Bank of America - Micromanagement running rampant | Glassdoor
  1. "Micromanagement running rampant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Loan Officer in Atlanta, GA
    Recommends
    Positive Outlook
    Disapproves of CEO

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

    Pros

    The benefits, vacation and sick time are unlike what any other company offers. There is a lot of opportunity for growth if you’re willing to move cities or states.

    Cons

    Management has become so top-heavy that your direct manager no longer has a say in your development or performance. I have routinely witnessed my manager struggle with policies and guidelines implemented from above but not given a choice or allowed to submit feedback. When policies and procedures change, it’s very clear the ones making the changes have little to no experience in the roles their changes effect.

    Advice to Management

    Team and lower level managers need to stand up to upper level management. Feedback needs to be heard and when policies are changed, better understanding behind the change would be helpful and allow front line employees to provide feedback before changes are implemented rather than after would prove to be a huge employee satisfier the bank always claims they’re looking for.

    Bank of America2018-09-11
  1. "Consulting Systems Engineer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Concord, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Bank of America full-time for more than a year

    Pros

    Great benefits fortune 500 employer

    Cons

    Geographical bias creates strange working conditions

    Bank of America2018-08-29
  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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