Bank of America Engineering Specialist Reviews | Glassdoor

Bank of America Engineering Specialist Reviews

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Engineering Specialist

3.0
StarStarStarStarStar
Recommend to a friend
Approve of CEO
Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
1 Rating

Employee Reviews

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Pros
Cons
  • "Bonuses Training Work life balance" (in 492 reviews)

  • "Communication with upper management can be difficult" (in 435 reviews)

More Pros and Cons

  1. "A company that has lost it’s way and treats employees like commodities."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Specialist - Information Security Engineer
    Current Employee - Specialist - Information Security Engineer
    Recommends
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Stability, generally good internal processes, generally good benefits.

    Cons

    No real pension plan. Low pay. Large amount of outsourcing. Focus on maximizing short-term profits and minimizing operational costs harms long-term sustainability. Difficult to advance. Internal politics rather than data drive to many moves.

    Advice to Management

    Need a better focus on the long-term quality and performance of the company rather than simply the next quarterly numbers. They also need to spread out the huge salaries and bonuses given to upper management and the investment teams to the rest of the employees to provide the support they need to succeed. I would recommend that the salary spread between lowest and highest paid employees be no more than 25 times, including all bonuses. This will help the company attract and retain the best workers at all levels.