Bank of America Reviews in Singapore | Glassdoor

Bank of America Singapore Reviews

Updated February 11, 2018
87 reviews

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Singapore (Singapore)

3.7
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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
20 Ratings

87 Employee Reviews

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Pros
Cons
  • Bonuses Training Work life balance (in 489 reviews)

  • Communication with upper management can be difficult (in 432 reviews)

More Pros and Cons

  1. "Transition to BA"

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    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - VP-Senior Analyst in Singapore (Singapore)
    Former Employee - VP-Senior Analyst in Singapore (Singapore)
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Short time during the transition from ML to BA, I experienced equivalent, skilled and passionate people about getting the work done.

    Everybody made it happen, I'm sure that positive attitude still exists.

    So time will not be wasted working with anyone here.

    Cons

    The above statement can differ based on region.

    Probably changed now(during a transition), but at the time showed signs of a US biased view of the world. But measure that with each region had a different culture and different solution. So that view can be different based on where you are sitting (especially from a legal stance).

    You can only change something from the inside, so join.

    Advice to Management

    The more you step away from the business, the more you are a cost. In general Reporting for Reporting sake does not add value. Sigma Six with additional reporting fields does not change the outcome of anything, especially if you don't know whos reading it or why!.

    Anything you are doing as you get nearer to the business, you are doing ok.

    Projects/Systems that arn't owned or lack direction, get someone to own it.

    Fluffy cushions/room didn't solve the morale during the downturn (Ml Sadly prior to BA), just an observation. Reporting what the business required to add revenue, probably would help more, even if its just to retain nervous staff.


  2. "Internship"

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    Former Intern - Anonymous Intern in Singapore (Singapore)
    Former Intern - Anonymous Intern in Singapore (Singapore)

    I worked at Bank of America as an intern (Less than a year)

    Pros

    - Interactive learning environment
    - Weekly catch up with buddy

    Cons

    - Sometimes too free
    - Not very technical

  3. "Software kits are too old and internal"

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    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Anonymous Contractor in Singapore (Singapore)
    Current Contractor - Anonymous Contractor in Singapore (Singapore)

    I have been working at Bank of America as a contractor (More than a year)

    Pros

    Most people are nice. No over time generally.

    Cons

    Software kits are too old. Most of them are internally developed and hardly to be used later if you change to another company

    Advice to Management

    Good mgmt


  4. Helpful (1)

    "Rewarding if you can survive the bureaucracy"

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    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President Business Control Manager in Singapore (Singapore)
    Current Employee - Vice President Business Control Manager in Singapore (Singapore)
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Mobility, exposure to various markets and top companies, lots of opportunities to learn and develop, working with intelligent people at most times, good d&i culture

    Cons

    Bureaucracy, very control focused to the extent that it disrupts business, lack of communication, poor pay which is only negotiable when you have a counter offer from a competitor. Entry point but no good for middle managers


  5. "Technology Support"

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    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in Singapore (Singapore)
    Current Employee - Vice President in Singapore (Singapore)
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    - Good management
     - Going in right direction

    Cons

    - Average compensation
     - Reluctant to reward skilled junior talent with hikes, open to risk off brain-drain
     - Long hours working with global teams

    Advice to Management

    - No issue making cuts across headcount yet imagine if top execs deferred bonus for 1 year
     -Risk being left behind on talent to tech companies


  6. Helpful (2)

    "Good company values, not always adhered to though"

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    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Technical Manager in Singapore (Singapore)
    Former Employee - Technical Manager in Singapore (Singapore)
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Good values, good employee engagement, good diversity and inclusion. Decent working conditions. Mixed leadership, some are excellent, others not so.

    Cons

    Being regional employee, at a disadvantage as all the shots are called in the US. Too many personnel changes, staff reductions. Most focus is on cost reduction, no chance to create much. Lack of trust and transparency thus folks continually worry about keeping their job. Too many evening meetings and lack of respect for work/life balance.

    Advice to Management

    You encourage everyone to speak up, that there will be no recriminations. I spoke up, then my US manager didn’t speak to me for 2 months, I only received terse and brief emails. Then I was let go without warning, despite being a top performer for 4 out of 5 years. It’s about time HR reintroduced exit interviews.


  7. "Internship"

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    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Technology Analyst in Singapore (Singapore)
    Former Intern - Technology Analyst in Singapore (Singapore)
    Recommends

    I worked at Bank of America as an intern (Less than a year)

    Pros

    Excellent culture, managers are really nice to help interns.

    Cons

    I cannot think of anything now.

  8. "AVP"

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    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - AVP-Analyst in Singapore (Singapore)
    Former Employee - AVP-Analyst in Singapore (Singapore)
    Recommends

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

    Pros

    Good work culture. Again depends on team to team and the manager.

    Cons

    Depends on team to team

    Advice to Management

    Maturity


  9. Helpful (1)

    "Good to gain experience"

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    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President in Singapore (Singapore)
    Current Employee - Assistant Vice President in Singapore (Singapore)
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Bank of America full-time (More than 3 years)

    Pros

    - Opportunities are given regardless of experience level; Management is happy to let even junior employees take on important work, as long as they prove themselves
    - Work hours are reasonable for most teams

    Cons

    - Understaffed in many areas, leading to situations where people are required to cover scopes broader than expected
    - Lower than average compensation
    - Aggressive cost cutting
    - Talent retention is an issue

    Advice to Management

    Long term aggressive cost cutting can lead to morale issues and loss of talent. At some stage investment has to be done to keep up with competition and keep a healthy working atmosphere. Superficial employee engagement only serves to drain an already demoralized workforce


  10. "Solid Internship Experience"

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    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Intern in Singapore (Singapore)
    Former Employee - Intern in Singapore (Singapore)

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

    Pros

    Collegial environment so as an Intern you can learn from different teams with minimal friction

    Cons

    Should be more structured and expectations from interns should be more clear

    Advice to Management

    Spend more time with the interns!


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