Bank of America Reviews in Memphis, TN | Glassdoor

Bank of America Memphis Reviews

Updated July 16, 2017
8 reviews

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Memphis, TN

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

8 Employee Reviews

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Pros
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More Pros and Cons

  1. "Entry level"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Entry Level in Memphis, TN
    Former Employee - Entry Level in Memphis, TN
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Always interested to interact with the people

    Cons

    Work is worship so no cons related to work

    Advice to Management

    No comments


  2. Helpful (2)

    "A great company to work for."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - FCOM in Memphis, TN
    Current Employee - FCOM in Memphis, TN
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    BOA offers so many great benefits. For example, 4 months paid maternity or paternity leave, up to 10 days paid sick days a year. Top notch insurance companies. And I could go on and on.

    Cons

    Promotions within the company are tough to attain. Local management tends to hire personnel they personally know from their previous employment somewhere else rather than promote within, their well qualified personnel.

    Advice to Management

    We know that the staffing has been and continues to be reduced as we find better ways for our clients to do business. Especially because of this, give your loyal, well qualified, internal associates the opportunity to keep growing. We know the business and are familiar with our clients.

  3. "Executive leadership not invested in the employees but rather the results"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Center Operations Manager in Memphis, TN
    Former Employee - Financial Center Operations Manager in Memphis, TN
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    The schedule and paid holidays allowed for fairly decent work and home life balance respectively as well as the paid time off

    Cons

    Lack of support, unfair or inconsistent treatment of employees and retail leadership, bonus structure for leadership is extremely minimal in comparison to other roles within the organization

    Advice to Management

    Invest in your people, support your retail teams, be fair and consistent across the board with treatment of all employees


  4. "Merrill Lynch Banking Advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Memphis, TN
    Current Employee - Anonymous Employee in Memphis, TN
    Doesn't Recommend
    Negative Outlook

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

    Pros

    Enjoy working with Financial Advisers and their clients to provide both cash management and lending advise

    Cons

    Job is being changed to a mortgage originator and moving away from Banking Relationship Manager


  5. "Personal Banker"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Personal Banker * in Memphis, TN
    Current Employee - Personal Banker * in Memphis, TN
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Great team work and partnerships

    Cons

    Demanding goals staff is decreasing by the hour


  6. "good environment, nice people"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in Memphis, TN
    Current Employee - Analyst in Memphis, TN
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    benefits, bonus, the people and the work

    Cons

    the hours, the higher management


  7. "Great company and benefits"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Teller Operations Specialist in Memphis, TN
    Current Employee - Teller Operations Specialist in Memphis, TN
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Love the benefits, salary, work community, just overall. Flexibility to transfer if you are moving don't have to worry about losing your job.

    Cons

    My position as a Teller Operations Supervisor was eliminated, but I got to keep my salary and still work just back as a teller

    Advice to Management

    Provide quality communication. Some markets don't.

  8. "Bank of America just "OK'"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Personal Banker in Memphis, TN
    Current Employee - Personal Banker in Memphis, TN
    No opinion of CEO

    Pros

    You get a fair amount of respect. You start out with two weeks paid vacation. You get 14 sick days a year.

    Cons

    The recently changed their incentive plan and it has drastically altered everyone's income because they have skewed the numbers in their favor and employees that have always funded are now not able to do so. I will look for another employer for this reason.

    Advice to Management

    Try to hold on to your BEST employess.


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