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Bank of America
4.3
based on 3.1k Reviews
Video summary
Company Overview
Associated Companies
Company Locations
Working at Bank of America
Company Summary
Bank of America's purpose is to help make financial lives better through the power of every connection.
Overall Rating
4.3/5
based on 3.1k reviews
13% above
industry average
Highly rated for
Job security, Work-life balance, Company culture
Work Policy
Hybrid
93% employees reported
Monday to Friday
87% employees reported
Flexible timing
65% employees reported
No travel
81% employees reported
View detailed work policy
Top Employees Benefits
Office cab/shuttle
340 employees reported
Cafeteria
298 employees reported
Health insurance
264 employees reported
Job/Soft skill training
258 employees reported
View all benefits
About Bank of America
Founded in1998 (27 yrs old)
India Employee Count10k-50k
Global Employee Count1 Lakh+
India HeadquartersHyderabad / Secunderabad, Telangana, India
Office Locations
Dubai
Websitebankofamerica.com
Primary Industry
Other Industries
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View in video summary
At Bank of America, we have a clear purpose to help make financial lives better through the power of every connection. We fulfill this purpose through our commitment to responsible growth, which includes a focus on environmental, social and governance (ESG) leadership. Integrated across our eight lines of business — our ESG focus reflects our values, ensures we are holding ourselves accountable, presents tremendous business opportunity, and allows us to create shared success with our clients and communities. Every day, we provide unmatched convenience in the United States, serving approximately 66 million consumer and small business clients. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. The company serves clients through operations across the United States, its territories and more than 35 countries.
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Bank of America Ratings
based on 3.1k reviews
Overall Rating
4.3/5
How AmbitionBox ratings work?
5
1.8k
4
795
3
285
2
71
1
121
Category Ratings
4.6
Job security
4.3
Work-life balance
4.2
Company culture
3.9
Work satisfaction
3.8
Salary
3.8
Skill development
3.4
Promotions
Bank of America is rated 4.3 out of 5 stars on AmbitionBox, based on 3.1k company reviews. This rating reflects a generally positive employee experience, indicating satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at Bank of America
based on 2.9k reviews
4.3
Rated by 970 Women
Rated 4.6 for Job security and 4.3 for Work-life balance
4.2
Rated by 2k Men
Rated 4.6 for Job security and 4.4 for Work-life balance
Work Policy at Bank of America
based on 469 reviews in last 6 months
Hybrid
93%
Work from office
6%
Permanent work from home
1%
Bank of America Reviews
Top mentions in Bank of America Reviews
+ 5 more
Compare Bank of America with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 4.3/5 based on 3.1k reviews | 3.5/5 based on 1.2k reviews | 3.8/5 based on 6.5k reviews | 4.0/5 based on 6.2k reviews |
Highly Rated for | Job security Work-life balance Company culture | No highly rated category | Work-life balance Job security | Job security Skill development Salary |
Critically Rated for | No critically rated category | Work-life balance Job security Promotions | Promotions | Promotions |
Primary Work Policy | Hybrid 93% employees reported | Work from office 85% employees reported | Hybrid 83% employees reported | Hybrid 64% employees reported |
Rating by Women Employees | 4.3 Good rated by 970 women | 3.3 Average rated by 467 women | 4.0 Good rated by 2k women | 3.9 Good rated by 2.1k women |
Rating by Men Employees | 4.2 Good rated by 2k men | 3.7 Good rated by 684 men | 3.8 Good rated by 4.3k men | 4.0 Good rated by 3.8k men |
Job security | 4.6 Excellent | 3.1 Average | 3.9 Good | 4.1 Good |
View more
Bank of America Salaries
Bank of America salaries have received with an average score of 3.8 out of 5 by 3.1k employees.
