(Winged ratings measure job satisfaction on scale of 1 to 5)
Anonymous shared this review of Bank of America, United States on Mar 30th, 2020
"The company is very supportive of women learning and growing within the company. It is a great place to develop your career. You can move throughout multiple departments to achieve a wealth of knowledge learning from great leaders and peers along the way."
Anonymous shared this review of Bank of America, United States on Mar 20th, 2020
"Promotions, which impacts money still favor men. Micromanaging bosses still very much present: "
Anonymous shared this review of Bank of America, United States on Mar 14th, 2020
"It all depends on the manager and the group you are working among. In some areas, you will be supported and can succeed. But not in others. If you land in an area where the culture is not positive - jump quickly into a new role. Don't wait for things to change - because that may not happen. "
Anonymous shared this review of Bank of America, United States on Feb 25th, 2020
"The culture in the analytics group is extremely toxic. Avoid."
Anonymous shared this review of Bank of America, United States on Dec 5th, 2019
"Flexibility is strongly valued, and supported by HR. The Company works hard to keep working parents in role (excellent and equal maternity/paternity benefits). Overall the management hierarchy is pretty equal between men and women, and they take diversity and inclusion very seriously, calling out their strengths and weaknesses in equal parts. I am exceptionally satisfied with my experience as a woman and working parent here."
Anonymous shared this review of Bank of America, United States on Nov 6th, 2019
"I was the only woman in my dev team. The tech is also old."
Anonymous shared this review of Bank of America, United States on Nov 1st, 2019
"Although more women are in leadership positions, there continues to be a "bro" culture. "
Anonymous shared this review of Bank of America, United States on Oct 29th, 2019
"For a company that has a workforce that's 200k+ strong, they're putting in work at a micro and macro level to drive D&I efforts. The CEO and exec leader team are highly visible when speaking out in support of diversity and the power it brings to a company."
Anonymous shared this review of Bank of America, United States on Oct 21st, 2019
"If you are in the wealth management or private wealth management divisions, you will find a good old boys club. Many of the biggest producers are men, who will hire an older woman with lots of experience and pay them the same as a younger guy just out of college - there is no accounting for extra experience. The old adage of "women are paid for results and men are paid for potential" applies here 150%."
"Most senior managers in my department were men. I have seen women stay in the same position for years not being promoted until they leave to another company."
"You can advance and benefits are awesome for single and other working women. Tech seems to be most in favor as anywhere but also Sales. Men have same paternity leave as women."
Anonymous shared this review of Bank of America, United States on Aug 2nd, 2019
"good place to grow and develop. Also good mentors and peer groups"
Anonymous shared this review of Bank of America, United States on Jul 10th, 2019
"Don't. Despite being an 'Exceeds' rating performer every single year, I had to interview for jobs after both of my maternity leaves since managers are constantly changing. No 360 review process in my division, so everyone manages up. Terrible work/life balance - was recently told I needed to be available 24/7, including weekends and vacation time in order to continue to progress in my career. Great benefits and hard to get fired - many have been here a long time and suffer simply because they can do the bare minimum so others have to pick up the slack. There are better places to work, but great if you have given up and need a paycheck."
Anonymous shared this review of Bank of America, United States on Jul 3rd, 2019
"Don't. There are better options out their for women, where your hard work will be more appreciated and better compensated"
Anonymous shared this review of Bank of America, United States on Jun 5th, 2019
"Understaffed. Stressful environment, but the people you work with care"
Anonymous shared this review of Bank of America on Mar 13th, 2019
"I worked in the Investment Banking division as a junior woman so my experience may not be the same as other women at the company, but given that it's such a large corporation and very bureaucratic (and run mostly by white males), the company is representative of all the reasons why there are few women in senior roles at large American corporations."
Anonymous shared this review of Bank of America on Feb 7th, 2019
"I have been treated equally and fairly at this company over the 35 years that I have worked here. When I have had to speak up for myself I have found that leadership has listened without bias."
Anonymous shared this review of Bank of America on Jan 21st, 2019
"Communicate. Try to end up with a manager who is sympathetic and who has kids. "
Anonymous shared this review of Bank of America on Jan 4th, 2019
"No your net worth prior to accepting any job offers."
Anonymous shared this review of Bank of America on Nov 16th, 2018
"I feel like I add value and that I am valued!"
