Bank of America Reviews in New York, NY | Glassdoor

Bank of America New York Reviews

Updated January 17, 2019
862 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
371 Ratings

862 Employee Reviews

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Pros
Cons
  • "No work-life balance when you work 6 days a week" (in 520 reviews)

  • "Don't get a lot of support from upper management" (in 453 reviews)

More Pros and Cons

  1. "Progammer"

    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 (More than 3 years)

    Pros

    very good work life balance

    Cons

    low compensation and year end bonus


  2. "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.

  3. "Challenging but"

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

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

    Pros

    One of the biggest pros to working at a large firm is the diversity of people that you meet through corporate events. Additionally, individuals on the Global Markets Risk team are generally all well-connected and are more than willing to meet for drinks/discuss things outside of work.

    Cons

    One of the cons is that the sheer enormity of the bank makes it difficult for one to fully understand how one's work plays into the larger picture of the bank's functions. It is not uncommon to get 'lost in the cogs' at such a large place, although managers and other teammates are generally effective and grounding one's work.


  4. "Pleased"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Center Operations Manager in New York, NY
    Current Employee - Financial Center Operations Manager in New York, NY
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Bank of America part-time

    Pros

    - Definite opportunity to progress through the retail
    Banking arm
    - Amazing training program
    - Systems are user friendly (for the most part)

    Cons

    - Experience can differ from market to market

    Advice to Management

    Please stop having so many issues with our sales platform systems. Errors tend to be the norm, and reporting issues involves a extremely long phone call, and associates don’t want to waste precious sales time, so issues don’t get reported.


  5. "Great experience learned a lot"

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

    Pros

    deal flow, large firm with reach

    Cons

    Long hours, beaurocratic, lots of layers


  6. "A good place for early career expouser , but more toxic as you rise"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President Senior Business Leader in New York, NY
    Former Employee - Vice President Senior Business Leader in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Large platform, access to many offerings.

    Cons

    Senior management team seems to be always at odds with one another resulting in a distrusting culture of associates below. The lines of business are often disconnected and without a true singular enterprise objective. Band 3-1 managers are often good to task, but lack leadership skills- there is little development/growth opportunity for bands 4 and above who are often punished for seeking better opportunities.

    Advice to Management

    Stop the infighting at the senior leadership level and look for a leader(s) who can bring teans together for a common cause versues a “gotcha” competition style leadership.

    Spend time developing emerging leaders and promote them to other lines of business, don’t punish them with poor work environments/rateings because they want to improve. Reward those who are innovative, do not stifle their progress by adding layers of opinions from lines of business/support staff who really have no stake in the work other than self precived importantance. Progress is often stifled by prolonged meeting cycles with middle managers who have no programmatic impact other than a self-perceived need to know. Empower decision makers, don’t handcuff them.


  7. "Summer Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Summer Associate in New York, NY
    Former Intern - Summer Associate in New York, NY

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

    Pros

    Great experience and friendly culture.

    Cons

    The bank is very large and has a large scope.

  8. "Good"

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

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

    Pros

    Learning and participation oportunities
    Mentoring and team work

    Cons

    The work and life balance


  9. "Reporting"

    StarStarStarStarStar
    Former Employee - Assistant Vice President in New York, NY
    Former Employee - Assistant Vice President in New York, NY
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    None that I could think of

    Cons

    Lack of leadership in management


  10. "Relationship Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Relationship Manager in New York, NY
    Current Employee - Relationship Manager in New York, NY
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Competitive incentive plan. Great training program

    Cons

    Very sales driven. Pressure of meeting goals


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