Bank of America

www.bankofamerica.com
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1 person found this helpful  

it's ok.

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Personal Banker in Lynnwood, WA (US)
Current Employee - Personal Banker in Lynnwood, WA (US)

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

Pros

there's room for growth. good benefits. mostly pleasant people to work with.

Cons

pays not that great. not all that great at recognizing talent.

Recommends
Neutral Outlook
Approves of CEO

7787 Other Employee Reviews for Bank of America (View Most Recent)

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  1.  

    Hands down the worst work environment in my career

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

    I worked at Bank of America full-time (more than 5 years)

    Pros

    There used to be some good work colleagues there, but most left in 2009-10
    Can't think of many others

    Cons

    Lying, backbiting, manipulative management
    An environment of fear, loathing, and constant tension
    Rampant HR violations, like age and sex discrimination
    Unrealistic expectations
    Contempt for customers
    Idiotic training
    Non-sense social responsibility
    Huge ethical and integrity lapses
    Terrible internal IT systems
    Moronic marketing and executive management
    The managers who remain are the dregs -- all the good rats jumped ship long ago

    Advice to ManagementAdvice

    Break it up, it is a classic case of the "Inefficiency of scale" -- turn it into 6-8 regional banks with a focus on excellence in customer service. Spin off ML and all the other non-banking units. Spin off the niche units like US Trust.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2. 2 people found this helpful  

    Absolutely the WRONG way to run a company in the 21st century

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Marketing and Sales Specialist in Scranton, PA (US)
    Current Employee - Marketing and Sales Specialist in Scranton, PA (US)

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

    Pros

    Full time benefits, employee benefits

    Cons

    To much micromanagement, too much presure to sell, not even following their own GUEST standards for their employees, managers spending too much time doing HR duties, no flexibility in employment, ancient computer systems with patchwork fixes, inflexible rules, no discernable heirarchy of command, training sporadic, work schedules subject to change without adequate notice, pay no commensurate with level of responsibility.

    Advice to ManagementAdvice

    Employees should have more choice in every aspect of their employment. Training should incorporate best educational practices of the 21st century. Company should invest in modern technology.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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