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Bank of America
4.3
based on 2.8k Reviews
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 2.8k reviews
79% above
industry average
Highly rated for
Job Security, Work-Life Balance, Company Culture
Work Policy
Hybrid
87% employees reported
Monday to Friday
87% employees reported
Flexible timing
66% 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 (26 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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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 Subsidiaries
BA Continuum
4.2
• 1.4k 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 Ratings
based on 2.8k reviews
Overall Rating
4.3/5
How AmbitionBox ratings work?
5
1.7k
4
728
3
235
2
60
1
100
Category Ratings
4.7
Job Security
4.4
Work-Life Balance
4.3
Company Culture
4.0
Work Satisfaction
3.9
Skill Development
3.9
Salary & Benefits
3.5
Promotions/Appraisal
Bank of America is rated 4.3 out of 5 stars on AmbitionBox, based on 2.8k 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 2.7k reviews
4.4
Rated by 893 Women
Rated 4.6 for Job Security and 4.3 for Work-Life Balance
4.3
Rated by 1.8k Men
Rated 4.7 for Job Security and 4.4 for Work-Life Balance
Work Policy at Bank of America
based on 293 reviews in last 6 months
Hybrid
87%
Work from office
10%
Permanent work from home
3%
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 2.8k reviews | 3.9/5 based on 6k reviews | 4.1/5 based on 5.7k reviews | 3.6/5 based on 676 reviews |
Highly Rated for | Job Security Work-Life balance Company culture | Work-Life balance Job Security Company culture | Job Security Company culture Skill development | Salary & Benefits |
Critically Rated for | No critically rated category | Promotion/Appraisals | No critically rated category | Promotion/Appraisals Work Satisfaction Skill development |
Primary Work Policy | Hybrid 87% employees reported | Hybrid 84% employees reported | Hybrid 84% employees reported | Hybrid 85% employees reported |
Rating by Women Employees | 4.4 Good rated by 893 women | 4.0 Good rated by 1.9k women | 4.0 Good rated by 1.9k women | 3.5 Good rated by 203 women |
Rating by Men Employees | 4.3 Good rated by 1.8k men | 3.9 Good rated by 3.9k men | 4.1 Good rated by 3.4k men | 3.7 Good rated by 437 men |
Job Security | 4.7 Excellent | 4.0 Good | 4.2 Good | 3.6 Good |
View more
Bank of America Salaries
3.9
rated by 2.8k employees for salariesTeam 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
Senior Software Engineer
(1.1k salaries)
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₹7 L/yr - ₹28 L/yr
Software Engineer
(1.1k salaries)
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₹6.7 L/yr - ₹28 L/yr
Senior Analyst
(999 salaries)
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₹9.5 L/yr - ₹30 L/yr
Senior Team Member
(986 salaries)
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₹2.1 L/yr - ₹8 L/yr
Team Member
(877 salaries)
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₹1.4 L/yr - ₹4.9 L/yr
Analyst
(801 salaries)
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₹7.7 L/yr - ₹30 L/yr
Assistant Vice President
(533 salaries)
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₹23 L/yr - ₹58 L/yr
Software Engineer2
(436 salaries)
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₹10.8 L/yr - ₹31 L/yr
Bank of America Interview Questions
Interview questions by designation
Top interview questions and answers
Get interview-ready with top interview questions
Interview Process at Bank of America
based on 87 interviews in last 1 year
Interview Experience
4.1
Good
Difficulty level
Easy
22%
Moderate
69%
Hard
9%
People are getting interviews through
based on 140 Bank of America interviews
Job Portal
27%
Campus Placement
23%
Referral
15%
Company Website
6%
*29% candidates got the interview through other sources
High confidence
Bank of America Jobs
Bank of America News
View all
Investors' dwindling cash holdings may be a sign it's time to sell stocks, Bank of America says
- Investors are reducing their cash holdings in pursuit of the stock market rally, leading to concerns about a potential decline.
- Cash allocations have reached a record low, driven by high allocation into US stocks and optimism about Donald Trump's second term and interest rate cuts.
- When cash holdings dip to this level, global stocks typically decline by 2.4% in the following month.
- Bank of America's fund manager survey suggests that the current level of cash holdings could be a 'sell signal' and prompt investors to reduce equity exposure.
Insider | 18 Dec, 2024
The stock market may be on the verge of its Santa Claus rally, but everything depends on the Fed this year, BofA says
- The stock market's Santa Claus rally may depend on the Federal Reserve's actions, according to Bank of America.
- If the Federal Reserve delivers an expected interest rate cut this week, it could kick off the year-end rally.
- Historically, the second half of December has been a strong period for US equities, with the S&P up 83% of the time in December of Presidential election years.
