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Employment at Bank of America

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Operator  in  Newark, DE (US)
Former Employee - Operator in Newark, DE (US)

I worked at Bank of America full-time for less than a year

Pros

Employees had many educational opportunities. Good severance pkg ..

Cons

Layoffs .. Took over MBNA and laid hundreds off. I was part of the layoff. .. Worked for MBNA 11yrs ..BOA took over & I was laid off in less than a year

Advice to ManagementAdvice

Try to keep former employees as they are already educated and worth the extra salary.

Recommends
Neutral Outlook
No opinion of CEO

Other Reviews for Bank of America

  1.  

    Senior Operations Analyst

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Operations Analyst  in  Saint Louis, MO (US)
    Current Employee - Senior Operations Analyst in Saint Louis, MO (US)

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

    Pros

    I cannot speak on behalf of all departments within the organization. However, in my department, my Manager was very supportive of what I wanted to do with my career. My fellow Associates and I were also supportive of one another as well.

    Cons

    You do work with some fellow Associates who were loyal to the previous bank after a merger. Thus, making it difficult to work in the department. I either avoid them or wait until they eventually change their feelings towards the new bank.

    Recommends
    Neutral Outlook
    Approves of CEO
  2.  

    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 for more than 10 years

    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 ManagementAdvice

    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.

    Recommends
    Positive Outlook
    Approves of CEO
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