Bank of America Vice President Reviews | Glassdoor

Bank of America Vice President Reviews

Updated December 5, 2018
1,171 reviews

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Vice President

3.5
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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
603 Ratings

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. Featured Review

    Helpful (4)

    "Great company to work for!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President in Atlanta, GA
    Current Employee - Assistant Vice President in Atlanta, GA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Fantastic benefits and great leadership and atmosphere to work in! Great work life balance!

    Cons

    Large corporation, don't always agree on some of the organizations we support.

    Advice to Management

    Keep up the great work!


  2. "Senior Vice President"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President Senior Business Leader in Charlotte, NC
    Former Employee - Vice President Senior Business Leader in Charlotte, NC
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Bank of America (More than 8 years)

    Pros

    *Progressive Management
    *Employee Flexibility
    *Commitment to Diverse Workforce
    *Continuing Education Support
    *Supportive Environment
    *Globally Focused Corporate Culture

    Cons

    *Bonus and pay may be under market for middle management

  3. "Vice President"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in Charlotte, NC
    Current Employee - Vice President in Charlotte, NC
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Ability to work in Emergining Technlologies

    Cons

    No growth path unless someone moves or leaves


  4. "Assitant Vice President"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President in Brooklyn, NY
    Current Employee - Assistant Vice President in Brooklyn, NY
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Good work life balance. Few times it can be stressful depending on the team.

    Cons

    pay is average. employee benefits are not too great.


  5. "Good benefit"

    StarStarStarStarStar
    Former Employee - Vice President in Plano, TX
    Former Employee - Vice President in Plano, TX

    I worked at Bank of America full-time (More than 8 years)

    Pros

    good benefit like vacation and sick days

    Cons

    old technology and very limited opportunity for training


  6. "SVP"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Vice President in Charlotte, NC
    Former Employee - Senior Vice President in Charlotte, NC
    No opinion of CEO

    I worked at Bank of America full-time (More than 10 years)

    Pros

    Global business model and lots of opportunity

    Cons

    bad bad corp politics


  7. Helpful (1)

    "Global Technology & Operations"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President, Operations Project Consultant in Plano, TX
    Current Employee - Vice President, Operations Project Consultant in Plano, TX
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    - Benefits
    - Work from home (although this is decreasing)
    - Associate development (with a caveat...only if you actively pursue, lots of events and courses on learning portal and if you have buy-in from your manager)

    Cons

    Micromanagement exists and some manager will put a target on low performers.

    Advice to Management

    As seen in a few other reviews, people don't leave jobs, they leave bad management. Take a look at managers who have multiple people leave their team and really deep dive into their survey results. At first I thought I was being overly sensitive working for this most recent manager; however, after hitting my tipping point of "enough" and talking with people who have left the team, I realized it's not me...it's the manager.

    I've been with the bank for over 10 years; however, I'm now looking for opportunities outside the bank. It's been a good run; however, the old buildings and extremely lax dress code make the Plano campus feel run down. With Toyota headquarters and new Legacy West developments down the street, we'll see if the grass is greener on the other side.

  8. "Vice President Small Business Banker"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President Small Business Banker
    Former Employee - Vice President Small Business Banker
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Great salary, bonuses and benefits.

    Cons

    Needs better systems and structure.

    Advice to Management

    Invest in better training and systems.


  9. "Vice President (Tech)"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President - Technology in New York, NY
    Current Employee - Vice President - Technology in New York, NY
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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

    Pros

    Big corporate so there is always a wide variety of stuff happening.. Which is cool.

    Cons

    The compensation numbers are not at industry levels and that's why they are losing a lot of talent.

    Advice to Management

    Fix the compensation structure or you'll keep losing good people.


  10. Helpful (1)

    "Management makes all the difference."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President
    Current Employee - Vice President
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I have been working at Bank of America full-time (More than 8 years)

    Pros

    I have had the opportunity to work for some great managers here, and some that are not so much so. Your experience will depend very much on the chain of command in your immediate are.

    Cons

    Promotions, bonuses and salary increases are few and far between. Further, no obvious rationale for how those decisions are made.

    Advice to Management

    Management quality is really inconsistent across the company. Poor management can sink morale quickly. Further, the performance review process is ridiculous. There is zero transparency into how rating, promotion, bonus, decisions are made.