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Bank of America Claimed Company
Helping to make financial lives better, through the power of every connection. read more
Bank of America Company Culture
Bank of America Culture
This score is derived from employee ratings & reviews3.6/5
Bank of America's Overall Culture is rated C+
Top Rated Culture Dimensions
CEO Rating
BPerks & Benefits
BCompensation
BEnvironment
BGender
BBank of America CEO
Top 25%Top 25% of Similar Size Companies on Comparably
Brian Moynihan
73 /100
See More
Diversity at Bank of America
Top 50%Top 50% of Similar Size Companies on Comparably
C+
Diverse employees at Bank of America have rated CEO Rating, Team, and Work Culture as the highest categories they have scored
Women at Bank of America
Top 35%Top 35% of Similar Size Companies on Comparably
B
Women at Bank of America have rated Perks And Benefits, Manager, and Team as the highest categories they have scored
Bank of America eNPS
Net Promoter Score tracks your employees' overall score to this question: "On a scale from 0-10, how likely are you to recommend working at your company to a friend?"Top 50%Top 50% of Similar Size Companies on Comparably
Recommend to a Friend?
3
Bank of America employees are 3% more likely to recommend Bank of America as a great place to work
| 39% | Promoters |
|---|---|
| 25% | Passives |
| 36% | Detractors |
Working at Bank of America
Working at Bank of America is rated average by 737 employees, across various culture dimensions. Bank of America employees are most satisfied about CEO Rating, Perks And Benefits, and Compensation categories, putting Bank of America’s culture in the Top 50% compared to similar sized companies on Comparably and in the Top 35% compared to other companies in Hickory, NC. See below in detail how working at Bank of America was rated by employees.
Overall Company Culture at Bank of America
C+
Overall Company Culture at Bank of America is rated C+
Last updated a month ago
Top
50%
Bank of America ranks in the Top 50% of other companies on Comparably with 10,000+ Employees for Overall Company Culture Score
Bank of America Employee Reviews
Out of 1070 Bank of America employee reviews, 71% were positive. The remaining 29% were constructive reviews with the goal of helping Bank of America improve their work culture.
| Positive Reviews | 71% |
|---|---|
| Constructive Feedback | 29% |
Positive Reviews From Bank of America Employees
- What did you like most about the interview process?The interview process was quick and effective. Interviewers were prepared and had a formal process.
- What makes you most happy at work?Opportunities to learn, achieve results, and make a difference.
- What is most positive about the culture and environment at your company?Lots of time and attention to employee development, a lot of resources for up-training, networking, volunteering.
Constructive Feedback From Bank of America Employees
- What do your coworkers need to improve and how could you work together better?Pleasant and easy to talk to but didn't know anything about anything and it showed. Direct result of SLT's attrition layoff's/
- Why do you feel undervalued and what would make you feel better about your compensation?Getting the same opportunities as the “inner crow
- Why do you feel undervalued and what would make you feel better about your compensation?Not a good package for experience.
Bank of America Company Information
Bank of America Company Overview
Bank of America was founded in 1998 and its current CEO is Brian Moynihan. Since its inception 28 years ago, Bank of America has grown to 220000 employees.
Bank of America Mission, Vision & Values
Bank of America Mission & Values
Helping to make financial lives better, through the power of every connection.
Bank of America Vision Statement
Vision is to continue to help theircustomers grow and demonstrate how they can turn opportunities into reality.
Sustainability and Corporate Social Responsibility at Bank of America
Bank of America is committed to improving the environment in how we approach our global business strategy, work with partners, support our employees, make our operations more sustainable, manage issues and govern our activities.
Since 2007, our Environmental Business Initiatives has deployed more than $126 billion in financing to low-carbon and sustainable business activities across the globe. Our multi-year financing commitment focuses on providing capital, along with significant intellectual capital, to develop solutions to climate change and other environmental challenges. It focuses on energy efficiency, renewable energy and transportation, in addition to addressing other important areas like water conservation, land use and waste.
Everyone has a role in helping address society’s greatest needs. At Bank of America, we do this through our work with clients and communities to further economic and social progress around the world. We do this by focusing on environmental sustainability, driving economic and social progress, and enabling financial health.
| Headquarter | 100 N Tryon St. Charlotte, NC 28202 United States of America |
|---|---|
| Website | www.bankofamerica.com/ |
| Founding Date | 1998 |
| Tel | 1-800-432-1000 |
| Company Status | Private |
| Jobs | careers.bankofamerica.com/search-jobs.aspx?c=united-states&r=us |
| Social Sites |
Bank of America Competitors
Bank of America competitors include Rabobank, Ally Financial Inc., BBVA, and Wells Fargo. Bank of America ranks 5th in Overall Culture Score on Comparably vs its competitors. See below how Bank of America compares to its competitors with CEO Rankings, Product & Services, NPS, Pricing, Customer Services, Overall Culture Score, eNPS, Gender and Diversity Scores.
