Bank of America Reviews in San Francisco, CA | Glassdoor

Bank of America San Francisco Reviews

Updated September 19, 2017
189 reviews

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San Francisco, CA

3.5
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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
67 Ratings

189 Employee Reviews

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  1. "manager"

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

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

    Pros

    opportunity for growth
    awesome training
    good working environment
    awesome culture

    Cons

    quarter performance goals
    regulation
    ongoing training on new procedures


  2. "Previous Relationship Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Relationship Manager in San Francisco, CA
    Former Employee - Relationship Manager in San Francisco, CA
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

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

    Pros

    It's one of the biggest banks and does offer competitive products compared to its competitors to clients.
    It at least tries to care for clients.
    Its other areas of banking other than retail are probably better to work in. Benefits are good (Health, 401k and Etc.)

    Cons

    This is a review for retail Banking, the other branches of the company (Investment banking and etc.) could very well be much better and more than likely are considering how well they do.
    Bad management in the retail banking field. They make promises they don't keep. Most have their heads in the clouds regarding how much Relationship Managers can actually perform. So goals can be a little ridiculous.
    Bonuses are horrible, performing at 110% can barely get you around $950 in bonuses FOR THE ENTIRE QUARTER. Also, that depends on location and that is considering my location had decently higher volume. On top of that they find ways to take pieces of that away left and right saying "your center didn't perform here or there". Not to mention bonuses are already taxed at such a high rate in California. You end up getting almost no bonus at all in most cases despite doing well. (I've hit 135% + of monthly goals). Most other sales jobs in the area would give you a much better bonus and about as much pay. Most long time employees say the position used to pay much more.
    They seem to be slowing progression as well. They threw "Senior Relationship Manager" between Relationship Manager and Financial Solutions Advisor. It's basically an inbetween job where you get licensed (series 7 etc) but they won't let you do anything with it. (Pointless...)
    If you are working in retail or some other part of the bank there is no pathway to maybe transfer to a diffent side. For example a young recent graduate transfering from retail banking to having a career they actually studied for in investment or corporate banking. You just apply with the rest (I.e. the same story of, did you come from a top 25 university with a high GPA. and probably already have IB internships).

    Advice to Management

    Keep your promises. Make goals that are a bit more realistic. Teach your Relationship Managers more about things they need on the job more than just shoving the "Discover tool" and other things down their throats. No employee can be comfortable uncovering someones financial needs if it takes them a quarter to just learn the systems which they recieved almost no real practice on during training. Develop programs to transition associates to other sectors of business in the bank. For example, if you have a Relationship Manager that was in the position to gain some experience but has his/her finance degree and is looking to move into a Investment banking analyst position, there should be an internal hiring system to recognize young or even older talent that may actaully want to work in a different side of the bank all together.

  3. "Great Company"

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

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

    Pros

    Opportunity for promotions, Great compensation

    Cons

    None, I have been really happy here

    Advice to Management

    Continue doing what you are doing


  4. "Consulting System Engineer"

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

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

    Pros

    In the 80's & early 90's was a great place to work.

    Cons

    Since the merger with Nations Bank the qualify of management, products and services has gone downhill.

    Advice to Management

    Look and act long range, not just to short term profits that yields immediate bonuses.


  5. "Good Oppertunity but poor local management and benefits."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Director Level Management in San Francisco, CA
    Former Employee - Director Level Management in San Francisco, CA
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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

    Pros

    Always had great oppertunity to advance. As a whole the company promotes meritocracy.

    Cons

    However, your experience as an employee is really based on local Management. Unfortunately in the San Francisco Area, it is terrible. As a long time employee, I decided to leave because of this. Also, I thought the benefits were good until I went to another large competitor and realized that it was not the case.

    Advice to Management

    I don't really have an opinion to share as I do not have an expectation that they will listen.


  6. "Personal Banker"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Personal Banker in San Francisco, CA
    Former Employee - Personal Banker in San Francisco, CA
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Well Known Bank. Lots of bank products to sell.

    Cons

    Too many other works. Not flexible.

    Advice to Management

    Take it easy. More focus .


  7. "Politics a plenty - not embracing technology"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior QA Engineer in San Francisco, CA
    Former Employee - Senior QA Engineer in San Francisco, CA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Benefits - Plenty of Paternity leaves - Fed holidays - Health insurance

    Cons

    Too much of politics - Constant praising of upper management is needed to get you upwards
    Work life balance goes for a toss - Immediate Managers are not technical enough to understand what it takes to develop and deliver a product

  8. "Financial Advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor in San Francisco, CA
    Former Employee - Financial Advisor in San Francisco, CA
    Recommends
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Comprehensive training & good benefits

    Cons

    Some employees who have been working for many years are ego. They better put it aside. They are not nice to new and/or not-so-upper level colleagues.

    Advice to Management

    The upper management and the lower level employees are separate.


  9. Helpful (1)

    "Manager"

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

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

    Pros

    Great career pathway. Great benefits. Love the culture.

    Cons

    non at this moment. It's a great company.

    Advice to Management

    n/a


  10. "Cool Place to start"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Bank Teller in San Francisco, CA
    Former Employee - Senior Bank Teller in San Francisco, CA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great place to learn how to manage money

    Cons

    Big company and you are constantly forgotten about.

    Advice to Management

    Dont forget about the little guys.


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