Bank of America Senior Vice President Reviews | Glassdoor

Bank of America Senior Vice President Reviews

Updated February 21, 2019
262 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
158 Ratings

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  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. "Good Company"

    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
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Great benefits and opportunities to grow through your career

    Cons

    Often the higher ups end in roles that they are unable to function effectively. Difficult for improvements to be made in those circumstances.

  3. "Great company and benefits"

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

    I worked at Bank of America full-time (More than 5 years)

    Pros

    Flexible schedules
    Caring good people to work with
    Recognizes good work with opportunity to move up
    Title promotions

    Cons

    Everyone constantly on - little work/life balance
    Low bonus opportunities
    Small raises barely keep up with inflation


  4. "Great Benefits But Tough to Get Anything Done"

    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
    Disapproves of CEO

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

    Pros

    Benefits and work/life balance are great.

    Cons

    Bureaucracy x 100. Many corporate decisions will leave you scratching your head.

    Advice to Management

    Seek advice of your managers.


  5. Helpful (1)

    "A good place for early career expouser , but more toxic as you rise"

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

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

    Pros

    Large platform, access to many offerings.

    Cons

    Senior management team seems to be always at odds with one another resulting in a distrusting culture of associates below. The lines of business are often disconnected and without a true singular enterprise objective. Band 3-1 managers are often good to task, but lack leadership skills- there is little development/growth opportunity for bands 4 and above who are often punished for seeking better opportunities.

    Advice to Management

    Stop the infighting at the senior leadership level and look for a leader(s) who can bring teans together for a common cause versues a “gotcha” competition style leadership.

    Spend time developing emerging leaders and promote them to other lines of business, don’t punish them with poor work environments/rateings because they want to improve. Reward those who are innovative, do not stifle their progress by adding layers of opinions from lines of business/support staff who really have no stake in the work other than self precived importantance. Progress is often stifled by prolonged meeting cycles with middle managers who have no programmatic impact other than a self-perceived need to know. Empower decision makers, don’t handcuff them.


  6. Helpful (1)

    "Not the best place for technologists"

    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
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    * Good benefits for Charlotte
    * Decent WLB

    Cons

    * If you have more than 10 years of experience and like working with modern technology, this is not the place


  7. "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

  8. "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.


  9. "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.


  10. 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.