Bank of America Corporation https://www.bankofamerica.com/

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anon2749 Senior Vice President (SVP)
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January 1970

Great maternity leave policy (16 weeks) and very competitive benefits

Job Satisfaction Level
3.0
$100k-$150k
$20k-$50k
16 paid / unpaid
Yes
Yes
Improve work-life balance and policies (e.g. flex-time, limit face time)
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anon2734
Send Message 0
January 1970

Depending on your LOB, fully utilizing your maternity leave, vacation and sick time can prove to be a challenge. Overall benefits are decent but external hires seem to be able to make the most of their transition to BofA and are richly compensated for the same work an internal hire may be promoted into.

Job Satisfaction Level
3.0
12 paid / unpaid
The leave policy changed 3 weeks after I returned to reflect 16 weeks fully paid. Although I could have utilized those changes and gone back out on leave I decided to continue working.
Yes
Depends on the role and whether you are prepared to engage in office politics. It's very much who you know and what those you know think or you. In addition, I am not completely familiar with ML, but from my observations this affiliate of the bank is still very much male dominated.
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anon2694 Vice President, Operations
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January 1970

Depends on the department spnits very important to understand culture before accepting a position. You also need to be comfortable with change because more than likely your position will change in 6-12 months

Job Satisfaction Level
3.0
$100k-$150k
$10k-$20k
16 paid / unpaid
Recently increased leave from 12-14 weeks
Not for Pay, Promotion
Depends on the department spnits very important to understand culture before accepting a position. You also need to be comfortable with change because more than likely your position will change in 6-12 months
Improve my compensation
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NYCSunshine Vice President (VP)
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January 1970

In some aspects the company is efficient and exciting but in it is also very beaurocratic and poltical; getting work done and receiving proper reward/recognition can be difficult - short-sighted cost cutting comes at a great expense.

Job Satisfaction Level
3.0
$100k-$150k
$20k-$50k
16 paid / 8 unpaid
Not for Pay, Promotion, Evaluation and Reviews
depends on the department, position and career goals
Improve my compensation
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Anonymous - 9656
Send Message 0
January 1970

Overall I think there are strong woman and family friend pollicies but the ability to use them and feel confidenct that your career growth will not be stiffled is very depedent on the team.

Job Satisfaction Level
3.0
$100k-$150k
$20k-$50k
None taken
This was recently increased to 16 weeks.
Not for Pay, Promotion
Hours
With any large organization, I think the culture can change dramatically across teams and largely is dependent on your manager and executive team.
Improve my compensation
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Anonymous - 9261
Send Message 0
January 1970

Job Satisfaction Level
3.0
None taken
Not for Pay, Promotion
depends on the opportunity and the pay
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Anonymous - 9248
Send Message 0
January 1970

Flexiblity dependand on group and manager. Culture is still plagued by concerns of "when is the next round of layoffs".

Job Satisfaction Level
4.0
>$150k
$50k-$75k
None taken
Yes
Yes
Improve my compensation
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anon1621
Send Message 0
January 1970

The benefits are very good including parental leave, elder care assistance, etc., however, it's such a large employer, it can be difficult to network, find mentors, and move around for your career.

Job Satisfaction Level
3.0
$80k-$100k
$0-$10k
None taken
Yes
Hours, Culture, Policies
Bank of America Merrill Lynch is such a large employer, experiences for women may vary wildly among different departments in the company.
Improve work-life balance and policies (e.g. flex-time, limit facetime)
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anon1566 Portfolio Management Officer, Global Commercial Banking
Send Message 0
January 1970

I think flexibility and work/life balance can be location-specific. I have a very laid back manager who respects the demands of parenthood and encourages people to communicate honestly with him.

Job Satisfaction Level
4.0
$50k-$80k
$0-$10k
None taken
Bank of America has a fairly generous maternity leave policy.
Yes
Hours, Culture, Policies
Yes
Improve my compensation
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anon7956 Financial Advisor
Send Message 0
January 1970

Merrill Lynch is still a boys club. Management refuses to acknowledge this and give women the resources, pay, or access to level the playing field.

Job Satisfaction Level
2.0
$25k-$50k
$0-$10k
None taken
Not for Pay, Promotion, Hiring, Evaluation and Reviews
Hours
No
Improve my compensation

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Women Review Bank of America Corporation for Culture, Pay and Gender Equality | Fairygodboss

Free, anonymous reviews of Bank of America Corporation by female employees, including pay, hours, maternity leave, flextime, and company culture

3.1 stars, based on 48 reviews Company Website anon2749 anon2734 anon2694 NYCSunshine anon1621 anon1566 anon7956