Bank of America Securities Reviews | Glassdoor

Bank of America Securities Reviews

Updated May 14, 2017
13 reviews

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Bank of America Securities President Brian T. Moynihan
Brian T. Moynihan
1 Rating

13 Employee Reviews

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  1. "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.


  2. "Not good for freshers"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Tech Associate in Chennai (India)
    Current Employee - Senior Tech Associate in Chennai (India)
    Recommends
    Positive Outlook

    Pros

    1.Company environment is good
    2.free cab and free sodexo meal pass

    Cons

    1.Most of the projects relatedto support
    2.They don't allow mobile phone in side the office
    3.internal politics

    Advice to Management

    Please consider employees are humans those are not machines

  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. "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


  5. "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


  6. "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


  7. "It was a good entry level position after college, but glad I've moved on."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Analyst
    Current Employee - Financial Analyst
    No opinion of CEO

    Pros

    The team leaders were strong and supportive. And the comradeship between the analysts and associates was incredible. Also, I think we had one of the best Quantitative Support teams in the business.

    Cons

    Beyond the individual team leadership, there was practically none. No clear direction for the company or the business units. Senior executives were absent. The company handled the merger with Merrill Lynch incredibly poorly. I still understand there is animosity between the two loyalties.

    Advice to Management

    Try to develop more of a horizontal structure. It's important for the young people (and old people) to see they have support from management and understand the goals of the company.

  8. "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.


  9. "Worked at BofA during the financial turmoil of 2008, as an analyst"

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

    Pros

    - comparable to other financial institutions in analyst pay and benefits

    Cons

    - hired way too many analysts than were jobs available
    - did not communicate warnings, or information about analyst career oppportunities and where the company was headed (and did not quell negative rumors either)
    - managers were confused and could not lead teams effectively under duress from above issue

    Advice to Management

    - communicate better with MDs


  10. "Your Mileage May Vary"

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

    Pros

    Some great and talented people work here
    Salary is good

    Cons

    Offices other than the BOAT [Bank of America Tower] are pretty mediocre

    Everything depends on your immediate and one level up manager, if they aren't appreciate of their workers, don't expect any recognition.....at all

    Advice to Management

    Stop bringing in outsiders to run the company, grow talent from within, seriously, you have some really gifted people in mediocre mid management roles, seek them out!


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