Bank of America Project manager Reviews | Glassdoor

Bank of America Project Manager Reviews

Updated Oct 1, 2019

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Found 244 reviews

3.6
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72%
Recommend to a Friend
70%
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Bank of America CEO Brian T. Moynihan
Brian T. Moynihan
122 Ratings
  1. "Good company, good benefits but lacking career opportunities"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - IT Project Manager 
    Positive Outlook
    Approves of CEO

    I have been working at Bank of America full-time for more than 5 years

    Pros

    Good benefits, Stable company. Depends on which group or manager you have, but work schedule can be flexible

    Cons

    -Difficult to find opportunities for advancement despite the size and breath of products/services provided by BofA -Management not vested in employee development and growth -Frequent lay-offs (always in fear that you will be next even if you are a top performer) -Unrealistic expectations for Technology Teams to deliver which is causing burn out

    Advice to Management

    Invest in your top talented and high performer to retain them. Be transparent in leadership decisions. For example, when lay offs occur, inform associates so they are aware instead of keeping it quiet. This lack of transparency creates fear and low morale which impacts productivity.

    Bank of America2017-04-18
  2. Helpful (1)

    "Good job and flexibility"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Technology Project Manager in Phoenix, AZ
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Bank of America full-time for more than 10 years

    Pros

    benefits, good co-workers, opportunities for growth

    Cons

    constant change at management, every year there are layoffs, expect more and more from employees and no additional compensation.

    Bank of America2017-03-27
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  4. "Overall loved my experience with Bank of America"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Contractor - Senior IT Project Manager 
    Recommends
    No opinion of CEO

    I worked at Bank of America for more than 3 years

    Pros

    Leadership really allowed you to make decisions and listened when you had a great idea. They didn't make you waste your time with too many unneeded reports for status. They trust you to get your job done and make decisions.

    Cons

    Pay was low compared to other companies. They have a lot of policies that tie the hands of managers in hiring you. If you work as a consultant, they make you take 90days off every 3 years so you won't say you were an employee. Even if your boss wants to hire you, they want to keep people as consultants so they don't need to give you benefits. I know consultants that have been back and forth for almost a decade and... worked hard and never been hired. You will also work really long hours.

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    Advice to Management

    You have great leadership. Let them hire your better consultants. Hire consultants for shortages that are short term. Don't make it an overall hiring practice, You should also allow more remote workers again. It allows you to get great resources that might not be close to an office. Overall I loved my job and was very productive. I would have joined your company if you had just let me boss hire me.

    Bank of America2017-02-02
  5. "IT PM BOA"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - IT Project Manager in New York, NY
    Positive Outlook
    Approves of CEO

    I have been working at Bank of America full-time for more than 3 years

    Pros

    Stable company. Average salary. Great co-workers

    Cons

    Unclear management direction and challenging upward mobility.

    Advice to Management

    Define and simplify process

    Bank of America2017-02-02
  6. "project manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Project Manager in Charlotte, NC
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Bank of America full-time for more than 10 years

    Pros

    good training resources are available

    Cons

    I cannot think of any downsides

    Advice to Management

    no advice to share

    Bank of America2017-01-13
  7. "Honesty on Advancement Culture"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Operations Project Manager in Plano, TX
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Bank of America full-time for more than 5 years

    Pros

    More plentiful for entry to midlevel positions.

    Cons

    Advanced positions/opportunities are not granted on merit or skillset. More weight is placed on who you know than what your know, and whether or not you happen to be in a highly visible area.

    Advice to Management

    Live out the values you preach. Don't ask for feedback when you have no intention of considering that feedback.

    Bank of America2017-01-26
  8. "IT Project Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Contractor - IT Project Manager in Pennington, NJ
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Bank of America for more than a year

    Pros

    Good Work variety Nice Co-Workers Work Life Balance was very flexible.

    Cons

    No ability to leverage work to a permanent position Low pay

    Bank of America2017-01-18
  9. Helpful (2)

    "Sr. Project Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Senior Project Manager in Madison, MS
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Bank of America for more than a year

    Pros

    Ability to move from role to role providing exposure to different lines of business. Great talent to work with. Many tools available to enhance the efficiencies and increase knowledge base. Vacation benefits are generous (however, it is often impossible to take vacation due to the significant workload.)

    Cons

    Constant reorganization and downsizing causing the majority of employees to work in fear of losing their job. Highly competitive to the point of being a toxic environment to work in. Many of the members of leadership are less qualified than their employees. Work/Life balance does not exist though it is one of the "selling points" when making job offers. Long hours, MyWork program was discontinued which made the... above points even more painful due to the tremendous workload and number of hours required to do the job. Lack of foresight when making big operational changes which causes and operational overspend for implementation costs. Those decisions are often reversed or changed when new management moves into position. MyWork is a primary example of such. The program cost millions to implement and ultimately was shut down after enabling some of the best employees to work from home. Once the program was disabled, employees could either find a location to go into the office or leave altogether depending on the proximity of available office space. It was very poorly thought out and implemented and the price tag in doing so was outrageous.

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    Advice to Management

    Think about the decisions you make. Think about the candidates you hire. Act based on fact and not to get a minute in the spotlight, only to have that spotlight burn out and cost the organization good people and an exorbitant amount of money. Change is good, but make sure it is the right change.

    Bank of America2017-01-04
  10. "Bank of America"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Scrum Master/Agile Project Manager in Lombard, IL
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Bank of America for less than a year

    Pros

    Great people, great talent. Those that have embraced the Agile journey are seeing significant growth in their productivity, quality, and job satisfaction.

    Cons

    Significant diversity in methodology and process understanding there. Many "cooks" believing that their way is the best way, which leads to reduced collaboration around best methods.

    Advice to Management

    Continue embracing the Agile transformation, continuous improvement, and nurturing strong, self-managing teams that can complete end-to-end work independently. Foster automation wherever possible.

    Bank of America2016-12-20
  11. "Working conditions"

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    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Senior Project Manager in Phoenix, AZ
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I have been working at Bank of America full-time for more than 10 years

    Pros

    Good maternity/ paternity and child care benefits for entry level Roles. 401k match up to 6% of the base salary

    Cons

    Too little upward mobility unless you know someone, lack of talent planning, constant layoffs and mass demotions ( without cause) especially in technology groups

    Advice to Management

    Stop hiring people you know and instead hire and grow talent otherwise you will remain a mediocre bank. Constant demotions is a systemic issue in technology.

    Bank of America2016-12-14
Found 244 reviews