FilterWalnut Creek, CA
I worked at Bank of America full-time (More than 3 years)
Knowledgable team mates. Willingness to assist junior members in building their skill set.
Sometimes, employees can be pigeonholed into a specific role for better or for worse.
There are none. Highly disfunctional. Go to a wirehouse or a better bank brokerage. Once Merrill fully integrates the company, it may be a better place to work and the name recognition of the Bank may be a positive factor.
Insane policy and procedures. Compliance is out of control. Very hard to do any business. Technology is 15 years behind the industry. Morale is at an all time lowpoint. The premier bankers where fired and now the brokers have to manage checking accounts and lending for their clients without being paid to do so. Referrals from the retail bank are non-existent.
Advice to Management
Retire and let the real Merrill guys run the firm. There are some decent managers but the entire system is flawed and needs to be scrapped.
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