Bank of America Reviews in New York, NY | Glassdoor

Bank of America New York Reviews

Updated March 22, 2019
884 reviews

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New York, NY

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

884 Employee Reviews

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  1. "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


  2. "Great Place to work!"

    StarStarStarStarStar
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY

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

    Pros

    work/life balance, great leadership, room for growth

    Cons

    money is not market value in NYC

  3. "FMAP"

    StarStarStarStarStar
    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 (More than a year)

    Pros

    BofA is a great place to work

    Cons

    BofA makes it easy to move around


  4. Helpful (1)

    "Typical Banking Industry"

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

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

    Pros

    - well known global bank
    - finance program allowed to rotate within several groups to support different products/services (I was fortunate enough to be in good groups, I know some of my peers were not.)
    - managers looked after me for performance review purposes
    - frequent finance events allowing analysts to network with higher-ups
    - really focuses on building the future leaders in finance

    Cons

    - already a well-established bank, so no innovative or creative projects
    - constant cost-cutting so computers run slow when dealing with large data
    - your typical corporate banking culture

    Advice to Management

    Time's changed. Technology is running the world. Maybe focus on creating a more vibrant, techie-culture in the offices and offer more room for growth. Little things like these will make a world of difference to your employees.


  5. "Great Place to Work"

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

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

    Pros

    -Great benefits
    -Lots of opportunity to grow
    -Great balance of work life and social life

    Cons

    -Communication through the company could be blurry.
    - There can be long days


  6. "Higher expectations"

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

    I worked at Bank of America part-time (Less than a year)

    Pros

    Dynamic environment for any beginning teller. They expect a lot, but in a healthy way.

    Cons

    Branch cultures vary, but that’s obvious.


  7. "Very dependent on deal flow"

    StarStarStarStarStar
    Former Employee - Investment Banking Associate in New York, NY
    Former Employee - Investment Banking Associate in New York, NY

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

    Pros

    Training Program is good. Good culture among junior people

    Cons

    You have to really work to get put on live deals. Depending on your group, with bad luck you could be just pitching your whole first year

  8. "Competitive, hierarchical, good benefits"

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

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

    Pros

    Great benefits. Significant internal opportunity for internal mobility. Good access to learning and development.

    Cons

    Culture varies depending on city and line of business. I worked in Human Resources in New York and the environment was very competitive and hierarchical. Disconnect between senior leadership and middle management/individual contributors. Culture discouraging disrupting status quo, does not value innovation or creativity unless in line with existing strategic initiatives.

    Advice to Management

    Get to know your more junior talent and seek their input and expertise when making strategic decisions. Provide more leadership training. Encourage executives and managers to speak up with concerns, listen, and value those who disrupt the status quo for the sake of improvement.


  9. "Good environment with helpful/resourceful co-workers."

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

    Good environment with helpful/resourceful co-workers.

    Cons

    Hours can be demanding and salaries only average.


  10. "Good Company to work for"

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

    Career mobility, caring people, thoughtful initiatives

    Cons

    None at all its been great


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