Culture Video
Bank of America Employees
Bank of America has 220000 employees. 737 employees at Bank of America have reviewed Bank of America across various culture dimensions, providing their opinions on items ranging from executive ratings to the pace at work. The latest review was a month ago.
Overall, the 737 Bank of America employees give their leadership a grade of B-, or Top 40% of similar size companies on Comparably. This includes specific ratings of their executive team, CEO, and manager.
Employees at Bank of America are generally satisfied with their total compensation at Bank of America, which includes a combination of pay, stock and equity, and benefits.
Overall, employees at Bank of America are generally satisfied with their team. 737 Participants grade the quality of their coworkers a B-. The majority believe the meetings at Bank of America are effective, and the majority look forward to interacting with their coworkers.
The majority of employees at Bank of America believe the environment at Bank of America is positive. Most Participants believe the pace of work at Bank of America is comfortably fast. About 66% of the employees at Bank of America work 8 hours or less, while 4% of them have an extremely long day - longer than twelve hours.
Overall, the employees at Bank of America are generally happy, based on their aggregated ratings of future outlook, customer perception, and their excitement going to work.
A Day in the Life
A Day in the Life
Bank of America employees generally work 8.8 hrs a day
Work Hours
A Day in the Life
Employees at Bank of America report the work pace is comfortably fast
Work Pace
A Day in the Life
On a typical day, employees at Bank of America have 1 meeting
Meetings
A Day in the Life
81% of Bank of America employees look forward to interacting with their team every day
Coworkers
A Day in the Life
Bank of America employees most often take 20-30 paid vacation and sick days each year
Perks & Benefits
A Day in the Life
63% of Bank of America employees report they are happy with their work life balance
Work Life Balance
A Day in the Life
Bank of America employees typically get valuable feedback on how to improve at work Once a month
Feedback
A Day in the Life
71% of Bank of America employees call their work environment positive
Environment
Joining Bank of America - Employee Onboarding
The prevailing opinion from employees about joining Bank of America is that the company was very prepared on their first day. Bank of America employees concluded that their overall onboarding experience was positive. 61% said their direct manager was helpful with their acclimation during the first 90 days. First impressions are important, and how prepared a company is on your first day leaves a lasting impression.
Bank of America KPIs and OKRs
Bank of America KPIs and OKRs are most clear in the Executive department and Finance department, whilst employees in Operations and Sales departments think their goals least clear. Out of 101 Bank of America employees who’ve answered, “Are your company’s goals clear and are you invested in them?” 67 have said yes.
Are your company's goals clear, and are you invested in them?
Are the KPIs/OKRs for your department clear?
Bank of America CEO & Leadership
73 /100
Bank of America CEO Awards and Recognitions
Brian’s approval rate is in the Top 25% of all CEOs of similar-sized companies on Comparably, and in the Top 15% compared to the CEOs of all other companies in Hickory, NC. With a high CEO score, Brian Moynihan has won the Top Rated CEO in 2017. In addition, Brian has garnered Best CEOs for Diversity in 2019 specifically for Diversity, making Bank of America’s CEO one of the top rated CEOs by diverse employees. Bank of America’s CEO is highly regarded especially by Native American employees, employees in the HR department, and employees in the IT department. However, employees in the Marketing department, employees in the Design department, and Non-Binary employees have a less favorable view of the CEO and believe there is room for improvement. Compared to Bank of America’s competitors, Brian Moynihan ranks right below Rabobank CEO Paul Beiboer. Under Moynihan’s leadership, Bank of America employee respondents are most happy about their Perks And Benefits and the company’s Compensation. Retention and Office Culture are two areas, according to respondents, where Bank of America could stand to see real improvement.
