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

Bank of America New York City Reviews

Updated December 6, 2018
1,167 reviews

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New York City, NY Area

3.5
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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
500 Ratings

1,167 Employee Reviews

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Pros
Cons
  • "Work/Life balance can be overwhelming" (in 515 reviews)

  • "Lack of communication in upper management" (in 448 reviews)

More Pros and Cons

  1. "Interest Rate Derivatives Desk Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Rates and Repo Desk Analyst Developer in New York, NY
    Current Contractor - Rates and Repo Desk Analyst Developer in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Bank of America as a contractor (Less than a year)

    Pros

    Great contact with the trading desk, first-hand exposure to the business, and excellent management.

    Cons

    Lack of remote access for a contractor, to help push projects along when OOO.

    Advice to Management

    Nothing necessary with respect to management advice, I definitely have a great pair of managers.


  2. "Financial center manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financical Center Manager in Newark, NJ
    Current Employee - Financical Center Manager in Newark, NJ
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great company, cares for their employees, likes to promote from within

    Cons

    Being such a large company sometimes it hard to find the correct departments for certain things. Instead of taking ownership people get passed along.

  3. "Relationship Manager"

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

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

    Pros

    Competitive incentive plan. Great training program

    Cons

    Very sales driven. Pressure of meeting goals


  4. "Assitant Vice President"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President in Brooklyn, NY
    Current Employee - Assistant Vice President in Brooklyn, NY
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Good work life balance. Few times it can be stressful depending on the team.

    Cons

    pay is average. employee benefits are not too great.


  5. "Investment Banking Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investment Banking Analyst in New York, NY
    Current Employee - Investment Banking Analyst in New York, NY
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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

    Pros

    Great Lifestyle, pay and bonus

    Cons

    long hours and mean people

    Advice to Management

    Be nicer, just because you make a lot of money doesn't mean you can be mean


  6. "Software Dev"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Software Engineer in New York, NY
    Former Contractor - Software Engineer in New York, NY
    Recommends
    Approves of CEO

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

    Pros

    Laid back, great pay, nice quiet people

    Cons

    Really slow pace, too bureaucratic, legacy system


  7. "Sales and Services Specialist"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Sales & Service Specialist in New York, NY
    Former Employee - Sales & Service Specialist in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    The best part of my job was my coworkers.

    Cons

    No work-life balance. Rare opportunity for growth. Outdated systems

  8. "Director"

    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
    Positive Outlook
    Approves of CEO

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

    Pros

    Good work life balance with reasonable salary

    Cons

    Some people are not sharp and bureaucratic.


  9. "Good Not Great."

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

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

    Pros

    Very strong in promoting from within as long as you show initiative and desire to advance. Support is there depending on your FC location.

    Cons

    Technology is really old,. Too many systems for simple transactions. No bonuses and incentives for CSR's. Full-time workers only get 30 min break for some reason. Some locations do not use cash machines behind the teller window, which makes it more difficult for tellers to provide service at busy times. Goals are set too high considering the traffic experienced in the FC location. Low pay when compared to banks like Chase, TD Bank, Wells Fargo, Citi, etc.

    Advice to Management

    Invest in a better system for tellers. Bring back incentives, it can only benefit the company.


  10. "Vice President (Tech)"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President - Technology in New York, NY
    Current Employee - Vice President - Technology in New York, NY
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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

    Pros

    Big corporate so there is always a wide variety of stuff happening.. Which is cool.

    Cons

    The compensation numbers are not at industry levels and that's why they are losing a lot of talent.

    Advice to Management

    Fix the compensation structure or you'll keep losing good people.


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