Bank of America Senior Vice President Reviews | Glassdoor

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Bank of America Senior Vice President Reviews

Updated February 9, 2018
248 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
151 Ratings

Employee Reviews

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Pros
Cons
  • Sometimes it can be difficult work/life balance (in 477 reviews)

  • terrible upper management leads to many people leaving the company (in 413 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. "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

  3. "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


  4. 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.


  5. "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


  6. 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.


  7. Helpful (3)

    "Not recommended"

    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
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Pay is competitive.
    Benefits are good.
    There are good people.

    Cons

    Long work hours, understaffing, fertile ground for management abuse.

    Advice to Management

    Create an environment where top management is not creating chaos and additional issues for all due to in-fighting.

  8. Helpful (1)

    "Former dedicated employee"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President Senior Business Leader
    Former Employee - Vice President Senior Business Leader
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Bank of America full-time

    Pros

    Unlimited capacity to grow in all areas of your professional career

    Cons

    you are just a number and when yours is up it does not matter if you have excellent reviews or your past contributions, you are no longer needed.

    Advice to Management

    Stick to stated philosophy of attracting and retaining best talent


  9. "Welcome to the Machine"

    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
    Neutral Outlook
    Approves of CEO

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

    Pros

    Healthy company - consistent and predictable pay, expectations, and environment

    Cons

    Opportunities for career growth and advancement are few and far between - even for top performers


  10. "Worst Company To Work For"

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

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

    Pros

    Really, Nothing much to say.

    Cons

    Very punitive, unfriendly working environment.

    Advice to Management

    Don't just think of your large bonuses, think of the customers who have lost everything to you.