Bank of America Employee Reviews in New York, NY
New York, NY1,224 reviews
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First, there is a lot of helpful people and a lot of support recently to grow your career through internal moves and promotions. They fully support moving between business and operational functions of your skill set translates. If you can prove your worth, you really get an opportunity to personally stand out and represent yourself.But there are drawbacks. Mainly the company pays slightly below peers, and the company also is stubborn about investing in people processes that will foster job quality improvement. It is very bureaucratic and siloed. You team may be spread out around the country and you may rarely personally meet your direct manager or direct reports; therefore, some roles lack culture.
Fringe benefits, career mobility
Compensation, Inefficient Processes, Lacks Culture
Not the place i’d recommend as it could take a toll on people mentally if you’re not equipped to handle the workload and the people. Lots of insane expectations with little assistance from upper management. The benefits are the only true plus working here.
Pretty much everything else
Good place to start in banking and pay is competive. Training always available, They give you fair opportunity to apply for the next position available. Teller, to personal banker, business banker to Manager. They encourage you to move up to the next level less than one year.
Audits should solely be VP and Managers.
Do not let the fancy name fool you. A relationship banker. Is a teller who can “theoretically” open up accounts as well, but the latter primarily goes to relationship managers. There’s a biigggggg difference between relationship manager and bankers. A relationship manager is a somewhat decent job from what I saw. You primarily open accounts, such as credit cards, checking etc. A relationship banker, is basically just a teller that can do everything. But tends to just do the tedious aspects of each role. I was lucky and my team was great. But the job was misleading.
Misleading job description
Amazing kitchen with lots of space and top notch equipment. Very clean and sanitary environment. Staff is respectful and genuinely like their job.
Respectful management, teamnis hard working, excellent ktichen and functional equipment.
Little motivation, but that is due to Covid-19.
Great place to work, leadership gives very clear direction for the whole company and wants everyone to live their core values in their everyday work. Big focus on learning, involvement, and professional development. Hours can sometimes be long (more so in a WFH environment) but nothing crazy. There are your typical corporate politics and it isn't always clear how to get promoted or move around.
It’s a big company so the culture various a lot across different functions. Like everywhere in finance, the pay is good and the advancement opportunities are plentiful. However, life is stressful and you’ll encounter a lot of managers who couldn’t care less about your career or you as a person. If you find a good spot with a decent manager, stay tight. But there are plenty of opportunities and better cultures out there.
Overall a great company to work for. Benefits for the company are great! your typical 401k and health benefits. The company really looked out for their front line employees during the pandemic and assured your were good during the pandemic by providing additional perks. Politics in the company due exist. It's all about who you know and interact well with in upper management in order to get promoted.
Depending on group, you could have top notch GS/MS caliber group heads, or less stellar ones. Generally, the culture is a bit ambiguous and less strong given how few leaders are home grown. On the whole, high quality, ethical people. If you show loyalty, you’ll be rewarded.
Challenging work, interaction with executives daily
No time off, no sleep
This place was a sweatshop. Overwhelmed and overworked with little/no recognition. Managers care only about meeting deadlines and deliverables without any interest in you as a person or your professional development
None. Very cheap with no employee perks
After 10 years I am still impressed and challenged at this place. I could easily do another 20 years here and see myself retiring with this company. Work life balance and the support for black lives matter causes is also above and beyond.
Healthcare, Long Hours
Bank of America can be a bit of a bureaucratic place to work but overall i have a positive experience here. The work culture is generally positive and management has a focus on "doing the right thing". For a self-starter or someone trying to innovate in a big corporate, this can be a tough place as it focuses on the safe and tested.
The technology is really old. Pay is not as high as some other large banks. Sales goals are high and can be difficult to get due to low customer volume. Not enough support behind teller window when there is a rush of customers. Some people have a big attitude problem and I'm not sure why they're allowed to work here.
Not much work to be done
Not much support, sales goals too high.