Bank of America Reviews in London, UK | Glassdoor

Bank of America London Reviews

Updated May 10, 2017
136 reviews

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London, UK Area (UK)

3.6
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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
56 Ratings

136 Employee Reviews

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  1. "Good"

    Star Star Star Star Star
    • 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.


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

    Star Star Star Star Star
    • 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!


  3. "Decent, could be better"

    Star Star Star Star Star
    • 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


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  5. "Spring Intern"

    Star Star Star Star Star
    • 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.


  6. "Stingy"

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

    Pros

    Good name
    Best practice
    Good strategy
    Interesting people

    Cons

    Bad raises
    Huge cost cut
    American focused


  7. "Purchasing Interview"

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

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

    Pros

    I applied through a staffing agency. The process took a week. I interviewed at Panasonic.

    Cons

    Very polite and respectful Panasonic Managers. Many questions about prior experience, ERP, MRP systems, show quickly I can learn the new software, if I can work in multinational company, how I would handle work under pressure, asked about customer service skills,


  8. Helpful (1)

    "Great opportunities"

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

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

    Pros

    Large breadth of opportunities across a lot of functions
    Cares about the communities it operates in
    Seems to care about employees

    Cons

    Beaurocracy in decision making
    Management structure is opaque which makes decision making slow.
    Employee 360 process seems flawed
    Expense management top down is flawed

    Advice to Management

    Let management take more decisions


  9. Helpful (1)

    "Very corporate"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Learning Consultant, Assistant Vice President in London, England (UK)
    Former Employee - Learning Consultant, Assistant Vice President in London, England (UK)
    Approves of CEO

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

    Pros

    Good money, great benefits, global experience, career mobility, training opportunities and loads of events for employees

    Cons

    Hard to make changes, can be political, working hours can be long depending on your department, IT systems aren't integrated

    Advice to Management

    Treat employees with respect, have more fun


  10. "Very good bank"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Summer Technology Analyst in London, England (UK)
    Former Intern - Summer Technology Analyst in London, England (UK)
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    This is a very good bank because they give very good salaries and the volume of work is not that hard

    Cons

    The managers are very hard to reach, and every time you request some time to talk with them they say they are quite busy.

    Advice to Management

    To be faster in responses and to make sure that their employees know exactly what they have to do.


  11. "Neutral !"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director in London, England (UK)
    Current Employee - Director 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

    Generally high quality of people and work. Good mix of non-cash benefits to choose from. Progression path is clear but aslo challenging

    Cons

    Fair amount of politics. Lot of restructing off late....(seems like an ongoing theme)...Challenges in retaining strong talent - really good people tend to leave for elsewhere. Lot of decision making centered in US


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