Team Lead
(2.3k salaries)
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₹5.7 L/yr - ₹16 L/yr
Team Developer
(1.9k salaries)
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₹2.4 L/yr - ₹11 L/yr
Software Engineer
(1.1k salaries)
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₹6.6 L/yr - ₹27 L/yr
Senior Software Engineer
(966 salaries)
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₹7 L/yr - ₹27 L/yr
Team Member
(926 salaries)
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₹1.6 L/yr - ₹5 L/yr
Senior Team Member
(908 salaries)
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₹2.2 L/yr - ₹9 L/yr
Senior Analyst
(897 salaries)
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₹9.8 L/yr - ₹30.4 L/yr
Analyst
(761 salaries)
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₹7 L/yr - ₹30 L/yr
Assistant Vice President
(638 salaries)
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₹22.1 L/yr - ₹60 L/yr
Software Engineer2
(469 salaries)
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₹11 L/yr - ₹31 L/yr
Bank of America Interview Questions
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Bank of America Jobs
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Bank of America News
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Wall Street Goes All In On Great Crypto Comeback Fueled By Trump
- The embrace of digital assets by the Trump administration has sparked a crypto comeback on Wall Street, with key players like Citadel Securities and CME Group Inc. looking to expand their crypto offerings.
- President Trump creating a strategic Bitcoin reserve and issuing an executive order on digital assets has bolstered confidence in the industry.
- The Futures Industry Conference in Florida saw a convergence of traditional finance executives and crypto industry players, signifying a growing interest and acceptance of cryptocurrencies.
- Important developments include World Liberty Financial Inc. discussing business with Binance Holdings Ltd. and Citadel Securities exploring a more proactive role in crypto as a liquidity provider.
- Regulatory environment changes, such as the SEC dismissing cases against crypto companies and allowing institutions to engage more with cryptocurrencies, are opening new opportunities for investors.
- Financial institutions like Morgan Stanley and Bank of America are now seeking to expand their involvement in the crypto space, signaling a shift towards mainstream adoption of digital assets.
- The sentiment at the conference was one of cooperation between traditional finance and the crypto industry, with a focus on how they can collaborate and benefit from each other.
- Wall Street's interest in blockchain technology for 24/7 stock trading indicates a broader recognition of the importance of digital innovation in traditional finance practices.
- Despite past skepticism and regulatory challenges, there is now a growing acceptance and integration of cryptocurrencies within the financial sector, showcasing a significant shift in industry dynamics.
- The enthusiasm for crypto's potential and the growing involvement of major players in the industry illustrate a turning point towards broader mainstream adoption and utilization of digital assets.
Bloomberg Quint | 14 Mar, 2025
Dealmaking slumps over Trump's tariff turmoil. 'It's almost as bad as Covid.'
- Dealmaking on Wall Street has slowed down recently, with industry insiders attributing it to Trump administration's actions impacting the economic outlook and causing uncertainty.
- Investment bankers were hopeful for a surge in deals due to Trump's policies but are now facing hindrances due to trade policies and regulatory changes.
- The uncertainty around Trump's tariffs has led many corporations and buyout firms to hold off on deals, impacting M&A and IPO activities.
- Some industry professionals described the current slowdown in dealmaking as almost as bad as the impact of the Covid-19 pandemic.
- Market data from January showed an increase in mergers and acquisitions, but February's negative market reactions have dampened the dealmaking environment.
- The uncertainty has also raised concerns about bonuses, layoffs, and hiring within the industry.
- Financial institutions are evaluating their hiring plans amidst the uncertain market conditions and potential impacts on pay and jobs.
- Banks like Goldman Sachs and Bank of America have already implemented layoffs in response to the challenging market environment.
- The efficiency conversation among companies regarding cost-cutting measures has intensified, with a focus on pleasing shareholders.
- The outlook for corporate dealmaking remains clouded as the industry grapples with uncertainties surrounding tariffs, economic concerns, and volatility.
Insider | 14 Mar, 2025
Stock Recommendations Today: Indian Markets, Retail Inflation, Adani Green Energy On Brokerages' Radar
- Analysts are closely monitoring Adani Green Energy, Birlasoft, Dr. Agarwal's Health Care, BEL, IndusInd Bank, and Indus Towers in the stock market.
- Macquarie's India Strategy focuses on attractive buy ideas like Tata Consultancy Services, HDFC Bank, and Titan Co., among others.
- Jefferies' India Strategy emphasizes the importance of monitoring core momentum and avoiding beaten down stocks with poor yield/revision for long-term success.
- BofA anticipates another rate cut following a green flag in the Consumer Price Index, while JPMorgan projects a sub-4% CPI for February with a potential April cut.
