Bank of America Reviews | Glassdoor

Bank of America Reviews

Updated June 24, 2018
18,486 reviews

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18,486 Employee Reviews

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Pros
Cons
  • "Bonuses Training Work life balance" (in 492 reviews)

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

More Pros and Cons

  1. "NA"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Approves of CEO

    I have been working at Bank of America full-time

    Pros

    Diversity, community services, flexibility, dynamics, culture

    Cons

    Commute, noise due to open layout, bonuses, pay


  2. Helpful (1)

    "Won’t sugar coat it - the job is tough. A lot to learn and a lot of stuff to deal with"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investment Specialist in Hunt Valley, MD
    Current Employee - Investment Specialist in Hunt Valley, MD
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    They pay you to get licensed. They don’t just pay FOR you to get licensed, but they pay you as you study to get licensed. The first 1-2 months of work is nothing but studying for your licensing exams (series 7 and 66).

    The medical and dental benefits are pretty good too.

    The base pay isn’t great, but if you’re good at sales there is a lot of room for growth. There’s about 6 different kinds of sales teams you can move into, half of which could break 6 figures if you put in the time and effort.

    Additionally, even if you’re not good at sales, there are plenty of back office roles you can move into as well once you learn the systems and products. It’s just harder to make that transition, and networking will be key.

    Work life isn’t bad. Most of the people that work here are guys in their 20s, so if you fit that demographic it’ll be easy to make friends. Also, management knows that the job isn’t great (learning our products and systems is tough, and if a client is calling us, then chances are they’re frustrated about something), so they’re empathetic and usually go to bat for the employees.

    Cons

    If you’re not good at sales, this will be a tough time for you. But even if you never actually go out of your way to make a sale, you should be able to hit your minimum numbers to not get fired just from clients calling in to ask for help with moving money into the firm - you’ll just never get a promotion like that.

  3. "Fun and exciting"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Bank of America part-time

    Pros

    nice and friendly environment, chance to interact with nice people

    Cons

    a job is a job everybody has up and downs


  4. "Solid company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Operations Consultant in Phoenix, AZ
    Current Employee - Operations Consultant in Phoenix, AZ
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Healthcare, availability to work from home part of the week, time off and a good work/life balance are the only reason why I'm here.

    Cons

    What I do doesn't feel all that rewarding, and recognition is far and few in between.

    Advice to Management

    Recognize your employees for what they do, thanking the general population in the meeting doesn't do that much, individual recognition goes a lot further.


  5. "Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Manager in Virginia Beach, VA
    Former Employee - Manager in Virginia Beach, VA

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

    Pros

    I enjoyed the team structure

    Cons

    leadership shift changed company culture


  6. "Lending consultant"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Bank of America full-time

    Pros

    Base wage will be paid throughout 18 months
    good to get trained during the period with less pressure of making sales.

    Cons

    after 18months, you will become regular Loan officer with 100% commission pay.


  7. "Great place to grow. The bank actually cares about you."

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

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

    Pros

    Great benefits, good environment, growth opportunities.

    Cons

    The goals can be tough to reach sometimes.

  8. "Relationship Manager"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Bank of America full-time

    Pros

    Good oportunities are available for everyone

    Cons

    Micromanagement is heavy and avoid you to focus 100% on the client some times.


  9. "Financial Center Operations Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Bank of America full-time

    Pros

    Good place to start careers

    Cons

    Upper management structure can be changed


  10. "Commercial Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Atlanta, GA
    Current Employee - Anonymous Employee in Atlanta, GA
    Recommends
    Positive Outlook

    I have been working at Bank of America full-time

    Pros

    It is a very great opportunity that allows you to be entrepreneurial

    Cons

    You are responsible to plot your own path for the most part


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