Bank of America Securities Reviews | Glassdoor

Bank of America Securities Reviews

Updated June 16, 2017
23 reviews

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3.2
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Bank of America Securities President Brian T. Moynihan
Brian T. Moynihan
4 Ratings

23 Employee Reviews

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  1. "Enjoyed my time there"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook

    I worked at Bank of America Securities full-time

    Pros

    Benefits, People, Locations, Salary, advancement opportunities

    Cons

    I have no cons at this time

    Advice to Management

    None


  2. "Consumer Banking - Sales and Service Specialist"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant Vice President in New York, NY
    Former Employee - Assistant Vice President in New York, NY
    Doesn't Recommend
    Negative Outlook

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

    Pros

    -Broader exposure to entire Bank of America organization through affinity, volunteer groups. This is probably the most valuable - the chance to meet others within the organization truly opens doors so please don't discount it.
    -Park Avenue location provided interaction with ultra high end clients with unique needs.
    -Standard benefits are great in the corporate space - medical, dental, vision, 401K matching, matching gifts, paid volunteer days.

    Cons

    -Completely inept management on almost every level of the consumer, retail banking level - from the branches to those that run the local markets, and then some.
    -Fundmental disconnect in the sales area - past habits reek of the current Wells Fargo debacle. i.e. - pushing a savings account on someone who cannot afford it, but hey, 'Keep the Change' will help, right?

    Advice to Management

    Purge, but its too late for that... You're tired and sorely disconnected.

  3. "Associate"

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

    I worked at Bank of America Securities (More than 3 years)

    Pros

    Bulge bracket bank with access to mainstream blue chip corporate clients

    Cons

    Bureaucratic organization with a lot of politics and strategic positioning


  4. "Financial Solutions Advisor at the Portland-OR financial center"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior FSA - Chase Private Client in Portland, OR
    Former Employee - Senior FSA - Chase Private Client in Portland, OR
    Doesn't Recommend
    Negative Outlook

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

    Pros

    Salaried position with a sizable bonus at the end of each quarter, private office available in most cases, pretty decent pay, a hybrid of banking and investment products sales job - pretty rewarding

    Cons

    Questionable sales and products practices, pretty much all customers are lured into the same managed money strategies, no one cares about their individual preferences - bank makes tons of money doing that, but it might not be the best solution for most of their clients. Unethical job...

    Advice to Management

    Leave more room for FSA to determine independently, what fits their customers, what doesn't. I felt OK in the beginning of my tenure there - yr. 2014, but later on the management changes lead into much bigger issues, experienced quite a bit of discrimination based on my national origin as well as religion, now decided to go ahead and sue the institution due to that bank's improper internal policies. Will never advise anyone to consider working for Bank of America.


  5. "Good company, lots of pressure"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY

    Pros

    They offer good pay, and opportunities to advance - the new building in Manhattan has a great location near Bryant Park

    Cons

    The company can be a bit schitzo, with constant turn-over and restructuring. The merger with Merrill just made things more complex

    Advice to Management

    Pick a path forward and stick to it. The employees are just getting confused and can't do their job as effectively


  6. "Investment Banking Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Banking Associate in New York, NY
    Former Employee - Investment Banking Associate in New York, NY
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Strong dealflow, learning in a fast paced environment, time sensitive deliverables and large number of responsibilities

    Cons

    Company culture not structured, unprofessional time management by seniors and large time lags between supervision and checking of material.

    Advice to Management

    Foster an organic culture at the bank opposed to developing pockets of differing cultures all over the bank


  7. "Secretive, closed-door management style"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant Vice President in Dallas, TX
    Former Employee - Assistant Vice President in Dallas, TX
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    *Salary and benefit package was generous,better than most other local employers.
    *Plenty of growth opportunity should be available in this large company, though relocation would be required.
    *Convenient location, easy access to major highways.

    Cons

    *Secretive, closed-door management style, apparently from the top down
    *Management team was aloof, usually behind closed doors and rarely acknowledged your presence when they walked through the office.

    Advice to Management

    Share more with your employees

  8. Helpful (1)

    "Bank of America Securities LLC/Merrill Lynch"

    StarStarStarStarStar
    Former Employee - Trader in New York, NY
    Former Employee - Trader in New York, NY
    Doesn't Recommend
    Neutral Outlook

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

    Pros

    Excellent derivatives platform and brokerage arm.

    Cons

    Purchase and consolidation with Merrill Lynch.


  9. "Good Wall St. experience Without Terrible Hours"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Charlotte, NC
    Former Employee - Anonymous Employee in Charlotte, NC
    No opinion of CEO

    Pros

    BAS gives you the same basic training as any other Investment Bank and deal flow in certain areas is very strong

    Cons

    Not being in NY can be challenging and working within the ever changing org structure can become very frustrating over time

    Advice to Management

    Advice would include better feedback and provide more stable work environment by not constantly re-organizing product areas and promote better communication across geographic regions


  10. "Slow deal flow, lots of hours, but excellent learning curve."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in Houston, TX
    Former Employee - Analyst in Houston, TX
    No opinion of CEO

    Pros

    BofA had an excellent investment banking analyst training course. The learning curve of an investment banking analyst cannot be beat, although this is true of almost any investment bank. Benefits and bonus seemed fair, given I was toward the top. Although deal flow was slow, the deals I did work on were also extremely educational.

    Cons

    Hours, hours, hours wasted on pitches that were never technically scheduled! Also many hours spent in the office simply because that was what was expected, but did not seem necessary.

    Advice to Management

    I do not mind working hard, but I like to see some results from the effort. I also felt there were definitely times when managers required the analyst to be at the office simply for the sake of being in the office.


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