Bank of America Reviews in Philadelphia, PA | Glassdoor

Bank of America Philadelphia Reviews

Updated September 16, 2017
30 reviews

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Philadelphia, PA

3.8
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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
13 Ratings

30 Employee Reviews

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Pros
Cons
More Pros and Cons

  1. "Great Company, Great Benefits, Great People"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Center Operations Manager in Philadelphia, PA
    Current Employee - Financial Center Operations Manager in Philadelphia, PA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Often fantastic leadership who are eager to help their teams succeed. Lots of opportunity to advance and branch out into different lines of business. Great benefits. Opportunities to gain exposure to senior leadership. Diverse workforce amd a ton of employee networks catering to all kinds of interests.

    Cons

    Very few cons, really. Customer service can be difficult when client expectations do not align with our product or service features. Occasionally you end up working with someone who behabes selfishly or does not seem willing to work for the team's success. That's not the norm, though.


  2. "Not much of work/life balance and high goals"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Relationship Manager in Philadelphia, PA
    Current Employee - Relationship Manager in Philadelphia, PA
    Recommends
    Negative Outlook
    Disapproves of CEO

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

    Pros

    You have a job
    Health insurance
    Tuition reimbursement
    Negotiable salary
    15 days vacation
    Sick paid days
    Can advance if your exceeding your goals

    Cons

    Always something new being added to your workload
    Micromanaged
    Short-breaks
    6 day work weeks
    You still have goals while on vacation

    Advice to Management

    Stop micromanaging and staff the branch properly

  3. "slow in adopting change"

    StarStarStarStarStar
    Current Employee - Vice President in Philadelphia, PA
    Current Employee - Vice President in Philadelphia, PA

    I have been working at Bank of America full-time (More than 5 years)

    Pros

    slow in adopting change in new environment

    Cons

    free hand to implement your ideas

    Advice to Management

    open communication


  4. "Relationship Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Relationship Manager in Philadelphia, PA
    Current Employee - Relationship Manager in Philadelphia, PA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Maternity/paternity leave, 401k, Salary is very competitive, Products offerings are appropriate.

    Cons

    Some Branches have challenging sales goals.

    Advice to Management

    Pro-rate sales goals with vacation time so associates can have a positive work/life balance and enjoy time off.


  5. "Great benefits"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Teller in Philadelphia, PA
    Current Employee - Teller in Philadelphia, PA

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

    Pros

    Higher than average pay for the position, great benefits, paid vacation 2 weeks , very good work environment

    Cons

    Not enough flexibility with time off

    Advice to Management

    There should be a bonus system for products sold in addition to the required daily tasks


  6. "Financial Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Philadelphia, PA
    Former Employee - Anonymous Employee in Philadelphia, PA

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

    Pros

    Ability to work in a global team. Company allows for mobility after 1-2 years.

    Cons

    Lack of entrepreneurial environment. Not appealing to millennial population for culture.

    Advice to Management

    Change culture to be more in line with others, especially in the tech / startup industry.


  7. Helpful (2)

    "Relationship Manager"

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

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

    Pros

    Competitive pay, flexible work hours

    Cons

    high goals, micro manage, lack of growth

  8. "Great company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Relationship Banker in Philadelphia, PA
    Current Employee - Relationship Banker in Philadelphia, PA
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    3 weeks paid vacation, 2 weeks sick time, Paid holiday, 12 paid maternity leave, Child care Reimbursment, 401K, HSA. Great benefits and schedule

    Cons

    The maximum quarterly incentive for a Relationship Banker is not very appealing.


  9. "Senior Vice President"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Vice President in Philadelphia, PA
    Former Employee - Senior Vice President in Philadelphia, PA
    Recommends
    Neutral Outlook

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

    Pros

    Quality of the Bank of America People

    Cons

    Government Regulations and Compliance Requirements


  10. "Teller"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Teller in Philadelphia, PA
    Former Employee - Teller in Philadelphia, PA
    Doesn't Recommend

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

    Pros

    Can be a great environment depending on your team and branch; a lot of things to learn on the day to day

    Cons

    Favoritism; tuition reimbursement is made impossible to get; raises and salaries are not in line with responsibilities

    Advice to Management

    Give salaries that are equal to responsibilities
    Give all employees the opportunity to excel and move up


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