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Love working at "The Bank"

Vice President, Senior Applications PROG Manager
Former Employee
Worked at Bank of America for 6 years
April 28, 2014
Charlotte, North Carolina
4.0
RecommendsNeutral OutlookApproves of CEO
Pros

There are many opportunities to move around and advance within the lower bands.

Great vacation (4 weeks!).

Flexibility to work from home when needed.

Cons

Very difficult to get a band 4. When you do, it puts a target on your back when layoffs come. Health benefits are very, very expensive. Senior executives are brought in from outside the bank. Then they bring folks from their old jobs rather than promoting from within.

Advice to Management

How do you expect to groom your next-gen leaders when the focus is to cut based on band rather than on talent?

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