https://www.efinancialcareers.co.uk/news/2023/01/bank-of-america-recruitment
AML operations feedback
Does anyone have any feedback on aml operations under Patricia clement? I am considering taking up a band 4 role and would like to know what the culture is like. TIA
GTS Bonus $$
Seriously cr*p bonus $ (down 25%) ….. considering all the issues we’ve had and continue to deal with the last year. Anyone else quiet quitting, bare minimum, here I come.
Remember to do the bare minimum
I see alot of people complaining about low raises or bonuses. Remember the bank does not care about you. Don't go the extra mile for it and have low expectations, if you aren't getting paid well then move on. All the double speak your managers... — read more
The same rules never apply to everyone
What's even more frustrating than the actual work from office is the fact that rules here are never applied equally to everyone, so someone will really come to the office regularly, and those who are favorites will successfully "avoid" that rule... — read more
Bonus Deposit Question
When are bonuses paid out? The 30th of this month or next month?
Compensation Conversations
Manager hasn’t scheduled me for a comp conversation and I’m seeing conflicting information in threads. I keep seeing no raises and 20% reduction in bonus but healing internally that the go ahead to release info hasn’t been received. Are both of these... — read more
I'm done with this cr*p
I'm tired of being denied promotions because my manager and those above him think that if I get promoted, then there will be a vacuum in my current role. What do they want me to do? Stay in the same position forever? I've been doing this job... — read more
Stock awards
So how many are we getting? What is the breakdown by salary level?
Title promotions
How does one actually get a title promotion? I’ve read the criteria for various titles but how does it actually work? Is it basically Mgmt talking to HR and getting them to click a button?
Performance Raises
No merit increases this year despite record inflation and Brian Moynihan getting huge 30% raises year over year. That’s one way to chase away top talent! This company isn’t what it used to be… you bust your a-s to the bone and get absolutely nothing... — read more
What would keep you here?
Those who seriously intend to leave, I wonder if there is anything that could make you change your mind about leaving this place. I am quite skeptical when someone tells me that the grass is greener elsewhere, because it all depends on one's... — read more
Did any body hear about annual bonus?
Normally BOFA announces bonus for employee during January. Did any body hear about annual bonus?
Manager vs associate pay
Shouldnt a manager make more money than his team associates? How does that work?
Informed today of stricter 3 days in office policy
Manager called team together and informed of mandatory 3 days in office to be enforced. If they are calling meetings to enforce this is this part of the new get people to resign and reduce head count ploy ?
Anyone else worried
That Brian won't get another 31% increase? Praying he gets enough so he can feed the family. I'm happy getting 20% smaller bonus and no pay increase. We all need to sacrifice for Brian and the shareholders. And for folks complaining about coming... — read more
Missing Money
Why wasn't there a company wide notification email to all employees about this? https://www.yahoo.com/lifestyle/bank-america-slammed-money-suddenly-212936597.html
After reporting a very bad bully New
After reporting a very bad bully to HR, employee was given shorter project deadlines. However employee still succeeded with meet at yr end review. But, employee received an "Action Plan" too for not manage time good per management. Employee had... — read more
So let me get this straight
https://fortune.com/2023/01/19/bank-of-america-ceo-brian-moynihan-slowing-down-hiring-low-attrition-past-target-headcount/ They paid a majority of the organization 7% to stay last year. Now we can't hire because too many people stayed. PLUS... — read more
Almost everyone would like to receive a package
This place is getting worse by the day. Isn't it sad that there are more and more people who are still here just because they are waiting for a package, than those who still love working here?
Big banks may face breakup, Top Regulator says
https://www.wsj.com/articles/too-big-to-manage-banks-may-face-breakup-top-regulator-says-11673982801
BofA cuts
Wells Fargo had layoffs last week, BNY Mellon is laying off right now, so when will it be our turn again?
Don’t be Fooled - Don’t Settle
https://www.yahoo.com/finance/news/dont-settle-workers-market-newest-110000824.html
Amazing Q4 Results! Will the "success be shared"?
Or is this just fluff language and means nothing to employees?? Only the execs get to celebrate and share the success with each other??
What is the most unprofessional thing you experienced here?
As far as I have noticed, BofA no longer strives to retain its institutional knowledge. There is more mediocrity than ever.
Securities trades
Does working at BOA interfere with you doing stock trades on your own, in personal accounts? Are there any requirements, disclosures etc. needed?
Manager on call..
So our manager was on a call… talking about being sick, coughing, sniffling, and clearing throat non-stop… and sitting IN THE OFFICE while on WebEx. Ignorance at its finest. SO over this fake “let’s connect” excuse! You wanna connect?! Ditch webex... — read more
buy shares at $34.11
Buy puts for 1/13 strike = $34 = $0.69 This is for all you complainers about not getting a decent bonus. Happy New Year y'all
COVID update..
I woke up with a cough and sore throat.. the home test was negative, but I was suspicious. I called SOAAC and let them know- and stated that I am capable of WFH so not interested in using any sick time because again, I’m capable of WFH as we did for... — read more
A New Plateau?
https://www.reuters.com/markets/us/biden-says-us-economy-headed-new-plateau-amid-recession-fears-2023-01-05/ https://www.cnn.com/2023/01/04/investing/alan-greenspan-fed-recession/index.html
Medical accommodation process
What’s the process? Do I have to tell my boss the reason? My doctor is willing to complete paperwork and my disability is covered by the ADA. Is it hard getting approved?
Bank of America treated me well
I was there for fifteen years. Left in the late 2000s. I can honestly say that was the best job I ever had. I left for better pay and while my next workplace was okay, it wasn't the same. It breaks my heart to see how employees are being treated... — read more
2 week hiring freeze
Not sure why it was deleted but no offers will be extended for 2 weeks; internal or external.
After Reporting aVery Bad Bully 2
After reporting a very bad bully to HR, Manager changed full time employee’s review from excellent (employee acknowledged the good one days before change) to very negative without employee’s knowledge; Sent emails to employee stating employee was... — read more
I have no motivation for anything more than the bare minimum
Moreover, sometimes I barely do even that minimum. I wonder if it's just me or are the rest of you having problems with motivation too?
Time for a change
This is the perfect time to look at why you're staying at Bank of America and see if it's time to move on to the next chapter of your career. Realistically, nobody is staying here for the pay or benefits. You can get better at any alternative. People... — read more
CFO's Expect Hard Landing
https://www.cnbc.com/2022/12/28/dow-headed-below-30000-slim-chance-of-soft-landing-for-economy-cfos.html
Embrace WFH, or live in denial
https://www.yahoo.com/finance/news/2-types-companies-harvard-remote-200838242.html
Aditya's weekly recognition is not representative
Every recognition email is 90% lndian. It's becoming cringe to even look at without thinking that this doesn't represent the community or customers we serve. When will we see true diversity and inclusion in those emails? All we see is the cost cuts... — read more