Bank of America

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

1 person found this helpful  

The most incompetent, unethical and corrupt company you will ever find

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

I worked at Bank of America full-time (more than 3 years)

Pros

That I left the company without wasting any more time.

Cons

No pay for performance. People were being laid off from a department while their replacements were in the training rooms getting trained to take their places. This place is a revolving door. People hired and moved up into management who couldn't handle their entry level position. Management deliberately the underwriting of loans to keep the volumn of loan approvals down while approving other loans that had worse credit profiles. You will not find a lower more corrupt form of business.

Advice to ManagementAdvice

Clueless puppets

Doesn't Recommend
Negative Outlook
Disapproves of CEO

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

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  1. 1 person found this helpful  

    Like a clock on a wall...always moving, but never going anywhere

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

    I worked at Bank of America full-time (more than 3 years)

    Pros

    Knowledgeable staff; above average employee benefits; lots of opportunities for community service; generally fair work/life balance

    Cons

    bureaucratic structure - can sometimes be difficult to get things accomplished; compensation is below market - COLA vs raise; promotions are rare and often come with increased responsibility without an increase in comp

    Advice to ManagementAdvice

    give more autonomy to people to get things accomplished; reward hardworking and high-performing associates with more than just occasional verbal praise;

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  2. 1 person found this helpful  

    Bank of America tries hard to strive for Work/Life Balance and provide growth opportunities but has fallen short.

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

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

    Pros

    Coworkers. Fast Paced. No 2 days are alike.

    Cons

    Lack of training, work/life balance issue, poor upper management, too much red tape and hurdles to jump over for approvals and funding. Not on the cutting edge of technology.

    Advice to ManagementAdvice

    The Merrill Lynch work ethic has taken over since the acquisition and I don't mean that as a positive comment. Work/Life balance got thrown out the window. Too much emphasis on face time and not enough and actual results and accomplishments. Need a housecleaning across the top 3-4 levels of management to bring in new ideas and current technology.

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

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