Pros

Banking is a stable industry without a lot of churn, with high profits and infrequent layoffs. Bank of America treats employees well, with good benefits and pay. It's a typical corporate work environment, where experience varies greatly from team to team based on management styles and available funding, but great teams do exist and are available. Internal movement within the company is encouraged and supported.

Cons

It is possible to end up on a team that is mismanaged or poorly funded and the unofficial corporate policy in these situations is to wait until it's a serious problem before they fix it. This can be tough to escape due to rules around internal mobility (you need to stay in a new role for a certain period of time before moving again) so be careful in choosing who you work for and look for red flags that signal bad management.