Overview
Introduction
BofA is one of the world’s largest and most highly respected financial institutions. It's also one of the world's most socially-conscious financial firms. Its Ally program for LGBTQ+ colleagues allows volunteers to take part in open dialogue, and it has active programs designed for many other underserved groups, including women, minorities, and veterans. Also, BofA's CEO is head of the World Economic Forum Business Council that’s working to set ESG measurement standards.
Company Stats
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Employment Contact
Vault Verdict
Note: The firm did not participate in our 2022 Banking Survey; all employee reviews are from our surveys in previous years.
One of the largest and most well-known banks in the U.S., Bank of America is looking for hardworking, articulate, technical-savvy, self-starting team players. For students, BofA runs a valuable internship program, providing interns with excellent training, mentoring, networking, and live deal experience. The firm’s full-time junior bankers also receive extensive training and mentoring opportunities, along with hands-on experience and top-notch internal mobility options—the bank encourages its people to find groups, products, and geographic regions that are good fits, and since BofA is su...
About the Company
Headquartered in Charlotte, N.C., Bank of America is one of the world’s largest financial institutions, serving individual consumers, small and middle-market businesses, and large corporations with a full range of banking, investing, asset management, and other financial and risk management products and services. The company serves approximately 66 million consumer and small business relationships.
Bank of America provides wealth management, corporate and investment banking, and trading products and services across a broad range of asset classes, serving corporations, governments, institutions, and individuals around the world. Bank of America offers support to approximately three million small business owners through a suite of online products and services. The company serves clients through operations across the U.S., its te...
Employee Reviews
- “When I was in training, hours were pretty bad—I was working 12 to 14 hours a day. Now that I’m full time and in the office, hours are very reasonable. Usually, my teammates ‘give me work if it’s too late in the day. Right now, I’m enjoying the work/life balance. Everyone I’ve been working with seems to enjoy their lives and are able to have lives outside of work, too.”
- “Great flexibility in terms of when we choose to come into the office and leave. Work from home flexibility is also great. Worst aspect is the unavoidable late nights when a deadline needs to be hit and a lot of work is jammed at once.”
- “It’s a great place to work because of the people and culture at the firm. I feel like I can ask questions and reach out to my peers when I need help. The push from upper management to go back to the office is clear, but I don’t feel that they’re listening to everyone's concerns/views on going back.”
- “I’m on a product team that’s experiencing rapid growth, so there’s a significant amount of work at off-hours. Prior to releases, the hours can be long. However, management is supportive of flexibility and encourages us to make up the time if we need to work nights or weekends.”
Getting Hired Here
- “They had us do a HireVue first-round interview, and then they emailed us to tell us we made it to the final round Super Day, which comprised of three final-round interviews in New York. They called me that night to offer me the internship. I believe the ideal candidate they’re seeking is someone who is intellectually curious, fits the people-centric culture, has knowledge about many different areas, can adapt to difficult situations and questions, and is a self-starter.”
- “The ideal candidate the bank is seeking is someone who is a great team player and someone who takes ownership of their work. Someone who pays close attention to detail and can back any assumptions in their analysis. The bank did a great job of providing feedback in the interview process.”
- “Smart, articulate individual who can clearly communicate their ideas. Doesn’t have to be technically savvy (finance or coding wise) but must be involved outside of school/work and show a willingness to work hard.”
- “We’re looking for a good cultural fit, a candidate we think will be excellent at risk management, client-focused, and have strong collaboration, leadership, and teamwork skills. A positive attitude and good work ethic also goes a long way.”
Perks & Benefits