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

Bank of America New York City Reviews

Updated April 9, 2018
1,118 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
469 Ratings

1,118 Employee Reviews

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Pros
Cons
  • Bonuses Training Work life balance (in 489 reviews)

  • Communication with upper management can be difficult (in 432 reviews)

More Pros and Cons

  1. "Learn and Grow at a Major Institution"

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

    I have been working at Bank of America full-time (More than 8 years)

    Pros

    Excellent starting ground for a career. Superior training. World class deals. Access to C-suite client management. Excellent focus on LGBTQ issues and other diversity issues.

    Cons

    Large organization, in a regulated industry, which adds a level of bureaucracy to the work experience. Like all banks, work life balance for juniors and even mid-level staff can be challenging. Offset is high comp and interesting work.

    Advice to Management

    Add more mid-career training


  2. Helpful (178)

    "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. "Great team and culture"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Comp & Benefits
    • Senior Management
    Former Contractor - Principal Software Developer in New York, NY
    Former Contractor - Principal Software Developer in New York, NY
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    I can say about the Merrill Lynch part of BofA from Software Engineer perspective. Great team, great people to work with. Technical side is pretty diverse, with variety of approaches and technologies. I never have a boring experience here.

    Cons

    The WFC office a kind of outdated with 1970-sh desks, small kitchenettes and crowded bathrooms. Central office is much better. For some people the office space quality could be deal breaker, despite it is possible to make work place a little bit better with ergonomics package.

    Advice to Management

    Management is pretty good. I would just advise to improve all offices to moder standards with stand/sit desks and high ppi monitors.


  4. "hadoop admin"

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

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

    Pros

    I really like the work environment

    Cons

    i don't have any cons to mention

    Advice to Management

    no advises from my side


  5. "Business Analyst"

    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
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great Working Environment. Great Company to start your career, promote learning and growth of employees.

    Cons

    Not great bonus, benefits are not that great

    Advice to Management

    Improve Benefits package.


  6. "Foreclosure File Reviewer"

    StarStarStarStarStar
    • Career Opportunities
    Former Contractor - File Reviewer in Newark, NJ
    Former Contractor - File Reviewer in Newark, NJ
    Recommends

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

    Pros

    well trained upper management had strong relation ship and,interact with employees, good working environment ,met lots of professional co workers, had weekly meetings ,relating to job performance and product updates

    Cons

    did not have any comments for this area

    Advice to Management

    none


  7. "The Life According to Bonds."

    StarStarStarStarStar
    Former Employee - Municipal Bond Broker in Hoboken, NJ
    Former Employee - Municipal Bond Broker in Hoboken, NJ

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

    Pros

    Worked with a group of very professional people,great management,family like atmosphere.

    Cons

    Company was sold to a competitor with very little heads up to the employees.

  8. "High variance, really depends on the group you work in"

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

    I worked at Bank of America full-time (More than 5 years)

    Pros

    The investment bank is a great place to work - middle of the road among bulge bracket firms

    Cons

    Dealing with employees outside the investment bank (on the commercial banking side) can be quite painful because of the differences in culture


  9. "Qmap"

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

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

    Pros

    people are hardworking and knowledge

    Cons

    no Cons so far for this company


  10. "Developer"

    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

    I worked at Bank of America full-time (More than 5 years)

    Pros

    Flexible hours, friendly environment, ok benefit

    Cons

    No career development for engineer


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