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Women's Job Satisfaction (5=very satisfied)
Review User Image

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
  • Are Women and Men Treated Equally?

    Yes

  • Took Maternity Leave Here? (Weeks)

    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.

  • One Thing Employer Could Improve

    Improve my compensation

  • Recommend to Women?

    Maybe. 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.

Review User Image

Vice President

Operations

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
  • Recent Salary

    $100k-$150k

  • Recent Bonus

    $10k-$20k

  • Are Women and Men Treated Equally?

    Not for Pay, Promotion

  • Took Maternity Leave Here? (Weeks)

    16 paid / unpaid

    Recently increased leave from 12-14 weeks

  • One Thing Employer Could Improve

    Improve my compensation

  • Recommend to Women?

    Maybe. 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

Review User Image

Vice President (VP)

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
  • Recent Salary

    $100k-$150k

  • Recent Bonus

    $20k-$50k

  • Are Women and Men Treated Equally?

    Not for Pay, Promotion, Evaluation and Reviews

  • Took Maternity Leave Here? (Weeks)

    16 paid / 8 unpaid

  • One Thing Employer Could Improve

    Improve my compensation

  • Recommend to Women?

    Maybe. depends on the department, position and career goals

Review User Image

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
  • Recent Salary

    $100k-$150k

  • Recent Bonus

    $20k-$50k

  • Are Women and Men Treated Equally?

    Not for Pay, Promotion

  • Took Maternity Leave Here? (Weeks)

    None taken

    This was recently increased to 16 weeks.

  • Work-Life Friendly Attributes:

    Hours

  • One Thing Employer Could Improve

    Improve my compensation

  • Recommend to Women?

    Maybe. With any large organization, I think the culture can change dramatically across teams and largely is dependent on your manager and executive team.

Review User Image

January 1970

Job Satisfaction Level

3.0
  • Are Women and Men Treated Equally?

    Not for Pay, Promotion

  • Took Maternity Leave Here? (Weeks)

    None taken

  • One Thing Employer Could Improve

    Improve my compensation

  • Recommend to Women?

    Maybe. depends on the opportunity and the pay

Review User Image

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
  • Recent Salary

    >$150k

  • Recent Bonus

    $50k-$100k

  • Are Women and Men Treated Equally?

    Yes

  • Took Maternity Leave Here? (Weeks)

    None taken

  • One Thing Employer Could Improve

    Improve my compensation

  • Recommend to Women?

    Yes

Review User Image

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
  • Recent Salary

    $80k-$100k

  • Recent Bonus

    $0-$10k

  • Are Women and Men Treated Equally?

    Yes

  • Took Maternity Leave Here? (Weeks)

    None taken

  • Work-Life Friendly Attributes:

    Hours, Culture, Policies

  • One Thing Employer Could Improve

    Improve work-life balance and policies (e.g. flex-time, limit facetime)

  • Recommend to Women?

    Maybe. Bank of America Merrill Lynch is such a large employer, experiences for women may vary wildly among different departments in the company.

Review User Image

Portfolio Management Officer

Global Commercial Banking

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
  • Recent Salary

    $50k-$80k

  • Recent Bonus

    $0-$10k

  • Are Women and Men Treated Equally?

    Yes

  • Took Maternity Leave Here? (Weeks)

    None taken

    Bank of America has a fairly generous maternity leave policy.

  • Work-Life Friendly Attributes:

    Hours, Culture, Policies

  • One Thing Employer Could Improve

    Improve my compensation

  • Recommend to Women?

    Yes

Review User Image

Financial Advisor

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
  • Recent Salary

    $25k-$50k

  • Recent Bonus

    $0-$10k

  • Are Women and Men Treated Equally?

    Not for Pay, Promotion, Hiring, Evaluation and Reviews

  • Took Maternity Leave Here? (Weeks)

    None taken

  • Work-Life Friendly Attributes:

    Hours

  • One Thing Employer Could Improve

    Improve my compensation

  • Recommend to Women?

    No

Review User Image

January 1970

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

Job Satisfaction Level

4.0
  • Recent Salary

    $50k-$80k

  • Recent Bonus

    Not eligible for bonus

  • Are Women and Men Treated Equally?

    Yes

  • Took Maternity Leave Here? (Weeks)

    None taken

  • One Thing Employer Could Improve

    I was an Equity Research Associate within the Bank's investment banking division in 2004. The job itself was great, the compensation was fair, and the corporate office location was in a beautiful high rise overlooking mid-town Manhattan and Central Park. The hours could be long during corporate earnings season but overall, the work-life balance was decent given the nature of the job and its association with the capital markets. While I had personal challenges with my direct boss, my colleagues and other Bank staff were very congenial and helpful. Overall, I'd recommend the Company as a great place for career development and advancement within financial services.

  • Recommend to Women?

    Yes

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