Bank of America

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

 

its good working with branded company

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Banking Center Manager Associate in Hyderābād (India)
Current Employee - Banking Center Manager Associate in Hyderābād (India)

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

Pros

good transportation, good working environment

Cons

no much career growth, worst with salary

Advice to ManagementAdvice

do some justice to employees regards to salaries

Doesn't Recommend
Neutral Outlook
No opinion of CEO

7151 Other Employee Reviews for Bank of America (View Most Recent)

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  1. 1 person found this helpful  

    Perceptions from a Long Term (26 years+) IT Employee Laid Off

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Consulting Systems Eng-CA in Concord, CA (US)
    Former Employee - Consulting Systems Eng-CA in Concord, CA (US)

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

    Pros

    Benefits and pay were very good (health, retirement), although they having been heading downhill for the last couple years (pension contribution recently cut in half, health care cost keeps rising). Most IT employees can work from anywhere. Technology is fairly current and a lot of money is spent to provide the premier online and branch banking systems in the world. A lot of good technicians still there.

    Cons

    Due to recent market conditions, especially around issues related to purchases of Countrywide and Merrill Lynch, there is a massive belt tightening and downsizing currently underway. IT associates live in constant fear of being laid off, and many are being forced to work long hours to make up for depleted teams. Many roles (including most programmers) have been outsourced (tens of thousands of contractors and employees in India and other countries). Project manager roles are generally contracted out for the length of the projects (meaning often, PMs need to learn the Bank's processes and have limited knowledge of Bank environments).

    Advice to ManagementAdvice

    Look back at how the Bank (especially the original Bank of America) used to function around training, maintaining, empowering, and advancement. It used to true when upper management said that the Bank's most important asset was its people, and processes were in place to support that (by the way, is there still an annual employee opinion survey, with the required management followups to it?). It may be a hit on the bottom line (although you should still be able to show a profit), but investing in your people would make a big difference in your future.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2.  

    Could be a lot better

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

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

    Pros

    The people are terrific, the comp is good, you are given a lot of responsibility for the money

    Cons

    Since being taken over by B of A there is WAY too much bureauacracy. The benefits are getting worse

    Negative Outlook
    No opinion of CEO
There are newer employer reviews for Bank of America

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