Bank of America Reviews in Singapore | Glassdoor

Bank of America Singapore Reviews

Updated October 28, 2017
81 reviews

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Singapore (Singapore)

3.8
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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
17 Ratings

81 Employee Reviews

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Pros
Cons
More Pros and Cons

  1. "Internship"

    StarStarStarStarStar
    • 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.


  2. "AVP"

    StarStarStarStarStar
    • 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

  3. Helpful (1)

    "Good to gain experience"

    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)
    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


  4. "Solid Internship Experience"

    StarStarStarStarStar
    • 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!


  5. "Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Technology Leadership Program Associate in Singapore (Singapore)
    Current Employee - Technology Leadership Program Associate in Singapore (Singapore)
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Good company culture and nice people

    Cons

    Promotion may be slow in the first 3 years


  6. "Aml operations high attrition rate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - AML Operations in Singapore (Singapore)
    Current Employee - AML Operations in Singapore (Singapore)
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Flex plan min 3k if you have kids it's 6k

    Cons

    Long working hours
    No room for promotion unless you are indian - boss for aml ops is indian
    Pro business no sense of compliance culture
    Too many red tape before escalation can go to compliance
    Stationary items have to be recorded for every pen /notebook taken
    Procedures keep changing every 6mths with no implementation plan

    Advice to Management

    Management has to change from top down in order for people to stay. Else people on the ground are quiting


  7. "Merrill Lynch"

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

    I have been working at Bank of America full-time

    Pros

    Nice colleagues. Benefit is good and flexible

    Cons

    Increment is not as much as expected

  8. "analyst"

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

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

    Pros

    Good company with very good employee benefits

    Cons

    Its located in singapore as asia hqd

    Advice to Management

    None


  9. "Great benefits"

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

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

    Pros

    Excellent health and insurance coverage with added flexi points which can be used to offset personal expenses such as holidays and tax

    Cons

    Slow to react to market conditions. Lack off govermance and direction


  10. "VP"

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

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

    Pros

    Good exposure, mentors and colleagues. Not overly cut throat. Team work is promoted and rewarded. Good career platform hat provides visibility to junior colleagues.

    Cons

    At times slow and bureaucratic. Slow to take important strategic actions. Need to provide more training opportunities. Better structured recruitment

    Advice to Management

    Keep it up.


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