Bank of America - Compensation and Work review | Glassdoor
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There are newer employer reviews for Bank of America

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"Compensation and Work review"

Star Star Star Star Star
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Team Manager in Chicago, IL
Current Employee - Team Manager in Chicago, IL
Approves of CEO

Pros

Benefits and flexibility at work.

Cons

Promotions and compensation is very arbitrary and not truly based on qualifications.

Advice to Management

When selecting candidates for promotion or for compensation management needs to make better judgements. Sometimes promotions are made based on pressure to the management rather than the qualifications.

Other Employee Reviews for Bank of America

  1. Helpful (1)

    "Employees enjoy the work at program offered at BOA"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Technology Project Manager - Vice President in Boston, MA
    Current Employee - Technology Project Manager - Vice President in Boston, MA
    Recommends
    No opinion of CEO

    Pros

    BOA is amazing with the flexible work life and work at home programs they offer. The also have all jobs posted online giving you the opportunity to easily post for them. Several recognition programs exisit and each team meeting is started with recognition to team members.

    Cons

    Demanding and forever changing processes. It seems as soon as they roll out a process they have a change to it.
    Recently BOA has cut back on a recognition program that the employees valued due to expense reduction. Benefit offering for health care are very expensive, other employers offer the same package with out the hefty price tag offered by the bank.

    Advice to Management

    Although changes is a constant we should evaluate our process with the mind set of less complexity in order to deliver to market faster.


  2. "bofa ok but could be better"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Banking Center Manager in New York, NY
    Current Employee - Banking Center Manager in New York, NY
    Doesn't Recommend
    No opinion of CEO

    Pros

    No license needed to be a personal banker, good place to start from the bottom and work to the top if you have the patience and know the right people.

    Cons

    Rather not say too much since everything is being monitored by the company, even online web pages. However, no support of banking licenses in the consumer level brings the value of the sellers down if the bank goes out of business. In addition, the mentality of coaching each other is great if you're coaching your peers, not your superiors. They don't take too kindly in that.

    Advice to Management

    Decrease the amount of acquisitions. It hurts to be compared with Chase two weeks ago and now we're compared with Citi. Should we be liquidated before we learn from our mistakes?

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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