There are newer employer reviews for Bank of America
There are newer employer reviews for Bank of America

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Great company with excellent benefits

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - National Production Support in Atlanta, GA (US)
Former Employee - National Production Support in Atlanta, GA (US)

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

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

Pros

Competitive salary and benefits. I was in a work from home job the last 2 years employed which really cant be beat.

Cons

401k really din't have much in the way of fund selection. I've read that this is pretty much standard for the banking industry. There is just too much money to be made back by offering mediocre funds and hoping you will buy the banks funds which tend to under perform the market and have high fees to boot. They also rely on out sourced labor so be prepared to be jettisoned if they deem you replaceable.

Advice to Management

I still own BAC stock so keep up the out sourcing and continue to drive profits up but be aware that the offshore labor you hire are contractors. The don't work for the bank. They are loyal to the contractor company that prints their paychecks and will immediately jump ship for a higher paying gig at first opportunity.

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  1. Good place to learn and develop

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Personal Banker in Brooklyn, NY (US)
    Current Employee - Personal Banker in Brooklyn, NY (US)

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

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

    Pros

    Many opportunities to develop career

    Cons

    In my opinion there is few things that are getting improve

  2. Helpful (1)

    Work for Penuts! Unless you are management

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

    I worked at Bank of America full-time (More than 5 years)

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    Benefits are very competitive compared to other banks.

    Cons

    They don't pay enugh to their front line associates, such as tellers, customer service reps, etc.

    Advice to Management

    Pay a decent wage, happy employee equals happy customer.

There are newer employer reviews for Bank of America
There are newer employer reviews for Bank of America

See Most Recent

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