Bank of America Reviews | Glassdoor

Bank of America Reviews

Updated January 19, 2019
19,602 reviews

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3.6
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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
8,105 Ratings

Employee Reviews

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Pros
Cons
  • "No work-life balance when you work 6 days a week" (in 520 reviews)

  • "Don't get a lot of support from upper management" (in 452 reviews)

More Pros and Cons

  1. Featured Review

    Helpful (10)

    "Great company to work for!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President in Atlanta, GA
    Current Employee - Assistant Vice President in Atlanta, GA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Fantastic benefits and great leadership and atmosphere to work in! Great work life balance!

    Cons

    Large corporation, don't always agree on some of the organizations we support.

    Advice to Management

    Keep up the great work!


  2. "Awesome"

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

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

    Pros

    Great culture always in the best interest of the. Client

    Cons

    None. Great company with great structure for success

    Advice to Management

    Continue to lead focused on the culture of doing what is best for the client.

  3. Helpful (2)

    "Great Place to Learn"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Managing Director in Charlotte, NC
    Current Employee - Managing Director in Charlotte, NC
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Bank of America is a great company and working here you will learn a ton.

    Cons

    Corporate Culture is very high pressure and management views most people as fungible so getting ahead is about who you know.


  4. Helpful (3)

    "Like any other trillion dollar global financial conglomerate..."

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

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

    Pros

    It's one of the best feather-in-the-cap items on your resume, as long as you last more than one calendar year. Your mere employment here makes you more valuable to other companies. Poachers will seek you out.

    Cons

    Out of ~250,000 employees, what team and line of business you work for will fully determine your thoughts on the company. Every division is run like it's own fiefdom with salaries, bonus, perks, scheduling, and flexibility varying wildly. If you want to learn advanced technology like cloud, AI, and block-chain it's great, but the main group that works on those things doesn't pay well, doesn't believe in bonuses for the masses, and tends to treat employees as next-man-up commodities (for example).

    Advice to Management

    It's cheaper, and much more productive, to retain than recruit - focus on that! Also, annual training on values is great - having front line managers that live by them would be even better.


  5. Helpful (3)

    "VP Communications"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President Communications in Dallas, TX
    Former Employee - Vice President Communications in Dallas, TX
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Company has integrity - values diversity and inclusion.

    Cons

    Remote work opportunities appear to be diminishing.

    Advice to Management

    More sensitivity when jobs are eliminated - after 15 years with the firm I had only 2 minutes' notice that my job was ending.


  6. "Bank of America - Branch Banking"

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

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

    Pros

    Working in a brach the team feels like family, even with the ups and downs of the workplace. Money is good.

    Cons

    Sales environment, plus client facing jobs. Can face a lot of tough situations. Management will constantly pressure to hit beyond goal.

    Advice to Management

    Can be stressfull sometimes, especially when pressure comes top down.


  7. Helpful (3)

    "Good hours and employee benefits"

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

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

    Pros

    40 hour work week, generous vacation and employee benefits. Short commutes are emphasized, plus direct connection and exposure to higher up corporate executives. Opportunities to grow as long as you are significantly outperforming your expectations.

    Cons

    base pay is low compared to many other banks, management focuses on many different behaviors that do not help you at your performance. many technology issues every single day

    Advice to Management

    our systems are very slow and faulty. We need better systems as well as more straightforward ways to track our behaviors.

  8. "Benefits"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

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

    Pros

    Above average benefits available to full-time employees.

    Cons

    Large company that can sometimes receive negative press.


  9. "Opportunity to move around if you network"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Manager in Chicago, IL
    Current Employee - Manager in Chicago, IL
    No opinion of CEO

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

    Pros

    Good Benefits that are hard to top - Paternity, PTO Medical is decent but expensive.

    Cons

    Great initiative ideas that never come to fruition.


  10. "Good work environment"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Business Credit Card Specialist in Brea, CA
    Former Employee - Business Credit Card Specialist in Brea, CA
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Great work environment, your team members become more like family. They celebrate birthdays and other special occasions with pot-lucks and other forms of acknowledgements. Benefits were good and also offered tuition reimbursement on classes related to Business. Also, had very good incentive opportunities in my department.

    Cons

    Dealing with customers could be kind of stressful. Sometimes it felt like the managers were micromanaging the team members. Eventually, I moved and the drive became too long so I left.