Bank of America - It's all in who you work for..... | Glassdoor
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Helpful (2)

"It's all in who you work for....."

Star Star Star Star Star
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Credit Analyst in Charlotte, NC
Former Employee - Credit Analyst in Charlotte, NC
No opinion of CEO

Pros

The best reason to work at Bank of America would definitely be to get the name on your resume and hopefully to make some good money. In this environment, banking jobs are hard to come by so a good opportunity with the company wouldn't be a bad career move. I personally think that your experience at the bank, due to its large size, will be VERY dependent on what city you live in, what division you work in, and who your manager is. Some managers are highly incompetent, and poor motivators, others are great motivators, great leaders, and inspire you to work hard. So when you interview, assess your manager very well.

Cons

The downside of working at Bank of America would definitely be that the size of the Company means some groups are mch better to work in than others, meaning your experience could be a crap shoot. In this environment, banking jobs are hard to come by, and there is a lot of stress and worry about being downsized, so a safer industry may be more appealing right now. If you go, try to negotiate severance up front. I can't stress how much your experience at the bank will be VERY dependent on what city you live in, what division you work in, and who your manager is. Some managers are highly incompetent, and poor motivators, others are great motivators, great leaders, and inspire you to work hard. So when you interview, assess your manager very well.

Advice to Management

Take a hard look at what you offer displaced employees. The Company lets a lot of talented people go and does not have very effective methods of trying to reposition the talented employees within the organization. In my time at the bank, I've seen a lot of talented people leave for negligible amounts of money. The bank would be a better place if they were able to keep some of these people.

Other Employee Reviews for Bank of America

  1. "Opportunity to do better!"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Personal Banker in Houston, TX
    Former Employee - Senior Personal Banker in Houston, TX
    Approves of CEO

    Pros

    Large company with the opportunities to learn a lot about banking. Nice co-workers...always having a blast. However, they do encourage opportunities for growth within the consumer banking division, but do not do enough to encourage the movement across divisions thus leading to talented individuals obtaining the same opportunities elsewhere.

    Cons

    Unrealistic set goals, unfairness in promotions and raises it depended a lot on your relationship with upper management. Need to be encouraging "intra-divisional" transfers for advancements. Should re-evaluate they way banking centtden is placed on well established centers as undue burden is placed on established profit centers.

    Advice to Management

    To rewards those who actually do the job. A simple action that would prevent "brain drain" and the passing on of excellent abilities to their competitors.


  2. "Good Pay, Great Benefits"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Relationship Manager in Charlotte, NC
    Former Employee - Relationship Manager in Charlotte, NC
    Recommends
    Approves of CEO

    Pros

    Good Pay, great benefits. I had a total of 5.5 weeks of vacation (including vacations).

    Cons

    Bureaucracy. There are so many different teams and communication between them should be better.

    Advice to Management

    My team was going through a transition that could have handled a lot smoother, but overall a goob job.

There are newer employer reviews for Bank of America
There are newer employer reviews for Bank of America

See Most Recent

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