Bank of America - Overall an excellent position to put on your resume but this was a middle office position | Glassdoor
There are newer employer reviews for Bank of America
There are newer employer reviews for Bank of America

See Most Recent

"Overall an excellent position to put on your resume but this was a middle office position"

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Financial Analyst in Saint Louis, MO
Current Employee - Financial Analyst in Saint Louis, MO
Recommends
Positive Outlook
Approves of CEO

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

Pros

*Excellent brand name to put on your resume
*Learn the fundamentals of financial analysis, credit, banking, underwriting & due diligence
*Laid-back and positive environment; not cutthroat at all
*Relatively tame hours for banking (40-50hrs/week)
*Great compensation for the hours

Cons

*Middle office position; no client-facing aspects whatsoever despite the fact that you will be underwriting credit products for some of the Bank's most ultra-high net worth individuals

*No opportunities for vertical advancement; if you want to be client-facing or in the front office, this position should be viewed solely as a launching pad

*Work can be repetitive and at times not challenging enough

Advice to Management

Figure out a way to have private banking analysts interface more with the front office. Even if this means just establish greater communication with client advisors, I see no reason why this wouldn't or shouldn't be mutually advantageous.

Other Employee Reviews for Bank of America

  1. "Good place to start career."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Laon Administtration in Dallas, TX
    Former Employee - Laon Administtration in Dallas, TX
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Bank of America full-time (More than 3 years)

    Pros

    Benefits, work schedule flexibility. A single mother was well supported for daycare. Provided assistance for using DART.

    Cons

    Upward movement problematic. Some people were promoted quickly when their knowledge was lacking and they had poor leadership skills.

    Advice to Management

    Take more time selecting who will move up.


  2. "Foreclosure Specialist"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Foreclosure Specialist in Simi Valley, CA
    Current Employee - Foreclosure Specialist in Simi Valley, CA
    Recommends
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Great Hours, flexible hours.hourly pay rate is excellent.

    Cons

    Not full-time, typically hire contract first. Permanent positions are not offered often.

There are newer employer reviews for Bank of America
There are newer employer reviews for Bank of America

See Most Recent

Work at Bank of America? Share Your Experiences

Bank of America
  • Star
  • Star
  • Star
  • Star
  • Star
 
Click to Rate
or