- Macquarie initiates an 'outperform' rating on Adani Green Energy, foreseeing strong growth potential amid India's energy transition targets.
- Morgan Stanley is bullish on Dr. Agarwal's Health, emphasizing its leading position in India's consumer eyecare services market.
- CLSA maintains an 'outperform' rating on IndusInd Bank, drawing parallels with past banking events to predict future stock performance.
- Jefferies highlights growth boosters in the financial sector, anticipating improved bank credit growth and easing credit costs for a potential re-rating.
- Citigroup remains positive on Indus Towers, dismissing concerns over satellite communication players and highlighting its strategic infrastructure services.
- Analysts provide varied insights on different stocks, sectors, and economic indicators to guide investors in navigating the current market trends.
Bloomberg Quint | 13 Mar, 2025
The internet is in awe of Warren Buffett's perfectly timed cash-out
- Warren Buffett is being praised for paring Apple and stacking cash before the market slumped.
- Social media is full of Buffett quotes about market downturns and memes featuring the investor.
- Buffett's Berkshire Hathaway sold a net $134 billion of stocks in 2024 and built a record cash pile.
- Buffett sparked comments and memes after selling most of his Apple stake and building a record cash pile before the market downturn.
- Berkshire Hathaway nearly doubled its cash hoard to $334 billion in 2024, selling $134 billion of stocks.
- Buffett reduced Apple stake by 67% and Bank of America holding by 34% in the second half of 2024.
- Buffett cashed out before market slumped, leaving money on the table with Apple shares still up 15% since the start of 2024.
- Market sell-off may worsen due to recession fears fueled by Trump administration policies.
- Buffett's cash pile increase reflects a dearth of bargains and his soured view on banks amid higher bond yields.
- Buffett's strategy of cashing out could position him well to deploy on cut-price businesses and discounted stocks.
Insider | 12 Mar, 2025
Data Breach stories of Bank of America and Jaguar Land Rover
- Jaguar Land Rover (JLR) facing a data breach after sensitive documents were leaked on BreachForums.
- Leaked data includes future vehicle source codes, customer information, and development logs.
- Jaguar Land Rover taking necessary precautions to address the breach and will notify affected customers.
- Bank of America (BoA) experienced a data breach due to the mishandling of sensitive paper records by a third-party vendor.
Cybersecurity-Insiders | 11 Mar, 2025
Wall Street is worried it can't keep up with AI-powered cybercriminals
- Consultant Accenture surveyed bank executives on the impact of generative AI on cybersecurity, revealing that 80% believe hackers are empowered faster than banks can respond.
- Generative AI has significant implications for cybersecurity and customer trust in the banking industry, as highlighted by Accenture's financial services cybersecurity lead.
- The use of generative AI in banks has not only enhanced productivity but also presented new challenges, with cybercriminals leveraging the technology for more sophisticated scams.
- Major banks like JPMorgan and Bank of America invest billions annually in cybersecurity measures to protect against emerging threats facilitated by generative AI.
- Despite considerable investments in cybersecurity, bank IT executives express concerns about keeping pace with the rapid evolution of generative AI.
- Banks are utilizing AI to bolster their defenses, identify vulnerabilities, and mitigate risks, but regulatory constraints impede the speed at which they can adapt to threats.
- The involvement of third-party providers in bank security poses additional risks, with over 70% of breaches originating from this source according to Accenture.
- Fintech companies and startups are developing AI tools to aid banks in combating cyber attacks, but these providers can also serve as potential targets for bad actors due to less stringent regulation.
- Maintaining customer trust is crucial for banks, as it translates to higher retention rates and accelerated revenue growth, emphasizing the importance of robust cybersecurity measures.
- Banking executives are urged to prioritize cybersecurity as more than just a compliance issue, recognizing it as a fundamental aspect of protecting customer data and financial information.
Insider | 11 Mar, 2025
Shifting expectations: 3 trends to watch in workplace benefits
- Employers need to focus on adapting to benefits trends to keep employees happy, healthy, and productive.
- Bank of America found that competitive workplace benefits play a significant role in retaining employees.
- Flexible benefits give companies a competitive edge in attracting talent, especially in the current labor market.
- Comprehensive benefits plans aligned with company goals can improve employee financial, social, and emotional well-being.
