Bank of America Reviews in London, UK | Glassdoor

Bank of America London Reviews

Updated July 13, 2017
142 reviews

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London, UK Area (UK)

3.8
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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
60 Ratings

142 Employee Reviews

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Pros
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  1. "Commodities and FID"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst FIC and FX in London, England (UK)
    Current Employee - Analyst FIC and FX in London, England (UK)
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great culture/ prospects of growth and career

    Cons

    No cons in working for BAML

    Advice to Management

    Great manamgement- v


  2. "7 years and going strong"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in London, England (UK)
    Current Employee - Vice President in London, England (UK)
    Recommends
    Positive Outlook

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

    Pros

    Internal mobility options are great, excellent global opportunities, I'm encouraged to share new ideas and innovative ways of doing business. As a working mum I have plenty of opportunity to work flexibly.

    Cons

    Sometimes the large global nature of the organization can delay decisions

  3. "avp"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - AVP-Analyst in London, England (UK)
    Current Employee - AVP-Analyst in London, England (UK)
    Approves of CEO

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

    Pros

    very good place to work

    Cons

    no cons seen so far

    Advice to Management

    no advice


  4. "Quant Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Quant Risk Analyst in London, England (UK)
    Current Contractor - Quant Risk Analyst in London, England (UK)

    I have been working at Bank of America as a contractor (More than a year)

    Pros

    Great place to work, really friendly people and ability to learn lots every day and choose your own work path

    Cons

    Not too great at knowledge sharing and have noticed people get promoted just for being there for a long period of time without really deserving it

    Advice to Management

    listen to the employees more and take more notice of wehat people actually do, rather than how long their bum has been in the seat.


  5. "average experience"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Trader in London, England (UK)
    Former Employee - Trader in London, England (UK)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    - very good pay and great perks
    - opportunities to be involved with volunteering / charity work

    Cons

    - poor work life balance
    - tense company culture due to constant layoffs
    - very little mobility within the company
    - very hierarchical management structure
    - not an innovative or forward thinking culture

    Advice to Management

    The company should adopt a more forward thinking strategy. Embrace tech more rather than waiting to be disrupted by fintech players. Aim for a flatter hierarchy in the company and more communication between employees and top management.


  6. "Merrill Lynch"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor in London, England (UK)
    Former Employee - Financial Advisor in London, England (UK)
    Recommends
    Positive Outlook
    Disapproves of CEO

    Pros

    Good ethical company, lots of opportunities

    Cons

    Changed dramatically from when I was employed by Merrill Lynch Wealth Management and not for the better.


  7. "Good"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in London, England (UK)
    Current Employee - Associate in London, England (UK)
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Big company with great name recognition but little opportunity to move departments. I would recommend if starting out on your career.

    Cons

    Little opportunity to move. Decreasing pay and perks. Huge ammonium by of outsourcing taking place so job security not assured.

  8. "People new to banking will accelerate their careers up to a VP level very well as long as they remain focussed."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President Technology Manager in London, England (UK)
    Current Employee - Vice President Technology Manager in London, England (UK)
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Some very skilled people to work with. Excellent working environment! There are opportunities to participate in philanthropic work and hiring. Sites have a number of facilities like gym, doctor, dentists, physio etc. There is a good focus on wellness and looking after yourself.

    Cons

    Limited movement if you show your skills. Management act supportive but are really in it for their own agenda! Life becomes overly political! Has a tendency to push work offshore but don't attract the best talent out there. Which puts additional pressure on local resources to deliver whilst dragging the dead weight.

    Thought on technology selection has always been something of a "we need one of those" rather than is this the right choice for the organisation?!

    Advice to Management

    Listen to the concerns of your staff before they get so frustrated they decide to leave! When money is a concern, but not the primary throwing money at the problem doesn't solve the issue! Understand that taking resources away from critical projects with critical people will only go some way to drive those critical people away! Have managers who are prepared to be hands on. I had a manager that went on virtually every training course the developers went on but, I have yet to see that manager write a single line of code! Rather than waste time and money behind these managers who can manage upwards but are like tyrants to their teams , they should look to promote the talented developers who deliver a clear strategic vision for their projects, some of whom manage or work on multiple projects and are continuously overlooked for promotions!


  9. "Decent, could be better"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Software Engineer in London, England (UK)
    Former Employee - Senior Software Engineer in London, England (UK)
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Work was very easy. The environment was relaxed.

    Cons

    Many redundant people, most technologists are useless but it's hard for upper management to observe that because the environment is very opaque.

    Advice to Management

    Fire 50% of employees and there will be no difference in productivity


  10. "Spring Intern"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Intern in London, England (UK)
    Former Intern - Intern in London, England (UK)
    Recommends
    Neutral Outlook

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

    Pros

    Learnt a lot about the structure of a bank and how different divisions work.

    Cons

    Felt like the atmosphere was always very intense and competitive.


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