Bank of America Vice President Reviews | Glassdoor

Bank of America Vice President Reviews

Updated May 23, 2017
1,019 reviews

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Vice President

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

Employee Reviews

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Pros
Cons
  • Work/life balance can trend exceedingly work-heavy (in 415 reviews)

  • Communication from upper management to floor not consistent" (in 370 reviews)

More Pros and Cons

  1. Helpful (17)

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

    Star Star Star Star Star
    • 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.


  2. Helpful (1)

    "Close to 20 years of call center experience"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Vice President - Unit Manager in Chandler, AZ
    Current Employee - Senior Vice President - Unit Manager in Chandler, AZ
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Best benefits in the industry and a global presence to allow for relocation in diverse areas. The company truly cares about their employees and makes most decisions with the best intentions at heart.

    Cons

    There are areas of the bank that require a huge amount of physical dedication. These areas are open 24/7 365 days a year and require you to be on call more than doctors.

    Advice to Management

    Continue to recognize talent and compensate appropriately.


  3. "BofA"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in Boston, MA
    Current Employee - Vice President in Boston, MA
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Good work life balance, good benefits

    Cons

    Management changes and reorganization constant


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  5. "Underwriter position - loss mitigation"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Mortgage Underwriter - Assistant Vice President in Chandler, AZ
    Current Employee - Mortgage Underwriter - Assistant Vice President in Chandler, AZ
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Bank of America full-time

    Pros

    good pay, not micromanaged, good benefits, 3 weeks vacation + 10 sick days

    Cons

    upper management is a mess. Chaotic with audit partners, departments are not on the same page.

    Advice to Management

    Stop having everyone work in fear of losing their jobs.


  6. "VP"

    Star Star Star Star Star
    • 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
    Negative Outlook
    Approves of CEO

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

    Pros

    good career opportunities, the company is so large that there is something for everyone within the enterprise

    Cons

    the politics and HR are suffocating

    Advice to Management

    need to remember that your direct reports are people, not just a number


  7. Helpful (1)

    "Performance"

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

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

    Pros

    Work-life balance is good. Not too many late hours in technology.

    Cons

    Not very competitive. Performance is not the main criteria for advancement.

    Advice to Management

    Make performance as the main criteria for advancement, otherwise smarter people will leave.


  8. "Good work life balance and work culture"

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

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

    Pros

    Good work life balance and work culture

    Cons

    Career growth could be addressed better


  9. "AVP, Financial Center Manager"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President, Financial Center Manager in Boston, MA
    Current Employee - Assistant Vice President, Financial Center Manager in Boston, MA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great benefits, great salary, discounts, 4 weeks paid vacation for managers, 10 paid holidays and 10 sick days. Fast paced environment, multiple different lines of business so there is plenty of room for advancement. Bonus potential is pretty strong too if you hit your goals. They really have several programs in place to help employees grow with company. To be a successful Financial Center Manager you have to be able to adapt to constant change and have a positive outlook. I would recommend, definitely one of the best banks to work for.

    Cons

    Staffing at times can be a big challenge. Company is very focused on convenient banking options, ATM, online, mobile banking etc. Unfortunately not all clients are willing to adapt to this ever growing technology. If you can roll with some of the staffing gaps at times then you will be fine.

    Advice to Management

    Keep doing what your doing, great company overall, not many cons.


  10. "VP Sr Ops Tech Mgr DBA"

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

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

    Pros

    Exposure to work in large environments , quite complex problems to be solve

    Cons

    Reduction on the Head count, due Operative Costs Savings


  11. "Senior Financial Analyst - Assistant Vice President"

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

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

    Pros

    Great benefits (4 months paternity/maternity, 5% 401k matching...), competitive environment where you're surrounded with some of the brightest people you will ever meet.

    Cons

    Due to interest rates not shifting the bank is at a constant cost-cutting mentality. Horrible talent return.