Bank of America Senior Vice President Reviews | Glassdoor

Bank of America Senior Vice President Reviews

Updated June 6, 2018
252 reviews

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Senior Vice President

3.4
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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
153 Ratings

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. "SVP: Senior Technical Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Vice President Senior Technical Manager
    Current Employee - Senior Vice President Senior Technical Manager
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    It is a wonderful company where you have the ability to learn new and interesting things. As long as you are able to and open minded for change - it is a challenging and rewarding place to work.

    Cons

    It is large corporate world geographically dispersed company

    Advice to Management

    N/A


  2. "Senior Vice President"

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

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

    Pros

    Strong, recognizable, national brand with commitment to the community

    Cons

    Size prohibits ability to be nimble

  3. "No sense of loyalty at this bank."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Vice President in Los Angeles, CA
    Former Employee - Senior Vice President in Los Angeles, CA
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Salaries are decent. Benefits are very good. Most positions start with 4 weeks of paid vacation and 10 days sick time.

    Cons

    You’re just a number. Extremely political and in a constant state of change. Re-orgs on a monthly basis and exec management is clueless. Unless you’re a politician, you will never survive. Massive and continuous layoffs that never end. There is no sense of stability or security whatsoever. Everyone is constantly on edge waiting for the next re-org, layoff or management change.

    Advice to Management

    Pay attention to the culture surveys. Stop pretending you care and take action to remove the middle and upper middle managers who do not share your vision. Stop the constant cycle of re-orgs, layoffs and more re-orgs.


  4. "Big bank, replete with pluses and minuses"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President - Senior Project Manager in Calabasas, CA
    Former Employee - Vice President - Senior Project Manager in Calabasas, CA
    Recommends

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

    Pros

    Professional organization. Atmosphere is very collegial. Lots of good people working there

    Cons

    Subject to all the same big-business inanity as other large companies. When profits drop 20 basis points, they stop providing coffee cups, spoons and sugar for employees.

    Advice to Management

    Get in touch with what the working employees three levels down from you are experiencing.


  5. "Worth the Benefits"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President, Senior Operations Project Analyst in Simi Valley, CA
    Current Employee - Assistant Vice President, Senior Operations Project Analyst in Simi Valley, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Bank of America full-time (More than 8 years)

    Pros

    Benefits options for a single parent are worth the cons

    Cons

    Would like more transparency and consistency.

    Advice to Management

    Be more transparent; less surprises would be appreciated.


  6. "Mortgage technology"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Vice President Database and Administration Manager in Simi Valley, CA
    Current Employee - Senior Vice President Database and Administration Manager in Simi Valley, CA
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Good benefits, safe and pleasant environment

    Cons

    Funding of projects are still in waterfall mentality

    Advice to Management

    Fund agile teams not projects


  7. "SVP, Credit Risk"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Vice President, Credit Risk in Charlotte, NC
    Current Employee - Senior Vice President, Credit Risk in Charlotte, NC
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    - Flexible Work Environment
    - Benefits

    Cons

    - Very bureaucratic
    - Pay not competitive in industry

  8. Helpful (1)

    "Work hard...hardly work..same outcome"

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

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

    Pros

    401-K match....$500 health care discount if you do the health screening. Paid vacation

    Cons

    Absolutely does not reward loyalty...horrible pay inequality. Solution when I learned I wasn’t in the pay range for my job role...a demotion so I was. Solution when my manager need more direct reports to keep his job...demotion to individual contributor. Reward for negotiating millions of dollars in cost savings...meets/meets on year end review. Having to manage people hired after you who make thousands of dollars MORE than you do! Big DEmotivator.

    Advice to Management

    Practice what you preach....reward loyal employees. New hires in similar jobs should never be making more than current employees. Knock off the stupid pay for popularity mid year and year end evaluations. We all know you USE that to keep our pay as low as possible. Stop the endless changes. I’ve had 20 managers in 21 years...4 in the last year alone. You have some of the most stupid people in management I’ve ever seen. Start cleaning your house at the top.


  9. "Senior Vice President of National Sales"

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

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

    Pros

    Great brand and great people

    Cons

    Too big to big nimble

    Advice to Management

    Take care of your top talent


  10. Helpful (2)

    "Company Is Not Employee-Centric"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Vice President in Charlotte, NC
    Current Employee - Senior Vice President in Charlotte, NC
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

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

    Pros

    4 weeks vacation, 2 weeks sick time, and 10 company holidays per year.

    Cons

    With cutbacks happening at senior levels, employees are expected to remain at same level with same pay while taking on new responsibilities that used to belong to more senior individuals. This is not limited to one division - it is company-wide.

    Health care benefits are overly expensive vs other companies.

    Advice to Management

    Focus more on improving compensation for your loyal employees.