- Employees are demanding more digital financial wellness tools for better access and engagement.
- Offering financial wellness resources and smart plan design can support employees in managing their finances better.
- Employers should provide education on existing benefits like Health Savings Accounts to maximize employee benefits.
- Interest is increasing in non-traditional benefits like Lifestyle Spending Accounts and family-friendly benefits.
- Personalized benefits packages are crucial for attracting new generations of talent seeking increased flexibility.
- Expanding benefits coverage to include Lifestyle Spending Accounts and family-focused benefits can enhance employee well-being.
Hrdive | 10 Mar, 2025
Banks and Fintechs Race to Launch Their Own Stablecoins
- Banks and fintechs are racing to launch their own stablecoins, digital currencies pegged to the value of a dollar.
- Regulators worldwide are warming up to stablecoins, making them a more accepted part of the global financial system.
- Stablecoins provide an alternative to traditional banking systems for faster, cheaper, and more accessible international transactions.
- Big banks like Bank of America, PayPal, and Stripe are investing in stablecoin platforms and expanding their use for payments.
Cryptonewsz | 10 Mar, 2025
Bajaj Auto To M&M: Why BofA Has Cut Target Prices Of Auto Players
- Bank of America (BofA) has lowered the target prices of auto companies, including Hero MotoCorp, Bajaj Auto, and Tata Motors, due to declining two-wheeler sales and increasing risks from Chinese EV makers.
- Despite reducing the target prices, BofA maintained a 'buy' rating on Mahindra & Mahindra (M&M) with a target price of Rs 3,385, and Bajaj Auto with a target price of Rs 8,900.
- BofA remained 'underperform' on Hyundai with a reduced target price of Rs 1,665, while Maruti Suzuki and Eicher Motors retained a 'buy' rating with target prices of Rs 14,000 and Rs 6,000, respectively.
- The two-wheeler segment in the auto industry is experiencing negative volume growth, primarily due to tighter financing and the impact of subsidies in the past year. BofA also highlighted the growth and challenges in the scooter and premium bike markets.
Bloomberg Quint | 10 Mar, 2025
Tesla shares have declined every week since Elon Musk went to Washington
- Tesla's stock has declined for seven straight weeks since Elon Musk went to Washington, D.C. to join the Trump administration.
- Tesla shares finished the week down more than 10% and at their lowest level since November 5, 2020.
- Wall Street firms, including Bank of America, Baird, and Goldman Sachs, cut their price targets on Tesla due to concerns about falling new vehicle sales and lack of updates from Musk on a 'low-cost model.'
- Investors are also trying to assess how much Musk's politics and work in the White House will pressure Tesla in the long term.
CNBC | 8 Mar, 2025
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Bank of America Subsidiaries
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BofA Securities
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• 1 review
Countrywide Financial
-
• No Reviews
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Bank of America FAQs
When was Bank of America founded?
Bank of America was founded in 1998. The company has been operating for 27 years primarily in the Banking sector.
Where is the Bank of America headquarters located?
Bank of America is headquartered in Hyderabad / Secunderabad, Telangana.
How many employees does Bank of America have in India?
Bank of America currently has more than 23,000+ employees in India. Engineering - Software & QA department appears to have the highest employee count in Bank of America based on the number of reviews submitted on AmbitionBox.
Does Bank of America have good work-life balance?
Bank of America has a work-life balance rating of 4.3 out of 5 based on 3,000+ employee reviews on AmbitionBox. 84% employees rated Bank of America 4 or above on work-life balance. This rating reflects the company's efforts to help employees maintain a healthy balance between their personal and professional lives. We encourage you to read Bank of America work-life balance reviews for more details
Is Bank of America good for career growth?
Career growth at Bank of America is rated as moderate, with a promotions and appraisal rating of 3.4. 16% employees rated Bank of America 3 or below, while 84% employees rated it 4 or above on promotions/appraisal. This rating suggests that while some employees view growth opportunities favorably, there is scope for improvement based on employee feedback. We recommend reading Bank of America promotions/appraisals reviews for more detailed insights.
What are the pros of working in Bank of America?
Working at Bank of America offers several advantages that make it an appealing place for employees. The company is highly rated for job security, work life balance and company culture, based on 3,000+ employee reviews on AmbitionBox.
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