Bank of America Reviews

Updated 26 April, 2015
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3.3
8,261 Reviews
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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
3,496 Ratings

Pros
  • Excellent work life balance including remote work from home for certain positions (in 417 reviews)

  • They have a program called MyWork which allows you to work from home or from any location (in 223 reviews)

Cons
  • Work/life balance was a little tough but you are going to get that anywhere to be honest (in 180 reviews)

  • upper management failed to listen to the lower ranks often missing oppertuinitys (in 184 reviews)

More Pros and Cons

Employee Reviews

Sort: Popular Rating Date
  1. Great Culture

    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Bank of America

    Pros

    Bank of America is one of the best places i worked so far, a best place to improve success full career. We always success because it's team work.

    Cons

    Bank of America gives freedom to their employees to adapt new methods, technology & culture. Bank of America values their employees. A proud place to work.

  2. Most people start as a temp, then turn full time

    Current Employee - Operations Team Lead
    Current Employee - Operations Team Lead

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

    Pros

    excellent networking opportunities, great health benefits, lots of social community events, international exposure, people are not pressured to socialize after hours

    Cons

    low pay, long hours given the type operations work, managers do not really care about your career growth, most people start from a temp to turn full time

  3. An organization with too much hierarchy and politics

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

    I have been working at Bank of America full-time

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    -Work from home option
    -No one cares about work quality if you can deliver quantity

    Cons

    -Too many layers, upper management has no clue nor cares about what happens with employees
    -Lots of politics and work quality is a low priority
    -Many incompetent staff making those competent overloaded

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  5. I like this company.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Assistant Vice President in Toronto, ON
    Current Employee - Assistant Vice President in Toronto, ON

    I have been working at Bank of America

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Just I love the amount they pay me.

    Cons

    This company is very burocratic.

    Advice to Management

    To increase salary.

  6. great company to work for

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

    I have been working at Bank of America

    Pros

    a great company to work for in general

    Cons

    training excellent
    compensation quite good for this role
    the leadership team does not understand some part of the business
    limited room to grow

  7. Tons of red tape, too much useless work

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

    I have been working at Bank of America full-time

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Salary, loose oversight, good vacation policy. Reasonable amount of freedom

    Cons

    Crazy amount of work that just drops out of the sky. Too much risk oversight that stifles anything

  8. Interview Style

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Credit Services Representative in Toronto, ON
    Current Employee - Credit Services Representative in Toronto, ON

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

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Very easy going interviewers, not much pressure.

    Cons

    Interviewers spent 90% of their time speaking about themselves and the role. Asked maybe one traditional interview question. It was very informal and conversational.

    Advice to Management

    interviews need more structure.

  9. Uneventful internship

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Intern - Software Developer in Toronto, ON
    Former Intern - Software Developer in Toronto, ON

    I worked at Bank of America as an intern (Less than a year)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    The people at Global Market and Research Technology team are nice, helpful most of the time

    Cons

    As an intern, there was very little guidance in the beginning, and the work given to me was very obscure and unimportant.

    Advice to Management

    Please train the supervisors on how to get an intern started, and don't even hire interns if there's not a need for it.

  10. Plenty of opportunity to work on great projects.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Contractor - Project Manager in Toronto, ON
    Former Contractor - Project Manager in Toronto, ON

    I worked at Bank of America as a contractor (More than 3 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Exposure to interesting projects that are large and complex in nature. The ability to work with technology teams that are driven to make positive changes. You are provided all the tools necessary to be successful in your role.

    Cons

    Working at a satellite office outside of the major centres can be isolating from cross functional teams, and career growth opportunities can be limited.

  11. Does not value or reward talent

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

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

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Strong team cohesion does exist in certain parts of the teams.

    Cons

    Does not value talent, and sometimes hiring the wrong people for the job. Strict no-retention policy has resulted a lot of people and knowledge loss. Does not understand investment banking culture.

    Advice to Management

    It's important to actually reward your top performers properly. Losing your valuable knowledge then scramble to find replacements will just result in mediocre productivity. There is more than just simply trying to cut all costs.

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