Bank of America

www.bankofamerica.com

Bank of America Reviews in Chicago, IL

Updated 28 January 2015
Updated 28 January 2015
7,512 Reviews
3.3
7,512 Reviews
Rating Trends

Recommend to a friend
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Bank of America President & CEO Brian T. Moynihan
Brian T. Moynihan
3,210 Ratings

Review Highlights

Pros
  • Excellent work life balance including remote work from home for certain positions (in 417 reviews)

  • They have a program called MyWork which allows you to work from home or from any location (in 223 reviews)


Cons
  • Work/life balance was a little tough but you are going to get that anywhere to be honest (in 180 reviews)

  • upper management failed to listen to the lower ranks often missing oppertuinitys (in 184 reviews)

More Highlights

191 Employee Reviews Back to all reviews

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  1.  

    Employment Experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Banking Center Manager in Chicago, IL (US)
    Current Employee - Banking Center Manager in Chicago, IL (US)

    I have been working at Bank of America

    Pros

    Promotes easily from within. Pension and 401k

    Cons

    High sales goals and high turn over rate.

    Advice to ManagementAdvice

    Set realistic goals

    Recommends
    Neutral Outlook
    Approves of CEO
  2.  

    Technical staffing has fallen far in the last decade.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Internal Software Consultant in Chicago, IL (US)
    Former Employee - Senior Internal Software Consultant in Chicago, IL (US)

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

    Pros

    If you are a contractor from India, it's great, but the "of America" is a joke. Those with actual technical skills have either been laid off as too expensive or left because they saw the handwriting on the wall.

    Cons

    Their software development is a sad pale remnant of what it once was - and the remaining technical management are political game players just playing turf wars (most are cast offs from the failed financial institutions that BofA stupidly picked up since 2008). Almost all development has been off-shored to incompetent foreign developers who deliver late and over budget, if at all.

    Advice to ManagementAdvice

    Stop asking employees why they "are proud to work for BofA" - the only affirmative responses you are getting are from those afraid to voice their honest feelings and those with a weak moral compass. Try doing the hard work (rather than surveys), making the morally coutrageous choices (rather than the cost cutting craven ones), and make it a place to actually be proud of!

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3.  

    teller

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Teller in Chicago, IL (US)
    Former Employee - Teller in Chicago, IL (US)

    I worked at Bank of America part-time (more than a year)

    Pros

    I loved everything about this job.

    Cons

    Maybe not to expect much for high traffic banks such as: 3 credits A DAY!

    Advice to ManagementAdvice

    smile

    Recommends
    Approves of CEO
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  5.  

    Outsourced

    Current Employee - Applications Programmer in Chicago, IL (US)
    Current Employee - Applications Programmer in Chicago, IL (US)

    I have been working at Bank of America as a contractor (less than a year)

    Pros

    * Good Pay
    * Ability to Work from Home on occasion
    * Great downtown location
    * Co-workers are open to new ideas

    Cons

    * Bank employs a very large number of H-1B's. You will be working with an entire team and treated like a 2nd class citizen
    * Junior developers are hired and put in Senior level positions to architect and develop IT applications resulting in poor quality of code and high maintenance costs.
    * Consultants are hired to train lower-level developers but are not directly assigned working on the architecture and/or developing application. Instead, you are supporting H-1B teams and are given trivial tasks.

    Advice to ManagementAdvice

    Cost cutting should not be at the application architecture level. Hire skilled Senior level developers for architecture instead.

    Doesn't Recommend
  6.  

    Size Impedes Performance

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President in Chicago, IL (US)
    Former Employee - Vice President in Chicago, IL (US)

    I worked at Bank of America full-time (more than 8 years)

    Pros

    Competitive base salary and benefits.

    Cons

    Employee bonuses are rarely linked to performance.

    Doesn't Recommend
    Negative Outlook
  7.  

    Not as great as I thought

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Teller in Chicago, IL (US)
    Current Employee - Teller in Chicago, IL (US)

    I have been working at Bank of America part-time (less than a year)

    Pros

    I have pretty awesome coworkers. Everyone is really friendly, and close since there are only 5 people working in my branch. The pay is ok it could be better.

    Cons

    The sales goals are nearly impossible to reach due to the fact that Bank of America in General is so short staffed! It's ridiculous! Upper management expects their tellers to refer while there is only one banker. The wait to see a banker is always about an hour. None of the customers want to wait that long for a banker. The teller line is always ridiculously long with only 2 tellers working. And another employee standing in the lobby literally doing nothing but talking to people when they can be helping us. Not getting paid for referrals also sucks! With the amount of staff Bank of America hires it's really really hard to reach sales goals and make customers and management happy. Almost impossible. This job can get really stressful and annoying.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  8. 2 people found this helpful  

    Great company to work for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Applications Security Engineer in Chicago, IL (US)
    Current Employee - Applications Security Engineer in Chicago, IL (US)

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

    Pros

    Career progression, stability, great employer in terms of work/personal life balance.
    Educational expense reimbursement and great health care.

    Cons

    Too huge of a company to know the senior management on first name basis. Too hard to navigate.

    Advice to ManagementAdvice

    keep doing what you are doing. 2 thumbs up.

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Intern

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Global Commercial Banking in Chicago, IL (US)
    Former Employee - Global Commercial Banking in Chicago, IL (US)

    I worked at Bank of America as an intern (less than a year)

    Pros

    Very helpful peers and there is constant support. They really guide you throughout the internship well and make sure you are on track to reach your goals

    Cons

    The company is so large and you feel like a number not a person. It was not the most exciting experience of my life.

    Recommends
    Positive Outlook
    Approves of CEO
  10. 1 person found this helpful  

    Disappointing

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Implementation Advisor in Chicago, IL (US)
    Current Employee - Implementation Advisor in Chicago, IL (US)

    I have been working at Bank of America full-time (more than 10 years)

    Pros

    Scale of Business and Global Presence

    Cons

    Zero work life balance; good ol boy (or girl) environment; zero empathy

    Advice to ManagementAdvice

    less about the number; more on the associate

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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