Bank of America
3.2 of 5 5,388 reviews
www.bankofamerica.com Charlotte, NC 5000+ Employees

Bank of America Reviews

Updated Apr 15, 2014
All Employees Current Employees Only

3.2 5,388 reviews

                             

74% Approve of the CEO

Bank of America President & CEO Brian T. Moynihan

Brian T. Moynihan

(2,237 ratings)

62% of employees recommend this company to a friend
5,388 Employee Reviews
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Review Highlights

Pros:
  • "Because I am a contractor i can only work 40 hours so my work/life balance is great"
    in 304 reviews
  • "Great coworkers, good work /life balance they let a lot of people work from home"
    in 163 reviews
Cons:
  • "Work-life balance not great, though not any worse than other banks"
    in 109 reviews
  • "Lack of communication from upper management with regards to procedure changes"
    in 142 reviews
  • Show more review highlights

Reviews

  • Culture & Values
         
  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • No Opinion of CEO

 

Still feels like two separate banks...

Assistant Vice President (Former Employee)
London, England

I worked at Bank of America full-time for more than 3 years

ProsInnovative working practices, e.g. regular WFH or from flexible location. Generally, a relaxed lifestyle, hours not too bad, etc. Huge organisation - lots of US offices - so plenty of interesting people to work with.

ConsLower comp than at other banks. Still struggling with integration post ML takeover. Not a sense of strategic direction from leadership - some initiatives don't feel well thought through. A big US bias - London operation feels like a poor cousin at times.

Advice to Senior ManagementListen to the guys on the ground.

Yes, I would recommend this company to a friend

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  • Culture & Values
         
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  • Approves of CEO

 

Equity Research VP

Vice President (Former Employee)
London, England

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

ProsGreat team, truly global organization

ConsThe usual for banking: long hours, little time for personal life

Yes, I would recommend this company to a friend

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  • No Opinion of CEO

 

Just ok but heading in the right direction

Anonymous Employee (Former Employee)

I worked at Bank of America

ProsHeading in the right direction with stron gmanagement

ConsToo much bureaucracy with people doing limited work getting paid. Not much of a meritocracy.

No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

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  • Culture & Values
         
  • Work/Life Balance
         
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  • Comp & Benefits
         
  • Career Opportunities
         

 

generally better than other banks but less pay

Anonymous Employee (Current Employee)

I have been working at Bank of America

Prosa good atmosphere to work in

Conssignigicantly lower pay than other banks

Yes, I would recommend this company to a friend

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Ok

Anonymous Employee (Current Employee)

I have been working at Bank of America

Prosnice and friendly environment , you have the opportunity to work with experienced professionals, a very large platform which allows cross selling

ConsThe structure is very vertical (typical of an american bank), very small junior team vs. a lot of Managing DIrectors

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  • Culture & Values
         
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  • No Opinion of CEO

 

Great place for career progression- no work goes unnoticed

Anonymous Employee (Current Employee)
Chester, England

I have been working at Bank of America full-time for more than a year

ProsRewarded for good work with rapid career progression

ConsLong working hours, compensation not always in line with responsibility

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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  • Culture & Values
         
  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • Approves of CEO

 

Initially offered excellent career growth opportunities

Anonymous Employee (Former Employee)
Chester, England

I worked at Bank of America full-time

Proshelp define the credit card market, was initially progressive and innovative. People were accountable for both successes and errors. Motivational environment. Able to mobilise resources quickly and effectively. Both challenging, and exciting

Conslost identity after being bought by bank of america. gradually breaking up the portfolios and losing valuable experienced and skilled people.

Advice to Senior Managementdecide on direction and business model.

Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company

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Monthly base salary for biz op analyst starting at bank of american merrill lynch

Anonymous Employee (Current Employee)

I have been working at Bank of America

Prosgood prestige, reputation and a solid bank

Consoperations will always be operations

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Credit Sales

Sales (Former Employee)
London, England

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

ProsGood financial reward
Big platform to network and acquire knowledge

ConsAggressive culture
Minimal possibilities to move between divisions

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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  • Culture & Values
         
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  • Disapproves of CEO

 

All Work and No Pay

Anonymous Employee (Current Employee)

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

Prosthere are no pros in BOFA

ConsNo Pay, work for free

Advice to Senior ManagementShare your wealth,

No, I would not recommend this company to a friend

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