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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 for 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

Other Reviews for Bank of America

  1.  

    Regular s&t summer internship

    Former Employee - Summer Analyst  in  Hong Kong (Hong Kong)
    Former Employee - Summer Analyst in Hong Kong (Hong Kong)

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

    Pros

    was an intern at a sales desk in Hong Kong. The associates and executive level staff there were friendly enough to hang out and work with. Networking events and seminars were fun and somewhat rewarding.

    Cons

    There were some redundancies in the s&t part of BAML, at least the office in HK. Also, s&t was the weak part of BAML so the prestige would be an issue.

    Advice to ManagementAdvice

    Recruit or headhunt more income-generating people rather than wasting millions of dollar on people who are incompetent.

  2. 1 person found this helpful  

    Work for Penuts! Unless you are management

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

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

    Pros

    Benefits are very competitive compared to other banks.

    Cons

    They don't pay enugh to their front line associates, such as tellers, customer service reps, etc.

    Advice to ManagementAdvice

    Pay a decent wage, happy employee equals happy customer.

    Doesn't Recommend
    Neutral Outlook
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