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Bank of America:What's it like to work here?

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Bank of AmericaBank of AmericaBank of America
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Review averages

  • 1141 employees say

    Excellent (512)
    44.87291849255%
    Good (277)
    24.276950043821%
    Satisfactory (193)
    16.914986853637%
    Subpar (159)
    13.935144609991%
    3.54
  • 0 applicants say

    Excellent (0)
    0%
    Good (0)
    0%
    Satisfactory (0)
    0%
    Subpar (0)
    0%
    0.00

Reviews for Bank of America

Reviews - What employees say

3.54 Employees say
0.00 Applicants say

Suggestions for improvement

  • The following user says thank you for your time and consideration and I will be a good day to day basis of

What I like about the company

I like the company I work for. It gives me the chance to communicate with other people on THE Job and I will be a good time to get the same as the one I have a great day and I will be a good time to get the same as the one I have a great day and I will be a good time to get the same as the one I have a great day and I will be a good time to get the same as the one I have a great day and I will be a good time to get the same as the one I have a great day and the other side of my life with you to the right now but I am a very good morning I will be a problem with I attached the signed contract for the next few days to get back to the inbox to work in the past few months ago but I am a very good morning I will be able to do it is a very good morning I will be able to do it is a very good morning I am going to the inbox so folder on the phone with them and the other day and I will be a good time to meet you at the end of the day of the day of the day of the day of the day of the day of the day of the day of the day of the day of the day of the day of the day of the day of the day of the day of the day of the day of the day of the day of the day of the day of the day of the day of the day of the day of withday of the day of the day of the day of the day of your help in any way you could be wrong though I have to be the case with your company to work on this one of those who are stuck on the phone with the following user name or service not the same as well and I am looking for an hour or more recipients computer to do it is possible to do you have to pay for a new one for each of these times work on my own experience as a reference letter for your time in my case I would be happy to have to go with the following user says thank you for your time and consideration and I will be a good time to get the same as the one I have a great weekend and I will be a good time to get the same as the one I have a great day and I will be a good time to get the same as the one I have a u

What I dislike about the company

None of the day of the day of the day of the day of the day of the day of the day of the day of the day of the day of the day of the day of the day of the day of the day of the day of the day of the day of the day of the

Company Culture
5.00
Support from management
4.00
Teamwork
5.00
Freedom to work independently
5.00
Internal Communication
5.00
Gender Equality
5.00
Attitude towards older colleagues
4.00
Career Development
4.00
Overall compensation for your work
5.00
Office / Work Environment
5.00
Environmental Friendliness
5.00
Work-Life Balance
5.00
Company Image
5.00
Job Security
4.00
Handicapped Accessibility
5.00
Workplace Safety
5.00
Challenging Work
5.00
Inclusive / Diverse
5.00
  • Company
    Bank of America
  • City
    Oakland
  • Are you a Current or Former Employee?
    Current employee
  • Position
    Employee

Support from management

Again, it's not that management doesn't want to support you, but reality is reality. Management is under tremendous pressure to complete an aggressive agenda every quarter. Consequently, after nearly 4 decades in banking I learned the better you know the landscape and develop your own network of contacts the more value you are to management and the more they will help you get the extra mile you need because they know you are self-motivated and pushing forward on your own.

Freedom to work independently

Goes without saying, the more you can successfully contribute on your own toward stated goals, the more value you bring to the team

Attitude towards older colleagues

I'm an older colleague so I'm probably over-sensitive and biased in the direction of self-interest. In my time at the bank, I don't actually know of any situation of formal age discrimination. I wouldn't count my answer on this question.

Work-Life Balance

In My Opinion, the bank tries to provide focus on work-life balance and certainly pays lip service, but reality gets in the way. There are deadlines and other constraints that must be dealt with and the reality is that when a choice needs to be made about catch the 5:30 train and putting in the addition 4 or 5 hours needed to make the morning deadline....well you make the call.

Job Security

It's a bank!

