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

Bank of America New York City Reviews

Updated February 11, 2019
1,190 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
513 Ratings

1,190 Employee Reviews

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Pros
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  1. "Friendly and diverse"

    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 part-time (Less than a year)

    Pros

    They have many opportunities in different fields.

    Cons

    Some of them are very restricted


  2. "Overview of my employment in BoA"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Program Development V in Jersey City, NJ
    Former Contractor - Program Development V in Jersey City, NJ
    Recommends

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

    Pros

    Great team, work environment, nice place to work

    Cons

    Minimal chance of conversion in employee

    Advice to Management

    Work harder on conversion of the key people on team

  3. "Great Learning Experience"

    StarStarStarStarStar
    Former Contractor - Executive Assistant in New York, NY
    Former Contractor - Executive Assistant in New York, NY

    I worked at Bank of America as a contractor

    Pros

    Great people
    fast paced
    learned a lot about technology and trading

    Cons

    Hard to get converted from contractor to permanent


  4. "Great"

    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

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

    Pros

    nice experience and nice working environment

    Cons

    hard questions to answer and tricky


  5. "Good benefits"

    StarStarStarStarStar
    Current Employee - Vice President Sales in New York, NY
    Current Employee - Vice President Sales 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

    Nice people and mission statement

    Cons

    Long hours sometimes work weekends


  6. "tough culture"

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

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

    Pros

    Large company with great benifets

    Cons

    the culture is very hierarchical


  7. "financial advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor in Bridgewater, NJ
    Former Employee - Financial Advisor in Bridgewater, NJ
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    pay was decent for position

    Cons

    way too many bosses. micro managed. position duties kept changing.

  8. "Hierarchical, inefficient processes, easy to stand out if you work hard and make process improvements"

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

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

    Pros

    Interaction across several groups within the business (operations, technology, risk, front office), several opportunities to get involved in projects and break up the day to day

    Cons

    Inefficient processes, mismanaged offshoring, political, bad management

    Advice to Management

    Better oversight of the offshoring process, monitor workload across teams, improve hiring practices to attract strong performers, establish a better culture- much more emphasis is placed on mistakes rather than recognizing a job well done, ingraining the message “everyone is replaceable” is not motivating to employees


  9. "GT&O is a real outdated dog"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Product Manager, Technology in New York, NY
    Current Employee - Product Manager, Technology in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    generous PTO at VP level

    Cons

    *comp/bonus for top skill technologists is extremely uncompetetive
    *internal tech talent is consequently unmotivated/ lazy/ has outdated skills
    * the only ppl that stick around are H1B visa slaves who can't move
    *company is really behind on agile transformation
    *no fresh talent, outdated dinosaur old-timers with outdated skills hang around like albatross around neck and prevent any good progress
    *applications and technologies are outdated, 15+ years beyond expiration date
    * sad looking tech offices that have not been revamped or renovated in last 15 years
    * average IQ of thech workers here is equivalent to that of MickeyD servers

    Advice to Management

    fire Cathy Bessant and get someone who is more on top of, and in-tune with modern technologies
    Cathy keeps bank technologies in stone age.
    BofA will never catch up w/ JP Morgan Chase technology


  10. "On par health benefits for a large corporation. Paternity leave is the best benefit."

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

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

    Pros

    Strong emphasis for employees to give annual survey feedback on areas of improvement for employee satisfaction. There are good attempts of follow through but could go further.

    Cons

    Speaking for technology, the company lacks will and budget for career development or learning new tools.

    Advice to Management

    Commitment for training and employee development will strengthen every area of technology.


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