Bank of America Reviews in Princeton, NJ | Glassdoor

Bank of America Princeton Reviews

Updated October 10, 2017
10 reviews

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Princeton, NJ

2.7
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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
4 Ratings

10 Employee Reviews

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Pros
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More Pros and Cons

  1. "overall rating"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - SAS Programmer/Analyst in Princeton, NJ
    Current Employee - SAS Programmer/Analyst in Princeton, NJ
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    i am doing what i am really good at and doing realy well .

    Cons

    need more career oppotunities,need more balance between life and work .

    Advice to Management

    give more career opportunities and more balance between life and work for work staff


  2. "Operations - Don't expect a lot of help from senior management"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Network Security Engineer in Princeton, NJ
    Former Employee - Senior Network Security Engineer in Princeton, NJ
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

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

    Pros

    Decent benefits package
    Some opportunities to get real training
    Highly skilled teammates to learn from
    Fee bank accounts

    Cons

    Senior management just doesn't care about employees, or their careers
    Long hours, and expectation you'll go the extra mile
    Absolutely zero career guidance... and I mean ZERO!
    They are now taking anti-Teleworker stance, so bad work life balance

    Advice to Management

    I worked for the bank for almost 2 decades. When you work for a company with good management, they will try to help you grow, so it can benefit the company and help them grow in their careers as well, not just your own grown. The bank is nothing like that unfortunately. Some senior managers were actually quite good, but once you get to the director and executive levels, they really don't care about their people or their growth. In fact, they will reorg your department, give it a new name, slightly different role definition, and say you are in a new job, even though basically nothing has changed, and force you to stay in your role (mandatory 2 year term in a role before you can post). I was held back by this practice for years. I tried to change the culture thru some of executive leadership groups, but it just wouldn't take in the banks current culture. When an employee joins a company, it should be a partnership, but the bank does not see it that way. Furthermore, if you are in a technical area like IT, they do not see you as an asset, they instead see you as a liability, the place is run by bean counters. The only way you get ahead is if you are buddy-buddy with someone higher up who likes you. Sorry, but this isn't high school, and your status shouldn't be about who you know, but the merits of your contributions to the company, whether you see them everyday or you don't. Recently, they have taking a stance that is anti-teleworker, and the reason was cause they said people were "taking advantage" Give me a break. There are executives and managers who do just as much to "take advantage", and they excuse, rather than being good managers and making people accountable, they rather just punish everyone so they can say the took a firm stance and collect a bigger bonus.
    I realize this review is been pretty negative thus far, the bank has a lot to work on. They do have some decent benefits, though they strive to be "competitive" and not necessarily better or even best. If you do fall on a good team, you can even get some technical training, but it's a rarity. You can learn a lot from teammates who have been with the bank for a bit, some who are extremely technical, so take that to heart if you decide to work for the bank.

  3. Helpful (1)

    "Since 1982..."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Commercial Account Manager in Princeton, NJ
    Former Employee - Commercial Account Manager in Princeton, NJ
    Recommends
    Positive Outlook

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

    Pros

    This a great company, with great people, who really help people and a bank I am proud to have retired from after 32 years--working there since I graduated from college!

    Cons

    Bigger is not ALWAYS better...

    Advice to Management

    Keep up the good work!


  4. "VP, Sr. Financial Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President, Senior Financial Analyst in Princeton, NJ
    Former Employee - Vice President, Senior Financial Analyst in Princeton, NJ
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    Great work-life balance, flexibility, internal mobility

    Cons

    Compensation for long term employees is not competitive.


  5. Helpful (1)

    "BOA Review"

    StarStarStarStarStar
    Current Employee - Vice President Technology in Princeton, NJ
    Current Employee - Vice President Technology in Princeton, NJ
    No opinion of CEO

    Pros

    Good company to work for.

    Cons

    I like the company don't have a negative comments.


  6. "Good company, good work life balance,.competitive salary, poor career growth"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President, Systems Engineer Consultant in Princeton, NJ
    Current Employee - Vice President, Systems Engineer Consultant in Princeton, NJ
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Good company, good work life balance, open communication

    Cons

    Poor growth opportunities. Massive company with 250k total employees so career growth is glacial unless you are well connected and you kiss the right butt.

    Advice to Management

    Wish for a more flat hierarchy. Lesser politics in the workplace. More camaraderie and team work across lines of business.


  7. "A large financial institution that has all the building blocks, now need to focus on execution"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Princeton, NJ
    Current Employee - Anonymous Employee in Princeton, NJ
    Recommends
    Approves of CEO

    Pros

    Excellent work life balance
    Opportunity to work in pretty much entire spectrum of financial services industry
    Good recognition systems
    Industry leading virtual work program

    Cons

    Too process oriented and has become more so as a result of increased regulatory scrutiny
    Decision making and change slow to come as too many stakeholders have vested interests

    Advice to Management

    Don't be too detached from ground reality.

  8. "Relationship Managing at Bank of America"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Premier Client Manager in Princeton, NJ
    Current Employee - Premier Client Manager in Princeton, NJ
    Doesn't Recommend
    Disapproves of CEO

    Pros

    PB was a great program for BofA's middle level bank client.

    Cons

    To many reports that did not mean anything. The program started on the wrong foot. PB client managers should have been given 6-12 months to build a book of clients who could use and would utilize the services of their client manager

    Advice to Management

    Bring Back Premier Banking you need it!


  9. Helpful (1)

    "Excellent college job"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Teller in Princeton, NJ
    Current Employee - Teller in Princeton, NJ
    Recommends
    Approves of CEO

    Pros

    excellent part time job for students. pay is good and you get health care benefits, pretty much always guaranteed your hours. not very complicated work. meet lots of business owners and people who work for reputable companies and allows for an opportunity to network and build relationships with customers.

    Cons

    hire managers from out side with only retail experience and have no clue of banking procedure. no opportunities for recent graduates within the banking center to be promoted into a management trainee program.

    Advice to Management

    develop a trainee program for recent grads. stop focusing on sales and focus on a quality banking experience for customer.


  10. Helpful (1)

    "Good company - bad leadership in the Premier Banking + Investment division"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Vice President in Princeton, NJ
    Current Employee - Senior Vice President in Princeton, NJ
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Pay and benefits, career opportunities - for the "in" crowd of Athanasia and Krupa -(Called "the krew")

    Cons

    Management in the Premier segment - very poor. Making decisions in vacuums. Athanasia and Krupa - screwing things up.

    Advice to Management

    Get people in place who are "bankers", not investment people with little banking experience. Again - these folks at the helm in this LOB are really screwing things up. Ken Lewis - you are going to loose talented associates, and your clients will then follow.


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