Bank of America Reviews in Singapore | Glassdoor

Bank of America Singapore Reviews

Updated September 15, 2018
93 reviews

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Singapore (Singapore)

3.4
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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
22 Ratings

93 Employee Reviews

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Pros
Cons
  • "Work/Life balance can be overwhelming" (in 503 reviews)

  • "Communication with upper management can be difficult" (in 439 reviews)

More Pros and Cons

  1. "One of the best!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - AML Ops Analyst in Singapore (Singapore)
    Former Employee - AML Ops Analyst in Singapore (Singapore)
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Bank of America full-time (More than 3 years)

    Pros

    Very supportive and friendly environment, excellent benefits especially for working parents, strong training program in my department (AML Ops Apac)

    Cons

    No bonus for Band 6 (analyst) and below, lack of clarity in promotion/internal mobility

    Advice to Management

    Connect more with employees to help their goals intertwine with company goals


  2. "great company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Network Engineer in Singapore (Singapore)
    Current Employee - Network Engineer in Singapore (Singapore)
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Bank of America full-time (More than a year)

    Pros

    good insurance plan, decent pay, career mobility,

    Cons

    too many restriction on what you can do, and how you do it, not much growth if you stick in a same role, some in-fighting in same orangization

  3. "Technology grad program"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant Vice President - IT in Singapore (Singapore)
    Former Employee - Assistant Vice President - IT in Singapore (Singapore)
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Bank of America full-time (More than 3 years)

    Pros

    Culture, health benefits, annual leave, friendly managers and colleagues

    Cons

    Salary increment, bonus structure, opportunities for career advancement, US centric decision making


  4. "Competitive environment in a cost cutting period"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in Singapore (Singapore)
    Former Employee - Analyst in Singapore (Singapore)
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Bank of America full-time (More than 3 years)

    Pros

    Trains you to think outside of the box. Great work life balance.

    Cons

    If you under perform you are out as headcounts are reducing.


  5. "working culture"

    StarStarStarStarStar
    • 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)

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

    Pros

    I like the working culture in BOA. They take care not to enforce unwanted pressure on day to day work.

    Cons

    so far comparing to other banks ,did not find any big cons.


  6. "Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Systems Analyst in Singapore (Singapore)
    Former Contractor - Systems Analyst in Singapore (Singapore)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    There is no good reasons to work for BOA.

    Cons

    Terminate you when they don't need you with short notice

    Advice to Management

    Don't hire unless really necessary


  7. Helpful (1)

    "Transition to BA"

    StarStarStarStarStar
    • 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.

  8. "Internship"

    StarStarStarStarStar
    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


  9. "Software kits are too old and internal"

    StarStarStarStarStar
    • 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


  10. Helpful (1)

    "Rewarding if you can survive the bureaucracy"

    StarStarStarStarStar
    • 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


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