Bank of America Leadership
The Bank of America Executive Team is rated a “B-” and led by CEO Brian Moynihan, Head of Equity Capital Markets for The Americas and Managing Director J. D. Moriarty, and Chief Risk Officer Geoffrey Greener
Brian Moynihan CEO / President
Mr. Brian T. Moynihan has been the Chief Executive Officer and Director of Bank of America Corporation since January 01,... read more
J. D. Moriarty Head of Equity Capital Markets for The Americas and Managing Director
Mr. J. D. Moriarty has been Chief Financial Officer of LendingTree, Inc. since August 2017 and served as its Senior Vice... read more
Geoffrey Greener Chief Risk Officer
Mr. Geoffrey S. Greener has been the Chief Risk Officer of Bank of America Corporation since April 25, 2014. Mr. Greener... read more
Lewis Steinberg MD of Merrill Lynch & Structured Solutions and Head for The Americas M & A Group - Merrill Lynch
Mr. Lewis R. Steinberg, also known as Lew, has been Managing Director and Structured Solutions Head for The Americas... read more
Paul Donofrio Chief Financial Officer
Mr. Paul M. Donofrio has been the Chief Financial Officer of Bank of America Corporation since August 01, 2015. Mr.... read more
Bruce Thompson Vice Chairman
Mr. Bruce R. Thompson has been Vice Chairman of Bank of America Corporation since March 26, 2016. Mr. Thompson served as... read more
Richard Holt President of Dallas Market
Mr. Richard Holt has been the President of Dallas Market for Bank of America Corporation. since September 2008. Mr. Holt... read more
Terrence P. Laughlin Vice Chairman and Head of Global Wealth & Investment Management
Mr. Terrence P. Laughlin, also known as Terry, has been Vice Chairman and Head of Global Wealth and Investment... read more
Thomas K. Montag Chief Operating Officer
Mr. Thomas K. Montag, also known as Tom, serves as the Chief Executive Officer and Director at Merrill Lynch & Co., Inc.... read more
Bank of America Salaries
How much does Bank of America pay?
How much do people at Bank of America get paid? See the latest salaries by department and job title. The average estimated annual salary, including base and bonus, at Bank of America is $145,758, or $70 per hour, while the estimated median salary is $159,231, or $76 per hour.
At Bank of America, the highest paid job is a Chief Creative Officer at $425,000 annually and the lowest is a CS Rep at $32,500 annually. Average Bank of America salaries by department include: Admin at $60,844, Customer Support at $158,227, Finance at $93,460, and Legal at $154,266. Half of Bank of America salaries are above $159,231.
503 employees at Bank of America rank their Compensation in the Top 35% of similar sized companies in the US (based on 1626 ratings) while 478 employees at Bank of America rank their Perks And Benefits in the Top 25% of similar sized companies in the US (based on 553 ratings).
Salaries contributed from Bank of America employees include job titles like Senior Developer, Developer, Automation Engineer, and QA. Comparably data has a total of 106 salary records from Bank of America employees.
Last updated months ago.
| Summary | Salary Range | Percentile |
|---|---|---|
1st Percentile $74k | $74k | 1st Percentile |
17th Percentile $116k | $116k | 17th Percentile |
33rd Percentile $150k | $150k | 33rd Percentile |
50th Percentile $195k | $195k | 50th Percentile |
67th Percentile $235k | $235k | 67th Percentile |
83rd Percentile $256k | $256k | 83rd Percentile |
100th Percentile $275k | $275k | 100th Percentile |
$145,758*
Average Compensation
$159,231*
Median Compensation
* Estimated salaries Estimated salaries are based on data provided anonymously by employees and/or estimated by other statistical methods.
Bank of America Salaries by City
- Los Angeles
- Washington, DC
- Hagerstown, MD
- Charlotte, NC
- Miami, FL
- Hartford, CT
- Boston
- Dallas
- Fort Worth, TX
- Baltimore, MD
- Wilmington, DE
- New York
- Chicago
- Phoenix
- San Francisco
- Atlanta
- Elizabethtown, KY
- Utica, NY
- Syracuse, NY
Bank of America Salaries by Department
Diversity & Inclusion at Bank of America
Diverse employees at Bank of America score the company 67/100 across various culture categories, placing Bank of America in the Top 50% of companies on Comparably with 10,000+ Employees for Comparably's diversity score. The Diversity score provides insights into how diverse employees feel and rate their work experience at Bank of America across various culture dimensions.
Our diversity makes us stronger, and is essential to our ability to serve our clients, fulfill our purpose and drive responsible growth. We recognize the potential of every employee by actively encouraging a diverse and inclusive workplace — in thought, style, sexual orientation, gender identity, race, ethnicity, disability, culture and experience.,
Ranked Culture the Highest
Ranked Culture the Lowest
Bank of America Perks & Benefits
Health & Wellness
- Health Insurance
Paid Time Off
- PTO / Vacation Policy
Bank of America PTO
Bank of America's PTO and Vacation policy typically gives 20-30 days off a year with 69% of employees expected to be work free while out of office. Paid Time Off is Bank of America's 2nd most important benefit besides Healthcare when ranked by employees, with 27% of employees saying it is the most important benefit. Bank of America's benefits and PTO Package averages to represent a less than $500 cash value per month.
