Bank of America Reviews in Palo Alto, CA | Glassdoor

Bank of America Palo Alto Reviews

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Found 7 reviews

3.3
StarStarStarStarStar
Rating TrendsRating Trends
42%
Recommend to a Friend
46%
Approve of CEO
Bank of America CEO Brian T. Moynihan
Brian T. Moynihan
4 Ratings
Pros
Cons
More Pros and Cons
  1. Loved working here!

    StarStarStarStarStar
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    • Senior Management
    Former Employee - Administrative in Palo Alto, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Bank of America full-time for more than 2 years

    Pros

    BAML is awesome, I loved working here!

    Cons

    Large company, hard to know everybody.

  2. B of A Review

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    Former Employee - Anonymous Employee in Palo Alto, CA
    Recommends
    Neutral Outlook

    I worked at Bank of America for more than 9 years

    Pros

    Good people to work with. Good training.

    Cons

    Long wait times for customers.

  3. Helpful (1)

    Good company to gain diverse experience and back ground regarding financial services and CorporateAmerica.

    StarStarStarStarStar
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    • Culture & Values
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    • Senior Management
    Former Employee - Financial Solutions Advisor in Palo Alto, CA
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I worked at Bank of America full-time for more than 6 years

    Pros

    Standard hours Large customer base Good vacation package Nice 401k match Career advancement opportunities

    Cons

    So-so reputation Politics are abundant Lack of control over your income Increasing unrealistic performance numbers

    Advice to Management

    Figure it out

  4. Terrible culture where you are treated with no respect and no appreciation for personal sacrifices

    StarStarStarStarStar
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    • Senior Management
    Former Employee - Investment Banking Associate in Palo Alto, CA
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    I worked at Bank of America full-time for more than 2 years

    Pros

    Pay is at or above the mean as compared to other investment banks; company has started more initiatives to help work/life balance issues

    Cons

    Despite efforts to improve work/life balance of employees, actual enforcement of new policies is inconsistently applied

  5. Helpful (1)

    Tough but rewarding work

    StarStarStarStarStar
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    • Senior Management
    Current Employee - Investment Banking Associate in Palo Alto, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Bank of America full-time for more than 4 years

    Pros

    Exposure to smart people and great deal flow. A lot of responsibility is given to you very quickly.

    Cons

    Extremely long hours. Banking compensation has recently come down significantly, while hours only increase

  6. Back Breaking

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    • Senior Management
    Former Employee - Assistant Manager in Palo Alto, CA

    I worked at Bank of America full-time for more than 6 years

    Pros

    GREAT benefits. Medical/dental/vision/401k matching/tuition reimbursement/ child care/time off/stocks/pension

    Cons

    not a lot of room for growth/raises/praises. constant changes. constant ridicule. not a lot of encouragement. once your in management, doesn't seem to get much help, unless you are the favorite or a super star or have to kiss up to upper management. lies to employees that lateral move does not get a raise, but fact that other associates who has made a lateral move got a raise.

    Advice to Management

    Try to know those who are a lifer, who put in their sweat and heart to their role. And help them out, recognize/praise/give raises. Even the quiet ones.

  7. Opportunity to learn and grow.

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    Current Employee - Anonymous Employee in Palo Alto, CA
    Recommends
    Approves of CEO

    I have been working at Bank of America

    Pros

    Bank of America offers opportunities for personal and professional growth while fostering mentorship. Bank of America is a world class organization.

    Cons

    If you start in an entry level position it can be a challenge to work up to a comparable salary when compared with other employers.

    Advice to Management

    Do the Right Thing for your associates salarywise in order to allow them to live a quality of life you would be okay with living.

Found 7 reviews