Bank of America Vice President Reviews

Updated May 6, 2021

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4.1
82%
Recommend to a Friend
95%
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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
884 Ratings

Ratings by Demographics

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  1. 5.0
    Current Employee, more than 3 years

    Love the company

    Apr 29, 2021 - Vice President SBB in Dallas, TX
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Great benefits and great salary/bonus

    Cons

    Micromanaged if not performing which is reasonable

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  2. 1.0
    Former Employee, more than 1 year

    Workplace drama, management that doesn't care about strategic solutions, hell for junior level employees

    Apr 5, 2021 - Assistant Vice President In Equities Derivatives IT 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Good teams, strong developers, knowledgeable business, potential for interesting work and internal mobility looked good (although I never moved, I saw many people moving internally and enjoying their new roles)

    Cons

    Terrible frequently changing management lead to confused goals and money wasted on scrapped projects; management promotes bad workplace culture and doesn't care about the employees; HR and managers turn a blind eye to inappropriate behaviour in the office (affair between manager and direct report, teammates asking me inappropriate personal questions of a sexual nature in the office, the list goes on. Don't bother going to your manager or HR, they will literally tell you "I'm tired" because they are too worried about their own agenda to protect junior female employees. People would move to new roles within the company and leave behind major problematic projects and barely finished work for junior level employees with the advice "go figure it out";

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    3 people found this review helpful
  3. 3.0
    Current Employee, less than 1 year

    Make lots of Monies

    May 5, 2021 - Assistant Vice President in Phoenix, AZ
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Monies, lot of Monies, benefits, free lunch, and more money

    Cons

    no work life balance, upper management, they don't value their employees, high turnover rate, lots of pay cuts, lots of sale roles being phased out , lots of Politics. no upward movement

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  4. 3.0
    Current Employee, more than 1 year

    Lots of Pros, Lots of Cons

    Mar 12, 2021 - Vice President Credit Risk Analyst II in Charlotte, NC
    Recommend
    CEO Approval
    Business Outlook

    Pros

    The pay is very competitive and there is a lot of opportunity to get involved in various aspects of credit risk. So the opportunity is there for the taking. The bank also supports career mobility both horizontally and vertically and has a great risk management principals.

    Cons

    This relates primarily to my perception of the culture, but in general everyone's experiences will probably have a lot of various. But to focus on trends - not a lot of collaboration - work as well as compensation tends to be divided and the company rank orders performance based on executives tiering system. Most of the decision-making and information sharing occurs at the senior leadership level, so although there's lots of opportunities to learn and it's difficult for it to translate into a clear understanding of what to prioritize and how to make a meaningful contribution. Higher job titles or other groups may view this in a different way.

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    1 person found this review helpful
  5. 4.0
    Current Employee, more than 5 years

    Solid place to work- your network is everything

    Apr 26, 2021 - Vice President Digital in Austin, TX
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Large organization where you can do essentially any role depending on your career path. A lot of "extracurricular" activities to support such as local market engagement, volunteer work , etc. Good changes for visibility to senior leaders. Great performance under current CEO with growth every quarter.

    Cons

    Your performance will only take you so far. This company is all about networking and using your connecting to move forward. Being good at your job alone means nothing. Bonus structure is unclear...and like a lot of large companies things do move slowly at times.

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  6. 3.0
    Current Employee, more than 10 years

    Bad company for young people looking for challenging, rewarding work environment. Good company for people with families.

    Apr 23, 2021 - Vice President in New York, NY
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Excellent Work Life Balance. Amazing benefits, especially for families. People at work are generally very good, and will care for you. Some pockets within the bank are doing good challenging work, which will teach you transferable skills.

    Cons

    They don't pay well at all. Stagnant growth (hardly any promotions beyond VP level) Pay is not based on performance but at manager discretion. No transparency with pay. They don't hire FTE anymore. Hire only contractors.

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  7. 4.0
    Current Employee, more than 10 years

    One of the best places to work.

    May 6, 2021 - Vice President in Jersey City, NJ
    Recommend
    CEO Approval
    Business Outlook

    Pros

    ESOPs, Great culture and values

    Cons

    Getting promoted to next level requires few years worth of effort.

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  8. 3.0
    Current Employee, more than 5 years

    Culture

    Apr 19, 2021 - Vice President Project Delivery 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    You will never be bored

    Cons

    The Management Style is 'Do as I say, Not as I do'. Old management philosophy contributes to the lack of employee accountability which I feel is rooted from their employees not feeling empowered to make simple decisions. The companies incentive pay to their employees is not clearly defined and appears to give more incentive pay based on time with the company, rather than the performance of their employees

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  9. 5.0
    Current Employee, more than 5 years

    Great place to work

    Apr 19, 2021 - Assistant Vice President Small Business Banker in Boston, MA
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Great compensation, room for growth

    Cons

    Micro management during COVID, a lot of repetitive trainings.

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  10. 1.0
    Former Employee, more than 5 years

    The worst company on the planet

    Mar 21, 2021 - Vice President 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    I can’t think of any

    Cons

    I worked in the equity research department. It is the worst managed entity. Poor leadership from the top that runs deep into all management layer. A clique of management that has worked with each other for 2 decades and ensure all value accrues to them and them only. The institutional investor ranking they keep promoting is a stale and deeply flaws popularity contest buy side investors pay no attention and pay nothing for. Opportunities for advancement have little to do with performance, hence the alarming churn rate across the board. Even v senior people now exciting this sinking ship as the blood is being sucked out of the place by a group of terrible equity managers ( look no further than the drama that unfolded during COVID in sales and trading). Technically the entire dept should be reorganized and new leaders need to be brought on form outside (after sucking the place dry for over 20 years how much more is enough).

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