Bank of America Reviews in London, UK | Glassdoor

Bank of America London Reviews

Updated May 25, 2018
172 reviews

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London, UK Area (UK)

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

172 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. "Excellent bank to work for"

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

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

    Pros

    Deep Corporate & Investment Banking expertise

    Cons

    Nothing of note. Just London being a branch, it misses the authority of head office.


  2. "Great place to work"

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

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

    Pros

    Competitive salaries
    Good flexible benefits
    Relaxed working environment with good work/life balance
    Lots of resources for developing your career
    Good opportunities for internal mobility

    Cons

    They are moving jobs away from London

    Advice to Management

    Keep listening to the staff and make the changes they recommend to improve things

  3. "Generally happy but don’t stay too long"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - AVP-IT in London, England (UK)
    Current Employee - AVP-IT in London, England (UK)
    Recommends
    Negative Outlook
    No opinion of CEO

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

    Pros

    Flexible working, emergency childcare, good benefits package, onsite gym, central location, working with smart people. Opportunity to learn a lot of different types of tech.

    Cons

    As a developer be careful not to get stuck on a heavily proprietary project like quartz otherwise you may find yourself becoming de skilled. Sometimes the red tape can be frustrating. Quality of offshore colleagues varies immensely from excellent to mediocre. In my experience you are not rewarded for staying in your role at this firm and the longer you stay, the more underpaid you will be. Aim to make a move after 3 years tops.

    Advice to Management

    Look after staff who have decided to dedicate a number of years to the company. Make sure they are adequately compensated.


  4. "Baml"

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

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

    Pros

    Big player, possibilities throughout the globe

    Cons

    Too much process and admin


  5. "Equities business in transition"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Equity Research Analyst in London, England (UK)
    Former Employee - Equity Research Analyst in London, England (UK)
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Big global bank, strong name, some good people

    Cons

    Heavy cost cutting in European equities


  6. "Lack of teamwork"

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

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

    Pros

    If you have close relations with senior staff you can ensure you get paid regardless of performance.

    Cons

    It’s all about who you know .

    Advice to Management

    Needs to be more meritocratic .


  7. "Review"

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

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

    Pros

    A change to develop a career

    Cons

    Very target focused. Management changed business tactiques and many of us were made redundant

    Advice to Management

    value people over the business.

  8. Helpful (1)

    "Director (Middle Office)"

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

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

    Pros

    Best employer I've worked for. Supportive environment, nurturing talent, great benefits and forward looking company.

    Cons

    None. Bank of America have a strong focus on employees, customers and communities. Solid leadership.

    Advice to Management

    Leading by example and underpinning actions and strategy with strong values, as you do, inspires your workforce.


  9. "Relaxed environment, friendly people, plenty of diversity"

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

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

    Pros

    Flexible working, Business Casual Dress code,

    Cons

    I didn’t have any complaints.


  10. "Bank of America"

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

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

    Pros

    Amazing company which meets your needs

    Cons

    Difficult to communicate within organisation


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