Bank of America

  www.bankofamerica.com
  www.bankofamerica.com
There are newer employer reviews for Bank of America

 

Great company with excellent benefits

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - National Production Support in Atlanta, GA (US)
Former Employee - National Production Support in Atlanta, GA (US)

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

Pros

Competitive salary and benefits. I was in a work from home job the last 2 years employed which really cant be beat.

Cons

401k really din't have much in the way of fund selection. I've read that this is pretty much standard for the banking industry. There is just too much money to be made back by offering mediocre funds and hoping you will buy the banks funds which tend to under perform the market and have high fees to boot. They also rely on out sourced labor so be prepared to be jettisoned if they deem you replaceable.

Advice to ManagementAdvice

I still own BAC stock so keep up the out sourcing and continue to drive profits up but be aware that the offshore labor you hire are contractors. The don't work for the bank. They are loyal to the contractor company that prints their paychecks and will immediately jump ship for a higher paying gig at first opportunity.

Recommends
Positive Outlook
Approves of CEO

7140 Other Employee Reviews for Bank of America (View Most Recent)

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  1.  

    Great products, but large and hard to get things done

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

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

    Pros

    Great capabilities. Good compensation. Good people.

    Cons

    Hard to get changes made.

    Advice to ManagementAdvice

    Delegate some power down so employees can make changes that will improve the company

    Recommends
    Neutral Outlook
    Approves of CEO
  2.  

    Good place to learn and develop

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

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

    Pros

    Many opportunities to develop career

    Cons

    In my opinion there is few things that are getting improve

    Recommends
    Positive Outlook
    Approves of CEO
There are newer employer reviews for Bank of America

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