Bank of America Reviews in Providence, RI | Glassdoor

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Bank of America Providence Reviews

Updated January 12, 2018
33 reviews

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Providence, RI

4.0
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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
19 Ratings

33 Employee Reviews

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Pros
Cons
  • No cons just your work life balance or culture depends a lot on the manager that runs the financial center (in 470 reviews)

  • High turnover of upper management (in 406 reviews)

More Pros and Cons

  1. "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.


  2. "Doesn't care about its employees!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Relationship Banker in Providence, RI
    Former Employee - Relationship Banker in Providence, RI
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Reasonable Pay, Building security,
    Cafeteria, weekends off.

    Cons

    To the company you are no more that just a number. The best hours were given to "favorites" rather than by seniority. One year we didn't quite make our quota and we're denied our bonus, however the CEO got his bonus of $24mil!
    All around this place was a joke! I could go on and on...

  3. "Team manager"

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

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

    Pros

    Coaching and development still a key function.

    Cons

    Political. Core values not embrace by all management. Execution does not follow vision.

    Advice to Management

    Skip levels should be a requirement. Two day executive trips do not provide an accurate view. Challenge all to do better.
    See associates as people not employee id's. Associate sat scoring method is ripe for cheating.


  4. "Relationship Manager"

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

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

    Pros

    Benefits are great. I would say better than most big corporations, especially when it comes to family. They added more options regarding medical insurance.

    Cons

    Becoming a top performer doesn'the always mean a promotion or even that you'll be able to maintain your salary (for commission-elegible employees). They change the commission plan often in order to save themselves money.

    Advice to Management

    In business the bottom line is what matters but don't bite the had that feeds you. Your sales people won't be excited to continue to perform if you cut their income to improve your bottom line.


  5. "Financial Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Financial Analyst in Providence, RI
    Current Contractor - Financial Analyst in Providence, RI
    Recommends
    Negative Outlook
    No opinion of CEO

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

    Pros

    Great way to get experience for college grads and people looking to get into banking at the entry level. Peer to peer knowledge share was also helpful. There are also great diversity organizations available for those who like networking.

    Cons

    I thought the training provided to employees was very obsolete. Countless hours of information people in the department don't even remember. Was expecting management to be more hands with team members.

    Advice to Management

    Care about your team and the knowledge share with in it.


  6. "Would not recommend"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Analyst in Providence, RI
    Former Employee - Financial Analyst in Providence, RI
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Not a very heavy workload.

    Cons

    Do not feel like you matter. You are easily expendable and even easier to replace. You are not even allowed to be part of any events unless you are not a contractor, but once you are actually employed they still will not make you feel important.

    Advice to Management

    Be more like leaders rather than bosses.


  7. "Leasing Credit Analyst"

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

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

    Pros

    Company has some great benefits in regards to PTO and sick time

    Cons

    They have been short staffed for a while in many departments and expect each associate to handle a workload of three people. They also do not want to train anyone. Management just throws you into a job and it is either sink or swim.

    Advice to Management

    Your company needs to incorporate training and development programs. Especially for new hires.

  8. "Finance Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Finance Analyst in Providence, RI
    Former Employee - Finance Analyst in Providence, RI
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Good Company to work for

    Cons

    None worth mentioning its your typical banking environment


  9. Helpful (3)

    "Preferred Sales"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Preferred Sales Specialist in Providence, RI
    Current Employee - Preferred Sales Specialist in Providence, RI
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Good Pay
    Good Benefits
    Good training
    bonus after each quarter

    Cons

    micro management
    constantly changing
    no room to grow


  10. "Relation Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Relationship Manager in Providence, RI
    Current Employee - Relationship Manager in Providence, RI
    Recommends
    Positive Outlook

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

    Pros

    Great benefits such as vacation time and sick time. Great colleagues!

    Cons

    Some branches are open on Saturdays which makes it a six day work week.

    Advice to Management

    N/A Management is great.


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