Bank of America Project Manager Operations Reviews | Glassdoor

Bank of America Project Manager Operations Reviews

14 reviews

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Project Manager Operations

3.1
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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
9 Ratings

Employee Reviews

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Pros
Cons
  • "Work/Life balance can be overwhelming" (in 508 reviews)

  • "Lack of communication in upper management" (in 446 reviews)

More Pros and Cons

  1. "Bank of America has lot of pluses and some minuses"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Operations Project Manager in Los Angeles, CA
    Former Employee - Senior Operations Project Manager in Los Angeles, CA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Very good benefits, good communication from the Corporate level. Excellent Diversity & Inclusion programs. Genuine effort by senior management to streamline and improve processes in order to make jobs and operations easier for the employees and the customers. A lot of friendly, smart people.

    Cons

    Sometimes there are challenges with communication from middle management. Typical large corporation left hand not know what the right hand is doing resulting in extra work for parties across multiple departments. A times there seems to be inequity across different departments in promotions and awarding of corporate titles.

    Advice to Management

    Ensure that all levels of management are uniformly communicating with their teams to keep everyone in the loops as much as possible. Cut down on the number of "fire drills" and last minute requests for very time intensive work that really don't add that much value to the process.


  2. "Honesty on Advancement Culture"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Operations Project Manager in Plano, TX
    Current Employee - Operations Project Manager in Plano, TX
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    More plentiful for entry to midlevel positions.

    Cons

    Advanced positions/opportunities are not granted on merit or skillset. More weight is placed on who you know than what your know, and whether or not you happen to be in a highly visible area.

    Advice to Management

    Live out the values you preach. Don't ask for feedback when you have no intention of considering that feedback.

  3. Helpful (1)

    "Great relationship building and Multiple Tasks"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President; Operations Project Manager in Plano, TX
    Former Employee - Vice President; Operations Project Manager in Plano, TX
    Recommends
    Positive Outlook

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

    Pros

    Benefits!! Flexibility, experience in multiple tasks

    Cons

    The group I was in had limited funds to apply to technology upgrades, and limited room for growth.

    Advice to Management

    More focus toward internal staff direction, rather than just a have to approach


  4. Helpful (1)

    "Operations Project Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Operations Project Manager in Kannapolis, NC
    Current Employee - Operations Project Manager in Kannapolis, NC
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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

    Pros

    Progressive company trying to stay on the leading edge of technology and beat options for customers.

    Cons

    Employees are not considered when making decisions that have no bearing on the success of the company. Recent efforts to end the MyWork program have created a lot of dissatisfaction. It makes no sense for me to work in an office 35 miles from home with NOT ONE of my peers or direct reports. The space probably costs $1000 a month for the bank when they were paying $100 for my internet and phone bills. Additionally, I will now spend 2.5 hours PER DAY commuting. That time previously was spent working for this company that I have devoted 20 years to.

    Advice to Management

    Reach out to your top performers before making decisions that could end up with you saying goodbye to great talent, even after 20 years of employment.


  5. Helpful (1)

    "Easily the best job I've ever had"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Project Analyst/Project Manager Operations in Lancaster, CA
    Former Employee - Project Analyst/Project Manager Operations in Lancaster, CA
    Recommends
    Approves of CEO

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

    Pros

    Great pay, great team, freedom to do what works in order to produce results on the back end. I genuinely enjoyed the work I did, and the people I did it with.

    Cons

    BofA's countrywide acquisitions led to a lot of layoffs in their call centers, my own included. Keep wary of your workplace and how long it's been under BofA.

    Advice to Management

    The only thing I can say is that I really wish there was more support in helping to re-settle existing employees and contractors to put them into new positions when widespread layoffs are occurring in other areas.


  6. "Bank of America"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Operations Project Manager in Plano, TX
    Former Employee - Operations Project Manager in Plano, TX

    Pros

    Good training, and guidance from management

    Cons

    none that are specifiable at this time


  7. "Project Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Operations Project Manager in Plano, TX
    Former Employee - Operations Project Manager in Plano, TX
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    I worked on the mrgage side during the time of the rubber stamping crisis. The good thing about my time there was that I was exposed to a variety of projects ranging from technology to finance.

    Cons

    The negatives of my time there was the consistant reorganizations. I never had the same manager from one year to the next. The musical chairs led to low employee morale and high turnover.

  8. "Good Employer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Operations Project Manager in Plano, TX
    Former Employee - Operations Project Manager in Plano, TX
    Recommends
    Neutral Outlook

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

    Pros

    Equitable Compensation, the company invests in employee growth and offers training opportunities.

    Cons

    Recently making cut backs and I was laid off with very little notice, but it happens at all companies


  9. Helpful (1)

    "Working in a vendor oversight role, created an aggregated view of vendor performance scores for senior management."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Operations Project Manager in Norfolk, VA
    Current Employee - Operations Project Manager in Norfolk, VA
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Varied workload, competitive, consensus building, great team building. Great benefits.

    Cons

    Unsure when you will be laid off and that can be unnerving.

    Advice to Management

    Give senior leaders more notice if positions are being eliminated.


  10. "Great"

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

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

    Pros

    Excellent Communication from Leadership, great benefits

    Cons

    Life work balance can sometimes be over bearing.

    Advice to Management

    NA