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Stable But Political Tech

Software Engineer
Current Employee
Has worked at Bank of America for less than 1 year
November 22, 2008
Charlotte, North Carolina
3.0
Approves of CEO
Pros

Well-known company.

Stable compared to other financial companies in the industry.

Flexible.

Cons

I've worked there for 10 years on the technology side in various lines of businesses (Consumer, GCIB).

Similar to most companies, there is a lot of internal infighting, politics, and process that makes it hard to get things done.

A major problem is the way projects are funded and staffed, where every group bills another group like a consulting company.

It's all rather silly and makes it very expensive for projects to get funded.

Anyways, in my years at the bank, the technology side is in the worst shape I've ever seen it.

Communication is often in the form of blast emails and communications. There is so much "communication" it is really just spam.

It helps a lot to have a manager or senior manager that is well respected as well.

I do believe the business side is run much better.

Advice to Management

see above

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