Other than healthcare, which of the following benefits is most important to you?
Does your boss expect you to work when you're on vacation?
What do you estimate the cash value of your benefits to be? Healthcare, PTO, etc?
Bank of America Careers
Bank of America Jobs
No Recent Jobs found for Bank of America on Comparably
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H1B Visa
In 2019, Bank of America applied for 1170 H1B visas. Of the work permits applied for, 89% were approved.
An in-depth look at ‘Certified-withdrawn’ H1B applications at Bank of America unveil that 5 approved work permit applications were withdrawn before the employee’s start date, and 117 were withdrawn by Bank of America after the employee’s start date.
Work Permit Application Outcome
Bank of America has a total of 220000 employees
1170
Total Applied
H1B Applications Outcome
- 89% Granted (1038 out of 1170)
- <1% Denied (10 out of 1170)
- <1% Withdrawn Application was withdrawn by the employer before approval/rejection (5 out of 1170)
- 10% Certified-Withdrawn Application was approved but later withdrawn by employer (117 out of 1170)
This data was calculated using publicly sourced data from OFLC Performance Data
Let Bank of America Know You Want To Work There
Overview of Candidates Interested in Bank of America on Comparably
Candidates By Department
All Industries | 58% | |
|---|---|---|
Engineering | 13% | |
Product | 5% | |
IT | 4% | |
Operations | 4% | |
Other | 15% |
Candidates By Location
New York City | 15% | |
|---|---|---|
Charlotte | 9% | |
Dallas | 4% | |
San Francisco | 4% | |
Chicago | 3% | |
Other | 64% |
Bank of America Internship Program
We offer a variety of opportunities including apprenticeships, insight programs, summer internships, industrial placements/attachments and full time roles. The right program for you will be determined by the stage of which you are currently studying and your availability to join the program.
If you’re in the UK and you’ve decided not to pursue university and prefer to jump straight into the world of work, you may be interested in our Degree Apprenticeship programs. Here apprentices split their time between studying for a bachelors or master’s degree while earning a salary and gaining relevant experience with us.
If you are early in your first degree at university, an insight program offers you a shorter and more generalist encounter with our businesses where you will not be placed into a specific team but have the opportunity to attend tailored programming and events that will help you develop new skills and learn more about our opportunities in advance of applying to an internship. In EMEA our school insight programs are designed for those in Years 12 and 13, providing you with the opportunity to discover more about the industry and a chance to begin exploring your career options.
Summer internships typically last for 10 weeks and attract students in their penultimate year of university who aim to start work full time the following year. The summer internship class is our primary source of hiring into our full time programs. An internship is a great way to get a taste of what a full time role in your team of interest would be like and hone your skills through structured performance evaluations, training, development and social opportunities offered throughout the program.
In some locations, summer intern opportunities are offered for students who are in the first or second year of study as well as fixed-term placements such as off-cycle internships or industrial placements/attachments that take place at varied times throughout the year and can vary in length depending on business need.
Full time Analyst and Associate programs are designed for candidates who are ready to start work upon university graduation. The program format and offering varies by business but all programs offer formal, ongoing training and development opportunities, structured performance evaluations, mentoring support and networking opportunities; all set to supplement your on the job learning and experiences.
How difficult is it to get an internship at Bank of America?
Engineering
Operations
Finance
Very Difficult33%
Somewhat Difficult0%
Not Difficult34%
Difficult0%
Does Not Offer Internships33%
Answered by 3 Engineering Interns
Very Difficult0%
Somewhat Difficult50%
Not Difficult0%
Difficult50%
Does Not Offer Internships0%
Answered by 4 Operations Interns
Very Difficult0%
Somewhat Difficult75%
Not Difficult0%
Difficult0%
Does Not Offer Internships25%
Answered by 4 Finance Interns
Frequently Asked Questions regarding Bank of America
What is Bank of America address?
Bank of America location is at 100 N Tryon St.
Who is the CEO of Bank of America?
Bank of America CEO is Brian Moynihan, their score by employees is 73
What is Bank of America eNPS?
The eNPS for Bank of America is 3
What is the salary for Financial Analyst in Bank of America?
Financial Analyst average salary in the US is 78k
What are the salaries in the Marketing in Bank of America?
The average salaries for Marketing in Bank of America is 134k
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