Bank of America - You'll need to manage your career there from day one | Glassdoor

Find your next job here

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

See Most Recent

Helpful (173)

"You'll need to manage your career there from day one"

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

I have been working at Bank of America full-time (More than 10 years)

Pros

Stable, depending on manager you get a lot of support. Lots of benefits and resources at the corporate level. A friendly and collaborative environment that is less cut throat and better work life balance than the rest of the street.

Cons

Depends on manager, too much management, a lot of things need to get done but some managers are always looking for resources to manage but won't roll up their sleeves. You don't always have a well defined career plan if your manager needs you in your current position.

Advice to Management

HR and senior management need direct dialogues with employees, people are too dependent on personality, opinion and advice of their direct manager who will put their personal needs over the needs of the firm.

Other Employee Reviews for Bank of America

  1. Helpful (3)

    "Great company to work for"

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

    I have been working at Bank of America full-time (More than 10 years)

    Pros

    Great overall benefits show a true care of employee, including but not limited to time off, maternity/paternity leave, decent health care, employee programs. Depending on the nature of your role, great flexibility. Company allows volunteering during work hours and is a true advocate for community involvement and Diversity and Inclusion

    Cons

    Pay for performance is not equally applied across different divisions. Yearly raises are determined by very high senior execs and HR who know very little about your or your team's work, leaving upper to mid level managers having very little say on outcomes, thus, making reviews a formality rather than a true tool to measure performance. Income inequality is rampant. If you happen to come in with a lower base salary, don't expect to get adjusted solely on performance since there are policies on raise caps or simply an iron curtain set by HR that prevent equalizing salaries. Moving unto other roles does very little to help pay due to the same salary cap policies to prevent divisions from competing for talent, especially at upper management levels where the moves may be lateral in title but not function.

    Advice to Management

    Allow divisions to compete for talent, make it easier to create exemptions for top performers, top talent to stay within company in current or move unto other roles by compensating appropriately rather than losing them to outside companies


  2. "Relationship Manager"

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

    I have been working at Bank of America full-time

    Pros

    Great benefits, opportunities, and well structured incentive plan for bonuses.

    Cons

    A bit political when it comes to promotions depending on your market.

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

See Most Recent

Work at Bank of America? Share Your Experiences

Bank of America
  • Star
  • Star
  • Star
  • Star
  • Star
 
Click to Rate
or