Suggestions for improvement

  • Strengthen middle management

What I like about the company

It is a US Bank and well managed at the Senior Level. Bank of America is a globally recognized Financial Services Brand with an excellent reputation. It was a Company I was proud to be employed by and work for

What I dislike about the company

I think middle management (in my areas of expertise) leaves a good deal to be desired, maybe the worst of any bank I've worked for over 40 years. It is getting better...but in my opinion, senior management is called to the rescue or needs to be directly involved in the day to day far too often.

Company Culture
4.00
Support from management
3.00
Teamwork
3.00
Freedom to work independently
5.00
Internal Communication
3.00
Gender Equality
5.00
Attitude towards older colleagues
3.00
Career Development
3.00
Overall compensation for your work
4.00
Office / Work Environment
5.00
Environmental Friendliness
5.00
Work-Life Balance
2.00
Company Image
5.00
Job Security
2.00
Handicapped Accessibility
5.00
Workplace Safety
5.00
Challenging Work
5.00
Inclusive / Diverse
5.00

The following benefits were offered to me

Parking is offered Stock or equity options is offered 401(k) is offered Ability to work remotely is offered Desirable office location is offered 401(k) Match is offered Flexible spending account is offered Paid time off is offered Healthcare (including vision and dental) is offered Life insurance is offered
  • Company
    Bank of America
  • City
    New York
  • Are you a Current or Former Employee?
    Former employee
  • Position
    Employee
  • Department
    Others

The following perks were offered to me

Health and wellness programs is offered Employee discounts is offered Employee events is offered
  • 14.Jan 2018
  • Employee

Company Culture

Bank of America, DE maintains a very professional and business savvy environment.
To work for this corporation, however, is definitely not for the faint of heart.
You need to be tough and savvy as well.
My role as a software developer contractor on one of BOA's largest IT project undertakings was extremely demanding, but at the same time rewarding.

Support from management

You are very much on your own and need to keep abreast of all team and department activities in order to keep up. Managers have heavy workloads and expect you to somehow know what you need to be working on, what you have to accomplish and by when, without their direction. This includes learning new technologies, as the teams are continuously tasked with learning to utilize new productivity tools and software. Such changes come very frequently and can become quite overwhelming and challenging. You are expected to know everything immediately whether informed, trained, or not.

Teamwork

The work environment is based on the Agile Software Development methodology, where teams of all technologies work together to accomplish the overall goals.
All of the teams and co-workers/associates are the best in the business and can be depended upon to do their part, which makes the Agile mindset work very well here.

Freedom to work independently

Best of both worlds here... You need to be able to work completely independently as well as being an integral member of your team. You are expected to get your job done on time no matter what! In this environment, every team member has to rely on everyone else to stay completely up to date. You are expected by everyone to maintain that standard.

Internal Communication

You pretty much need to keep your ear to the track, in order to keep up with new developments occurring with the project and within your team and responsibility area. There is little internal communication from management as to what direction the project and/or team is going. You're expected to somehow keep yourself completely informed and up to date with all activities and expectations relating to your position at all times.

Gender Equality

All are treated with the same level of dignity, respect and professionalism.
All have equal opportunity (as long as your manager approves of you).
No friendly personal relationships.

Attitude towards older colleagues

As one of the older colleagues, I saw no negative attitudes relating to my age.
However, I was hired for my high level of experience and knowledge, which was greatly needed on this project.
I don’t really know if I would have had the same opportunity or consideration if I were an at an average level.
On the other hand, there seemed to be no one on the entire project that was at an average level. Everyone seemed to be "the best in the business" so to speak.

Career Development

My position was that of a contractor and I was not actually part of the employed staff. However, the position offered an excellent learning opportunity in many areas.

Overall compensation for your work

Fair but not great. Compensation is at the lower end of "average" for each position that I was aware of.

Office / Work Environment

The facilities were fairly comfortable and conducive to the work being done.
Ventilation was adequate but not great and the room temperature was always a little too warm during Winter and too cool during Summer, but not too bad.

