Bank of America - Bank of America purchased Countrywide and everything changed radically | Glassdoor
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There are newer employer reviews for Bank of America

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"Bank of America purchased Countrywide and everything changed radically"

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Cannot Identify & Maintain Anonymity in San Bernardino, CA
Former Employee - Cannot Identify & Maintain Anonymity in San Bernardino, CA
Doesn't Recommend
Negative Outlook
No opinion of CEO

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

Pros

Organized, consistent company with large volumes. Opportunities exist within the areas of operation for certain types or for those with certain connections.

Cons

Regular layoffs; high risk of layoff in mortgage loan servicing sector; senior leadership is not always fair and does not honestly communicate upcoming changes and layoffs in advance. People are not paid what they are worth and annual raises and bonuses are tightly capped.

Advice to Management

Be honest & straightforward about upcoming changes and sales of subsidiary companies (such as the Field Service Co. sale), and the impact such actions will have on associates. Offer larger annual bonus and increases to top performers.

Other Employee Reviews for Bank of America

  1. "Bank Teller"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Bank Teller in Huntington Beach, CA
    Current Employee - Bank Teller in Huntington Beach, CA
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Good pay for starting career job

    Cons

    Long work hours
    Busy days so you're always doing something


  2. "I loved the Company"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Personal Banker in Washington, DC
    Former Employee - Personal Banker in Washington, DC
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    there is a lot of room to move up in the company... lots of training for your current position

    Cons

    not in utah :( had to resign from the company

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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