Bank of America - Financial Center LO | Glassdoor
  1. "Financial Center LO"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Mortgage Loan Officer in Charlotte, NC
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Bank of America full-time for more than a year

    Pros

    Great Benefits, it's a shame the culture is so smoke and mirrors.

    Cons

    Horrible culture. Very dishonest and unethical practices. From being expected to work overtime but not allowed to clock it in to get paid, to deceitful referral practices. That are just like Wells Fargo, just have not gotten caught. They don't care at all about mortgage business. All they care about is getting personal bankers their goals. And getting customers to sign up for services not needed.

    Bank of America2018-08-30
  1. Helpful (2)

    "Great corporate company to work for"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Relationship Manager in Miami, FL
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Bank of America full-time for more than a year

    Pros

    Preferred rewards benefits, 401k matching, commission and salary well paid (compared to market) if one works hard. Promotion from within, company invest in your own growth.

    Cons

    The Co Health benefits not covered 100%. Dental is no good even with the best plan offered. Salary needs a bump.

    Advice to Management

    As regulation increases and more procedures are implemented to follow such while goals and expectations continue to increase commission becomes more difficult to option, salary should be compensated.

    Bank of America2018-02-01
  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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