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Bank of America

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Bank of America

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Bank of America FAQ

Have questions about working at Bank of America? Read answers to frequently asked questions to help you make a choice before applying to a job or accepting a job offer.

Whether it's about compensation and benefits, culture and diversity, or you're curious to know more about the work environment, find out from employees what it's like to work at Bank of America.

All answers shown come directly from Bank of America Reviews and are not edited or altered.

78 English questions out of 78

8 October 2021

Does Bank of America offer massages?

Pros

Vibrant work environment with nice people. Casual dress code and free coffee.

Cons

Employees don't get free lunch, only management. Parking is difficult to find.

Casual dress code and free coffee.

8 October 2021

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27 October 2021

Does Bank of America offer dental insurance?

Pros

Great benefits, health, dental, vision tuition reimbursement, 16 weeks of maternity/ paternity leave, sick days and ample vacation time varies with band level. BofA is well-known brand, established brand (versus a start-up). Several affinity/employee resource groups to get involved with. Finally replaced outdated leaders with new more promising leaders. Commitment to raise minimum pay to $21.

Cons

Confusing, job descriptions. Middle management needs a complete overhaul and is filled with poor managers and their proteges that act and think the same way. Touts awards for "Diversity" yet company lacks ethnic and cultural diversity in Senior and Middle Management. Culture supports favoritism and mostly white men in executive roles and middle management. "You remind me of myself when I was younger" culture .....results in less hiring/promotion of People of Color and more hiring/promotion/mentorship of white men and women regardless of their background or experience. Zero transparency around the promotion process. External hires with no experience are paid more than "tenured" employees with direct experience. Company refuses to disclose pay/promotion/hiring stats to public. Public commitments made to address external social issues, but no changes are being made to address internal inequities in hiring, promotion and professional development.

Advice to Management

Overhaul and clean-up middle management, especially in product development units, marketing/communications and sales. Diversity extends beyond supporting women but also includes hiring and developing ethnic and culturally diverse employees. Make space for people who don't look and act like you to contribute in more meaningful and influential roles. The Pandemic and "Great Resignation" have reinforced the fact that most employees leave companies because of bad managers.

Great benefits, health, dental, vision tuition reimbursement, 16 weeks of maternity/ paternity leave, sick days and ample vacation time varies with band level.

27 October 2021

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25 November 2022

Does Bank of America have a pension plan?

Pros

Good pay, pension and benefits

Cons

Middle management are not competent with constant strategy changes being made and poor people management. The company could do with a good clean out of the dead wood.

Advice to Management

Stop with the personal agendas and put together a proper business strategy.

Good pay, pension and benefits

25 November 2022

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20 August 2021

Does Bank of America offer a wellness program?

Pros

They have great benefits and programs for associates and a wonderful opportunity for financial growth.

Cons

They change tools and software around a lot and go through a lot of "reorgnaizations", which can at times make it difficult to build relationships and become proficient with certain tools.

They have great benefits and programs for associates and a wonderful opportunity for financial growth.

20 August 2021

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10 January 2021

Does Bank of America offer life insurance?

Pros

Great benefits, including both generous maternity and paternity leave, healthcare, life insurance, etc.

Cons

Toxic corporate atmosphere that pushes its people beyond the brink of exhaustion.

Advice to Management

Care more about your people

Great benefits, including both generous maternity and paternity leave, healthcare, life insurance, etc.

10 January 2021

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78 English questions out of 78

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