Bank of America

www.bankofamerica.com
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1 person found this helpful  

it's ok.

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Personal Banker in Lynnwood, WA (US)
Current Employee - Personal Banker in Lynnwood, WA (US)

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

Pros

there's room for growth. good benefits. mostly pleasant people to work with.

Cons

pays not that great. not all that great at recognizing talent.

Recommends
Neutral Outlook
Approves of CEO

7787 Other Employee Reviews for Bank of America (View Most Recent)

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  1.  

    Hands down the worst work environment in my career

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

    I worked at Bank of America full-time (more than 5 years)

    Pros

    There used to be some good work colleagues there, but most left in 2009-10
    Can't think of many others

    Cons

    Lying, backbiting, manipulative management
    An environment of fear, loathing, and constant tension
    Rampant HR violations, like age and sex discrimination
    Unrealistic expectations
    Contempt for customers
    Idiotic training
    Non-sense social responsibility
    Huge ethical and integrity lapses
    Terrible internal IT systems
    Moronic marketing and executive management
    The managers who remain are the dregs -- all the good rats jumped ship long ago

    Advice to ManagementAdvice

    Break it up, it is a classic case of the "Inefficiency of scale" -- turn it into 6-8 regional banks with a focus on excellence in customer service. Spin off ML and all the other non-banking units. Spin off the niche units like US Trust.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2.  

    Regional bank with a very large balance sheet.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Director in New York, NY (US)
    Current Employee - Director in New York, NY (US)

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

    Pros

    Some intelligent colleagues respectful of one another - not the corporate culture.

    Cons

    They build things up to take them down. An amalgam and patchwork of different firms populated by cliques either acquired or brought on en masse. Moynihan slashing and burning for the purpose of appearing to be a tough leader - mocking the discarded as dead wood why did they hire them in the first place. Purely a numbers game - ask their customers.

    Advice to ManagementAdvice

    Take the mantel of the small (minded) regional bank and stop pretending.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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