Bank of America Corporation

https://www.bankofamerica.com/
Women's Ratings
  • Top rated company 2016
3.2
Women's Job Satisfaction (5=very satisfied)
Review User Image

Lady anon419

Relationship Banker

January 1970

Selling is all they are interested in. No matter what roll you have with them. All they care about is the sale!!

Job Satisfaction Level

4.0
  • Recent Salary

    $25k-$50k

  • Recent Bonus

    $0-$10k

  • Typical Hours (per day)

    More than 12 hours

  • Are Women and Men Treated Equally?

    No

  • Took Maternity Leave Here? (Weeks)

    None taken

  • One Thing Employer Could Improve

  • Recommend to Women?

    No

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Lady silverline

Personal Banker

Retail

January 1970

I expected it to be temporary and I continue to think that way.

Job Satisfaction Level

2.0
  • Recent Salary

    $25k-$50k

  • Recent Bonus

    $0-$10k

  • Typical Hours (per day)

    8 hours

  • Are Women and Men Treated Equally?

    No

  • Took Maternity Leave Here? (Weeks)

    None taken

  • One Thing Employer Could Improve

  • Recommend to Women?

    Maybe. Good place to start in banking but no leadership or encouragement with job growth. The training is minimal and you are graded on what you can learn on your own.

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Lady Jade

Teller

January 1970

The emotional and physical harassment is not worth it

Job Satisfaction Level

1.0
  • Recent Salary

    $0-$25k

  • Recent Bonus

    $0-$10k

  • Typical Hours (per day)

    7 hours or fewer

  • Are Women and Men Treated Equally?

    No

  • Took Maternity Leave Here? (Weeks)

    None taken

  • One Thing Employer Could Improve

  • Recommend to Women?

    No

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Lady Luck

Merrill Lynch Financial Advisor

Sales

January 1970

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".

Job Satisfaction Level

1.0
  • Recent Salary

    $25k-$50k

  • Recent Bonus

    $10k-$20k

  • Typical Hours (per day)

    10 hours

  • Are Women and Men Treated Equally?

    No

  • Took Maternity Leave Here? (Weeks)

    None taken

  • One Thing Employer Could Improve

  • Recommend to Women?

    Maybe. If your father or mother is an advisor that works here and plans to retire soon, then take the job.

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Lady June

Fraud anyalist

Fraud

January 1970

watch your back and if you are over 40 forget about getting promoted.

Job Satisfaction Level

4.0
  • Recent Salary

    $25k-$50k

  • Recent Bonus

    $0-$10k

  • Typical Hours (per day)

    8 hours

  • Are Women and Men Treated Equally?

    No

  • Took Maternity Leave Here? (Weeks)

    None taken

  • One Thing Employer Could Improve

  • Recommend to Women?

    No

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Lady Raji

Analyst I Apps prog

IT

January 1970

Its good if you have knowledge

Job Satisfaction Level

5.0
  • Recent Salary

    $50k-$80k

  • Recent Bonus

    $0-$10k

  • Typical Hours (per day)

    8 hours

  • Are Women and Men Treated Equally?

    No

  • Took Maternity Leave Here? (Weeks)

    None taken

  • One Thing Employer Could Improve

  • Recommend to Women?

    Yes

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Lady GIgirlie112

January 1970

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.

Job Satisfaction Level

3.0
  • Recent Salary

    $25k-$50k

  • Recent Bonus

    $0-$10k

  • Typical Hours (per day)

    8 hours

  • Are Women and Men Treated Equally?

    No

  • Took Maternity Leave Here? (Weeks)

    None taken

  • One Thing Employer Could Improve

  • Recommend to Women?

    Maybe. Depending on who you have for your direct boss, things could be quite different

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Matt's Girl

Commercial Teller

January 1970

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.

Job Satisfaction Level

1.0
  • Recent Salary

    $0-$25k

  • Recent Bonus

    $0-$10k

  • Typical Hours (per day)

    7 hours or fewer

  • Are Women and Men Treated Equally?

    No

  • Took Maternity Leave Here? (Weeks)

    None taken

  • One Thing Employer Could Improve

  • Recommend to Women?

    No

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Lady Macintosh

January 1970

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.

Job Satisfaction Level

1.0
  • Recent Salary

    $0-$25k

  • Recent Bonus

    $0-$10k

  • Typical Hours (per day)

    8 hours

  • Are Women and Men Treated Equally?

    Yes

  • Took Maternity Leave Here? (Weeks)

    None taken

  • One Thing Employer Could Improve

  • Recommend to Women?

    No

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Lady Kara

Cash Rep.

Cash Operations

January 1970

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.

Job Satisfaction Level

4.0
  • Recent Salary

    $25k-$50k

  • Recent Bonus

    $0-$10k

  • Typical Hours (per day)

    8 hours

  • Are Women and Men Treated Equally?

    Yes

  • Took Maternity Leave Here? (Weeks)

    6 paid / 0 unpaid

  • One Thing Employer Could Improve

  • Recommend to Women?

    Yes

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