Bank of America IT Project Manager Reviews | Glassdoor

Bank of America IT Project Manager Reviews

Updated August 8, 2017
34 reviews

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IT Project Manager

3.1
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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
12 Ratings

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. "IT Project manager"

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

    I worked at Bank of America full-time (More than 5 years)

    Pros

    Good people to work with. Moderate red tape for such a large organization. Competitive compensation and benefits. Good variety of options for office location (in Charlotte HQ), including uptown, satellite and drop in sites in Ballantyne (south Charlotte).

    Cons

    Telecommuting was becoming less and less of an option in the last few years. Merging of Global Tech operations with parallel Merrill - Lynch leadership centered in NY/NJ was creating stress amongst Charlotte staff.
    Can be difficult to gain visibility and achieve promotion without constant job hopping.

    Advice to Management

    Moderate perceived management "change for the sake of change" I executive leadership. Frequent executive reassignment has leaders implementing operational change and moving on without seeing initiatives through. Creates an environment of perpetual change with little of the stated benefits being achieved.


  2. "Your just a number"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Information Technology Project Manager
    Former Employee - Information Technology Project Manager
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Salary compensation was ok.

    Cons

    Typical corporate bureaucracy. You're just a number in the end, doesn't matter how many years of service you have in.

  3. "Information Security Project Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - IT Project Manager in Raleigh, NC
    Former Contractor - IT Project Manager in Raleigh, NC
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Bank of America as a contractor (More than a year)

    Pros

    Great Environment with talented individuals on each project team.

    Cons

    Not many cons associated with this organization.

    Advice to Management

    Continue.


  4. "Good company, good benefits but lacking career opportunities"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - IT Project Manager
    Current Employee - IT Project Manager
    Positive Outlook
    Approves of CEO

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

    Pros

    Good benefits, Stable company. Depends on which group or manager you have, but work schedule can be flexible

    Cons

    -Difficult to find opportunities for advancement despite the size and breath of products/services provided by BofA
    -Management not vested in employee development and growth
    -Frequent lay-offs (always in fear that you will be next even if you are a top performer)
    -Unrealistic expectations for Technology Teams to deliver which is causing burn out

    Advice to Management

    Invest in your top talented and high performer to retain them. Be transparent in leadership decisions. For example, when lay offs occur, inform associates so they are aware instead of keeping it quiet. This lack of transparency creates fear and low morale which impacts productivity.


  5. "Overall loved my experience with Bank of America"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Senior IT Project Manager
    Former Contractor - Senior IT Project Manager
    Recommends
    No opinion of CEO

    I worked at Bank of America as a contractor (More than 3 years)

    Pros

    Leadership really allowed you to make decisions and listened when you had a great idea. They didn't make you waste your time with too many unneeded reports for status. They trust you to get your job done and make decisions.

    Cons

    Pay was low compared to other companies. They have a lot of policies that tie the hands of managers in hiring you. If you work as a consultant, they make you take 90days off every 3 years so you won't say you were an employee. Even if your boss wants to hire you, they want to keep people as consultants so they don't need to give you benefits. I know consultants that have been back and forth for almost a decade and worked hard and never been hired. You will also work really long hours.

    Advice to Management

    You have great leadership. Let them hire your better consultants. Hire consultants for shortages that are short term. Don't make it an overall hiring practice, You should also allow more remote workers again. It allows you to get great resources that might not be close to an office. Overall I loved my job and was very productive. I would have joined your company if you had just let me boss hire me.


  6. "IT PM BOA"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - IT Project Manager in New York, NY
    Current Employee - IT Project Manager in New York, NY
    Positive Outlook
    Approves of CEO

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

    Pros

    Stable company. Average salary. Great co-workers

    Cons

    Unclear management direction and challenging upward mobility.

    Advice to Management

    Define and simplify process


  7. "IT Project Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - IT Project Manager in Pennington, NJ
    Former Contractor - IT Project Manager in Pennington, NJ
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Bank of America as a contractor (More than a year)

    Pros

    Good Work variety
    Nice Co-Workers
    Work Life Balance was very flexible.

    Cons

    No ability to leverage work to a permanent position
    Low pay

  8. "Implementation Engineer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - IT Project Manager IV
    Former Employee - IT Project Manager IV
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Possible Remote Position nego. Must be in right City to be hired

    Cons

    Stricted Hiring based on City Location, not fair salary offers


  9. "Project Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - IT Project Manager in Hopewell, NJ
    Current Employee - IT Project Manager in Hopewell, NJ
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Laid back, good work life balance

    Cons

    No scope for learning new technologies

    Advice to Management

    Bring in younger crowd and upgrade to cutting edge technologies


  10. "Project Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - IT Project Manager in Los Angeles, CA
    Former Employee - IT Project Manager in Los Angeles, CA
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    I worked at Bank of America full-time (More than 5 years)

    Pros

    Great co-workers, professional culture, good benefits.

    Cons

    Work life balance is poor. Many people work many hours of unpaid overtime.

    Advice to Management

    Honor the assessment of your mid level managers to retain the most knowledgeable staff and continue the work from home option to make this possible.