Bank of America Reviews in Los Angeles, CA | Glassdoor

Bank of America Los Angeles Reviews

Updated July 14, 2018
329 reviews

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Los Angeles, CA

3.3
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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
148 Ratings

329 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. "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. "Creative Video Development"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Videographer/Editor in Los Angeles, CA
    Current Employee - Videographer/Editor in Los Angeles, CA
    Recommends
    Positive Outlook

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

    Pros

    Great vision for the development of creativity

    Cons

    Not too much activity sometimes

    Advice to Management

    Invest more in video and promotion

  3. "Relationship Manager"

    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
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great and lots of opportunity.

    Cons

    Sometimes recognition isn't giving when you did your best. You need to know the right people.


  4. "Great company in a never ending state of transformation"

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

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

    Pros

    Tools and resources provided are plentiful. Brand sells itself.

    Cons

    Stale outdated management and lackluster salary.

    Advice to Management

    Step up the compensation and focus on grooming the next generations rather than the existing non-preforming outdated leadership.


  5. Helpful (1)

    "small business banker"

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

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

    Pros

    great job with lots of opportunity to make money and work hard

    Cons

    lots of sales constantly needing to look for more business all about the numbers

    Advice to Management

    take care of your employees


  6. "Good place to work"

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

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

    Pros

    Great pay and benefits. Plenty of work/life balance

    Cons

    Constant change in reporting structures. Too many chefs and not enough Indians.
    Often new tings are rolled out and there are TONS of growing pains.

    Advice to Management

    Need to have technology available before trying to roll out new things.


  7. "No sense of loyalty at this bank."

    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
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Salaries are decent. Benefits are very good. Most positions start with 4 weeks of paid vacation and 10 days sick time.

    Cons

    You’re just a number. Extremely political and in a constant state of change. Re-orgs on a monthly basis and exec management is clueless. Unless you’re a politician, you will never survive. Massive and continuous layoffs that never end. There is no sense of stability or security whatsoever. Everyone is constantly on edge waiting for the next re-org, layoff or management change.

    Advice to Management

    Pay attention to the culture surveys. Stop pretending you care and take action to remove the middle and upper middle managers who do not share your vision. Stop the constant cycle of re-orgs, layoffs and more re-orgs.

  8. "Business Support Manager"

    StarStarStarStarStar
    Former Employee - Business Support Manager in Los Angeles, CA
    Former Employee - Business Support Manager in Los Angeles, CA

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

    Pros

    Good Benefits, vacation, exposure to all aspects of the business

    Cons

    Middle management can be difficult to deal with


  9. Helpful (2)

    "Plug and play high volume sales mired by compliance"

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

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

    Pros

    Good salary, benefits, and challenging evolving work environment.There is a good potential for lateral or upward mobility if you are a consistent performer and there is potential for bonuses on a quarterly basis.

    Cons

    Not for folks with families. There is no work life balance. Very mundane hours. 9-6. You will be one Merrill rep within a Bank of America branch and are seen as an outsider so you have to work really hard to win peoples trust which you have to do as you depend on the bank associates for client referrals which is the main way you will meet your goals. The problem is the bank associates are not properly incentivized to refer to Merrill Edge FSA’s. There are cliques and gossip queens everywhere. Do not upset the wrong people as they will make false things up to management or HR to ruin your reputation and try to get you terminated. Very stern work environment. Expectations to perform are very high. I could not leave the bank for a break without the bank staff getting upset which caused me to stop taking breaks. Overtime is not compensated.

    Advice to Management

    Adapt to evolving work environment of your FSA’s more quickly. Listen to their feedback instead of passing it off as complaints. Treat your FSA’s like executives instead of like problem making pupils. Be mindful of what you say and the tone in which you say it as you want FSA’s to have the same mindfulness with clients and bank staff. Spend the money once and for all to license your bank staff so you can incentivize the bank employees to make investment referrals.


  10. "Account Manager"

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

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

    Pros

    Standard Operating Procedures are highly established.

    Cons

    Not much movement for career ladder


Showing 329 of 19,596 reviews
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