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Good place to retire

Vice President Technology
Current Employee
Has worked at Bank of America for less than 1 year
January 31, 2010
Jersey City, New Jersey
1.0
Doesn't Approve of CEO
Pros
  1. Good benefits, especially if you are planning a family :)
Cons
  1. The compensation package in technology is very poor compared to other Wall Street banks for a similar role.

  2. Although Bank of America stresses work-life balance, it depends on your manager how flexible and fair they are in allowing you the flexibility to manage it.

  3. The bank has a very bureaucratic process towards work. So, good ideas are appreciated, but you have to be really lucky to get the support to action them.

  4. Growth is dependent on how good a rapport you have with your manager and how much they support your case. Performance is a secondary attribute.

Advice to Management
  1. If you want to retain good talent, please pay them fairly.
  2. Performance, and not the number of years in the bank, should be the criteria for growth in the bank.

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