Bank of America Reviews in Chicago, IL

Updated 12 August 2014
Updated 12 August 2014
6,343 Reviews

3.3
6,343 Reviews
Rating Trends

Recommend to a friend
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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
2,685 Ratings

Review Highlights

Pros
  • Excellent work life balance including remote work from home for certain positions (in 352 reviews)

  • Great coworkers, good work /life balance they let a lot of people work from home (in 195 reviews)


Cons
  • Sexism; old BFF network; little work life balance, but they gave lip service to it (in 138 reviews)

  • Lack of communication from upper management with regards to procedure changes (in 162 reviews)

More Highlights

161 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Summer Analyst 2014 GBAM

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - GBAM Summer Analyst  in  Chicago, IL (US)
    Former Employee - GBAM Summer Analyst in Chicago, IL (US)

    I worked at Bank of America full-time for less than a year

    Pros

    Top-quality culture; the people I worked with were of the highest caliber. Pay is very competitive, and work-life balance is stressed & acceptable.

    Cons

    Could do with more mentorship from more experienced employees. More one-on-one time to help adjust from a college mind-set to a corporate mind-set.

    Advice to ManagementAdvice

    Don't pair first year analyst interns with senior directors that don't have time or desire to develop temporary employees. The directors have much more to do than help mold us into the caliber of individual the company desires.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Long and sometimes difficult

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

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

    Pros

    moved around with ease. If you really want it you can move up. Culture is like high school and sometimes doesn't feel like a job. That might be a con depending on the person you are.

    Cons

    Management is highly inexperienced with poor decision making skills. Overtime is high discouraged and you will get in trouble if you have overtime.

    Advice to ManagementAdvice

    Stop micromanaging and trust your trained employees.

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Good not great

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - TSA  in  Chicago, IL (US)
    Former Employee - TSA in Chicago, IL (US)

    I worked at Bank of America as an intern for less than a year

    Pros

    Good experience it was a pretty interesting time

    Cons

    People were not that nice

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
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  5.  

    Worst company I've ever worked for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Chicago, IL (US)
    Current Employee - Anonymous Employee in Chicago, IL (US)

    I have been working at Bank of America as a contractor for less than a year

    Pros

    Not sure I have experienced any.

    Cons

    Everything. Low pay. Poor management. Office full of unhappy people. Management just concerned with their own advancement and could care less about supporting their subordinates. Only people who think way inside a very small box are looked at for advancement. Management dangles pay raises and bonuses in front of employees only to take them away come performance review time. Apparently this is true for at least one of the India locations as well according to one of my confidants there.

    Advice to ManagementAdvice

    Try being real managers of people instead of just managers of your own careers.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6.  

    No thought leadership, most employees in technology just staying for work from home benefits

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Technology Manager  in  Chicago, IL (US)
    Current Employee - Senior Technology Manager in Chicago, IL (US)

    I have been working at Bank of America full-time for more than 5 years

    Pros

    Work from home via the myWork program.

    Cons

    No thought leadership or visionary thinking, no culture of innovation, too much reliance on foreign workers

    Advice to ManagementAdvice

    Consider hiring fresh graduates in Computer Science from Universities within the US rather than relying on foreign workers for your IT systems. Hire the right kind of talent, people with advanced degrees who can provide thought leadership to help gain and sustain competitive advantage.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  7.  

    Rewarding

    Former Employee - Personal Banker  in  Chicago, IL (US)
    Former Employee - Personal Banker in Chicago, IL (US)

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

    Pros

    Holiday pay Vacation time Great pay

    Cons

    Requesting time off is like pulling teeth

    Advice to ManagementAdvice

    Better upper management is needed

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8.  

    Good Company to work for!!!!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Officer  in  Chicago, IL (US)
    Current Employee - Officer in Chicago, IL (US)

    I have been working at Bank of America full-time for more than 5 years

    Pros

    Discounts, steady employment, challenging work

    Cons

    Some departments treat you like a child, others devalue their employees

    Advice to ManagementAdvice

    Allow more self-managed positions and remove some of the managers who do not actual involve themselves in all aspects of their department. They add no value to the department and usually are reason certain departments are having a difficult time.

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Good company, but watch for setbacks

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President  in  Chicago, IL (US)
    Former Employee - Vice President in Chicago, IL (US)

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

    Pros

    Able to work remotely is a big plus. Never felt micromanaged at all. If you want a promotion, a good manager will help get you there. Manager was phenominal.

    Cons

    Lots of different and challenging areas of the bank to get answers. Mid level management was good, but doesn't appear to have the right strategy and focus in certain areas. Rarely could hire to help out expanding team in order to manage work load efficiently for our clients. Set up for failure at times. Medical insurance was decent, but not great. With so many people working for this big company, a lot of different answers (some right, some wrong).

    Advice to ManagementAdvice

    Look at ways to manage client work load better. If that means for FTE's, then hire more FTE's. Because if you don't, the bank doesn't directly suffer, the client does. And that reverberates throughout the immediate organization, and sets a bad experience for these clients.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  10.  

    Outstanding organization to invest a career...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Chicago, IL (US)
    Current Employee - Anonymous Employee in Chicago, IL (US)

    I have been working at Bank of America full-time for more than 8 years

    Pros

    Leadership roles, relationship building, job specific detailing at a pace you can be comfortable by. Strong proven organization that very competitive with their competition...

    Cons

    Inconsistent with departmental policies and standards...

    Advice to ManagementAdvice

    Become one big organization instead on too many silos...

    Recommends
    Positive Outlook
    Approves of CEO
  11. 2 people found this helpful  

    So happy to be gone!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Assistant Vice President Programming Consultant  in  Chicago, IL (US)
    Current Employee - Assistant Vice President Programming Consultant in Chicago, IL (US)

    I have been working at Bank of America full-time for more than 5 years

    Pros

    Good benefits, 401-l match and may allow additional time-off to be purchased. Somewhat flexible hours/location so long as work gets done. Comfortable office space with good co-workers.

    Cons

    Does not promote from within, serious lack of communication/alignment between groups, damage from Countrywide purchase ongoing with staff reductions and those left working multiple roles. Staffing got so bad that my group had to resort to shift rotations to cover all of the hours and weekend work went from every six weeks to every other week at one point. The investment bank employs a suspiciously large number of H-1B's in technical roles despite there being several major universities in the immediate area. If you're talented you won't be recognized or have anywhere to grow. Very impersonal outside immediate group/LOB. No contact from HR after notice was given, didn't receive a copy of final paycheck, appears they took money out for benefits despite dropping my coverage immediately.

    Advice to ManagementAdvice

    Cut your management structure in half. Form cohesive teams that can work together towards a common goal instead of splitting every little business function off into a different group and then managing them separately. Reward good workers with promotions and bonuses.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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