Anonymous shared this review of Bank of America on Nov 7th, 2018
"Bank of America has a very flexible culture. They encourage working from home and accommodate working mothers with children."
Anonymous shared this review of Bank of America on Oct 28th, 2018
"Good place to work if you get into the right department and get supportive mangers to help you."
Anonymous shared this review of Bank of America on Oct 19th, 2018
"Dependent upon the boss, you may have a great work/life balance or you may not. Not consistent in work distribution."
Anonymous shared this review of Bank of America on Oct 15th, 2018
"Male dominated industry where its hard to move up in ranks. They have enterprise-wide programs for diversity and inclusion but it is all team/ manager dependent."
Anonymous shared this review of Bank of America on Oct 1st, 2018
"Issues of gender equality seem to be more pervasive at the company given the current social trends. "
Anonymous shared this review of Bank of America on Sep 19th, 2018
"Negotiate up front and hold to what you advocated for from the beginnning. "
Anonymous shared this review of Bank of America on Jul 16th, 2018
"Great bridge, but unless you reside in Charlotte or make money for the company via sales, you will stay stagnant for a really long time. If you are not looking to move up, then it is not so bad, if you can 1) tolerate pay inequity; 2) a total boys club; 3) looking for a job vs. career. Medical Benefits stink "
Anonymous shared this review of Bank of America on Jul 6th, 2018
"need to work extremely hard and brag lot to shine"
Anonymous shared this review of Bank of America on Jul 1st, 2018
"It’s better than any other bank. They are addressing all issues and have resolved most."
Anonymous shared this review of Bank of America on May 23rd, 2018
"Difficult working culture, seemed like diversity and inclusion was only important at the junior level"
Anonymous shared this review of Bank of America on May 14th, 2018
"Bank of America has a wonderful maternity leave of 4 months and a great work life balance for client associates. For a client associate the regular work week is 37.5 hours and they encourage employees not to work more than that per week to promote work life balance. The starting PTO for a client associate is 3 weeks off and you can also trade compensation for additional time off in addition to the typical 3 weeks off."
Anonymous shared this review of Bank of America on Mar 14th, 2018
"Bank of America is a good place to work and I've enjoyed working here."
Anonymous shared this review of Bank of America on Mar 7th, 2018
"Terrific company with great opportunities for women. CEO and leadership teams are committed to diversity. Generous benefits & family leave policies. Less flexibile with remote work arrangements. Highly recommend this employer. "
Anonymous shared this review of Bank of America on Feb 27th, 2018
"Power of 10 women’s networking groups are a fantastic way to network and mentor "
Anonymous shared this review of Bank of America on Feb 26th, 2018
"Excellent benefits and parental leave. Supportive of paid time off and personal days. Supportive of community and volunteer initiatives."
Anonymous shared this review of Bank of America on Feb 24th, 2018
"Pay raise increases are nominal. Get the money you want when you accept the offer. "
Anonymous shared this review of Bank of America on Feb 2nd, 2018
"For the most part, the Bank provides excellent work-life balance and open flexibility policies."
Anonymous shared this review of Bank of America on Jan 22nd, 2018
"Be prepared to play the old school boys game and maybe get lucky with some supportive female colleagues."
Anonymous shared this review of Bank of America on Jan 17th, 2018
"On paper BAC supports working women but not in reality; especially in middle level management"
Anonymous shared this review of Bank of America on Dec 29th, 2017
"Keep an hourly job to maintain sanity and work life balance."
Anonymous shared this review of Bank of America on Dec 22nd, 2017
"Beware. Awful place for women. They just put a few marketing dollars to places like this site to try to pretend otherwise. "
Anonymous shared this review of Bank of America on Dec 6th, 2017
"Stand your ground from the get go. Learn to say no "
Anonymous shared this review of Bank of America on Nov 6th, 2017
"When you have the leadership at the top of the organization that we do, and so many strong female leaders and allies, there is quite a bit of support and advocacy throughout the organization. "
"I think experience is dependent on who your manager is and what area of the company you are in."
"Opportunity for advancement and education. Very good benefits and flexible work schedule for associates in sales roles"
Anonymous shared this review of Bank of America on Sep 29th, 2017
"The benefits are great for women to include a generous maternity leave, however, there is very little flexibility once you are back to work, depending on your department."
