Bank of America Investment Associate Reviews | Glassdoor

Bank of America Investment Associate Reviews

Updated March 6, 2019
23 reviews

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Investment Associate

3.9
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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
9 Ratings

Employee Reviews

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Pros
Cons
  • "Hard to maintain a good work life balance" (in 532 reviews)

  • "Don't get a lot of support from upper management" (in 461 reviews)

More Pros and Cons

  1. "Taking online classes for medical assistant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Banking Associate and Medical Billing and Coding in Newark, DE
    Former Employee - Investment Banking Associate and Medical Billing and Coding in Newark, DE
    Positive Outlook

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

    Pros

    Christiana Care I love the feeling of warmth and comfort when I was in there care. I've always wanted to work at a hospital so I can give back to the staff that took care of me there in my hours of need. I love helping and caring for people and my co-workers.

    Cons

    It does become over whelming at times but I couldn't think of anything any rewarding then to help others

    Advice to Management

    I'm a hard worker and I like a challenging career and I give it my all and to advance at other options to open up to me in the future to pursue open doors to a much rewarding career opportunities.


  2. "Very dependent on deal flow"

    StarStarStarStarStar
    Former Employee - Investment Banking Associate in New York, NY
    Former Employee - Investment Banking Associate in New York, NY

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

    Pros

    Training Program is good. Good culture among junior people

    Cons

    You have to really work to get put on live deals. Depending on your group, with bad luck you could be just pitching your whole first year

  3. "Fa dependent"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investment Associate
    Current Employee - Investment Associate
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Fantastic benefits and a very ethical firm to work for that has clients best interest at heart.

    Cons

    Compliance can be very difficult to work with sometimes and experience of IA ranges dramatically between FA.


  4. "REGL Associate BofA-ML"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Banking Associate in New York, NY
    Former Employee - Investment Banking Associate in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Bank of America full-time (More than 3 years)

    Pros

    Good on job benefits for food and transportation

    Cons

    Bad working hours, high turnover review, no bonuses for two years

    Advice to Management

    REGL Associate entry position (4 yrs)


  5. "Client Associate - Global Wealth and Investment Management - LATAM- International"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Management Client Associate in Miami, FL
    Former Employee - Investment Management Client Associate in Miami, FL
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Opportunity to learn various business lines, online internal platform resources to perform analysis pertinent to business needs.

    Cons

    Eventually, because of BOA's purchase of Merrill Lynch, the integration and understanding by BOA of best practices to address International and Latin American market segment was lacking. KYC and due diligence relative to protecting client service, fraud protection, and management of operations environment as expected could have been handled better. CA's as usual in such circumstances must cope with both team & operational changes as best as possible.


  6. "Typical Bulge Bracket Experience (for IB)"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Banking Associate in New York, NY
    Former Employee - Investment Banking Associate in New York, NY
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Good exposure to deal flow, bulge bracket investment banking experience, credible platfrom from which to launch a career in sell-side or buy-side corporate finance.

    Cons

    Long hours, but that is par for the course in IB. However, hours were on the long side even for banking, also aggressive culture of people which made it that much harder. My understanding is that since I left they've instituted some things to improve balance for junior bankers. Compensation was also middle of the road.

    Advice to Management

    Need to cut the beauracracy or you will keep bleeding talent. Also, need to manage out senior folks who burn out junior bankers dispproportionately to their revenue generation.


  7. "Good work environment"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investment Banking Associate in Los Angeles, CA
    Current Employee - Investment Banking Associate in Los Angeles, CA
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Exposure to corporate and private deals in Tech. Tightly knit smaller office allows senior team interaction and exposure. Decent deal volume through office

    Cons

    Understaffed and need to recruit and set workload expectations with new hires. Encourage attendance to industry trade shows when feasible

    Advice to Management

    Involve Junior team in meetings

  8. "Investment Banking Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investment Banking Associate in New York, NY
    Current Employee - Investment Banking Associate in New York, NY

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

    Pros

    Healthy deal flow, ample technical resources, collegial work environment.

    Cons

    Less focused/dedicated analysts, especially after protected weekend policies.


  9. "Worked in investments"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Banking Associate
    Former Employee - Investment Banking Associate
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great benefits!! Great pay! Work life balance is so so

    Cons

    Not all managers are helpful

    Advice to Management

    More job progression


  10. "Overall, a good company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Banking Associate in New York, NY
    Former Employee - Investment Banking Associate in New York, NY
    Recommends
    Neutral Outlook
    Disapproves of CEO

    Pros

    Pay was fair and in-line with the industry. Upward mobility was available despite the big corporate structure. Movement towards better work-life balance.

    Cons

    Decisions and things move slow due to the big size of the company. Despite the merger with Merrill Lynch, the brand name still isn't up there with some of the top tier banks.

    Advice to Management

    Push further to be leaders.