Bank of America Reviews in Los Angeles, CA | Glassdoor

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Bank of America Los Angeles Reviews

Updated January 11, 2018
308 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
143 Ratings

308 Employee Reviews

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Pros
Cons
  • No cons just your work life balance or culture depends a lot on the manager that runs the financial center (in 470 reviews)

  • High turnover of upper management (in 406 reviews)

More Pros and Cons

  1. "Quality Analyst"

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

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

    Pros

    The benefits are comparable with other home loan companies.

    Cons

    They downsize when the need apparent.


  2. "Good company, poor management"

    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
    Negative Outlook
    Approves of CEO

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

    Pros

    all kinds of resources to learn

    Cons

    only few bankers can meet the goal, 1 of 5th

    Advice to Management

    The goal is unrealistic

  3. "lock box"

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

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

    Pros

    great place to work at

    Cons

    location was in a busy place downtown

    Advice to Management

    global recognition


  4. "B of A"

    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
    Negative Outlook
    No opinion of CEO

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

    Pros

    Learn all aspects of banking. Consumer, business, and lending all are areas of focus. Working with a team to achieve goals.

    Cons

    No tools for success. Operating systems never work properly. Partners not available for achievement of goals.

    Advice to Management

    Provide proper tools to enable the ability to obtain goals.


  5. "Tiring "Continuous Change" with no end in sight ."

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

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

    Pros

    Great remuneration & benefits package

    Cons

    Tendency to make changes that achieve nothing except a rearrangement of those pesky deck chairs. Poorly run at the highest levels of management, resulting in stupid mistakes - loss of deep institutional knowledge due to layoffs. Whole departments gone the way of all things.

    Advice to Management

    Show some loyalty to your long-term employees. At times your cold clammy corporate heart can be glimpsed behind the curtains.


  6. "Excellent place to build a career"

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

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

    Pros

    Professional work environment, opportunity for growth, and supportive teammates.

    Cons

    Potential for layoffs depending on department.

    Advice to Management

    N/A


  7. Helpful (1)

    "Disappointing Management is Hurting Morale"

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

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

    Pros

    Some employees are able to work from home. Generous vacation (if you are able to take it)

    Cons

    Layoffs hurt morale. Employee treatment is uneven. Work life balance is promised, but not delivered.

    Advice to Management

    Constant restructuring, layoffs and poor management is bringing morale down. Complaints and issues are ignored. Not much room for advancement or pay increases.

  8. "Not that good"

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

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

    Pros

    quarterly bonus and 120 hours of vacation

    Cons

    Didn't get schedule for the week until the weekend before. No raise after being there for a few years. No advancement opportunities. No support for being short staffed.

    Advice to Management

    Build a better culture for employees. Lack of recognition and investment in employees.


  9. "Former Loan Mod employee"

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

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

    Pros

    Excellent training, excellent benefits and salary. Great team building exercises.

    Cons

    We were often expected to work Saturdays. We were told that we could only remain in a position for 2 years; if we did not advance rapidly, we were out of work.

    Advice to Management

    Some employees should remain in one position for longer that a year or two. This practice would lower the strain on the staff for the constant advancement; while creating expertise in your customer service. It would also lower the constant employee turnover; lowering the overhead of constant hiring and training new employees.


  10. "Not the best company to work for"

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

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

    Pros

    Easy job, not too stressful

    Cons

    Hard to move up, favoritism

    Advice to Management

    Be more mindful of lower level employees and their concerns along with the higher level ones


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