Anonymous shared this review of Bank of America on Sep 28th, 2017
"Good benefits, but it's hard to call in sick. Probably would be harder to call in for a personal day or any time off. "
Anonymous shared this review of Bank of America on Sep 26th, 2017
"Be prepared for layoffs. All departments are affected.. seniority is never taken into consideration."
Anonymous shared this review of Bank of America on Sep 6th, 2017
"There are some associates and managers who at overlay competitive and take advantage of their position to negatively review good work by employees."
Anonymous shared this review of Bank of America on Aug 30th, 2017
"If you can work your charm and are at good a being a diplomat and is looking to only have work for money and not for passion then this is the place for you."
Anonymous shared this review of Bank of America on Jul 23rd, 2017
"Good salaries and great benefits are available for project related roles."
Anonymous shared this review of Bank of America on Jul 9th, 2017
"It seems to me that working at BoA is no different for men or women."
Anonymous shared this review of Bank of America on Jun 14th, 2017
"Great place to work, maternity benefit starts after a year of working there. "
Anonymous shared this review of Bank of America on Apr 5th, 2017
"Generally speaking, Bank of America is a great place to work. I think there is a desire from the very top management to treat men and women equally. I think it's enforced differently in different departments, so the micro-climate is very important of any particular division."
Anonymous shared this review of Bank of America on Mar 21st, 2017
"Good, if you want an easy job and want to spend more time with kids."
Anonymous shared this review of Bank of America on Jan 9th, 2017
"Great maternity leave policy (16 weeks) and very competitive benefits "
Anonymous shared this review of Bank of America on Jan 5th, 2017
"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. "
Anonymous shared this review of Bank of America on Dec 9th, 2016
"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"
Anonymous shared this review of Bank of America on Oct 26th, 2016
"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."
Anonymous shared this review of Bank of America on Jun 23rd, 2016
"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."
"Flexiblity dependand on group and manager. Culture is still plagued by concerns of "when is the next round of layoffs"."
"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."
Anonymous shared this review of Bank of America on May 12th, 2016
"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."
Anonymous shared this review of Bank of America on May 8th, 2016
"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."
Anonymous shared this review of Bank of America on May 4th, 2016
"I worked at the Company early in my career so the best aspects about working at the company include: - career development opportunities - career advancement opportunities - good colleagues - good HR - good salary and benefits"
Anonymous shared this review of Bank of America on Apr 1st, 2016
"The only reason I work for this company is for the medical insurance. "
Anonymous shared this review of Bank of America on Mar 31st, 2016
"Communicating with your immediate supervisor about your needs for your work/family life is key. "
Anonymous shared this review of Bank of America on Mar 30th, 2016
"Just like any other bank."
"Corporate culture is tough...men and women. Seems easier for men to take paternity leave and come back than women."
"Great place, great benefits, highly recommend"
"Amazing company to work for!! They truely care about their employees. I am a woman manager and my fcm is a woman they hire based on qualifications not gender."
"Women hold several mid level positions but there is definitely a glass ceiling. Also you will find your counterparts are paid substantially more than women."
"U need to b able to function under high stress"
"The typical big corporation company. They say that there is a balance between life and work but that is easier said than done. You are made to feel guilty whether you are a woman or a man if you have to take time off that is absolutely necessary. Some men have been promoted within the company by skipping steps where I have seen and been a part of promotions where extensive interviews and testing are required. I have never witnessed a woman being promoted by skipping steps. I have witnessed perfectly trained and more than capable woman passed by for promotions and people outside the company have been hired who have no banking experience. Yes it is nice to have holidays off with your kids but really it's not worth all the headaches and how unappreciated you feel at the end of everyday."
"Its a good company and you can move up or around but not so stable long term job wise. Laid off after 18 years."
"Women are treated unfairly compared to men, it is blatantly clear and there's no one to go to about it. Everyone turns a blind eye. Women work 10 times harder and do not receive the recognition or reward for their hard work. Men get paid and promoted faster than women"
"Even though some of the top Tech Execs are women, Technology & Operations is predominantly a male organization. Middle managers are judged on their ability to deliver on time and on budget, not on their commitment to diversity. Therefore, they rely on the "old boys" network to get a "body" into an open position as fast as possible. My team has over 25 Senior VP's, and only 1 of those is female. Women who advance to Exec levels appear to have made the choice to dedicate themselves to a career (I heard someone refer to an Exec by saying, "Bank of America is her religion") as opposed to women lower in the Org who appear to attempt a balance of work and family."
