Bank of America Senior Vice President Reviews | Glassdoor

Bank of America Senior Vice President Reviews

Updated December 5, 2018
257 reviews

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Senior Vice President

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

Employee Reviews

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Pros
Cons
  • "Work/Life balance can be overwhelming" (in 515 reviews)

  • "Lack of communication in upper management" (in 448 reviews)

More Pros and Cons

  1. "Senior Vice President"

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

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

    Pros

    *Progressive Management
    *Employee Flexibility
    *Commitment to Diverse Workforce
    *Continuing Education Support
    *Supportive Environment
    *Globally Focused Corporate Culture

    Cons

    *Bonus and pay may be under market for middle management


  2. "SVP"

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

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

    Pros

    Global business model and lots of opportunity

    Cons

    bad bad corp politics

  3. "A good place to work, if you are on the right team."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Vice President in Boston, MA
    Former Employee - Senior Vice President in Boston, MA
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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

    Pros

    Great benefits. BofA is committed to doing great work in their communities.

    Cons

    If you are in a line of business it can be good. If you are in a support function, you will be perpetually under-resourced and at least on the team, I was a part of we had limited credibility with management. Getting quality work done without interference was impossible. Lots of nepotism/favoritism.

    Advice to Management

    Make rules that make sense. Not arbitrary ones that mean losing good people.


  4. "Culture is changing, would have rated higher a few years ago"

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

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

    Pros

    Decent Benefits including PTO, sick days, healthcare and 401k contributions
    OK work-life balance
    Investment in Technology
    Community Reinvestment
    Increased dividend in 2018
    Diversity and Inclusion commitment
    Severance package if you are laid off
    Nationwide presence, competitive across multiple products and LOBs
    Some very good people and leaders, lots of legacy (MBNA) talent

    Cons

    Career Advancement
    Moving in the wrong direction regarding remote work and flexibility
    Lack of consistent policies and treatment across LOBs
    Tendency to be behind competitive trends, especially in the credit card space
    Layoffs, especially on the technology side of the business
    Pay below the market rate, especially if you have been there several years
    Stock buyback having minimal impact on share price YTD
    Changing the culture to create attrition and avoid severance packages

    Advice to Management

    In a world where climate change is real, you report that you are committed to environmental sustainability yet how many cars have you put back onto the roads around Charlotte, Delaware, Boston, etc ., in the name of face time? When MyWork and VPN time was permitted and encouraged, the company was doing fine. During that time financials were impacted by the poor decision to purchase Countrywide ( I get it, different CEO). It is unfortunate you let a few bad apples spoil the bunch. Brian preaches responsible growth, well ask yourselves how responsible is it making people drive into an office everyday, sometimes as far as 30 miles one way? Take that into account for the company's carbon footprint. Also, why consolidate down to one building in Wilmington that has the smallest parking garage? We know it's coming so why not just get out of Wilmington entirely. Stop delaying the inevitable because a few Executives don't want to drive to Newark every day. This feedback should be no surprise to Management - I wrote the same thing in my Associate Survey. I doubt this will happen, but I'll try it anyway - voluntary severance packages PLEASE.


  5. Helpful (1)

    "Bank of America Technology Team"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Vice President, Senior Technology Manager
    Former Employee - Senior Vice President, Senior Technology Manager
    Approves of CEO

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

    Pros

    Senior executive management is committed to equal opportunity, diversity, employee empowerment, serving customers, and innovation.

    Cons

    Middle management executives are too frantically short-term-focused, switching priorities on a whim, and disrupting the flow of work. The leadership team speaks the word "Agile" but has no concept of Agility and consequently runs their technology teams into the ground.


  6. "SVP"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Vice President in New York, NY
    Former Employee - Senior Vice President in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Best bank in the market.

    Cons

    Bureaucracy, still a big bank with heavy regulatory oversight.


  7. "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

  8. "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.


  9. "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.


  10. "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.