Bank of America Reviews in Summit, NJ | Glassdoor

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Bank of America Summit Reviews

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Summit, NJ

3.0
StarStarStarStarStar
Recommend to a friend
Approve of CEO
Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
1 Rating

1 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. "Good benefits, salary, opportunities; High Stress, Retail, 6 days a week"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Banking Center Manager II in Summit, NJ
    Former Employee - Banking Center Manager II in Summit, NJ
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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

    Pros

    Good benefits and salary. A lot of opportunities if you develop relationships internally but that takes a lot of work, moving from retail banking to other divisions is difficult but can be done. Good people to work with and if you are fortunate enough to be hired into a good banking center with a good location, goals are attainable. Salary and bonus payouts are nice, if you spend a lot of time developing your team as a manager you will have a dependable high performing team (like anywhere else)

    Cons

    High stress, constant change and senior leadership turnover. Sales goals can be fMost employees in retail work 6 days a week and if you're an exempt employee and wish to take a half day in the middle of the week to make up for working the saturday you must use leave which seems like a bush league move for a big bank that expects a lot from its managers. Overall I would say BofA is not bad and will help pay the bills and get you going in banking if you're motivated and self starting but there are a lot better jobs in banking out there (small banks are probably best, big banks seem to be all the same) and if you can find one of those you should take it.

    Advice to Management

    Not much they can do the company is too big. They seriously need to streamline manager duties and reporting for employees but the company is a labyrinth that makes it difficult.


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