Bank of America Reviews in New York, NY | Glassdoor

Find your next job here

Bank of America New York Reviews

Updated February 11, 2018
792 reviews

Filter

Filter

New York, NY

3.6
StarStarStarStarStar
Rating TrendsRating Trends
Recommend to a friend
Approve of CEO
Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
334 Ratings

792 Employee Reviews

Sort: PopularRatingDate

Pros
Cons
  • Sometimes it can be difficult work/life balance (in 477 reviews)

  • terrible upper management leads to many people leaving the company (in 413 reviews)

More Pros and Cons

  1. "Intern"

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

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

    Pros

    Great company. Definitely want to stay for full time job

    Cons

    Not available. Everything is great

    Advice to Management

    Keep what you are doing


  2. Helpful (173)

    "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.

  3. "Application Develper"

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

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

    Pros

    Good Work Culture,New technology to learn.

    Cons

    Have don't have Cubes, You might have to work on infrastructure like Trading floors.


  4. "Behind the industry"

    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
    Doesn't Recommend
    Neutral Outlook

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

    Pros

    Decent worklife balance, solid mid-level management

    Cons

    Executive disconnect with work processes, political dynamics between HR/LD/business

    Advice to Management

    Focus on fixing the company and ROI, instead of jumping to fulfill all requests form the business


  5. "Director"

    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 5 years)

    Pros

    High quality staff, professional work environment, team-oriented

    Cons

    System integration leads lots to be desired


  6. "Typical bank, good work environment"

    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

    There is a lot of mobility within the bank so opportunities abound if you do a good job. Work life balance is pretty decent. There is a strong culture of managing risk in a specific way.

    Cons

    As expected, there is a fair amount of politics. There are some processes that are heavy and some work to streamline is required.


  7. "Decent place"

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

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

    Pros

    Good pay, good work life balance

    Cons

    A lot of pressure to sell

  8. "Not a great experience"

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

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

    Pros

    FMAP training Program was "ok"

    Cons

    Negative image in media, massive layoffs

    Advice to Management

    Better Pay; More work life balance


  9. "Need more transparency on org change and compensation"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President Operations & Technology in New York, NY
    Current Employee - Vice President Operations & Technology in New York, NY
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Good work life balance, great networks for employees - military, women, Hispanics etc. Company is heavily involved in giving back to the community

    Cons

    Very little transparency to compensation and organizational changes; org changes happen often; lack of continuity in leadership makes it difficult for focused, value add work to be done

    Advice to Management

    Provide transparency and clear path for your employees. Continue to cut costs - too much fat in certain areas. Focus on hiring for actual need and not to appease a MDs thirst for empire building


  10. Helpful (3)

    "Good company overall"

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

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

    Pros

    The company has great benefits. Employees can take up to 16 weeks for paid parental leave when they have a new child (or when adopting one). The rest of the benefits are on par or better than the industry standards.

    The company also pays much better than most other major banks when it comes to base salary pay.

    Cons

    The biggest issue I have with the company is that it has a very aggressive sales culture and sellers are expected to meet their goals every month regardless of any time off taken. If a seller ends below the company's minimum criteria the employee faces possible termination.

    Other than that, my only other issue is that incentives are paid quarterly and often times a bad month means no payout at all for that quarter.

    Advice to Management

    Consider adjusting goals for employees based on the number of days worked. For instance, if an employee takes a week off in a given month, then reduce the goals by 1/4 so the employee can take the time off without stressing about not making goals.

    Another thing I would suggest is changing the incentives payouts to a monthly base, instead of quarterly. It's more rewarding to the employee getting an extre payout every month than having to wait three months. And the employees could bounce back much easier after a bad month.


Showing 792 of 18,277 reviews
Reset Filters