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Bank of America Project Manager Reviews

Updated June 12, 2018
249 reviews

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Project Manager

3.5
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Recommend to a friend
Approve of CEO
Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
124 Ratings

Employee Reviews

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Pros
Cons
  • "Bonuses Training Work life balance" (in 493 reviews)

  • "Communication with upper management can be difficult" (in 435 reviews)

More Pros and Cons

  1. "Happy associate"

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

    I have been working at Bank of America full-time (More than 8 years)

    Pros

    Great benefits, flexible schedule and hours, opportunities are endless, great networking capabilities

    Cons

    Organization is very layered and sometimes challenged to get things done

    Advice to Management

    Continue to focus on career growth and development for top performers


  2. "Bank of America"

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

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

    Pros

    Plethora of opportunities in a variety of financial products

    Cons

    Large company - can get lost in the shuffle unless you do a good job of networking

    Advice to Management

    Pay attention to the personal needs of your employees, both personal and professional

  3. "Big bank, replete with pluses and minuses"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President - Senior Project Manager in Calabasas, CA
    Former Employee - Vice President - Senior Project Manager in Calabasas, CA
    Recommends

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

    Pros

    Professional organization. Atmosphere is very collegial. Lots of good people working there

    Cons

    Subject to all the same big-business inanity as other large companies. When profits drop 20 basis points, they stop providing coffee cups, spoons and sugar for employees.

    Advice to Management

    Get in touch with what the working employees three levels down from you are experiencing.


  4. Helpful (3)

    "Ok company to work for - depends on leadership"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Project Manager in Charlotte, NC
    Former Employee - Senior Project Manager in Charlotte, NC
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Benefits (401k, vacation, partial tuition), flexibility in working remotely sometimes, educational information available, discounts at various companies for being an employee, growth opportunities.

    Cons

    Disclaimer: the following statements are said without any hard feelings to this company. I've had some incredible times and really appreciated my time there. But I'm stating why I left the company: Company has become extremely inflexible in creativity, focuses on how to lay off people than to grow them. Like any other company, your job depends on the leaders over you and I've had some good ones and some really bad ones. Lots of virtue signaling by upper execs, where they make it seem as if diversity is a major issue throughout the company yet that is not the case. In the last few years it had become a very miserable place to work. The leaders seemed to have become a bunch of yes-men and produced their own yes-men and as a result fear of making a mistake or losing one's job became a daily thing, with folks spinning their wheels not having a grasp of the organization's vision. I hope that one day this will change and I think the only way it will is with new executive leaders. I would recommend to stay away from this company if you're top talent, because your creativity will get killed and you will become another yes-man/woman. But if you have to work there, then keep your head down and try to see if you can work for a great leader and try to stay away from GT&O.


  5. Helpful (1)

    "Too big and too many layers of ineffective management."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President - Project Manager in Charlotte, NC
    Former Employee - Vice President - Project Manager in Charlotte, NC
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Bank of America full-time (More than 8 years)

    Pros

    Good salary and many benefits.

    Cons

    Very bureaucratic, too many poorly-trained managers and confusing structure.


  6. "Project Manager"

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

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

    Pros

    Wonderful people, well run (mostly) front line units and great educational opportunities.

    Cons

    Lack of cohesive vision in the end state of the consolidation into shared services many of the technology and operational functions - some lack of transparency depending on where you work. "Old guard" (those there more than 20 years) stifling movement and high performers to encourage departures while they understandably try to find work for themselves and those who have not kept up and/or volunteered to take on more work in the last few years. Distinct separation of those who are legacy bank versus those who have more relevant exposure to working in a current business environment. Political acumen important but perhaps too important for a bank trying to keep up in this fast changing business environment.

    Advice to Management

    Keep reaching through the organization and look for talent that has not necessarily been at the bank for a long time. You will be fine in bringing in more outside, fresh, perspectives. Skip levels and be committed to it to bring out others who may be covered up by the many layers still there.


  7. "Average workplace"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - IT Project Manager in Charlotte, NC
    Former Contractor - IT Project Manager in Charlotte, NC
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Bank of America as a contractor (More than 3 years)

    Pros

    Exactly what you would expect from a corporate workplace.

    Cons

    All about the bottom dollar.

    Advice to Management

    Less red tape to get things done in IT.

  8. "Great Company"

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

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

    Pros

    They gave an awesome opportunity for growth

    Cons

    Sometimes the hours can be long


  9. "Senior Project Manager"

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

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

    Pros

    Effective Project Management methodologies are mature, disciplined and supported throughout the organizations of which I was employed.

    Cons

    Must have keen ability to multi-task to be effective.


  10. "Great company to work for"

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

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

    Pros

    I prefer working for larger companies. BofA was very professional. In spite of its size, I never felt lost in the shuffle. I worked as a project manager, and my supervisor was excellent even though she worked in Boston. I like how BofA provided lots of compliance training to ensure that all employees were keeping up with the latest standards.

    Cons

    I think the biggest con was running into people from other groups whose egos had grown a bit too big.

    Advice to Management

    Keep doing what you're doing, and keep the egos of some of the managers in check.