Bank of America Reviews in United Kingdom | Glassdoor

Bank of America UK Reviews

Updated June 4, 2017
178 reviews

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United Kingdom

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

178 Employee Reviews

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  1. "Spring Intern"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Spring Intern in Chester, England (UK)
    Former Employee - Spring Intern in Chester, England (UK)
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Decent coverage in all sectors of IB

    Cons

    No work shadowing, or chance for summer internship fasttrack

    Advice to Management

    Keep it going


  2. "average experience"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Trader in London, England (UK)
    Former Employee - Trader in London, England (UK)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    - very good pay and great perks
    - opportunities to be involved with volunteering / charity work

    Cons

    - poor work life balance
    - tense company culture due to constant layoffs
    - very little mobility within the company
    - very hierarchical management structure
    - not an innovative or forward thinking culture

    Advice to Management

    The company should adopt a more forward thinking strategy. Embrace tech more rather than waiting to be disrupted by fintech players. Aim for a flatter hierarchy in the company and more communication between employees and top management.


  3. "Merrill Lynch"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor in London, England (UK)
    Former Employee - Financial Advisor in London, England (UK)
    Recommends
    Positive Outlook
    Disapproves of CEO

    Pros

    Good ethical company, lots of opportunities

    Cons

    Changed dramatically from when I was employed by Merrill Lynch Wealth Management and not for the better.


  4. "Good"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in London, England (UK)
    Current Employee - Associate in London, England (UK)
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Big company with great name recognition but little opportunity to move departments. I would recommend if starting out on your career.

    Cons

    Little opportunity to move. Decreasing pay and perks. Huge ammonium by of outsourcing taking place so job security not assured.


  5. "Customer service advisor"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Customer Service Advisor in Chester, England (UK)
    Current Employee - Customer Service Advisor in Chester, England (UK)
    Neutral Outlook

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

    Pros

    Great place to work, very friendly people and lovely environment

    Cons

    The pay may be improved, and the route to career progression improved

    Advice to Management

    Give chance and opportunities to progress career wise to employees with qualifications better than their current post or positions


  6. "People new to banking will accelerate their careers up to a VP level very well as long as they remain focussed."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President Technology Manager in London, England (UK)
    Current Employee - Vice President Technology Manager in London, England (UK)
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Some very skilled people to work with. Excellent working environment! There are opportunities to participate in philanthropic work and hiring. Sites have a number of facilities like gym, doctor, dentists, physio etc. There is a good focus on wellness and looking after yourself.

    Cons

    Limited movement if you show your skills. Management act supportive but are really in it for their own agenda! Life becomes overly political! Has a tendency to push work offshore but don't attract the best talent out there. Which puts additional pressure on local resources to deliver whilst dragging the dead weight.

    Thought on technology selection has always been something of a "we need one of those" rather than is this the right choice for the organisation?!

    Advice to Management

    Listen to the concerns of your staff before they get so frustrated they decide to leave! When money is a concern, but not the primary throwing money at the problem doesn't solve the issue! Understand that taking resources away from critical projects with critical people will only go some way to drive those critical people away! Have managers who are prepared to be hands on. I had a manager that went on virtually every training course the developers went on but, I have yet to see that manager write a single line of code! Rather than waste time and money behind these managers who can manage upwards but are like tyrants to their teams , they should look to promote the talented developers who deliver a clear strategic vision for their projects, some of whom manage or work on multiple projects and are continuously overlooked for promotions!


  7. "Good experience"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Product Control Analyst in Chester, England (UK)
    Current Employee - Product Control Analyst in Chester, England (UK)
    Recommends
    Positive Outlook

    I have been working at Bank of America full-time

    Pros

    Good experience - valued elsewhere

    Cons

    Pay, lack of progression, lack of variety in workload


  8. "Decent, could be better"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Software Engineer in London, England (UK)
    Former Employee - Senior Software Engineer in London, England (UK)
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Work was very easy. The environment was relaxed.

    Cons

    Many redundant people, most technologists are useless but it's hard for upper management to observe that because the environment is very opaque.

    Advice to Management

    Fire 50% of employees and there will be no difference in productivity


  9. "Good"

    Star Star Star Star Star
    Current Employee - Anonymous Employee in Chester, England (UK)
    Current Employee - Anonymous Employee in Chester, England (UK)
    Doesn't Recommend
    Neutral Outlook

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

    Pros

    Get to build hours quick

    Cons

    Not where I want to be long term

    Advice to Management

    Would rather not say tbh


  10. "Spring Intern"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Intern in London, England (UK)
    Former Intern - Intern in London, England (UK)
    Recommends
    Neutral Outlook

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

    Pros

    Learnt a lot about the structure of a bank and how different divisions work.

    Cons

    Felt like the atmosphere was always very intense and competitive.


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