Bank of America Reviews in Chicago, IL | Glassdoor

Bank of America Chicago Reviews

Updated August 16, 2017
340 reviews

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Chicago, IL Area

340 Employee Reviews

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  1. "Awesome Place to work"

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

    Pros

    its an awesome place to work as it porvides lots of opportunity to learn

    Cons

    The company is awesome no cons

    Advice to Management

    dont know


  2. "Financial Solutions Advisor"

    StarStarStarStarStar
    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 a year)

    Pros

    Not much. Industry is changing and not in a good way for employees.

    Cons

    Poor culture and career advancement.

  3. "Compliance Officer"

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

    Pros

    Good benefits for employees and possible promotion opportunities

    Cons

    Beauracratic structure that makes decision making hard

    Advice to Management

    Encourage entrepreneurial spirit and see growth


  4. "Overall its a great place to work, salary increases are challenging"

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

    I have been working at Bank of America full-time (More than 8 years)

    Pros

    Work with many great people within global transaction services at the bank, there are ample opportunities to grow as long as you build your network and sponsorship

    Cons

    Salaries only seem to move 10% from Associate to VP and across the board in terms of promotions. It seems a challenge to stay within the bank if you want to grow your salary in a impactful way. Bonuses generally have been fairly decent especially when compared with some of BofAs peers.

    Advice to Management

    Meaningful salary growth is challenging which sends a signal that you may at some point have to move outside the bank to get what the rest of the market pays.


  5. "Disappointing the company elected to downsize. Losing a lot of talented and valued employees."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Underwriting Manager in Rolling Meadows, IL
    Current Employee - Underwriting Manager in Rolling Meadows, IL
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Great benefits and a great staff to work with.

    Cons

    Disappointed to see BofA elected to downsize.


  6. "Easy gig"

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

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

    Pros

    Usually, working hours do not go past 6pm.So thats cool. Good work/home life balance. Paid days off. Off holidays, Easy to move up,and fairly similar duties

    Cons

    Can get boring if you're not ambitious. Same things everyday.You get audited and if you dont know your stuff, it can severely hurt the team

    Advice to Management

    Come around more often.


  7. "Bank of America is cool"

    StarStarStarStarStar
    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

    The company has great employee benefits.

    Cons

    The company does pay as well as other financial institutions.

  8. Helpful (3)

    "The best job ever had"

    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 (More than a year)

    Pros

    Constantly challenged to improve and deliver results excellent benefits good compensation, career advancement opportunities currently investing in technology solid company excellent workforce

    Cons

    Highly stressful, not a job for everyone, needs to adapt quickly, highly regulated industry with extenuating politics and burocracy, high turnover rate

    Advice to Management

    Create more development programs to motivate career advancement


  9. "Don't let the company name fool you- horrible place to work"

    StarStarStarStarStar
    Current Employee - Anonymous Employee in Chicago, IL
    Current Employee - Anonymous Employee in Chicago, IL
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    The Name of the company

    Cons

    Horrible Management, Micromanaging employees, Little Pay, No room for advancement as they never promote from within


  10. "bank associate"

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

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

    Pros

    i worked there for 22 years and i proud to be a employee of the bank.

    Cons

    Lack of work gives me a laid off not anybody's fault new technology came less man power required.

    Advice to Management

    none


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