Everywhere I look, there are employees who claim they left for a better job with higher pay. Here, Facebook, wherever. However, all the people I know personally are struggling to find a job that has any kind of job security and at least comparable pay, not to mention a raise. I think a lot of people are exaggerating their current circumstances for whatever reason (trolling, to make themself feel better, who knows...) I find it both sad and disturbing. Don't give people false hope. We go through enough just working for BofA, we don't need stuff like that on top of it.
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There are many jobs available. When I left the bank several years ago, I planned to just retire and be done with it, but I got a call from a friend that works for a small local financial institution asking if I would be interested in coming back to work. I thought about it for a month and decided, 'why not'
Bottom line - I am paid right around 20% less than I made at BAC, but the employee benefits are much better and less expensive than what I was getting and paying for with the bank. I also work from home three days a week, I am not required to manage people like I did as a B4 at BAC, no overtime or weekend work required and my time at work is flexible. Oh.... and I typically sit in and participate on 3 meetings a week. (Yay!!!)
And most importantly, this company of around 350 employees is like a family where management treats their staff with dignity and respect.
I actually enjoy going to work each day now. I lost that feeling many years ago with BAC.
I think luck and timing are also very big factors — things that many people can’t control. I was with the bank for more than 10 years and spent 2-3 years toward the end looking for a new job with ZERO luck. I was pretty miserable and didn’t think anyone wanted me. I sent out so many resumes and was barely getting any hits. After I left (and yes, I left without another job lined up because I was that unhappy), I was so nervous about dipping into my savings to survive. But I completely lucked out and found a new job with another large company within 2 months — and with a substantial salary increase too. I’m sure my experience counted for something, but I think luck and timing were actually bigger factors in how I found my new role. Wishing everyone here who is looking the very best of luck!! When you least expect it, things sometimes have a way of working themselves out. I know it’s easier said than done, but my advice is: no matter how down you get, just don’t get discouraged.
Plenty of IT positions available. Use this time to find something. The bank is making all the wrong choices and it’s clear. Don’t just take anything it’s your career. I’ve been looking for a couple months received an offer but declined it because I want to find a perfect fit not just a quick replacement. The hunt continues…
If you're not getting any responses at all, it's likely your resume not passing through HR's ATS systems.
If you're getting interviews, but you're not getting offers, it's likely your presentation and preparation.
I think you are taking a small sample that is not representative of the whole.
Here are some facts
- Plenty of jobs out there, it's just not true for white collar 100k+ jobs. It's very competitive as it has ever been
- Being at BofA does not make you competitive to real tech shops like FB, G, etc. They hire from each other. Your pool is MS, JP, and MAYBE GS (if you are good). BofA has not prepared us for lasting careers by and large. You are simply greasing a a bespoke wheel in many roles within the Bank. So don't be disappointed if you don't get many hits.
- There is a ton of D&I hiring. If you are not a targeted category. You can struggle. My suggestion is decline to answer this question if possible and if you are.
Those said...keep trying and applying and networking. I know many people who are good who left this place.
I am 5 months into the interview processes and having a tough time, but i'm getting closer and closer to the final rounds. I know i'll get out of here soon. That is my goal, to get out and better my chances of being employable. I don't want to be a sitting duck here until I'm 50 trying to get out.
Good luck!
The bank has a wide swath of employees being represented on this site from call center agents to possibly executives. Just because your microcosm of associates isn't represented with these anecdotes, doesn't mean it doesn't exist. If you want to rationalize this by calling BS, that might be an indicator that you want to put your head in the sand and play the victim.
I went to another bank for a small raise and permanent hybrid setup. It might depend on what field you are in. The market is very hot for software developers right now.
If I left the bank and went to a job that paid more, had a better work/life balance, etc the last thing I would be doing is trolling this board. So yes, I agree the people who post here and claim as much are typically not being honest.
I think it is true on both sides. I know many while at the bank who left for better opportunities. The ones that seem to be struggling are those who left and then tried searching.