

    Advice to Management

    They should have provided more staff to complete the day to day work to prevent burnout.

  3. Helpful (1)

    "Best in the Industry"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Teller in Chicago, IL
    Current Employee - Teller in Chicago, IL
    Recommends
    No opinion of CEO

    Pros

    BAC has higher pay than competitors, better benefits that start sooner, quality training program and support for new associates, a less-than-expected amount of competition within a branch and is respectful of employees. I have seen a banker turn sales over to another banker simply because he had met his quota and she had not yet; unheard of in a normal pay-for-performance-based environment. Metrics used for evaluation are readily available and easily show where improvements can be made.

    Cons

    No cons that are specific to BAC, only to the retail banking industry. Quotas that are unrealistic for products that are hard to differentiate from the competition.

    Advice to Management

    The senior management and leadership is doing an excellent job in its treatment of employees, especially considering the current economy.


  4. "Love Bank Of America"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Treasury Services Senior Advisor in Chicago, IL
    Current Employee - Treasury Services Senior Advisor in Chicago, IL
    Recommends
    No opinion of CEO

    Pros

    benefits, hours, bank holidays, flexible schedule, eligibility to work from home in many lines of business, opportunity to grow

    Cons

    salary doesn't always compare with other companies

    Advice to Management

    None


  5. "A good place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - First Vice President in Chicago, IL
    Former Employee - First Vice President in Chicago, IL
    Recommends

    Pros

    Competent Management with alot of experience

    Cons

    Slow decision making can lead to delayed implementation of new procedures

    Advice to Management

    Include others in your decisions


  6. "I have had a great experience so far."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Customer Service Representative in Chicago, IL
    Current Employee - Customer Service Representative in Chicago, IL
    Recommends
    No opinion of CEO

    Pros

    Great benefits and great compensation.

    Cons

    Not that many employment opportunities.

    Advice to Management

    I would suggest creating more areas in which an employee can move up and has a more clear career path.


  7. "PBIG"

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

    Pros

    Good hours, if you're on a solid team pay is good as well.

    Cons

    You are limited by the performance of you team and there is no natural career progression. You need to create your own advancement opportunities.

    Advice to Management

    Management stays out of your business if your team is producing and even if your team is not producing management's concerns will be directed to the Advisors.

  8. Helpful (1)

    "progressing"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Teller in Schaumburg, IL
    Current Employee - Teller in Schaumburg, IL
    Recommends
    Approves of CEO

    Pros

    pay, reputation, size, opportunity for advancement, location

    Cons

    strict, size, discriminating, expensive, management


  9. "Great"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Manager in Chicago, IL
    Current Employee - Assistant Manager in Chicago, IL
    Recommends
    No opinion of CEO

    Pros

    Great. Energetic enthusiastic. Hard work

    Cons

    Customer dealings, UPSET customers, cme experience expectations

    Advice to Management

    Motivation


  10. "Branch Manager"

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

    Great visibility if you perform well

    Cons

    High stress, long hours, changing laws and regulations cause major delays

    Advice to Management

    Politics are a must.


Showing 349 of 17,052 reviews
Reset Filters