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Women's Ratings
  • Top rated company 2016
3.2
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At Bank of America, we’re creating real, meaningful relationships with individuals, businesses and communities to help them focus on what matters most. Every day, we connect with 57 million customers, using our skills and expertise to help make their lives better.

We are committed to attracting and retaining top talent around the world to ensure we continue to deliver together for our customers, clients and communities. Along with taking care of our customers, we want to be a great place for people to work, and we strive to create an environment where all employees have the opportunity to achieve their goals.

Select the following link to learn more about our Financial Advisor Program https://www.ml.com/merrill-lynch-careers.html
Highlights from Bank of America Corporation
  • Bank of America Corporation Beth Terry

    Meet a Fairygodboss at Bank of America Corporation

    • Name

      Beth Terry

    • Position

      Vice President, Wealth Management Advisor at Merrill Lynch Wealth Management

      Baltimore, MD

    Beth Terry never thought she’d want to have a career as a financial advisor. After working for financial advisors for several years, she simply couldn’t imagine herself in their position.

    She recalls that early in her career, “there were very few women in the role, and the women who were in the role were much older than I was. I didn’t think anyone would want to work with me as I was only in my mid-20s and didn’t have many years of experience.”

    Today, she’s a Vice President and Wealth Management Advisor at Merrill Lynch Wealth Management. What changed her mind?

    When Terry was interviewing with a Bank of America/Merrill Lynch financial advisor, he encouraged her to pursue the company’s Practice Management Development [PMD] program. “[This] path had initially intimidated me, [but] I then interviewed with my now boss and he convinced me to at least try PMD because he thought I could be successful. It was the first time that I felt that someone believed in me enough to give me the confidence to step out of my comfort zone,” Terry says, adding that she’s very grateful that she was encouraged to pursue the program.

    "My favorite aspect of the program is that you have the flexibility to build your business in the way that best suits your passions," Terry says. "I always had a strong desire to help others, so I was able to build my business by helping individuals and families manage their wealth."

  • Bank of America Corporation Rees Mason

    Meet a Fairygodboss at Bank of America Corporation

    • Name

      Rees Mason

    • Position

      Financial Advisor

      Chicago, IL

    Rees Mason, a Merrill Lynch Financial Advisor who began working at the company as a client associate, says she pursued the Financial Advisor Development Program because she knew it was one of the best training programs in the industry. She admits she was hesitant to apply; “I knew the program was a fairly short time frame to build a substantial book of business,” she explains. But she says the experience was invaluable — and advises anyone considering it to go for it. “My advice would be if you are self-motivated and a hard worker, you should take the leap.  It is one of the most rewarding careers in the world.”

    Mason also commented on feeling well-supported by management throughout her career at Bank of America/Merrill Lynch — and now, having graduated from the program, she values that her employer trusts her to dictate her own priorities and schedule. “I now have autonomy to structure my schedule as I see fit, which is very helpful with two young children,” she says. “The program gave me useful tools and strategies to acquire new clients and continue building my business. I love being in control of my income.”

    Mason understands that working in a male-dominated field might seem daunting — but actually views it as a particularly valuable opportunity: “There is a great need for women Financial Advisors in wealth management,” she says. “Women continue to control more and more wealth in our country and they are underrepresented in their options for Financial Advisors. There are a lot of opportunities working in a male-dominated field.”

  • Bank of America Corporation Jenny Baxter

    Meet a Fairygodboss at Bank of America Corporation

    • Name

      Jenny Baxter

    • Position

      Vice President

      Jacksonville, Florida

    Jenny Baxter was not the most likely of candidates to join the Bank of America team when she began working here in 2006. She had been in the medical sales field for more than eight years and didn’t have any banking or mortgage experience, but was looking to make a change.  Jenny’s goal was to work for a company that would afford her opportunities for professional development and career advancement — and when she began exploring opportunities at Bank of America, she knew she’d found an employer that would offer her just that. 

    Jenny attended a job expo where she met with representatives from various Bank of America departments, and she interviewed right on the spot. A few days later, Jenny received an offer for a Bilingual Customer Service role in a Mortgage Contact Center. While Jenny admits that initially she was a bit hesitant, the Bank of America recruiter reassured her that the classroom and on-the-job training would help her hone the skills she’d need to succeed in the role.

    Since joining the company 12 years ago, Jenny has continued taking advantage of opportunities to grow and expand her career. In addition to participating in Bank of America’s On-the-Job Training Coaching Program, Jenny has taken advantage of the Team Manager Certification Program, the Future Leader Program and, most recently, the Women’s Next Level Leadership Program. These programs — which provide education, experience, exposure, networking, mentoring, job shadowing, and many other leadership skills — are designed to offer associates support as they prepare for various role expansion opportunities. Participating in these various programs helped Jenny gain the experience she needed to become a better manager and, more importantly, a well-rounded leader. 

    Jenny says that throughout her career, she’s also been supported by leaders who have encouraged her to take on projects that ultimately prepared her for various career moves and promotions. Jenny has now been able to pay it forward by mentoring others and introducing them to various online development tools and programs to fast-track their careers.

    In 2015, Jenny was given a promotional opportunity. With the support of her leadership team and her family, Jenny relocated to Jacksonville, Florida, where she now works as a vice president and manages a contact center for first and second mortgages and home equity lines of credit. She also participates in various employee networks and community volunteer events.

    While Jenny may not have expected that a career in banking would be the right move for her, she’s never looked back since joining the Bank of America team.

What Women Should Know about Working At Bank of America Corporation
Being a diverse and inclusive company is essential to our ability to drive responsible growth and serve our clients, communities and each other. That’s why we continue to invest every day in helping women make meaningful contributions within our company and in our communities. This includes bringing talented women to our company, developing our female employees and supporting the economic empowerment of women around the world.

Gender diversity statistics

    • Women in workforce
    • 55%
    • Women holding senior management
    • 33%
    • Women directors on board
    • 31%

Programs, initiatives, groups

    • Additional information
    • Bank of America’s Employee Networks are bank-supported groups made up of employees who share a common dimension of diversity, along with others who support them. Our Employee Networks form around race, ethnicity, gender, sexual orientation, disability, age, parental status and veteran status. In 2012, through Employee Networks around the world, more than 60,000 employees connected and participated in networking opportunities, mentoring programs, information forums and various volunteer events. Many members also served in leadership roles and led initiatives for recruiting, client development and community partnerships.

Flexible working

    • Flexible working policies
    • Flexible Work Arrangements
      You may be able to take advantage of a work arrangement that gives you flexibility in balancing your life and work schedules. Flexible work arrangements are mutually agreed upon by a manager and an employee.
    • Remote working
    • Yes
    • Part-time working
    • Yes
    • Percentage of your workforce that takes advantage of flexible working
    • 39%

Parental Leave

    • Overview: Parental leave policies
    • After working one year for Bank of America, employees can take up to 16 weeks of paid maternity, paternity and adoption leave. Our parental leave gives employees the flexibility to take time when it works for their family, within 12 months after a new child arrives.
    • Paid maternity leave
    • Yes, 16 weeks
    • Paid paternity leave
    • Yes, 16 weeks
    • Adoptive paid leave
    • Yes, 16 weeks

Care-taking benefits

    • Back-up childcare
    • Yes
    • Childcare subsidies
    • Yes

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