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Bank of America
4.3
based on 3k 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 3k reviews
13% above
industry average
Highly rated for
Job security, Work-life balance, Company culture
Work Policy
Hybrid
92% 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 3k reviews
Overall Rating
4.3/5
How AmbitionBox ratings work?
5
1.8k
4
775
3
273
2
68
1
116
Category Ratings
4.6
Job security
4.4
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 3k 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 952 Women
Rated 4.6 for Job security and 4.3 for Work-life balance
4.3
Rated by 1.9k Men
Rated 4.6 for Job security and 4.4 for Work-life balance
Work Policy at Bank of America
based on 422 reviews in last 6 months
Hybrid
92%
Work from office
7%
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 3k reviews | 3.5/5 based on 1.2k reviews | 3.9/5 based on 6.4k reviews | 4.0/5 based on 6.1k 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 92% employees reported | Work from office 85% employees reported | Hybrid 85% employees reported | Hybrid 67% employees reported |
Rating by Women Employees | 4.3 Good rated by 952 women | 3.3 Average rated by 450 women | 4.0 Good rated by 2k women | 3.9 Good rated by 2.1k women |
Rating by Men Employees | 4.3 Good rated by 1.9k men | 3.7 Good rated by 675 men | 3.8 Good rated by 4.2k men | 4.0 Good rated by 3.7k 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 3k 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 - ₹27.2 L/yr
Senior Software Engineer
(986 salaries)
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₹7.5 L/yr - ₹28.6 L/yr
Senior Team Member
(943 salaries)
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₹2.2 L/yr - ₹8 L/yr
Senior Analyst
(880 salaries)
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₹9.8 L/yr - ₹30 L/yr
Team Member
(861 salaries)
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₹2 L/yr - ₹5.4 L/yr
Analyst
(703 salaries)
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₹8.5 L/yr - ₹30 L/yr
Assistant Vice President
(574 salaries)
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₹22 L/yr - ₹59 L/yr
Software Engineer2
(451 salaries)
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₹10.6 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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XRP Price Surges as ETF Speculation and Political Support Grow
- The U.S. Securities and Exchange Commission (SEC) is set to rule on Grayscale’s proposed XRP exchange-traded fund (ETF) by October, sparking renewed interest in the asset.
- XRP's resurgence is driven by the 'Trump trade' and growing institutional adoption, with Bank of America rumored to be leveraging.
- The SEC's evolving regulatory stance raises hopes that the long-standing lawsuit against Ripple could conclude in 2025.
- XRP's ability to maintain its momentum will ultimately hinge on continued adoption, regulatory clarity, and its role in financial infrastructure.
TronWeekly | 21 Feb, 2025
Stock investors may be overlooking this key bullish theme
- Bank of America predicts that deregulation will provide a new boost to the stock market.
- Investors should focus on consumer discretionary and financial sectors as key beneficiaries of deregulation.
- Deregulation is considered the last bullish theme from President Trump's policies yet to be priced into the stock market.
- Financial stocks are expected to perform well, while technology stocks may see a relative de-rating.
Insider | 21 Feb, 2025
Bank of America says tariffs could raise iPhone prices by nearly 10%
- Bank of America estimates that tariffs could cause iPhone prices to rise nearly 10%.
- Apple has previously earned exemptions from tariffs and tried to mitigate their impact by shifting manufacturing locations.
- However, Bank of America believes that this time Apple will face a minimum of a 10% tariff.
Appleinsider | 20 Feb, 2025
Everyday investors and big institutions are divided on the future of the stock market
- Fund managers surveyed by Bank of America are increasingly bullish, with risk appetite at a 15-year high and cash levels at their lowest since 2010.
- In contrast, everyday investors expressed bearish sentiment in a recent survey, with 47.3% expressing a negative outlook for the next six months.
- Big institutions are particularly optimistic about international markets, while 89% of respondents see US equities as overvalued.
- Trade war concerns remain among fund managers, but generally global recession expectations are low and 77% anticipate US interest rate cuts this year.
Insider | 19 Feb, 2025
LG Electronics Kicks Off Roadshows For $1.5 Billion IPO
- LG Electronics Inc. has started roadshows to meet potential investors in the initial public offering of its Indian unit.
- LG plans a Mumbai IPO this year, with an expected fundraising amount of $1 billion to $1.5 billion, valuing LG India at as much as $15 billion.
- Hyundai Motor Co. listed its Indian unit last year, raising $3.3 billion, making it the largest IPO ever in India.
- LG plans to sell as many as 101.82 million shares, and the IPO will be managed by Axis Capital Ltd., Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co., and Morgan Stanley.
Bloomberg Quint | 18 Feb, 2025
Market Reversal Soon? Morgan Stanley, BofA Are Divided
- Continued earnings downgrade, US policy uncertainty, moderating capex, weak foreign institutional flows, and rich valuations are key risks for the market.
- Indian stocks have faced challenges with companies losing nearly $1.2 trillion in market cap, and inflows via global funds are not expected to drive a revival.
