Bank of America Reviews in New York, NY | Glassdoor

Bank of America New York Reviews

Updated September 21, 2017
741 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
311 Ratings

741 Employee Reviews

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  1. Helpful (97)

    "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. "Upper Level doesn't get involved with lower level"

    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
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I have been working at Bank of America full-time (More than 10 years)

    Pros

    Big company with a lot of perks. Many discounts offered and employee banking is a huge plus.

    Cons

    Senior Leaders make decisions on positions but were never in the trenches with the employees they lead.

    Advice to Management

    Promote from within more. You have people that want to move up. You have already invested in employees with training. Use them!

  3. "Vice President - Technology"

    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
    Recommends
    Approves of CEO

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

    Pros

    Healthy work environment with very employee friendly HR policies and good benefits.

    Cons

    Too frequent reorganizations and changes to operating structure.


  4. "Good company"

    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
    Positive Outlook
    Approves of CEO

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

    Pros

    Promotes from within, and cares about employee career goals and line of business preferences. Leadership typically knows what they are doing, and they are able to distill corporate jargon into actionable objectives.

    Cons

    It's a big company, so there is lots of Koolaide to drink. Employees at this level are usually working a job, not a career.

    Advice to Management

    Digital initiative are good, and very important for the future of the company, but they should not come at the expense of the associates.


  5. "Great benefits and work life balance"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President - Financial Solutions Advisor in New York, NY
    Former Employee - Vice President - Financial Solutions Advisor in New York, NY
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Great benefits and work life balance and some great managers who Care at lower levels, however are pushed along by different focuses every other week that can be difficult to track when changed so often.

    Cons

    Upper management seems disconnected to the pulse in the centers. They give up on a strategy to quickly to see if it has any real effect.

    Advice to Management

    Pick a strategy and stick with it , giving it a chance before giving up and moving onto a different transformation. Change is good but to much change is not.


  6. "Quant Associate"

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

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

    Pros

    Easy access to the leadership

    Cons

    Hard to move within the bank


  7. "Good environment, smart people"

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

    Smart people, hardworking environment, fast-paced

    Cons

    Sometimes moving quickly or sending 5 drafts is substituted for critical thought about an issue

    Advice to Management

    Relax on timelines and be more open to questioning from subject matter experts. Trust the team.

  8. "Prime Brokerage Margin & Risk Analyst"

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

    I worked at Bank of America full-time (More than 5 years)

    Pros

    Perks of working at a big corporate such as holidays, benefits.

    Cons

    Too corporate, such a big machine, takes long time to get things done.


  9. "A bit political, but in general a very robust business"

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

    Pros

    Large platform with lots of internal opportunities. You can move to other functions or platforms without going through full recruiting process

    Cons

    You can see political plays a lot, and supporting function is not always great. Pay is at industry average, but I have heard people getting laid off before


  10. Helpful (1)

    "Investment Banking"

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

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

    Pros

    Huge client coverage - The Managing Directors within the firm have relationships with every Fortune 500 company
    The One Bryant Park building is gorgeous

    Cons

    Internal organization is off after the merger with Merrill Lynch

    Compliance and HR could be more polished

    Advice to Management

    After the company finishes up paying all of its fines in court from financial crisis lawsuits, I hope it focuses on improving employee engagement satisfaction


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