Bank of America

  www.bankofamerica.com
  www.bankofamerica.com
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Bank of America Reviews

Updated 21 September 2014
Updated 21 September 2014
6,513 Reviews
3.3
6,513 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
2,777 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.  

    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

  2.  

    Lots of layoffs

    • 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 8 years

    Pros

    Due to the widespread problems, you won't be bored there.

    Cons

    Budgets slashed. Projects canned. Management treat running the company as though it was simply a game to be played. Although this is supposedly a global company, there is discrimination against people in India as the bands are lower for doing the same job. Everything's really run out of Charlotte, so if you're in the rest of the world forget about getting above a band 3. The bank failed to invest in it's infrastructure and systems during the good times. It is probably too late to turn things around now. I'd recommend only if you like fiddling whilst Rome burns.

    Advice to ManagementAdvice

    Just leave

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3.  

    Lovely, an overall favourable experience

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

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

    Pros

    Its been a really great start for my career, and a good name to begin with on my CV.

    Cons

    You don't get recognised for your work, and theres so much red tape and reporting in a day, it gets so tedious.

    Advice to ManagementAdvice

    Less of them, there are so many unecessary managers there, adding to the politics and the bureaucracy at work.

    Recommends
    Positive Outlook
    No opinion of CEO
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  5.  

    Good experience, good prospects.

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Bank of America as a contractor

    Pros

    working hours, people, culture, location, values

    Cons

    training, communications, managing upwards, cost cutting

    Recommends
    Positive Outlook
  6.  

    Very slow hiring process

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

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

    Pros

    Good benefits, reasonable career path options

    Cons

    Too many levels of management

    Advice to ManagementAdvice

    Switch to a flatter organisational structure

    Recommends
    Neutral Outlook
    No opinion of CEO
  7. 1 person found this helpful  

    Chester is a Cost Saving Centre

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Middle Office Analyst  in  Chester, England
    Current Employee - Middle Office Analyst in Chester, England

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

    Pros

    Good name to put on your CV

    Cons

    Middle/Back Office Salaries are low. They block you from applying for London positions. They now hire A-Level school leavers. Most people start looking to leave after a year, as there are no salary increases across the floor.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  8.  

    Spring Insight Week

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

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

    Pros

    Gives overview to the whole industry

    Cons

    Not much emphasis on the technology division

    No opinion of CEO
  9.  

    Challenging, dynamic work environment. Great people.

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

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

    Pros

    Great, supportive colleagues. Very good management. Lots of opportunities for personal and career developments. Very good benefits.

    Cons

    Some bureaucracy and difficult politics within teams. Fair compensation for junior roles.

    Advice to ManagementAdvice

    Keep up the good work. Encourage recognition programs.

    Recommends
    Positive Outlook
  10.  

    Rewards, challenges and great people

    • 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

    A sense of camaraderie and sincere team efforts. A sense of work life balance and energy.

    Cons

    Not quite as competitive on salary as other bulge-bracket institutions. A little bureaucratic on compliance and excessive on marketing spend.

    Advice to ManagementAdvice

    Reduce the bureaucracy and marketing. Incentivise through salary rather than workplace enhancements.

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Average, worked at better banks

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

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

    Pros

    Good reputation and benefits package

    Cons

    Lack of direction and too many layers of management

    Advice to ManagementAdvice

    Remove unnecessary layers of management

    Recommends
    Neutral Outlook
    Approves of CEO

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