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Bank of America Vice President Reviews

Updated June 17, 2018
1,131 reviews

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Vice President

3.4
StarStarStarStarStar
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Recommend to a friend
Approve of CEO
Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
582 Ratings

Employee Reviews

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Pros
Cons
  • "Bonuses Training Work life balance" (in 492 reviews)

  • "Communication with upper management can be difficult" (in 435 reviews)

More Pros and Cons

  1. Helpful (1)

    "Great benefits and work life balance"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President - Financial Solutions Advisor in New York, NY
    Former Employee - Vice President - Financial Solutions Advisor in New York, NY
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Great benefits and work life balance and some great managers who Care at lower levels, however are pushed along by different focuses every other week that can be difficult to track when changed so often.

    Cons

    Upper management seems disconnected to the pulse in the centers. They give up on a strategy to quickly to see if it has any real effect.

    Advice to Management

    Pick a strategy and stick with it , giving it a chance before giving up and moving onto a different transformation. Change is good but to much change is not.


  2. Helpful (183)

    "You'll need to manage your career there from day one"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President Technology Manager in New York, NY
    Current Employee - Vice President Technology Manager in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Stable, depending on manager you get a lot of support. Lots of benefits and resources at the corporate level. A friendly and collaborative environment that is less cut throat and better work life balance than the rest of the street.

    Cons

    Depends on manager, too much management, a lot of things need to get done but some managers are always looking for resources to manage but won't roll up their sleeves. You don't always have a well defined career plan if your manager needs you in your current position.

    Advice to Management

    HR and senior management need direct dialogues with employees, people are too dependent on personality, opinion and advice of their direct manager who will put their personal needs over the needs of the firm.

  3. "Great place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President in Charlotte, NC
    Current Employee - Assistant Vice President in Charlotte, NC
    Recommends
    Positive Outlook

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

    Pros

    Great benefits, rewards, culture, work-life balance

    Cons

    Not at the forefront of using cutting edge technology


  4. "Great stable position"

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

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

    Pros

    Stability, Benefits, Salary, Structure, Flexibility

    Cons

    Office Politics create issues occasionally


  5. "Bank of America"

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

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

    Pros

    work life balance is taken seriously

    Cons

    advancement clarity is not a corporate virtue

    Advice to Management

    share the wealth


  6. "Senior Vice President"

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

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

    Pros

    Strong, recognizable, national brand with commitment to the community

    Cons

    Size prohibits ability to be nimble


  7. Helpful (1)

    "Vice President Consultant Applications Programming"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President; Consultant Applications Programming in Plano, TX
    Current Employee - Vice President; Consultant Applications Programming in Plano, TX
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Above average benefits for a large corporation.

    Cons

    No longer a good environment for software developers.

    Advice to Management

    Most programmers are introverts. Stop trying to make them extroverts.

  8. "Fantastic company to work for."

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

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

    Pros

    Great work - life balance

    Cons

    Some unrealistic expectations when it comes to deadlines

    Advice to Management

    Well done.


  9. "Avoid"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in New York, NY
    Former Employee - Vice President in New York, NY
    Doesn't Recommend
    Neutral Outlook

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

    Pros

    -Good Work life balance relative to other investment banks

    Cons

    -Bureaucratic
    -It is common knowledge at the band 5 or higher level, that BOA hires and fires capriciously in response to regulatory whims.
    -Prospective job applicants be wary-BOA pays very competitive salaries but does not provide severance packages to laid off employees
    -They will lay you off the second they can find a young foreigner on an H1 Visa who they think they can replace you with more cheaply even though the person can barely speak or write in English coherently..
    -Steer clear as full time employee, best to work for them as contractor

    Advice to Management

    -Hire contractors rather than hiring and firing people capriciously
    -You are taking a lot of reputational risk plus litigation risk.
    - go lower on the base and low on bonus rather


  10. "Great Place"

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

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

    Pros

    Excellent culture, great opportunities,

    Cons

    I haven't had any bad experiences

    Advice to Management

    Nothing