Bank of America Reviews in New York, NY | Glassdoor

Bank of America New York Reviews

Updated April 21, 2017
694 reviews

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New York, NY

3.4
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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
282 Ratings

694 Employee Reviews

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Pros
Cons
  • Work/life balance can trend exceedingly work-heavy (in 413 reviews)

  • Communication from upper management to floor not consistent" (in 365 reviews)

More Pros and Cons

  1. "Global Research"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Global Research Analyst in New York, NY
    Former Employee - Global Research Analyst in New York, NY
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Luxurious environment full of perks

    Cons

    People were on the spectrum and had little capacity for friendship

    Advice to Management

    It's not all about the work


  2. "Good company"

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

    Good people, good culture, good company

    Cons

    Nothing really bad to say. I had a good experience.

    Advice to Management

    Make it easier to get promoted from within rather than hiring externally.


  3. "okay place to be"

    Star Star Star Star Star
    Former Employee - Intermediate Financial Analyst in New York, NY
    Former Employee - Intermediate Financial Analyst in New York, NY

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

    Pros

    lots of growth opportunities, decent place to be.

    Cons

    sometimes to large for a great environemtn

    Advice to Management

    focus more on employees


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  5. "Only value is how many widgets you can sell, doesn't matter if clients need them!"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Small Business Banker in New York, NY
    Former Employee - Small Business Banker in New York, NY
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Benefits are excellent, good salary and inventive plan. They have good products and technology if customers fit in box.

    Cons

    Small Business Bankers are required to sell widget after widget and move on, it's like being a used car salesman, the ones with the bad reputation!

    Advice to Management

    Stop micro managing employees.


  6. "IB Analyst"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investment Banking Analyst in New York, NY
    Current Employee - Investment Banking Analyst in New York, NY
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    Great exposure to wide-ranging, industry changing deals that you get to experience from point A to point Z (though with tons of layers in between)

    Cons

    Lack of exposure to senior management, lack of exposure to clients, often times doing menial tasks for pitches that do not really matter

    Advice to Management

    Make your analyst level employees feel more engaged by including them in client meetings and interactions with the outside world


  7. "Analyst"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • 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 full-time (More than a year)

    Pros

    Culture was great, everyone very friendly

    Cons

    Long hours, people get competitive at times/snippy - need to weed out bad apples
    Layoffs made things nervewracking


  8. "Great place to start your career"

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

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

    Pros

    -Big company so a lot of opportunities to grow within the firm
    -Great place to start career as there are many L&D opportunities
    -Great exposure to senior leadership as a recruiter

    Cons

    -Work life balance at times can be a bit rough, especially during busy season
    -Compensation below market


  9. "Teller"

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

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

    Pros

    The company has good benefits

    Cons

    - High turnover rate
    - Constant changes
    - It's not exactly competitive with the market

    Advice to Management

    A lot of favoritism and a lot of a** kissing in order to move up.


  10. "Management can do better"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Applications Support in New York, NY
    Current Employee - Applications Support in New York, NY
    Recommends
    Approves of CEO

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

    Pros

    They match your Roth contributions, care about their employees and if you know the right people your career can move up rapidly.

    Cons

    Hire more women on the technology side and help them grow

    Advice to Management

    Train the managers, some have no clue on how to lead and how to help their employees grow in their career.


  11. "Best bank culture"

    Star Star Star Star Star
    • 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
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Good people overall, challenging work, great culture (people who come from other banks agree), great benefits like 401k and health insurance plans/credits

    Cons

    Too much work, too little resources, you could be doing the work of 2 or 3 person worth. work life balance depending on team but not ideal

    Advice to Management

    Less layering


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