- Benchmark indexes NSE Nifty 50 and BSE Sensex have experienced significant falls, with domestic funds sustaining the market as foreign investors offload stocks.
- Retail investors in small-cap stocks are facing losses, with conflicting views from top brokerages on the market outlook.
- Morgan Stanley sees potential market recovery with India's recent policy changes fostering growth, while Bank of America predicts a weak market due to global and domestic challenges.
- Foreign institutional flows are expected to remain weak due to various factors, with rising domestic allocations supporting the market amidst global uncertainties.
- FII selling levels are high, but the 2021–2022 period indicates further room for selling, with liquidity and confidence in growth being essential for share prices.
- Global funds' ownership of Indian equities is at multi-year lows, with concerns over US bond yields, rupee depreciation, and consumption-oriented budget proposals impacting sentiment.
- Analysts highlight the importance of liquidity over flows in determining share prices, emphasizing the role of confidence in growth and macro stability as the source of liquidity.
- Despite market challenges and uncertainties, domestic funds and retail investors are pivotal in sustaining market stability amid the ongoing global and domestic headwinds.
Bloomberg Quint | 18 Feb, 2025
Warren Buffett's Berkshire Hathaway slashed its Bank of America stake and dumped bank stocks last quarter
- Warren Buffett's Berkshire Hathaway reduced its Bank of America stake and sold off bank stocks last quarter.
- Berkshire Hathaway exited two S&P 500 funds and added only one new stock, Constellation Brands.
- Buffett's investment managers cut positions in Citigroup, Capital One, and Nu Holdings, among others.
- Berkshire's cash pile increased to over $300 billion, as Buffett struggled to find compelling deals in a buoyant market.
Insider | 17 Feb, 2025
Why Is The US Stock Market Closed Today?
- Trading activities in the US stock market including the New York Stock Exchange and the Nasdaq Stock Market will remain suspended on Feb. 17.
- Presidents' Day is celebrated to honour the contributions and leadership of U.S. presidents, particularly George Washington, the first president, and Abraham Lincoln, who served as the 16th president of the country.
- Presidents' Day is celebrated annually on the third Monday of February, to honour the contributions of former US presidents George Washington and Abraham Lincoln.
- Various US banks including Capital One, Bank of America, Wells Fargo, PNC, Chase, Truist and CitiBank, among others will remain closed on Feb.17.
Bloomberg Quint | 17 Feb, 2025
Nifty's Target Cut As BofA Sees No Respite In Rest Of 2025 Despite $1.2 Trillion Rout
- India's benchmark indices are expected to remain weak in the rest of the year, as global and domestic headwinds continue to weigh the market, according to Bank of America.
- The brokerage cut the target for the key gauge NSE Nifty 50 to 25,000 for December 2025 from 26,500 earlier, implying a 9.5% upside from the previous close.
- The correction is playing out as expected, and 2025 is expected to stay weak, analysts at BofA said.
- India stocks' overall market cap has plunged nearly $1.2 trillion since its peak last year to $3.99 trillion, according to Bloomberg data.
Bloomberg Quint | 17 Feb, 2025
Stock Recommendations Today: M&M, Samvardhana Motherson, Indus Towers, Afcons On Brokerages' Radar
- Analysts have recommended buying M&M, Samvardhana Motherson, Indus Towers, and Afcons Infrastructure Ltd. on Monday.
- Nomura Research initiated a 'buy' rating on Afcons Infrastructure Ltd. with a target price of Rs 561 per share.
- Bank of America forecasts a weak 2025 for the Indian market due to short-term risks from reciprocal tariffs.
- Morgan Stanley sees positive implications for the steel industry from discussions on imposing anti-dumping and safeguard duties.
- Mahindra & Mahindra reported significant bookings for battery electric vehicles and is expected to show strong growth in 2025.
- BofA anticipates single-digit returns for the Nifty in 2025 with high volatility and various risks.
- Jefferies maintained a 'buy' rating on Amber Enterprises and IIFL Finance, with expectations for growth in their respective sectors.
- Citi retained a 'buy' rating on Indus Towers, projecting positive growth and strong free cash flow generation.
- Nomura provided insights on India-US trade dynamics and expectations for energy imports and trade balance.
- HSBC upgraded SBI Cards to 'buy' and Gujarat Pipavav to 'hold', citing positive trends in credit card issuance and container cargo performance.
Bloomberg Quint | 17 Feb, 2025
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Bank of America Subsidiaries
BA Continuum
4.2
• 1.5k reviews
Bank of America Securities
4.3
• 35 reviews
BofA Securities
4.1
• 10 reviews
Countrywide Home Loans
5.0
• 1 review
Countrywide Financial
-
• No Reviews
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Bank of America Offices
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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 4.4 out of 5 based on 3,000+ employee reviews on AmbitionBox. 85% 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. 15% employees rated Bank of America 3 or below, while 85% 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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