Bank of America

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Bank of America Reviews

Updated Jul 28, 2014
All Employees Current Employees Only

3.2 6,122 reviews

74% Approve of the CEO

Bank of America President & CEO Brian T. Moynihan

Brian T. Moynihan

(2,592 ratings)

63% of employees recommend this company to a friend

Review Highlights

Pros
  • Excellent work life balance including remote work from home for certain positions (in 352 reviews)

  • Great coworkers, good work /life balance they let a lot of people work from home (in 195 reviews)


Cons
  • Sexism; old BFF network; little work life balance, but they gave lip service to it (in 138 reviews)

  • Lack of communication from upper management with regards to procedure changes (in 162 reviews)

More Highlights
6,122 Employee Reviews
Relevance Date Rating
in
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Interview Style

    Credit Services Representative (Current Employee) Toronto, ON

    ProsVery easy going interviewers, not much pressure.

    ConsInterviewers 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 Senior Managementinterviews need more structure.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Uneventful internship

    Software Developer (Former Employee) Toronto, ON

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

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

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

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Does not value or reward talent

    Anonymous Employee (Current Employee)

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

    ConsDoes 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 Senior ManagementIt'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.

    No, I would not recommend this company to a friend

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Plenty of opportunity to work on great projects.

    Project Manager (Former Employee) Toronto, ON

    ProsExposure 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.

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

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Overall a cooperative and relaxed work environment.

    Software Developer (Former Employee) Toronto, ON

    ProsThey used telephone extensively to communicate with developers abroad. It was hard to get used to talking over the phone instead of face to face but once you get used to it, it becomes natural and even easier. A lot of opportunities to work with people abroad.

    ConsToo many meetings that are sometimes long and unnecessary. It can sometimes impede with your daily work from attending too many meetings.

    Advice to Senior ManagementN/A

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

     

    BoA

    Anonymous Employee (Current Employee)

    ProsGood company, nice people, invited to corporate events

    Conssometimes lack of work, bored at times

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Good

    Operations Analyst (Current Employee) Toronto, ON

    ProsEveryone is friendly, unlikely you are needed for OT

    Conssome of them are not that efficient

    Advice to Senior Managementnothing

    Yes, I would recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Recovery Analyst

    Anonymous Employee (Former Employee)

    ProsFlexible work hours. You can work as many hours as you wish, and chance to make extra cash through commission.

    ConsYou are treated like a number, high turn over, because the job is stressful (collections,call center). Your supervisor monitor's every move you make, from speaking to your neighbor to how many times you used the washroom.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

    Unplanned Hiring and Firing is breaking contractor market

    Programmer Analyst (Former Employee) Toronto, ON

    ProsPay sounds good if not considering workload.
    Company is apparently attractive if not stepping inside.

    ConsUn-planned management -- Hire a lot of people this quarter, fire them next quarter. Totally depends on Bank's side. Neglects contract term. They are breaking contractor's job market by frequently doing this.

    Non-manageable process -- Some people write the code at daytime, Other people re-write it at night time. or Vice Versa

    Unrealistic workload

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Micro Management

    Applications Developer (Current Employee) Toronto, ON

    ProsGood domain and satisfactory salary

    ConsMicro Management of lead... very bad experience... everyday you will feel like last day

    Advice to Senior ManagementDon't do micro management, have activities other then work...

    No, I would not recommend this company to a friend

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