Bank of America Reviews in United Kingdom | Glassdoor

Bank of America UK Reviews

Updated November 29, 2018
233 reviews

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United Kingdom

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

233 Employee Reviews

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Pros
Cons
  • "Work/Life balance can be overwhelming" (in 515 reviews)

  • "Lack of communication in upper management" (in 448 reviews)

More Pros and Cons

  1. "ITIL qualified Technology Service Delivery Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Incident Manager in Chester, England (UK)
    Current Employee - Incident Manager in Chester, England (UK)
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Bank of America full-time (More than 10 years)

    Pros

    Situated locally, excellent broad range of benefits, opportunities to grow and develop moving across lines of business.

    Cons

    Roles require commitment, management are not always located in your office location.


  2. "good culture, good opportunity, big bank"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President in London, England (UK)
    Current Employee - Assistant Vice President 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

    decent benefits, good culture, good growth trajectory

    Cons

    very big bank and therefore very easy to get lost in the machine

  3. "senior analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Analyst in Chester, England (UK)
    Current Employee - Senior Analyst in Chester, England (UK)
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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

    Pros

    good pay, good system, ability to work from home when you need it

    Cons

    poor training, management is not interested in people, no personal development support


  4. Helpful (1)

    "No career progression"

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

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

    Pros

    Can’t really think of any

    Cons

    Lack of career progression
    Company does not care if you’re deskilled in the process of working there
    Offices old and cramped and lack facilities
    No real culture of appreciation- company pushes a superficial culture of ‘appreciation’ with cheap tricks like e badges and e cards with no value.
    No desire to keep good employees, middle managers focused on covering their own backsides.

    Advice to Management

    Ditch quartz as soon as you can


  5. "Poor management"

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

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

    Pros

    Good name on CV
    Good benefits (similar as most big companies)
    Very flexible working hours (regular wfh, gym during the day)
    Good team spirit and nice colleagues
    Very secured jobs
    Very strong help towards women in technology

    Cons

    Low base salary and poor bonuses for perm, annual pay rise below inflation rate.
    Annual review process is a joke (shady rating system)
    Huge hassle to move from Analyst to AVP for very little pay rise
    Hard to move internally (impossible if you don't know the team members/manager you are want to move to)
    Significant amount of offshore colleagues, can ranged from excellent to really poor (skills and communication)
    Lack of training

    Advice to Management

    Simply need to listen to people at the bottom and try to thrive to something better.


  6. "Risk Management"

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

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

    Pros

    Good People, Lots of networking opportunities, fair on family

    Cons

    leadership can be lacking, too big to drive change, lower than market rates

    Advice to Management

    listen more, lead more, pay more


  7. "Nice Company to work for"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    Former Contractor - Anonymous Contractor in London, England (UK)
    Former Contractor - Anonymous Contractor in London, England (UK)

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

    Pros

    Multicultural environment, varied set of tasks, friendly but professional environment. Some assistants are gems

    Cons

    Sometimes it feels you are invisible, some assistants are quite nasty

  8. "nice company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Credit Analyst in London, England (UK)
    Former Contractor - Credit Analyst in London, England (UK)
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Friendly team
    Felt that head of team really had my back
    Good pay for contractors
    Subsidised good

    Cons

    Each part of the bank felt really disconnected
    Very outdated promotional material / 'town halls' felt very stale

    Advice to Management

    n/a


  9. "VP"

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

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

    Pros

    flexible working hours, good benefits and work culture

    Cons

    Compensation and bonus is not that great,


  10. Helpful (2)

    "Typical processes above people type of company. Political correctness above logic common sense."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Senior Software Developer in London, England (UK)
    Current Contractor - Senior Software Developer in London, England (UK)
    Doesn't Recommend
    Negative Outlook

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

    Pros

    Rates and that the pace can be as slow as you like. Even of you do nothing at all as long as you say you do thats tolerated.

    Cons

    Not adopting latest practises or standards in IT industry.
    Resistance to change towards better standards
    Employing based on budget burning and not needs or skill
    The people that make decisions care more about their position than actually delivering something of quality
    Management presence and involvement is sporadic

    Advice to Management

    Good people make good teams. Average people make average teams that cost when it comes down to delivery.


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