Bank of America - Very dependent on deal flow | Glassdoor
  1. "Very dependent on deal flow"

    StarStarStarStarStar
      Former Employee - Investment Banking Associate in New York, NY

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

      Pros

      Training Program is good. Good culture among junior people

      Cons

      You have to really work to get put on live deals. Depending on your group, with bad luck you could be just pitching your whole first year

      Bank of America2019-03-07
    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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