Environmental Friendliness

The company observes all standard environmental practices.

Work-Life Balance

Expect to put a lot of your time and effort into your job, as individual dependability is key here. Your job must be as important as your personal time, or you won't last too long. If you cannot be depended upon to perform at all times, you're in trouble.

Company Image

Yes I was proud to say that I was working for Bank of America.
If for nothing else, to attest that I survived there long term.

Job Security

One slip up and you're out!!!
I saw this happen with a few coworkers in the time I was there.
Anything less than top-notch performance is not acceptable.
This probably accounts for everyone there being the best in the business.

Handicapped Accessibility

The facilities contained all of the normal required handicap provisions.

Workplace Safety

Security closely tracks and monitors everyone entering and leaving the facility, in order to account for everyone in case an emergency evacuation becomes necessary.
Emergency/Disaster procedures are in place and often practiced.

Challenging Work

Extremely challenging as you are expected to be one of the best at what you do at all times and in all situations. I was proud to have been a respected and significant member of the project and to be considered a valuable resource in such a challenging environment. If you can make it at BOA, you can make it anywhere!
NOT an easy place to work and succeed.

Inclusive / Diverse

Although individual ideas are valued, they had better be good ones or respect is quickly lost. This is a forced high speed learning/proving ground, where you have to keep up.
If you don't have instant informed answers to questions put to you, as well as solid resolutions to issues, you are in trouble.
Slack off the slightest bit and you're out - no questions asked!
NO DEAD WOOD ALLOWED!

Suggestions for improvement

  • Associates should be given much better direction. They are expected to know what they should be doing and learning at an overwhelming pace and given almost no insight as to what's coming up next. They are simply expected to know everything that is going on at all times, without prior notice. The management accomplishes this expectation by adding absolutely EVERYONE to their email chains and you as an individual are expected to comb through it all and pinpoint your current/future responsibilities

What I like about the company

This demanding work environment keeps you on your toes and teaches you how to swim and not sink. For the past fifteen years as a consultant/contractor, I have been one of the team leaders wherever I have worked, however, this place provided me with a real challenge just to keep up with everyone around me. Everyday was like a real "workout".

What I dislike about the company

It is about the toughest place to work that I have experienced in my 35 year career.
Although it is a very professional environment, it's a sink or swim environment where you're wearing lead boots. And everyone else is too busy keeping themselves afloat to help, even if they wanted to. If you can swim with lead boots on, you'll be okay.

Company Culture
4.00
Support from management
1.00
Teamwork
4.00
Freedom to work independently
3.00
Internal Communication
2.00
Gender Equality
4.00
Attitude towards older colleagues
4.00
Career Development
3.00
Overall compensation for your work
3.00
Office / Work Environment
3.00
Environmental Friendliness
2.00
Work-Life Balance
3.00
Company Image
3.00
Job Security
1.00
Handicapped Accessibility
3.00
Workplace Safety
4.00
Challenging Work
4.00
Inclusive / Diverse
3.00

The following benefits were offered to me

Parking is offered Ability to work remotely is offered
  • Company
    Bank of America Corporation
  • City
    Newark
  • Are you a Current or Former Employee?
    Former employee
  • Position
    Freelance/self-employed
  • Department
    IT

The following perks were offered to me

On site cafeteria is offered Employee discounts is offered

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Review averages

  • 1141 employees say

    Excellent (512)
    44.87291849255%
    Good (277)
    24.276950043821%
    Satisfactory (193)
    16.914986853637%
    Subpar (159)
    13.935144609991%
    3.54
  • 0 applicants say

    Excellent (0)
    0%
    Good (0)
    0%
    Satisfactory (0)
    0%
    Subpar (0)
    0%
    0.00

kununu score comparisons

Bank of America
3.54
1,141 reviews

Industry average (Banking/Investment Banking/Investment Management)
3.40
54,905 reviews

kununu average
3.31
2,787,000 reviews