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

Bank of America New York City Reviews

Updated January 6, 2018
1,068 reviews

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New York City, NY Area

3.6
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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
455 Ratings

1,068 Employee Reviews

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  1. Helpful (165)

    "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. Helpful (3)

    "Good company overall"

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

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

    Pros

    The company has great benefits. Employees can take up to 16 weeks for paid parental leave when they have a new child (or when adopting one). The rest of the benefits are on par or better than the industry standards.

    The company also pays much better than most other major banks when it comes to base salary pay.

    Cons

    The biggest issue I have with the company is that it has a very aggressive sales culture and sellers are expected to meet their goals every month regardless of any time off taken. If a seller ends below the company's minimum criteria the employee faces possible termination.

    Other than that, my only other issue is that incentives are paid quarterly and often times a bad month means no payout at all for that quarter.

    Advice to Management

    Consider adjusting goals for employees based on the number of days worked. For instance, if an employee takes a week off in a given month, then reduce the goals by 1/4 so the employee can take the time off without stressing about not making goals.

    Another thing I would suggest is changing the incentives payouts to a monthly base, instead of quarterly. It's more rewarding to the employee getting an extre payout every month than having to wait three months. And the employees could bounce back much easier after a bad month.

  3. "Driver"

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

    I have been working at Bank of America as a contractor (More than 5 years)

    Pros

    I love their work

    Cons

    I don't have any cons

    Advice to Management

    Employee competent workers who love their job


  4. "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
    Positive Outlook
    Approves of CEO

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

    Pros

    Great Salary for the Position
    9-6 Schedule good work/lief balance
    Great benefits
    Good commission structure
    Easy position when you know how to do it

    Cons

    -Banks offer a host of products but incentivize greatly on only a one or two.
    - No culture. Very little is done to unite everyone as a team as compared to other companies. If you get hired. You should bring this to the company.
    - Large company. Advancement opportunities come if people leave.

    Advice to Management

    Great position to learn about sales and the financial lives of everyday people. Create a company culture and values that you live by.


  5. "Great Company"

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

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

    Pros

    Great Benefit overall, Yearly Bonus if it's a great year.

    Cons

    Sometimes Lack Staff and unorganized environment


  6. "Overall what you expect"

    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
    Approves of CEO

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

    Pros

    All the benefits of working at a large corporation and having the firm's name on your resume.

    Cons

    Big corporation calls for heavy regulation and strict policies. Little room to make a difference other than to just do your job and be apart of the corporate world.


  7. "Intern"

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

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

    Pros

    Great company. Definitely want to stay for full time job

    Cons

    Not available. Everything is great

    Advice to Management

    Keep what you are doing

  8. "Good place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Senior Software Engineer in Jersey City, NJ
    Current Contractor - Senior Software Engineer in Jersey City, NJ
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Have very good work -personal life balance.

    Cons

    Doesnt have very good trending technologies


  9. "Associate"

    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 (More than a year)

    Pros

    Incredible resources brought by a very large institution

    Cons

    A very large institution imposes a lot of obstacles and bureaucracy

    Advice to Management

    Analysts and associate are constantly overworked


  10. "Excellent bank to work with"

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

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

    Pros

    Good culture, great learning opportunities

    Cons

    Insurance premium is high & 401k matching is very less


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