Bank of America - Employment at Bank of America | Glassdoor
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There are newer employer reviews for Bank of America

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"Employment at Bank of America"

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  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Operator in Newark, DE
Former Employee - Operator in Newark, DE
Recommends
Neutral Outlook
No opinion of CEO

I worked at Bank of America full-time (Less than a year)

Pros

Employees had many educational opportunities. Good severance pkg ..

Cons

Layoffs .. Took over MBNA and laid hundreds off. I was part of the layoff. .. Worked for MBNA 11yrs ..BOA took over & I was laid off in less than a year

Advice to Management

Try to keep former employees as they are already educated and worth the extra salary.

Other Employee Reviews for Bank of America

  1. Helpful (1)

    "Bullish"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor - PMD in New York, NY
    Former Employee - Financial Advisor - PMD in New York, NY
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Bank of America full-time (More than a year)

    Pros

    Supreme platform, lots of great investment support, base pay is good so as incentive. You can find connections with other boa employees if you look for outside work activities.
    You will never feel bored at work as FA. As. FA, you get the opportunity to carry a positive attitude to work and build your character through good and bad times.

    Cons

    Hurdle during first year production is easy but tough in year 2 or 3unless you are lucky to find a senior FA to team or from wealthy family. I got the bull award, exceed hurdle constantly but still not able to feel secure in pursuing my goal.

    Advice to Management

    Perhaps only less than 10 percent of PMD can graduate, please spend more time with each PMD apart from spending the only hour with them before they end their journey.


  2. Helpful (2)

    "Outsourcing Leader"

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    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Programmer Analyst in Chicago, IL
    Former Employee - Programmer Analyst in Chicago, IL
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    I worked at Bank of America full-time (More than 5 years)

    Pros

    Had up to date hardware & software, good benefits.
    My manager was good, above him, management was very short term oriented.
    Had good and competent people as coworkers - while they lasted.

    Cons

    Always felt like your job was in danger of being outsourced. Eventually it was.

    Advice to Management

    Your IP is important, don't give it away to consultants who will share it with other companies to get jobs from them. The salary differential is a short term advantage, don't lose the experts who know your business to meet short term cost cutting goals.

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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