Bank of America Reviews

Updated 29 August 2014
Updated 29 August 2014
6,381 Reviews

3.3
6,381 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
2,706 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

Employee Reviews

Sort: Popular Rating Date
  1.  

    A bank with a conscience - hard to find

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

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

    Pros

    They offer many opportunities for everyone to succeed - it's then down to the individual to make the most of them and shine. Work-life balance is encouraged, although with current initiatives to streamline processes, workload demands and expectations are high. Turn this into your advantage and take on these challenges and you will shines. Mobility within the organisation is well supported.

    Cons

    Many challenges to be met in terms of the drive to become best in class. Salaries are not bad, but not the highest for investment banks in the UK. Benefits package is part of your salary rather than in addition, but is widely accepted as being the most tax efficient in the UK.

    Advice to ManagementAdvice

    Help avoid all the fire drills and consider the impact that last minute "urgent" demands for data actually has on the staff providing it...

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Contractor

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Infrastructure  in  Chester, England
    Former Employee - Infrastructure in Chester, England

    I worked at Bank of America as a contractor for more than a year

    Pros

    Highly professional andbcompitent staff. Technology is a good place to work everyone will help everyone. Good team spirit.

    Cons

    Hard working contractors are not given a chance to go full time. They want you in then out

    Advice to ManagementAdvice

    Look at your staff. Look at how hsard they work, and give praise when required.

    Recommends
    Positive Outlook
    No opinion of CEO
  3.  

    Reputation of the bank

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Technology Associate  in  London, England
    Former Employee - Technology Associate in London, England

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

    Pros

    Good work life balance, reasonable comp ...

    Cons

    Large scale changes, redundancy threats

    Advice to ManagementAdvice

    Na

    Recommends
    Neutral Outlook
    Approves of CEO
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  5.  

    Competitive, collaborative and great people

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Analyst  in  London, England
    Former Employee - Analyst in London, England

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

    Pros

    Good pay, great events. Okay work life balance depending on division.

    Cons

    Be prepared for long hours in IBD. But worth it long term.

    Recommends
    Approves of CEO
  6.  

    Programme Manager

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - IT Manager  in  London, England
    Current Employee - IT Manager in London, England

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

    Pros

    Culture is very good. BAML are trying to improve hygiene factors.

    Cons

    Big company is very slow to respond to anything. Getting even small stuff done is very hard.

    Recommends
    Positive Outlook
    No opinion of CEO
  7.  

    I really enjoy working here.

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

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

    Pros

    Good internal mobility opportunities; friendly teammates; always willing to listen to feedback; excellent work life balance; ability to work from home.

    Cons

    Salary and benefits could be more competitive; a lot of red tape to complete simple tasks

    Advice to ManagementAdvice

    Consistency is the key

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Definitely one of the better banks to work for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Business Analyst  in  London, England
    Former Employee - Business Analyst in London, England

    I worked at Bank of America as a contractor for more than a year

    Pros

    equal opportunities, relaxed work atmosphere

    Cons

    cutbacks due to poor budget planning

    Advice to ManagementAdvice

    Get your budgets right

    Recommends
    Neutral Outlook
    No opinion of CEO
  9.  

    AWFUL company!!! AVOID!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Networking  in  Bromley, England
    Former Employee - Networking in Bromley, England

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

    Pros

    Chance to learn a lot within the banking industry

    Cons

    Not a fun working environment. Staff are hard to work with. Lots of bureaucracy, internal politics which holds you back from getting anything done internally, as everything is governed by the U.S. No real training given, you are left to fend for yourself and 'get on with it'. A very disorganised company with no structure or career path.

    Advice to ManagementAdvice

    I left after 9 months, had no training, was left to 'fend for myself'. No career path or prospects visible. Awful working environment. Needs to be a better atmosphere internally, more career prospects and more staff events, team building events etc.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10.  

    Too much politics, difficult to get things done

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

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

    Pros

    In general, there are high calibre professionals working in all teams, and the work produces tends to be of high quality.

    Cons

    Politics mainly. The organization is very top-heavy, with many subdivisions. Teams are expected to deliver but without controlling all the resources on a project as some belong to other teams.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  11.  

    Lovely

    Current Employee - Assistant Vice President  in  London, England
    Current Employee - Assistant Vice President in London, England

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

    Pros

    Good working set-up and great people

    Cons

    the pay is less and more hours

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