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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
Tesco
Secure your future with a company that values your job stability.
Rated 4/5 for Job Security on AmbitionBox
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
791
3
283
2
70
1
120
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 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 963 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 455 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
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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 6.5k 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 92% employees reported | Work from office 86% employees reported | Hybrid 84% employees reported | Hybrid 65% employees reported |
Rating by Women Employees | 4.3 Good rated by 963 women | 3.3 Average rated by 454 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 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 - ₹27.4 L/yr
Senior Team Member
(944 salaries)
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₹2.2 L/yr - ₹8 L/yr
Senior Analyst
(902 salaries)
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₹9.6 L/yr - ₹30.1 L/yr
Senior Software Engineer
(877 salaries)
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₹8 L/yr - ₹29.1 L/yr
Team Member
(863 salaries)
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₹1.6 L/yr - ₹5 L/yr
Analyst
(711 salaries)
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₹7.2 L/yr - ₹30 L/yr
Assistant Vice President
(583 salaries)
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₹22 L/yr - ₹58 L/yr
Software Engineer2
(460 salaries)
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₹10.7 L/yr - ₹31 L/yr
Bank of America Interview Questions
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Bank of America News
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Report: CFPB Drops Lawsuit Against Zelle Operator and Owner Banks
- The CFPB has dropped its lawsuit against the operator and owner banks of Zelle.
- The regulator dismissed the action against Early Warning Services, JPMorgan Chase, Bank of America, and Wells Fargo.
- A Zelle spokesperson welcomed the CFPB's decision, stating that the lawsuit was without merit and legally and factually flawed.
- Zelle reported that American consumers and small businesses transmitted over $1 trillion using the platform in 2024.
Pymnts | 5 Mar, 2025
Peso may sink to P62-per-dollar level this year
- Bank of America (BofA) Global Research predicts that the Philippine Peso could sink to as low as P62 per dollar this year due to a dovish central bank and increased liquidity in the financial system.
- BofA forecasts the local unit to hit P61 against the greenback in the first quarter and fall to P62 in the second and third quarters, with a possible return to P61 in the fourth quarter.
- The Bangko Sentral ng Pilipinas' (BSP) policy stance towards easier financial conditions and recent liquidity injections through reserve requirement ratio (RRR) cuts are considered negative factors for the peso.
- The widening current account deficit and US dollar demand also contribute to the weakening of the peso.
Bworldonline | 4 Mar, 2025
Sustainable Finance Awards 2025: North America
- Sustainable bond issuance volume in North America for 2024 was $124 billion, with the US accounting for approximately 80% of issuance.
- The new administration of President Donald Trump pulled the US out of the Paris Agreement in January 2025, impacting climate policies.
- Moody’s Ratings expects sustainable bond issuance in North America to be impacted by the US climate agenda changes but not collapse.
- Bank of America (BofA) was recognized as the Best Bank for Sustainable Finance and Best Impact Investing Solution for its projects supporting sustainable finance.
- SMBC won Sustainable Finance Deal of the Year and Best Bank for ESG-Related Loans for its involvement in Dow Chemical Company's green bond issuance.
- Scotiabank received multiple honors, including Best Bank for Sustainable Infrastructure/Project Finance, Best Bank for Social Bonds, and Best Bank for Sustainability Transparency.
- CIBC was awarded Best Bank for Green Bonds and Best Bank for Sustaining Communities for its green finance initiatives and community support efforts.
- These banks played key roles in various sustainable finance categories, contributing to the development and growth of sustainable finance in North America.
- Bank of America, SMBC, Scotiabank, and CIBC were among the top winners at the Sustainable Finance Awards 2025 in North America.
- Their efforts in sustainable finance, impact investing, green bonds, social bonds, and community support were highlighted and praised in the awards.
Global Finance Magazine | 4 Mar, 2025
Stock Recommendations Today: Titan, Info Edge, Zinka Logistics, Havells India On Brokerages' Radar
- Stock recommendations for Titan, Info Edge, Zinka Logistics, and Havells India are highlighted by brokerages on Tuesday.
- JPMorgan emphasized the importance of demand revival for the paint sector's performance and noted a stabilizing margin outlook.
- Macquarie retained an 'outperform' rating on Titan but lowered the target price, addressing investor concerns.
- Macquarie also maintained an 'underperform' rating on Info Edge and raised the target price due to valuation concerns.
- JPMorgan highlighted the positive factors influencing the paint sector's performance in the market.
- Morgan Stanley maintained an 'equal-weight' rating on Zinka Logistics with a target price, despite potential delays.
- BofA retained an 'underperform' rating on Havells India and adjusted the target price, considering market dynamics.
- Jefferies' Indian Strategy focused on government measures to boost consumption and savings in the market.
- Morgan Stanley's analysis of Can Fin Homes highlighted key takeaways from management meetings and growth projections.
- Analysts are closely monitoring various stocks and sectors to provide insights on market movements.
Bloomberg Quint | 4 Mar, 2025
2 stocks could revive the AI trade this week after Nvidia earnings failed to generate fresh excitement
- Nvidia's post-earnings drop has dampened AI rally hopes, but two firms, Broadcom and Marvell, could generate fresh excitement in the trade.
- Bank of America analyst Vivek Arya believes that the upcoming earnings reports of Broadcom and Marvell Technologies have the potential to 're-energize interest' in semiconductor names.
- Arya expects both companies to beat analyst earnings estimates and raise their full-year guidance, driven by high capital expenditure commitments from cloud companies and the growing demand for AI-related hardware.
