Job security, good tuition reimbursement ($5,250), and health insurance are free under $50k a year (for an individual).
No path for advancement (it's who you know). They only offer a 5% 401K match, while other banks offer a 6% match.
Bonuses are a joke unless you are a Band 3 or 4, and again, it's who you know. Other banks offer bonuses from 8% to even 25% (yes, Wells does that!), while BofA offers a 1% bonus if you're a Band 6. The most I'd ever received (with an 'exceeds' rating) was $8k.
The more you make, the more you pay for your health insurance. You end up paying more almost every year (they did stay flat for a while) if you're over $70k in salary. Cost of living increases get passed on to you, and there goes your 2% raise if you're lucky to get it.
Live the bank values, embrace them, and stop giving them lip service only. Everyone loves Moynihan, but he has no clue what life is like for 90% of the bottom of his company and how toxic things have become in his organization. Diversity is lip service only in most areas. It is who you know, not what you know. It's not the hard work, unless you're working for an amazing manager. Most of the 'good ones' left the bank already.
It took 4 weeks to complete the process. Standard: call from recruiter. Moved to technical screening over phone. This was followed by onsite technical, and then managerial.
Coding Assessment: Online test with DSA and basic problem-solving questions. Two Technical Rounds: Round 1: DSA + SQL questions Round 2: Software fundamentals (OOPS, OS, DBMS, networking, etc.) HR Round: Behavioral questions, background, salary,
The interview was in-person, including the intro. We moved ahead with coding questions and QA-related theoretical and practical questions. I was asked to write some piece of code too. Overall, it was a good experience.
It took 4 weeks to complete the process. Standard: call from recruiter. Moved to technical screening over phone. This was followed by onsite technical, and then managerial.
Coding Assessment: Online test with DSA and basic problem-solving questions. Two Technical Rounds: Round 1: DSA + SQL questions Round 2: Software fundamentals (OOPS, OS, DBMS, networking, etc.) HR Round: Behavioral questions, background, salary,
The interview was in-person, including the intro. We moved ahead with coding questions and QA-related theoretical and practical questions. I was asked to write some piece of code too. Overall, it was a good experience.