Bank of America Reviews in Washington, DC | Glassdoor

Bank of America Washington Reviews

Updated October 8, 2018
53 reviews

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Washington, DC

3.1
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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
25 Ratings

53 Employee Reviews

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Pros
Cons
  • "Work/Life balance can be overwhelming" (in 508 reviews)

  • "Lack of communication in upper management" (in 446 reviews)

More Pros and Cons

  1. "Consultant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Consultant in Washington, DC
    Current Employee - Consultant in Washington, DC
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    The people and the job is great.

    Cons

    I've not found anything yet that is a con.


  2. "Advisor Development Program Summer Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Summer Analyst in Washington, DC
    Former Intern - Summer Analyst in Washington, DC
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Bank of America as an intern (Less than a year)

    Pros

    High salary for an intern
    Work environment was friendly
    Nice funnel to full time position

    Cons

    Basically the whole program
    Barely any work to do and I was based in a financial center where you have to be licensed to do anything. So most days I would just sit in the back and do nothing.

    Advice to Management

    Give the interns more work that is relevant to their majors and the post-graduate position

  3. "Vice President"

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

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

    Pros

    Great benifits, supportive manager, great team.

    Cons

    Large corp so even if you work very hard you may be lost on the crowed. .


  4. "Financial advisor without investment decision making"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Solutions Advisor in Washington, DC
    Current Employee - Financial Solutions Advisor in Washington, DC
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Platform, logistics, research, products. Employee benefits are fantastic and many resources available. Discounts on everything financial and access to Bank of America products

    Cons

    Heavy focus on banking. You’re treated like a banking associate with licenses sometimes. Without an ability to build portfolios and outside sales, you’re beholden to your one area.

    Advice to Management

    Let FSAs do outside sales and focus on investment


  5. "Relationship Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Client Relationship Manager in Washington, DC
    Current Employee - Client Relationship Manager in Washington, DC
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Strong Brand recognition and technology resources

    Cons

    Leadership is out of touch


  6. Helpful (1)

    "Some Good, Some Bad"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Relationship Manager in Washington, DC
    Current Employee - Relationship Manager in Washington, DC
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Good Benefits
    Hire from within
    Competitive Pay

    Cons

    Overworked

    Too many emails

    Metrics for success change constantly

    One Team meetings are the worst. Manager ask for commitment between Merrill Edge and Retail Banking Employees, which is completely illegal.

    As an Relationship Manager I answer to 3 people directly, and,1 person in directly.

    Advice to Management

    What difference does it make?


  7. "High Goals. Great commission structure. Must be hungry"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Small Business Relationship Manager in Washington, DC
    Current Employee - Small Business Relationship Manager in Washington, DC
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Great benefits package
    great commission plan

    Cons

    consistently raising goals
    promotions always change

  8. "short-handed in the banking center"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Bank Teller in Washington, DC
    Former Employee - Bank Teller in Washington, DC
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    great health benefits, nice coworkers, good manager

    Cons

    We were short-handed all the time. When I joined the bank, there were 3 tellers;then only 1.5 tellers, now there is only 1 teller left the bank. It is hard to manage clients during lunch time. Also, since Toss and Operation Managers are eliminated in the market. There is not too much move upward opportunities for tellers who are good at operation. Moreover, IT support is very limited and the technology is old.

    Advice to Management

    Ideally I would say more staff but in reality......


  9. Helpful (4)

    "FSA, later corp FSA"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President FSA in Washington, DC
    Former Employee - Vice President FSA in Washington, DC
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Experience is what everyone should enter this job looking to get experience and get out. In the investment world, attainable low goals are critical to learning the craft.

    Cons

    An incoherent future and two organizations that have little in common and seem to have irreconcilable differences. Merrill Lynch should be a feeder but instead edge is the destination for failed PMDs.

    Advice to Management

    See above and think about a landscape where more has to be done with less. One of the fist 100 FSAs, I was able to cover as many locations as I could. 3 years later one to one paring has made the bank job nearly worthless from an experience and personal development side.


  10. "Personal Banker"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Washington, DC
    Former Employee - Anonymous Employee in Washington, DC
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Flexibility, on the job training, upward mobility

    Cons

    Numbers driven, not many incentives or pay raises

    Advice to Management

    Better Communication


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