Bank of America Reviews in London, UK | Glassdoor

Bank of America London Reviews

Updated January 6, 2019
187 reviews

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London, UK Area (UK)

3.4
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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
85 Ratings

187 Employee Reviews

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Pros
Cons
  • "No work-life balance when you work 6 days a week" (in 520 reviews)

  • "Don't get a lot of support from upper management" (in 452 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. "Fair place to work at"

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

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

    Pros

    My experience has largely been on the technology side - it is indeed an organisation which is too big to fail and I guess since the volume of people involved in the organisation is so high, it is likely to come across and work with enough talented people around you.

    Cons

    The bank is very true to its name - it is indeed a organisation which is too much driven from America inspite of the fact that there is a general acknowledgement that it would work better if control is spread out to other regions too (EMEA and APAC). This is particularly a problem specific to the technology side.

    Advice to Management

    Too many talents are underutilised and less recognised of their true potential in the technology side.

  3. "Payroll Specalist"

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

    I worked at Bank of America as a contractor (More than 5 years)

    Pros

    Great place to work. Enjoyed my time

    Cons

    Contractors are not employees, so no benefits

    Advice to Management

    Thanks for all your help


  4. "Too many chiefs not enough ownership"

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

    Pros

    Looks good on the CV

    Cons

    Lack of spirit and culture + blame game culture


  5. "Good bank to work for"

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

    Great management with focus on high standards but retaining a nice culture and fairly decent work life balance creating a pleasant atmosphere. Unlike in many other banks there is no toxic environment.

    Cons

    Many administrative tasks, outsource them to a back office (as is the case in other banks).

    Advice to Management

    Outsource some of the administrative tasks.


  6. "good culture, good opportunity, big bank"

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

    decent benefits, good culture, good growth trajectory

    Cons

    very big bank and therefore very easy to get lost in the machine


  7. Helpful (2)

    "No career progression"

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

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

    Pros

    Can’t really think of any

    Cons

    Lack of career progression
    Company does not care if you’re deskilled in the process of working there
    Offices old and cramped and lack facilities
    No real culture of appreciation- company pushes a superficial culture of ‘appreciation’ with cheap tricks like e badges and e cards with no value.
    No desire to keep good employees, middle managers focused on covering their own backsides.

    Advice to Management

    Ditch quartz as soon as you can

  8. "Poor management"

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

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

    Pros

    Good name on CV
    Good benefits (similar as most big companies)
    Very flexible working hours (regular wfh, gym during the day)
    Good team spirit and nice colleagues
    Very secured jobs
    Very strong help towards women in technology

    Cons

    Low base salary and poor bonuses for perm, annual pay rise below inflation rate.
    Annual review process is a joke (shady rating system)
    Huge hassle to move from Analyst to AVP for very little pay rise
    Hard to move internally (impossible if you don't know the team members/manager you are want to move to)
    Significant amount of offshore colleagues, can ranged from excellent to really poor (skills and communication)
    Lack of training

    Advice to Management

    Simply need to listen to people at the bottom and try to thrive to something better.


  9. "Risk Management"

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

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

    Pros

    Good People, Lots of networking opportunities, fair on family

    Cons

    leadership can be lacking, too big to drive change, lower than market rates

    Advice to Management

    listen more, lead more, pay more


  10. "Nice Company to work for"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    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 (Less than a year)

    Pros

    Multicultural environment, varied set of tasks, friendly but professional environment. Some assistants are gems

    Cons

    Sometimes it feels you are invisible, some assistants are quite nasty


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