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. "Great employer"

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

    Pros

    fun; opportunities for advancement; long history; your boss will be very proactive in making sure you understand the concepts and skills needed to perform the job.

    Cons

    a large company may limit the amount of responsibilities you may have. because of financial crisis, job security may be a concern.

    Advice to Management

    make corporate structure more flat; offer more internship activities and events; senior management need to open the door. better mentorship


  2. 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.

  3. "BAS - Not a bad place to work..."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Banking Associate in Dallas, TX
    Former Employee - Investment Banking Associate in Dallas, TX
    Recommends
    Approves of CEO

    Pros

    BAS tends to be one of the more stable investment banks. They may not pay the highest on the street, but they also do not get hit as hard during the downturns.

    Cons

    Working for an investment bank tied to a commercial bank (in the pre-fallout era) did mean that you had to put up with some commercial banking PR garbage that was unnecessary. Stuff like corporate donations to various charities, training that was a waste of time for investment banking personell...etc. There were a few instances in 2007 of groups that received zero bonuses for the year, although this was laregly in groups that were MBS/ABS related.

    Advice to Management

    Senior Management has done an acceptable job in managing the investment bank, but they should let BAS have more autonomy from BAC.


  4. "Good"

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

    Pros

    I really enjoyed the people I worked with. The analytical skills taught were exceptional in addition to client time. I would work there again.

    Cons

    Not enough exposure to clients

    Advice to Management

    Involve people below senior level management more exposure to clientele and have them involved in the winning business process rather than solely execution.


  5. "Ok"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Recommends
    No opinion of CEO

    Pros

    One gets the chance to work for a big player in the field as well be in a growing company.

    Cons

    It is a growing company so not so much deals, plus the economy is terrible. Lost of hours so be prepared.

    Advice to Management

    reduce the hours of the employees to make them happy and keep them, or else they leave to do other jobs


  6. "Top Notch"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Banking Analyst in Charlotte, NC
    Former Employee - Investment Banking Analyst in Charlotte, NC
    Recommends
    Approves of CEO

    Pros

    * Compensation
    * Colleagues are some of most intelligent in the industry
    * Great place to network for future opportunities
    * Good deal flow
    * Resume builder with experience at a bulge bracket bank

    Cons

    * Tough work/life balance
    * Not a place to work if you thrive on positive feedback
    * Little to no communication with senior management

    Advice to Management

    Thank you for the opportunity and experience.


  7. "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

  8. "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


  9. "Merrill Lynch seems to be running the merger and may be the ruin of BofA if you don't watch out."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Research Department Professional in New York, NY
    Current Employee - Research Department Professional in New York, NY
    No opinion of CEO

    Pros

    Smaller operation within a huge corporation. BofA gave the Global Corporate & Investment Bank shelter.

    Cons

    The bureaucracy of a huge corporation when it came to benefits, etc.

    Advice to Management

    Stop being so enamored with growth. You overdid on the Countrywide and especially the Merrill Lynch acquisitions.


  10. "VP Investment Banking"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in San Francisco, CA
    Former Employee - Vice President in San Francisco, CA
    Recommends
    Disapproves of CEO

    Pros

    - relatively stable investment bank with true universal bank platform
    - no "cut throat" competition among bankers
    - great place to learn and get exposure
    - some senior bankers are great to work for and very supportive and it is easy to identify them

    Cons

    - poor management and lack of information sharing
    - limited deal flow, difficult for large clients to look past the traditional commercial banking platform...although the ML acquisition may change that perspective
    - disproportionate time spent on elephant hunting (marketing/pitching to big clients for big deals)

    Advice to Management

    - share information, involve bankers with decision making
    - leverage junior and mid level bankers to do more than create pitch books
    - pay at least street comp


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