Bank of America - Salary | Glassdoor
  1. Helpful (1)

    "Salary"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Financial Center Operations Manager in Nantucket, MA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great health insurance, 401K, and tuition reimbursement.

    Cons

    The pay is low. They should improve the pay rate.

    Bank of America2018-07-24
  1. "Great Place to Work"

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

    I worked at Bank of America full-time for more than 8 years

    Pros

    People, pays well, great benefits, recognition

    Cons

    Many areas no longer support remote positions requiring some employees to make extensive relocations if they want to stay.

    Bank of America2019-06-14
  2. Helpful (2)

    "I like the values of Bank of America. I don't like the position of Relationship Manager."

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

    I have been working at Bank of America full-time

    Pros

    Good benefits. Meet great people (customers and co-workers). Learn about finance and banking, which is useful for personal life. Gratification of helping others make meaningful changes to their lives. Hourly+Commission. Commission bonus can be good, if you are in an affluent market, and know how to be a good salesman, or know how to work the commission system (triggering)

    Cons

    Management may set unrealistic goals and reporting processes that bog down the core of your job description. Sales Orientated. Bank of America tries hard to avoid the word "sales," but it is essentially a sales job. If you are not a salesman, do not apply. Lack of career opportunities for most associates unless you are a top salesman, which is becoming increasingly harder to be because of slower traffic and management....

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    Advice to Management

    Get rid of half of the paperwork and spend more time observing people on the floor to have a better sense of the changing realities of the financial center.

    Bank of America2019-06-12

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