"Face time and immense politics - typical of a Bank but unusually so."
"There are corporate policies and initiatives focused on developing women and supporting balanced life for employees."
"I've worked here for 10+ years. There are a lot of successful women who work in my area - including myself to a certain extent. However, there is a ceiling...and only those women with strong male sponsors break thru the ceiling. Cute, young, sassy women have no problem establishing that strong sponsorship but one little misstep seems to be detrimental. Re-orgs are fast and furious - you can be on top of your game one week and the next week you'll be reporting to a peer. I call it the 6-month humiliation factor....about every 6-months your situation will change and you have to suffer the humiliation of some sort of setback. Lay-offs are fast and furious too. A favorite co-worker will be working on your project one day and the next day they just disappear. No one talks about people disappearing. There is a constant fear of being laid off - and it causes this dynamic, I call it the 'looky-looky' dynamic. This is where everyone is walking all over everyone else to prove their worth. "looky-looky what I did - I'm better than Joey and Janey". Introverts have a hard time here. You have to play into the "looky-looky" or you just aren't noticed. Hard work, good work don't mean much - it's all about the politics. So why do I stay? Benefits and flexibility. But that is changing. Bank is eliminating the flexible My Work program and calling everyone back into the office (but there is no real estate or parking available...but that doesn't seem to matter). Bank is also following every other large corporation in scaling back on benefits. 4 weeks of vacation plus 10 bank holidays and 10 'sick' days is still wonderful....I look for it to go away soon too!"
"There are more women then men working for Bank of America"
"1) Consistent and ongoing re-organizations cause a great deal of stress. You do not know from day to day if you will have a job, if your career plans will be thwarted, or if you will be re-assigned to a position that is not a fit. 2) While BAC executive leadership readily and continually re-org and re-assign employees to new roles, it has become very difficult to seek out and secure new opportunities via your own efforts. Many of the candidates that have filled positions were preselected even before the role was posted. Job postings have become nothing more than legal CYA. 3) I have worked for BAC for 17 years. When I first started we were referred to as "colleagues". That changed to "associates" around 2005. It changed to "employees" in 2012. This very deliberate and calculated change speaks volumes about the current culture and is experienced in how we "employees" are regarded/treated."
"Management is male dominated. You'll find women at the Exec level, but overall, women make up a majority of the support roles. Maternity leave is generous. However, there is an underlying current of fear when considering time off. They are doing away with being able to work from home. Calling everyone back to the cube farms without monetary compensation. Raises have not occurred in years."
"Negotiate best you can when you get hired because raises barely exist even if you are a top performer and don't keep up with cost of living. I want to believe men and women are treated fairly we have women in senior roles but next levels down seem more like boys clubs when promotions come around. Bonus are usually flat to year prior at best, while they tell you they are on performance I haven't seen it."
"Don't expect to get promoted to any sort of management role in technology. It is 90% male dominated. They talk a lot about diversity and inclusion, but fail to put women in leadership. Paid maternity leave is new and offers up to 12 weeks - which would have been nice when I had my child 7 years ago. I had to take FMLA leave (unpaid) and am still resentful about having to go back to work so soon, but at least I still had my job when I got back. My managers are great, but they have very little control over promotions and pay raises."
"Since I needed maternity leave, it has increased to 12 Paid Weeks for mother AND father. I've been gone a couple years, but when I left flexible work arrangements were an option depending on your job role. I was able to work remotely which allowed me to have a babysitter within minutes of my home instead of a significant daily commute. The vacation/holiday/sick leave was some of the best I've come across as well. Of course depending on your direct manager, you may come across someone who is less progressive than the company intends, but for the most part I had a wonderful experience there."
"The money isn't worth it, even for a short period of time. Keep looking and get experience at a place that treats you like a human being. It felt and smelled like a corporate level sweatshop. Imagine yourself in a dark windowless room for 9 hours a day, just looking at a computer screen, hoping you're doing the right thing, because there's little to no transparency or direction on projects. You start working on a project, feel like you're getting traction, only to have some Exec pull the rug out from underneath you, so you switch direction and go 100mph at something else instead, and even then you might not be doing the right thing. Not sure? Don't worry your project manager will let you know in front of everyone tomorrow at your morning standup. 1) Boys Club Culture - even the women "played the game" in order to get ahead. It was really sad. No real support from any women in power positions. 2) Visa workers really hurt the work culture because they are just happy to have a job in America, they put up with anything. The visa workers would come in ridiculously early, work late, work weekends unpaid, work in inhumane conditions, get shouted down by managers and still come back with a smile on their face. 3) Zero on-boarding or training to get you oriented, they just throw you in and you have to figure it out. 5) Lack of management support or guidance - you only saw them when things were going wrong. 6) Maternity leave is a bait and switch - they tease you with 3 months paid leave, you have to wait a full working year to even qualify for it, if you're not laid off when they re-do budgets every year."
