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    Bank of America Senior Vice President Reviews

    Updated December 5, 2018
    257 reviews

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    Senior Vice President
    3.5
    StarStarStarStarStar
    Rating TrendsRating Trends
    Recommend to a friend
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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. Join the Bank of America team
      See Our Latest Jobs

    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.