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

Bank of America New York City Reviews

Updated August 6, 2018
1,139 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
482 Ratings

1,139 Employee Reviews

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Pros
Cons
  • "Work/Life balance can be overwhelming" (in 496 reviews)

  • "Communication with upper management can be difficult" (in 437 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. Helpful (188)

    "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.

  3. "In Corporate America"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Operations Supervisor in Woodcliff Lake, NJ
    Former Employee - Operations Supervisor in Woodcliff Lake, NJ
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Flexibility, Compensation, Positive Environment, Organized. and PTO vacation and sick

    Cons

    Pay raises seldom to none and low targeted. Pushing sales products on customers.

    Advice to Management

    Keep up the good work!


  4. "Software engineer"

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

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

    Pros

    Great joining bonus. good project for interns

    Cons

    lots of bureaucracy. work life balance is poor.


  5. "Associate"

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

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

    Pros

    Deal flow, interesting / diverse transactions

    Cons

    Grind; senior bankers; feedback system is inadequate

    Advice to Management

    Change the culture to curb junior banker attrition


  6. "Good firm to work for"

    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

    A lot of different opportunities and very diverse

    Cons

    Very Bureaucratic & political but it comes with the territory


  7. "Good benefits, culture, work; lacking career development/training"

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

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

    Pros

    Work is interesting, people are generally very friendly, reasonable hours and expectations. Not political; can definitely move up.

    Cons

    Many of our employees were shuttled downtown effectively isolating our team from the rest of the bank. There is a general lack of effort to both educate and care for their employees' financial education and career aspirations. It feels as if they are suffocating our growth.

    Advice to Management

    Get all teams together in the same building or close-by. Force managers to have career conversations and generally be open to learning and career development.

  8. "SVP"

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

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

    Pros

    Best bank in the market.

    Cons

    Bureaucracy, still a big bank with heavy regulatory oversight.


  9. "Business Analyst / Project Manager Role"

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

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

    Pros

    The culture is great; people generally like to work together

    Cons

    The organization is very big; sometimes lacks engagement


  10. "Average"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - FCM in New York, NY
    Current Employee - FCM in New York, NY
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

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

    Pros

    Good salary, good team environment

    Cons

    No work life balance

    Advice to Management

    Hold every associate accountable not just the managers.


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