Bank of America

www.bankofamerica.com
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Employee Reviews

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  1.  

    Dont move with the times

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

    I worked at Bank of America

    Pros

    None since merging with Merrill Lynch

    Cons

    Constant org changes since merger make compamy a very insecure place to work

    Advice to ManagementAdvice

    Retain and respect and invest in current employees

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  2.  

    Good but not great

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Bank of America

    Pros

    Colleagues. Facilities and some good perks for staff.

    Cons

    Overly bureaucratic. Technical underinvestment has been going on for years. Cost cutting culture the priority. Slow to promote.

    Advice to ManagementAdvice

    Listen to their staff more. Actually be seen to change things as opposed to giving lip service. Promote key staff faster and loosen up on the criteria for promotion. Not everything can be quantified in terms of black and white.

    Doesn't Recommend
    Neutral Outlook
  3. 1 person found this helpful  

    Overall decent company to work for, working hard at restoring Merrill Lynch's reputation after the financial crisis.

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

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

    Pros

    Growing market share, head count and revenue, looking to be a better place to be at every year.

    Cons

    Quite a lot of staff turnover, good compensation and benefits. Bad work life balance, talk of limiting hours and days worked but little tangible moves to do this.

    Recommends
    Positive Outlook
    No opinion of CEO
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  5.  

    Great place to wrok,

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

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

    Pros

    good people, corporate integrity and lots of training, diversity and inclusion

    Cons

    Salary is not market leading and in some cases, below market rate

    Advice to ManagementAdvice

    Don't lose our best people to the competition, pay a little more and promote when deserved

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Ok not great

    • 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 (more than 10 years)

    Pros

    Try to succeed and deliver

    Cons

    Infrastructure needs major improvement but projects move slowly

    Advice to ManagementAdvice

    Too hierarchical to alow development

    Neutral Outlook
    No opinion of CEO
  7.  

    A large organisation but still feels intimate. Good to time to join as the firm has built a sense of one team and pride

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

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

    Pros

    Professional but not too cut-throat. Flexibility and opportunity to excel and add value quite quickly. Focus on CSR and Diversity and Inclusion. Not too much micro-management.

    Cons

    Lack of communication/transparency and synergies across teams due to size and different business models.
    Political at senior management level.
    Brand in Europe is not very strong.

    Advice to ManagementAdvice

    More internal mobility opportunities. Promote from within and build female leaders in the business. Try long-term talent planning

    Recommends
    Positive Outlook
  8.  

    Overall Positive experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Bank of America full-time

    Pros

    Great teams, top management care about what employee has to say, excellent benefits

    Cons

    A lot of office politics, just doing your work won't be enough to be promoted.

    Advice to ManagementAdvice

    Cut down hierarchies and promote internal employees

  9.  

    Did not meet expectations

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

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

    Pros

    Being based in Chester provides a very different range of opportunities outside of work compared to the usual investment banking lifestyle in London.

    Cons

    Poor pay relative to London, very much out of sight, out of mind to management. Decisions dominated by politics rather than the best outcomes from the company point of view. Staff retention rates are dire.

    Advice to ManagementAdvice

    Need to start engaging with the causes of staff turnover.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  10.  

    Very good employer

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Bank of America part-time

    Pros

    Very good employer, can recommend it

    Cons

    Can be stressful, depending on placement

    Advice to ManagementAdvice

    N/A

    Recommends
    Neutral Outlook
    Disapproves of CEO
  11.  

    Large complex firm filled with the usual politics

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

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

    Pros

    American culture, friendly, more relaxed atmosphere compared to large European houses

    Cons

    Lacking European/Germanic levels of governance/oversight, more political than other firms, inter rivalry gets in the way of achievements

    Recommends
    Positive Outlook
    No opinion of CEO

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