Bank of America

  www.bankofamerica.com
  www.bankofamerica.com

Bank of America Reviews

Updated 26 November 2014
Updated 26 November 2014
6,990 Reviews
3.3
6,990 Reviews
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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
2,984 Ratings

Review Highlights

Pros
  • Excellent work life balance including remote work from home for certain positions (in 417 reviews)

  • They have a program called MyWork which allows you to work from home or from any location (in 223 reviews)


Cons
  • Work/life balance was a little tough but you are going to get that anywhere to be honest (in 180 reviews)

  • upper management failed to listen to the lower ranks often missing oppertuinitys (in 184 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Good culture

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Bank of America full-time

    Pros

    Good culture, people are friendly and helpful.

    Cons

    No bonus, limited career mobility.

    Advice to ManagementAdvice

    Take care of lower level staff.

    Recommends
    Positive Outlook
  2.  

    A truly global universal bank

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President in Sydney
    Current Employee - Vice President in Sydney

    I have been working at Bank of America full-time

    Pros

    Globally connects all product groups to deliver value to clients

    Cons

    Needs to fix integration of different areas within the bank

    Advice to ManagementAdvice

    Stay the course. Greater things are still ahead.

    Recommends
    Positive Outlook
    Approves of CEO
  3. 4 people found this helpful  

    I loved my job as a teller af BofA

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Teller in Miami, FL (US)
    Former Employee - Teller in Miami, FL (US)

    I worked at Bank of America part-time (more than an year)

    Pros

    Great pay, great hours.. family environment
    I had a great experience working for this company.

    Cons

    None, i loved it. Met a lot of great people, really cool experience

    Recommends
    Positive Outlook
    Approves of CEO
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  5. 5 people found this helpful  

    Temporary greatness

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Teller
    Current Employee - Teller

    I have been working at Bank of America part-time (less than an year)

    Pros

    The benefits are pretty good here from medical, discounts you get for working there, transportation is covered. Competitive pay for the part time needs.

    Cons

    Opportunity for growth is minimal you can only move up if somebody moves out, varying schedules, extremely long work days, some up to 13 hours! No matter how you are hired in, even if you are better qualified for a better position in the company you have to excel at the job you have first before you look at another job, its kind of silly

    Advice to ManagementAdvice

    Put people where they are strong at, if you are going to evaluate a fish on its ability to climb a tree it can never grow in its career.

    Recommends
    Negative Outlook
    Approves of CEO
  6. 2 people found this helpful  

    Working in Todays Mortgage Banking

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Quality Analyst in Los Angeles, CA (US)
    Former Employee - Senior Quality Analyst in Los Angeles, CA (US)

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

    Pros

    In a non-branch environment you do not have the pressure placed upon you when it comes to pushing products. Your position is specific to the department you are in, and your performance is based on the quality of the job you do. In these positions management encourages personal growth and advancing oneself. Onsite managers are open to the associates ideas and concerns, and they will work with you in problem resolution-personal or in ones performance.

    Cons

    Since the Great Recession of 2009 job security is much less certain. Many areas in the mortgage section continue to be downsized due to still tight consumer loan qualifying, especially for refinancing. Departments which used to have 125 to 150 auditors now have 10 or 12. Other departments are moving associates to other area or laying. Until the economy improves for the consumer looking to buy or refinance, this section will continue to run lean or decline.

    Advice to ManagementAdvice

    My advice to management is not to play games with your associates. In communicating with current associates there appears to be actions by management skirting the fine line of ethical and unethical-rethink this. Senior management should consider tenure and quality of work performed when basing their decisions on who is laid off.

    Recommends
    Neutral Outlook
    Approves of CEO
  7. 2 people found this helpful  

    VP, BCM

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Banking Center Manager II in Kansas City, MO (US)
    Current Employee - Banking Center Manager II in Kansas City, MO (US)

    I have been working at Bank of America full-time (more than 3 years)

    Pros

    Great Pay, Benefits and Hours.

    Cons

    like anywhere else, it depends on current Manager which changes annually when they re-align and you have to learn what is important to them. If you can get through that it's not too bad.

    Advice to ManagementAdvice

    Stop trying to play catch up and stay true to the strategy and make small tweaks to make the business grown. Move high performers up who actually know what is happening in the Stores so that they can make some real wide impact.

    Recommends
    Positive Outlook
    Approves of CEO
  8. 2 people found this helpful  

    Great benefits, good people

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Creative Services
    Former Employee - Creative Services

    I worked at Bank of America full-time (more than an year)

    Pros

    Vacation time was really generous, and the best health care benefits I've ever had. And working at a bank, of course you get those banking holidays off, too. Multiple sites throughout the country for marketing (ECS). Management very personable and approachable. Flexible hours -- not an issue to take time off for appointments, etc.

    Cons

    Remote work presented challenges in that it felt like things were happening at "the mothership" that didn't get communicated out across all sites. I like that they encouraged community involvement and volunteering. But they did a push with The United Way where we were encouraged to make regular donations through automatic payroll deductions -- and it wasn't anonymous. One coworker didn't and he found himself on some sort of list of people who hadn't signed up. I have nothing against the United Way but I prefer to focus my discretionary dollars on causes that have a personal connection. Raises were mediocre.

    Advice to ManagementAdvice

    Path to promotions was unclear.

    Recommends
    No opinion of CEO
  9. 1 person found this helpful  

    Had its ups and downs

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Fraud Analyst in Pasadena, CA (US)
    Former Employee - Senior Fraud Analyst in Pasadena, CA (US)

    I worked at Bank of America full-time (more than 8 years)

    Pros

    Decent compensation, ok potential to grow

    Cons

    Got to be with the in crowd to succeed

    Advice to ManagementAdvice

    stop playing favorites

    Recommends
    Positive Outlook
    No opinion of CEO
  10.  

    Great comapny

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Vice President in Atlanta, GA (US)
    Current Employee - Senior Vice President in Atlanta, GA (US)

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

    Pros

    Focused on delivering a quality service to the clients

    Cons

    sometimes work life balance can be challenging

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Technology Developer and Analyst Intern--review

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Technology Developer and Analyst Intern in Jersey City, NJ (US)
    Former Employee - Technology Developer and Analyst Intern in Jersey City, NJ (US)

    I worked at Bank of America as an intern (less than an year)

    Pros

    1. Great manager and colleagues. Knowledgeable, competitive and helpful.
    2. Good pay.
    3. Professional environment where everybody is given respect.

    Cons

    1. More exposure to technology needed.
    2. More exposure to the work done in other teams needed.
    3. More interaction events with colleagues.

    Recommends
    Neutral Outlook
    Approves of CEO

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