Bank of America Reviews in New York City, NY | Glassdoor

Bank of America New York City Reviews

Updated August 19, 2017
1,017 reviews

Filter

Filter

New York City, NY Area

3.5
StarStarStarStarStar
Rating TrendsRating Trends
Recommend to a friend
Approve of CEO
Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
429 Ratings

1,017 Employee Reviews

Sort: PopularRatingDate

Pros
Cons
More Pros and Cons

  1. Helpful (70)

    "You'll need to manage your career there from day one"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President Technology Manager in New York, NY
    Current Employee - Vice President Technology Manager in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Stable, depending on manager you get a lot of support. Lots of benefits and resources at the corporate level. A friendly and collaborative environment that is less cut throat and better work life balance than the rest of the street.

    Cons

    Depends on manager, too much management, a lot of things need to get done but some managers are always looking for resources to manage but won't roll up their sleeves. You don't always have a well defined career plan if your manager needs you in your current position.

    Advice to Management

    HR and senior management need direct dialogues with employees, people are too dependent on personality, opinion and advice of their direct manager who will put their personal needs over the needs of the firm.


  2. "Great company to work for"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Teller in Somerville, NJ
    Former Employee - Teller in Somerville, NJ
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Management is on top of things & benefits are great. As long as you do your job you'll be fine.

    Cons

    None that I can really think of. Like I said before as long as you do your job you'll be fine.

    Advice to Management

    Keep doing what you're doing.

  3. Helpful (2)

    "Solid Big Bank"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Software Developer in Jersey City, NJ
    Former Employee - Senior Software Developer in Jersey City, NJ
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Good work culture, decent salary and benefits. Some training provided.

    Cons

    Technology is being revamped. Any one joining the legacy groups is in danger of getting terminated. A lot of Technology work is being outsourced. You have to work with staff that are not BoFA employees - this creates some friction as they are under a different payscale and different work culture

    Advice to Management

    Hire more U.S based quality employeed. Do not look to cut costs with outsourced companies


  4. "Csr"

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

    I have been working at Bank of America part-time

    Pros

    Benefits , sundays off and closing early saturdays.

    Cons

    Only 20 hrs for a teller

    Advice to Management

    If you guys have a 20 hr teller working 30 hrs give them 30 hr vacation


  5. "Software Engineer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Software Engineer in Jersey City, NJ
    Former Contractor - Software Engineer in Jersey City, NJ
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Project Lead was knowledgeable and helpful

    Cons

    Manager was not particularly good with people.


  6. Helpful (1)

    "Investment Banking"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Huge client coverage - The Managing Directors within the firm have relationships with every Fortune 500 company
    The One Bryant Park building is gorgeous

    Cons

    Internal organization is off after the merger with Merrill Lynch

    Compliance and HR could be more polished

    Advice to Management

    After the company finishes up paying all of its fines in court from financial crisis lawsuits, I hope it focuses on improving employee engagement satisfaction


  7. "Great"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Intern - Intern in New York, NY
    Current Intern - Intern in New York, NY

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

    Pros

    Amazing work culture and people

    Cons

    Not great intern perks and limited opportunity

  8. "Boring job, friendly people"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Officer in New York, NY
    Former Employee - Officer in New York, NY
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    Friendly people. Can learn a lot. Few long working hours. Very good 401k match. Give new joiners time to learn

    Cons

    Politics, favoritism , very boring job, no growth. They don't encourage switching to other projects or teams unless you know someone. Promotions are based on popularity

    Advice to Management

    Appreciate people for what they do instead of who they know


  9. "VP"

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

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

    Pros

    Very good company to work for

    Cons

    Do not have any cons


  10. "Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Great pay, lots of resources

    Cons

    Long hours, some managers are difficult to work with


Showing 1,017 of 16,759 reviews
Reset Filters