- Broadcom and Marvell are rated as 'Buy' with price targets of $250 and $150, respectively.
Insider | 4 Mar, 2025
Appetite For Alternative Assets Grows In Private Banking
- Wealthy investors are increasingly seeking alternatives beyond stocks and bonds offered by public markets, leading private banks to expand their offerings.
- Private banks like Bank of America are witnessing a rise in demand for alternative assets, with a recommended allocation of around 25% for clients.
- High-net-worth investors are under-allocated in alternative assets compared to institutional investors, but their interest in diversification is growing.
- Alternative assets under management are forecasted to increase significantly by 2029, with private equity and credit being the hottest markets.
- Large asset management firms are introducing funds with lower fees, smaller investment minimums, and increased transparency to attract investors to alternative investments.
- Private banks are creating separate entities to aid investors in navigating private markets, catering to the demand for alternative assets.
- Asia, along with North America and Europe, is witnessing a surge in demand for alternative assets, emphasizing the need for skilled professionals in this space.
- Private banks play a crucial role in aiding clients to smoothly transition into alternative assets, requiring enhanced due diligence and monitoring processes.
- There is a shift in private banking towards investments in technology and talent to manage the growth in alternative asset markets effectively.
- Private markets offer a wider return dispersion, making manager selection critical and necessitating thorough due diligence in private investments.
Global Finance Magazine | 3 Mar, 2025
XRP price to $18K? — One crypto ‘research’ group says it’s possible
- Cryptocurrency valuations often spark extreme predictions, exemplified by the XRP community speculating a price surge to $18,000.
- This optimism echoes the fervor that surrounded Bitcoin's unexpected rise to $100,000 post-2018.
- XRP hit new highs after President Trump's election victory and amidst an ongoing SEC case against Ripple.
- Predictions like XRP reaching $1000 or $18,000 have become prevalent on social media.
- Valhill Capital published a white paper proposing a $18,000 XRP price target based on various valuation models.
- The analysis assumed Ripple dominating global transactions and tokenizing wealth over the next decade.
- As of 2025, there's no confirmed adoption of XRP by US banks for transactions, contradicting some viral claims.
- Claims of XRP integration by big banks like Bank of America and Wells Fargo have lacked substantial evidence.
- Despite favorable XRP price performance, doubts persist regarding its projected global adoption and valuation goals.
- The likelihood of XRP attaining a price of $18,036 by 2030 is considered highly improbable, based on current realities.
Coin Telegraph | 2 Mar, 2025
XRP price to $18K? — One crypto ‘research’ group says it’s possible
- The XRP community is optimistic about the coin's valuation, with some speculating a price target of $18,000.
- A research report by Valhill Capital proposed a valuation model predicting an $18,000 price for XRP based on future global adoption.
- The model assumes Ripple's dominance in global transactions, generating fees on the XRP Ledger and tokenizing global wealth.
- As of February 2025, there is no official confirmation of XRP's full integration into any US bank for payments.
- While there are claims of XRP usage by banks like Bank of America, inconsistencies raise doubts about the extent of adoption.
- Speculations around XRP's potential to revolutionize payment systems are met with skepticism due to lack of concrete evidence.
- Despite positive price performance, XRP's path to becoming a global cash flow value pipeline remains uncertain.
- Various spot XRP ETF filings indicate potential upside, but achieving the $18,000 price target by 2030 seems unlikely.
- Investors are advised to conduct thorough research and consider risks before making any investment or trading decisions.
Coin Telegraph | 1 Mar, 2025
XRP price to $18K? — One crypto ‘research’ group says it’s possible
- A research report predicts an $18,000 price target for XRP based on future global adoption and token utility.
- The report utilized the Discounted Cash Flow approach, assuming Ripple's dominance in global transactions in the next decade.
- The model projects a price of $18,036 per XRP based on various economic factors and assumptions.
- As of 2025, there is no official confirmation of XRP's full integration into the US banking system.
- Speculative claims about XRP's adoption by banks like Bank of America and Wells Fargo lack concrete evidence.
- While XRP price has shown growth, it is far from reaching the projected $18,036 valuation by 2030.
- Multiple spot XRP ETFs filed by fund managers hint at potential upside for XRP in the future.
- Investors are warned that all investment moves carry risks and should be based on personal research.
Coin Telegraph | 1 Mar, 2025
XRP price to $18K? — One crypto ‘research’ group says it’s possible
- The speculative nature of cryptocurrencies allows for extreme valuation predictions, such as the recent forecast of XRP potentially reaching $18,000.
- An analysis by Valhill Capital outlined a scenario where XRP could be valued at $18,036 based on various factors like token utility and global adoption.
- The analysis assumed Ripple dominating global transactions, tokenizing wealth, and replacing traditional systems like SWIFT.
- While the model paints an optimistic picture, as of 2025, there is no concrete evidence of XRP being fully integrated into the US banking system.
- RippleNet has ties with some US banks like JPMorgan Chase and Bank of America, but full adoption by major institutions remains unconfirmed.
- Despite rumors of banks like Bank of America using RippleNet and XRP extensively, factual inconsistencies and doubts persist.
- Claims of XRP's significant role at Wells Fargo for settlements were refuted by a bank employee, highlighting the speculative nature of such reports.
- While XRP's price has shown growth, achieving the projected $18,036 valuation by 2030 seems highly improbable based on current adoption levels.
- The article emphasizes that this analysis does not provide investment advice and underscores the risks associated with cryptocurrency investments.
Coin Telegraph | 1 Mar, 2025
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Bank of America Subsidiaries
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Countrywide Financial
-
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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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