"Selling is all they are interested in. No matter what roll you have with them. All they care about is the sale!!"
"I expected it to be temporary and I continue to think that way."
"If I think back to before my first day, the interview process, I would tell myself to run for the hills and not take the job. The interview process lasted three months with seven different interviews and the final interview being a panel of three advisors and then finally a one on one with the director of the complex. The whole time they try to convince you to not take the job, and the director flat out told me I was a toss up because of my GPA. Looking back my gut was trying to tell me this was not the right decision. Fast forward five months into the job, I had all of my required licenses (series 7, series 66, life and health insurance). I was feeling ready to start my financial advising practice just like my father had at my age thirty years ago. I was lucky I had him to mentor me through the confusing times, and I was also lucky to have a mentor on my team who saw my potential and was the most encouraging person I have ever met. He was a man. In my experience everything went sour when my male mentor left our team of 10 taking 7 of the teammates to start his own firm. I couldn't hate him for this. I was actually really happy for him and didn't blame him for not taking me. I was not producing any business yet. What happened next ultimately led to my resignation. I was untrained, and told/expected to cold call from 8:00a-7:00p everyday or do whatever I need to do to get business through the door. What they don't tell you at BofA/ML, is that you make your own cold calling lists, you have to learn SalesForce on your own, and then see if you'll sink or swim. Most young advisors catch breaks early on from their family's, however I did not have this advantage. I ended up going on an all male team (there was only one all female team in the complex who did not take on young advisors). Lucky enough for me I heard my new "mentor" say that "young advisors are the best, because they do all the grunt work, never make their quotas because they're set too high by the corporation, and 'we' (the mentors) get 1/2 for not doing anything. Finally when they (young advisor) leaves, we get all the business they brought in." It was a reality check for me. This mentor told Merrill Lynch management that he was going to help grow talent and train young advisors but at the end of the day he only cared about himself. This business is a tough gig. Know what you are getting yourself into. Also, for women, know that most of the women in the office are Client Associates or Secretaries. The women I knew who were Financial Advisors were either anxious and miserable, divorced a few times, or never married. The job took over their lives, they never made it to their kids events, and because it is a male dominated industry, their male counterparts never fully understood these women's roles as mothers. After a few months of realizing what I had gotten myself into, and what I did not want to become, I got myself out. The only way I would ever go back to financial advising, which I enjoyed, is if I joined a small private firm that wasn't as behind the times as ML is. The positives: If you can make it, you can make A LOT of money. Also, Merrill Lynch Global Research is some of the best in the business which is great for their clients. Major con: management has the backs of the high producing financial advisors. Don't expect things to be "fair"."
"The emotional and physical harassment is not worth it"
"watch your back and if you are over 40 forget about getting promoted."
"There is absolutely not relevant training. You are expected to know quite a bit, being in the industry for years I did know a lot, however the training is atrocious and not user friendly at all. There needs to be an HR program devoted to primarily training offsite so you get the feel of exactly what you're supposed to know i.e how you are supposed to product results also. I was however, involved in a bank robbery, and the leave of absence HR division was super accommodating, but the internal upper management played several political games with me."
"Its good if you have knowledge"
"Be very aware of the tendency for bullying from supervisors. I was top performer in the branch from the first month, for over two years until I left because they denied me FMLA to take care of my mother for two weeks after she had surgery. My TOS took a hate to me because she had favorites (19 and 20 year olds) that she let break every rule in the book, but because I followed the rules I made them look bad. My assistant manager enjoyed tantrums to humiliate staff infront of customers and this was all ignored by the branch manager and no response from HR. In all, a horrible, horrible company to work for."
"I worked here for 14 years and benefits were great. I even had vacation and holidays paid for working part time. They sold our department to another company. The benefits from the other company was worst."
"This used to be a great place to work but has had a lot of changes that have proved to be negative for both the customers and employees. Change is only good when it provides improvement."