- Investors are watching for November's retail sales data and expect robust consumption given strong real income and wealth growth.
Insider | 17 Dec, 2024
Why the rally in chip stocks could broaden beyond AI in 2025, according to BofA
- AI chip stocks will continue to surge in early 2025 before shifting towards auto and industrial chipmakers.
- Nvidia's new Blackwell GPU and strong demand from cloud customers will drive AI chip stocks in the first half of the year.
- In the second half of 2025, investor interest is expected to shift towards auto and industrial chipmakers due to global economic recovery and increased auto production.
- The analysts predict semiconductors to maintain strong momentum and increase sales by 15% to $725 billion in 2025.
Insider | 17 Dec, 2024
LG eyes $15 billion valuation for India unit IPO: Report
- South Korean company LG Electronics is planning an IPO for its Indian unit.
- LG aims for a valuation of $15 billion, higher than the earlier target of $13 billion.
- Preliminary interest from potential investors has been positive, but the final valuation may be slightly lower.
- LG could raise $1 billion to $1.5 billion through the IPO, managed by Morgan Stanley, JPMorgan, Axis Capital, Bank of America, and Citigroup.
HinduBusinessLine | 16 Dec, 2024
LG Is Said To Eye Up To $15 Billion Valuation For India Unit IPO
- LG Electronics is considering increasing the valuation of its Indian unit to as much as $15 billion in a planned listing in Mumbai next year.
- The company is planning to start a formal roadshow for its IPO within the next two months and is targeting a listing in the first half of 2025.
- LG may ultimately seek a slightly lower valuation for the business based on final demand.
- Morgan Stanley, JPMorgan Chase & Co., Axis Capital Ltd., Bank of America Corp. and Citigroup Inc. will manage the IPO.
Bloomberg Quint | 16 Dec, 2024
Tesla shares climb to record, boosted by 64% pop since Trump election victory
- Tesla shares reached a new all-time high, driven by a post-election rally and increased investor enthusiasm.
- The stock rose to $415, surpassing its previous record, with a market value increase of 66% this year.
- Elon Musk's support for Donald Trump and his new role in the Department of Government Efficiency contribute to Tesla's upward momentum.
- Analysts at Goldman Sachs, Morgan Stanley, and Bank of America have raised their price targets on Tesla.
CNBC | 12 Dec, 2024
Oppenheimer sets Wall Street's highest S&P 500 price target as it eyes 17% upside for stocks in 2025
- Oppenheimer Asset Management has set the highest S&P 500 price target on Wall Street, expecting a climb to 7,100 by the end of next year.
- The firm attributes its bullish outlook to strong fundamentals, increased appetite for equities, and AI-driven efficiency improvements.
- They believe the resilience of the economy and stock market will continue into next year, supported by ongoing rotation into different sectors and recent consumer and job growth data.
- Other firms, including Barclays, Bank of America, and Goldman Sachs, have also expressed positive outlooks, while some analysts have warned of sky-high valuations and a potential bear market.
Insider | 11 Dec, 2024
Job offers galore at engineering colleges from IT companies and GCCs
- Top four IT firms have recorded positive net hiring for the first time in two years.
- Vellore Institute of Technology received 10,458 offers from 409 companies, with GCCs accounting for half of them.
- TCS offered 3,912 offers this year compared to 1,000 last year; Cognizant (850); Infosys (650) and MindTree (540).
- GCCs, including Microsoft, Amazon, PWC, Deloitte, KPMG, Bank of America, and HSBC, offered jobs at VIT.
HinduBusinessLine | 11 Dec, 2024
Bank of America lowers AMD stock rating, citing Nvidia AI dominance and declining PC demand
- Bank of America downgraded AMD stock from Buy to Neutral.
- BofA Securities cited risks including competition in the AI chip market dominated by Nvidia and weakening PC sales.
- Cloud customers are showing a preference for custom chips from Marvell Technology and Broadcom, limiting AMD's potential market share.
- Bank of America analyst lowered AMD stock rating and cut price target due to competitive risks and potential PC market correction.
TechSpot | 10 Dec, 2024
BofA’s CashPro App Hits $1 Trillion Milestone, Spotlighting Treasury’s Digital Evolution
- Bank of America's CashPro App has reached a milestone of $1 trillion in payment approvals by the end of 2024, highlighting the increasing digitalization of treasury management.
- The app has experienced significant growth, with a more than 25% year-over-year increase in payments approved.
- Clients rely on the app for routine payroll as well as high-value transactions, showcasing its versatility and reliability.
- Bank of America plans to further enhance the CashPro App by focusing on security, data intelligence, and personalized experiences, aiming to stay ahead of industry trends.
Pymnts | 10 Dec, 2024
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