Bank of America Reviews in New York, NY | Glassdoor

Bank of America New York Reviews

Updated November 17, 2017
760 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
322 Ratings

760 Employee Reviews

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  1. Helpful (140)

    "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. "Data Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Data Analyst in New York, NY
    Current Employee - Data Analyst 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 Work Environment
    Great Benefits and 401k match

    Cons

    Working with in house architecture and tools

  3. "Great culture"

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

    My time at BOA has been great. It’s a place with a wonderful culture. People who leave end up coming back.

    Cons

    Salary at the officer, AVP or VP level is not competitive in NYC tech. High management turn over leads to shifts in priority.


  4. "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


  5. "Financial Service Representative"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Center Operations Manager in New York, NY
    Former Employee - Financial Center Operations Manager in New York, NY
    Doesn't Recommend
    Negative Outlook

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

    Pros

    Now that I have interviewed at other companies (Banks) I actually have no pros

    Cons

    Vacation time is based on years at BOA and many other Banks offer PTO which starts at no less than 4 weeks a year.
    Bonuses are paid if you are working diligently toward your goal & not making it. Yearly review raises. Work, life balance is actually a priority not just talked about. When down sizing a position, they did it by Center not by capability.

    Advice to Management

    Know how to do what you expect your staff to do in order for them to grow. Understand they are people not just robots


  6. "Middle Management"

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

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

    Pros

    Good benefits including the ease of volunteering/helping the community and matching gifts. Also diversity events and ongoing training a major plus.

    Cons

    After many years of supporting the same area, not being able to internally transfer to another area to expand your scope/sharpen your skills if you are above a certain level.

    Advice to Management

    If you want to keep well trained middle management, suggest you immediately offer management/new team leader training during on-boarding or after a promotion as well as provide a mentor. Also having HR work with middle manager's more on possible areas to internally transfer so you can retain staff.


  7. "Investment Banking"

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

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

    Pros

    Good experience and lots of responsibility

    Cons

    Hours can be really tough

    Advice to Management

    Be better

  8. "Great Retail but thats what it is Retail"

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

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

    Pros

    -Best working hours of any bank
    -technology was top notch
    -co-workers and managers care about career development

    Cons

    -not much career development besides staying in financial center and maybe one day becoming a financial center manager
    -micromanagement at times
    -retail
    -goals are set so only half if that hit 100%
    -some have a bachelors degree even working on a MBA and don't want to continue working in retail but there was no way out

    Advice to Management

    -don't micromanage
    -allow for lateral movement out of the financial center


  9. "Very good place to work"

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

    Good working environment meaning not feeling the pressure even though there is plenty of work

    Cons

    Nothing that I have encountered yet.


  10. "Vice President"

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

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

    Pros

    - Great Benefits
    -Great Employee Networks

    Cons

    -Large company and very political


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