There are newer employer reviews for Bank of America

 

its good working with branded company

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Banking Center Manager Associate  in  Hyderābād (India)
Current Employee - Banking Center Manager Associate in Hyderābād (India)

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

Pros

good transportation, good working environment

Cons

no much career growth, worst with salary

Advice to ManagementAdvice

do some justice to employees regards to salaries

Doesn't Recommend
Neutral Outlook
No opinion of CEO

6471 Other Employee Reviews for Bank of America (View Most Recent)

Sort: Rating Date
  1.  

    Unorganized; entirely to HR driven; unrewarding success

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Underwriter  in  Addison, TX (US)
    Former Employee - Underwriter in Addison, TX (US)

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

    Pros

    It's nearly impossible to get fired. It doesn't matter if you are terrible at your job as long as you're there.

    Cons

    Poor corporate culture; unrewarding success; management put processes into place before actually seeing the possible effects.

    Advice to ManagementAdvice

    Organize.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  2. 1 person found this helpful  

    Perceptions from a Long Term (26 years+) IT Employee Laid Off

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Consulting Systems Eng-CA  in  Concord, CA (US)
    Former Employee - Consulting Systems Eng-CA in Concord, CA (US)

    I worked at Bank of America full-time for more than 10 years

    Pros

    Benefits and pay were very good (health, retirement), although they having been heading downhill for the last couple years (pension contribution recently cut in half, health care cost keeps rising). Most IT employees can work from anywhere. Technology is fairly current and a lot of money is spent to provide the premier online and branch banking systems in the world. A lot of good technicians still there.

    Cons

    Due to recent market conditions, especially around issues related to purchases of Countrywide and Merrill Lynch, there is a massive belt tightening and downsizing currently underway. IT associates live in constant fear of being laid off, and many are being forced to work long hours to make up for depleted teams. Many roles (including most programmers) have been outsourced (tens of thousands of contractors and employees in India and other countries). Project manager roles are generally contracted out for the length of the projects (meaning often, PMs need to learn the Bank's processes and have limited knowledge of Bank environments).

    Advice to ManagementAdvice

    Look back at how the Bank (especially the original Bank of America) used to function around training, maintaining, empowering, and advancement. It used to true when upper management said that the Bank's most important asset was its people, and processes were in place to support that (by the way, is there still an annual employee opinion survey, with the required management followups to it?). It may be a hit on the bottom line (although you should still be able to show a profit), but investing in your people would make a big difference in your future.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
There are newer employer reviews for Bank of America

Worked for Bank of America? Contribute to the Community!

Your response will be removed from the review – this cannot be undone.