Bank of America - Great benefits. Can be a lousy culture. | Glassdoor
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There are newer employer reviews for Bank of America

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"Great benefits. Can be a lousy culture."

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - IT Project Manager in Boston, MA
Current Employee - IT Project Manager in Boston, MA
Doesn't Recommend
Negative Outlook
No opinion of CEO

I have been working at Bank of America full-time (More than 10 years)

Pros

Good pay scale. Flexible working arrangements. Some smart people who really do try to do the right thing, despite the bureaucracy.

Cons

I came over during the Merrill Lynch merger. Since then, I've had several new managers, and never meet any of them in person. There are 400 tools needed to do your job, and it's easy to spend a day wrestling with a tool instead of doing real work. The bureaucracy can be stifling.

Advice to Management

For starters, working flexibly and remotely is a FANTASTIC benefit, but loosen up the travel dollars and let project teams get together more often.

Other Employee Reviews for Bank of America

  1. Helpful (1)

    "Bank of America tries hard to strive for Work/Life Balance and provide growth opportunities but has fallen short."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Director in New York, NY
    Former Employee - Director in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Bank of America full-time (More than 10 years)

    Pros

    Coworkers. Fast Paced. No 2 days are alike.

    Cons

    Lack of training, work/life balance issue, poor upper management, too much red tape and hurdles to jump over for approvals and funding. Not on the cutting edge of technology.

    Advice to Management

    The Merrill Lynch work ethic has taken over since the acquisition and I don't mean that as a positive comment. Work/Life balance got thrown out the window. Too much emphasis on face time and not enough and actual results and accomplishments. Need a housecleaning across the top 3-4 levels of management to bring in new ideas and current technology.


  2. "Solid company, but surround yourself with the right people"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Operations Analyst in Charlotte, NC
    Current Employee - Operations Analyst in Charlotte, NC
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    -Career opportunities
    -Flexible work
    -Benefits (health insurance, 401k, etc.)

    Cons

    -Geographic flexibility
    -Have to surround yourself with the right people

    Advice to Management

    Value your college graduate hires by making sure you assign them to high-quality managers.

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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