Bank of America
3.2 of 5 5,366 reviews
www.bankofamerica.com Charlotte, NC 5000+ Employees

Bank of America Reviews

Updated Apr 13, 2014
All Employees Current Employees Only

3.2 5,366 reviews

                             

73% Approve of the CEO

Bank of America President & CEO Brian T. Moynihan

Brian T. Moynihan

(2,226 ratings)

62% of employees recommend this company to a friend
5,366 Employee Reviews
Relevance Date Rating
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Review Highlights

Pros:
  • "The work-life balance can be better but most managers are pretty flexible with you"
    in 279 reviews
  • "I was in a work from home job the last 2 years employed which really cant be beat"
    in 155 reviews
Cons:
  • "Management talked about work life balance, but did not support it with actions"
    in 97 reviews
  • "It just doesn't click for them and upper management doesn't want to rock the boat"
    in 124 reviews
  • Show more review highlights

Reviews

  • 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

I worked at Bank of America as a contractor for more than 3 years

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

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  • 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)

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

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

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  • Culture & Values
         
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  • Career Opportunities
         
  • No Opinion of CEO

 

Overall a cooperative and relaxed work environment.

Software Developer (Former Employee)
Toronto, ON

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

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

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BoA

Anonymous Employee (Current Employee)

I have been working at Bank of America

ProsGood company, nice people, invited to corporate events

Conssometimes lack of work, bored at times

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  • Culture & Values
         
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  • Comp & Benefits
         
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  • Approves of CEO

 

Good

Operations Analyst (Current Employee)
Toronto, ON

I have been working at Bank of America as a contractor for less than a year

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

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  • Culture & Values
         
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  • Comp & Benefits
         
  • Career Opportunities
         
  • No Opinion of CEO

 

Recovery Analyst

Anonymous Employee (Former Employee)

I worked at Bank of America

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

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  • 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

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

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

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

 

Micro Management

Applications Developer (Current Employee)
Toronto, ON

I have been working at Bank of America full-time for less than a year

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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Targets are ridicules high

Anonymous Employee (Former Employee)

I worked at Bank of America

ProsNone the company cut the incentive for all employes by 60%

ConsNone bad pay and benefits

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  • Culture & Values
         
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  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • Approves of CEO

 

Good place to work. Smart people and high demands leads to good future outcome.

Middle Office Analyst (Former Employee)
Toronto, ON

I worked at Bank of America full-time for more than a year

ProsOpen management
Willing to promote those that work the hardest
Good pay

ConsFront office had too much leverage
Sometimes things were lost in the pipeline due to the size of the company

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

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