Bank of America Reviews in Los Angeles, CA | Glassdoor

Bank of America Los Angeles Reviews

Updated March 11, 2019
346 reviews

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Los Angeles, CA

3.2
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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
157 Ratings

346 Employee Reviews

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Pros
Cons
More Pros and Cons

  1. "Great Benefits"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Compliance Specialist in Los Angeles, CA
    Former Employee - Compliance Specialist in Los Angeles, CA

    I worked at Bank of America full-time (More than 8 years)

    Pros

    Constant change keeps thing interesting

    Cons

    Communication can be challenging


  2. "Good Company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Vice President in Los Angeles, CA
    Former Employee - Senior Vice President in Los Angeles, CA
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Great benefits and opportunities to grow through your career

    Cons

    Often the higher ups end in roles that they are unable to function effectively. Difficult for improvements to be made in those circumstances.

  3. "Great Place"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Center Operations Manager in Los Angeles, CA
    Current Employee - Financial Center Operations Manager in Los Angeles, CA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Love the Job. Challenging but realistic goals.

    Cons

    No cons at this time.


  4. "Great Benefits But Tough to Get Anything Done"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Vice President in Los Angeles, CA
    Former Employee - Senior Vice President in Los Angeles, CA
    Disapproves of CEO

    I worked at Bank of America full-time (More than 8 years)

    Pros

    Benefits and work/life balance are great.

    Cons

    Bureaucracy x 100. Many corporate decisions will leave you scratching your head.

    Advice to Management

    Seek advice of your managers.


  5. "Good starter job"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Merchant Teller in Los Angeles, CA
    Former Employee - Merchant Teller in Los Angeles, CA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    paid vacation
    401k and pension
    off on holidays
    no work on sunday

    Cons

    no room for growth
    must be sales quota every month/week
    stressful work environment due to management
    got a raise once in the three years that i worked there

    Advice to Management

    create more of a friendly work environment
    give some incentive to motivate sales
    give a raise more often


  6. "Extremely high sales pressure"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Relationship Manager in Los Angeles, CA
    Current Employee - Relationship Manager in Los Angeles, CA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Co-workers are great, holidays off, PTO is great.

    Cons

    Extremely high sales pressure, high goals that are sometimes impossible to achieve, bonus structure is horrible.

    Advice to Management

    stop asking your employees to do so much


  7. "Former Countrywide Leftover"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate Vice President QA/DEV in Los Angeles, CA
    Former Employee - Associate Vice President QA/DEV in Los Angeles, CA
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Bank of America full-time (More than 8 years)

    Pros

    Big Company with lots of opportunity to advance.

    Cons

    Can get lost in the crowd and titles really don't carry much cache.

    Advice to Management

    Less VP's and redundancy

  8. Helpful (2)

    "Relationship Manager Formerly Known as Personal Banker"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Relationship Manager in Los Angeles, CA
    Former Employee - Relationship Manager in Los Angeles, CA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Good health benefits and I loved my coworkers. Management and leadership level is non existent though.

    Cons

    The new job title is called Relationship Manager but formerly was known as personal banker. The other job title Relationship Banker at Bank of America is lower than Personal Banker/Relationship Manager title. Don't let the job title fool you. All the "bankers" that you encounter face to face within the branch are unlicensed bankers and not regulated by any financial authority. What that means is you can be a drop out of high school and still do the job because you are Unlicensed and not a true financial professional. The so called bonuses/commissions/incentives are a joke. It's paid quarterly but don't let that fool you either. Quarter 1 is January, February, March of a fiscal year, but they don't pay you your bonus until End of May which is well into the 2nd quarter. The commission/bonus/incentive is ridiculously low for the amount of work you put in. Personally brought in millions a month but that bonus was laughable. Not enough to meet the poverty line. The management structure is weak and there is no true leadership and only discourse. I loved my coworkers but management were truly what we call "bosses/bossy" and NOT "leaders/motivators." If you want to work in the financial industry especially a bank, go work for a bank that have educated, licensed, and full of personality employees. You can pull in millions for your branch but they keep you put with no advancement. Find happiness and ditch a low tier bank. Just go google strongest bank in the US. Thank you

    Advice to Management

    try to actually manage and do your job. no wonder your employee morale and business revenue is low. Countrywide loans....isn't that your reputation ?


  9. "Weak management"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Officer in Los Angeles, CA
    Current Employee - Officer in Los Angeles, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Good vacation time and 401k

    Cons

    No appreciation from management to employee despite great result. Transitioning to new loan system significantly reduced efficiency

    Advice to Management

    Putting more efforts to retain talented employee and re-evaluate cost cutting measures as it can be counter productive.


  10. "Growth"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Process Manager in Los Angeles, CA
    Former Employee - Process Manager in Los Angeles, CA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Diversity is the bank's strength so you get to learn from extremely smart people.

    Cons

    Lots of redundancies and slow growth opportunities.

    Advice to Management

    Actively listen to ALL your employees especially the least paid.


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