Bank of America

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Bank of America Reviews

Updated 21 August, 2014
Updated 21 August, 2014
6,320 Reviews

3.3
6,320 Reviews
Rating Trends

Recommend to a friend
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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
2,676 Ratings

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

Employee Reviews

Sort: Popular Rating Date
  1.  

    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

    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 ManagementAdvice

    interviews need more structure.

    Recommends
    Positive Outlook
    No opinion of CEO
  2.  

    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

    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

    Recommends
    Neutral Outlook
    Approves of CEO
  3.  

    Uneventful internship

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

    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 ManagementAdvice

    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.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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  5.  

    Plenty of opportunity to work on great projects.

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

    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.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    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

    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 ManagementAdvice

    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.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  7.  

    Overall a cooperative and relaxed work environment.

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

    Pros

    They 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.

    Cons

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

    Advice to ManagementAdvice

    N/A

    Recommends
    Positive Outlook
    No opinion of CEO
  8.  

    BoA

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Good company, nice people, invited to corporate events

    Cons

    sometimes lack of work, bored at times

  9.  

    Recovery Analyst

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

    Pros

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

    Cons

    You 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.

    Doesn't Recommend
    No opinion of CEO
  10.  

    Good

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

    Pros

    Everyone is friendly, unlikely you are needed for OT

    Cons

    some of them are not that efficient

    Advice to ManagementAdvice

    nothing

    Recommends
    Neutral Outlook
    Approves of CEO
  11.  

    Unplanned Hiring and Firing is breaking contractor market

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Programmer Analyst  in  Toronto, ON
    Former Employee - Programmer Analyst in Toronto, ON

    Pros

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

    Cons

    Un-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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