Bank of America - Great pay and benefits, low stability | Glassdoor
There are newer employer reviews for Bank of America
There are newer employer reviews for Bank of America

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Helpful (1)

"Great pay and benefits, low stability"

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Analyst in Charlotte, NC
Current Employee - Analyst in Charlotte, NC
Recommends
Negative Outlook
No opinion of CEO

I have been working at Bank of America full-time (More than 3 years)

Pros

-Excellent pay
-Reasonable workloads (I don't work more than 45 hours a week, on average ... though this might vary from manager to manager)
-Lots of vacation time
-Lots of holidays

Cons

-Very little stability. It's common for the department to reorganize every 12-18 months. You're likely to have a new manager/team/role soon after you start.
-Low long term stability. Banking - as an industry - is really struggling, and I'm not certain it will improve.
-Low focus on customers. It's not about designing great products and providing best in class service. Most employees just talk about "how can I get this group of people to open more accounts?"

Advice to Management

Stop focusing on how to get people to give us more of their income/assets. Focus on how to help customers solve their own personal financial problems. Design great products that people want to have and provide good service, and they'll be beating down your door. BOA certainly has the resources (financial and human) to make that happen, it's just a matter of changing the mindset from "what value can I take from the customer?" to "what value can I provide to the customer?"

Other Employee Reviews for Bank of America

  1. "people there"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    really nice, easy to handle

    Cons

    too aggressive, too much candidate..


  2. "Closed mouths don't get fed"

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

    I have been working at Bank of America full-time (More than a year)

    Pros

    Just remember to not ever shoot yourself in the foot.

    Cons

    Too many chiefs and not enough Indians (native americans)

    Advice to Management

    Predictive Pay model is not the best model for comp.

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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