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Bank of America
4.2
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
4.2/5
based on 3.1k reviews
11% above
industry average
Highly rated for
Job security, Work-life balance, Company culture
Critically rated for
Promotions
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 3.1k reviews
Overall Rating
4.2/5
How AmbitionBox ratings work?
5
1.8k
4
814
3
295
2
76
1
129
Category Ratings
4.6
Job security
4.3
Work-life balance
4.2
Company culture
3.8
Salary
3.8
Skill development
3.8
Work satisfaction
3.3
Promotions
Bank of America is rated 4.2 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 3k reviews
4.3
Rated by 995 Women
Rated 4.5 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 520 reviews in last 6 months
Hybrid
92%
Work from office
6%
Permanent work from home
2%
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 | 4.2/5 based on 3.1k reviews | 4.0/5 based on 39k reviews | 3.9/5 based on 40.7k reviews | 4.2/5 based on 11.8k reviews |
Highly Rated for | Job security Work-life balance Company culture | Job security Skill development Company culture | Job security Skill development | Skill development Work-life balance Salary |
Critically Rated for | Promotions | No critically rated category | Promotions | No critically rated category |
Primary Work Policy | Hybrid 92% employees reported | Work from office 91% employees reported | Work from office 84% employees reported | Work from office 87% employees reported |
Rating by Women Employees | 4.3 Good rated by 995 women | 3.9 Good rated by 10.3k women | 3.7 Good rated by 8.6k women | 4.2 Good rated by 1.3k women |
Rating by Men Employees | 4.2 Good rated by 2k men | 4.0 Good rated by 26.9k men | 3.9 Good rated by 30.1k men | 4.2 Good rated by 10k men |
Job security | 4.6 Excellent | 4.1 Good | 4.0 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 - ₹17.5 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 - ₹27.3 L/yr
Team Member
(926 salaries)
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₹1.8 L/yr - ₹5 L/yr
Senior Team Member
(905 salaries)
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₹2.2 L/yr - ₹9 L/yr
Senior Software Engineer
(879 salaries)
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₹8 L/yr - ₹30 L/yr
Senior Analyst
(858 salaries)
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₹11.8 L/yr - ₹31.2 L/yr
Analyst
(722 salaries)
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₹7 L/yr - ₹30 L/yr
Assistant Vice President
(600 salaries)
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₹22.2 L/yr - ₹59 L/yr
Software Engineer2
(470 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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US Dollar at Risk as Trump’s Tariff Plans Loom, Bank of America Analysts Warn
- Bank of America analysts warn that the US dollar is at risk as President Trump's tariff plans loom.
- Comprehensive tariffs could harm the US dollar, causing uncertainty and weakening the currency.
- Concerns about a potential economic slowdown in the US add to worries about the dollar's strength.
- Trump's recent tariff on imported cars has raised global concerns about disruption in the global supply chains.
Coindoo | 30 Mar, 2025
Why an analyst sees the record-setting gold rally headed for a 38% crash in coming years
- Analyst Jon Mills from Morningstar predicts a potential 38% decline in gold prices from the current record highs to $1,820 per ounce in the coming years.
- Gold, favored by investors seeking safe-haven assets amid policy chaos, has reached an all-time high of around $3,080 per ounce.
- Factors like geopolitical uncertainty, economic outlook challenges, and inflation expectations have driven the surge in gold prices.
- However, increasing gold supply due to profitable mining operations and higher recycling rates is predicted to put downward pressure on prices.
- Central banks and investors have shown interest in buying gold to diversify reserves, but signs suggest a potential decrease in demand over time.
- Mills highlights that economic concerns, which temporarily boost gold prices, can quickly reverse, impacting long-term demand trends.
- Gold industry indicators, including high M&A activity and the proliferation of gold-based funds, hint at a nearing peak in prices.
- Many Wall Street forecasts anticipate continued gold price increases, with Bank of America and Goldman Sachs raising their price targets.
Insider | 29 Mar, 2025
Why May 15 is a key date to watch for Nvidia stock
- Nvidia investors are advised to watch the key date of May 15, when new AI chip rules will be rolled out.
- Bank of America believes that the day, known as 'Liberation Day', could be a catalyst for Nvidia stock amid wider geopolitical concerns.
- The US government's AI Diffusion Rule could potentially have a negative impact on some sales of Nvidia's chips, but recovery is expected once the impact is reflected in the stock.
- Bank of America reinstates its 'Buy' rating on Nvidia with a price target of $200 a share, implying a 75% upside from current levels.
Insider | 27 Mar, 2025
From Chatbots to Virtual Agents
- In 2017, top US banks announced the implementation of chatbots and virtual assistants for the first time.
- Chatbots evolved to offer personal, one-to-one conversations and solutions to customer problems.
- They range from simple button-based programs to AI-powered tools capable of complex tasks.
- Chatbots can access customer data, provide tailored assistance, financial advice, and detect suspicious transactions.
- Virtual assistants, distinct from chatbots, are designed using advanced AI tools for dynamic interactions.
- AI-powered virtual assistants offer 24x7 support, automate tasks, handle inquiries, and provide customized guidance.
- They can offer personalized banking experiences, leverage voice technology, and ensure better security features.
- Notable chatbots and virtual assistants include Ceba, Citi Bot SG, TD Clari, Eno, Erica, Eva, iPal, Chase Digital Assistant, and NOMI.
- Future chatbots may offer advanced financial assistance, generate reports, and analyze user intent for personalized offers.
- Virtual agents, incorporating NLP and ML, aim to enhance user experience, provide real-time location-based services, and offer voice recognition capabilities.
Banking Frontiers | 27 Mar, 2025
Here's how far stocks could drop if a full-blown recession strikes
- Bank of America strategists predict that the S&P 500 could experience a 12% drop if a recession occurs.
- The bank sees the S&P 500 potentially dropping to as low as 5,000 in a bear case scenario, implying a 12% decline from current levels.
- However, Bank of America's base case is for stocks to end the year higher, with the benchmark index trading between 5,885 and 6,175, implying up to a 7% upside.
- Fears of a recession have been escalating on Wall Street as markets react to weakening economic data and concerns over the impact of tariffs.
Insider | 27 Mar, 2025
Share Market Highlights: Sensex, Nifty snap 7-day rally, fall nearly 1% on profit-booking
- The Sensex and Nifty ended a 7-day rally by falling nearly 1% due to profit-booking, with banking & IT stocks leading the decline.
- FII activity remained strong, with net buying of ₹5,371.57 crore reported on Tuesday.
- Global markets saw mixed trends, with US markets closing higher.
- Experts attribute the selling pressure to US tariff concerns.
- Nifty Bank futures indicate a potential rally to 52,500, with support at 51,500 and resistance at 52,800.
- Maruti Suzuki plans to invest $864 million in a new Haryana plant to boost capacity to 750,000 units by 2029.
- Zomato and Swiggy stocks saw a drop after a downgrade from BofA, with analysts predicting challenges in the quick commerce sector.
- Nuvama on Laxmi Dental initiated a 'Buy' on the company with a target price of Rs 570 per share.
- Gold prices are expected to rise in FY26 due to factors like potential Fed rate cuts, geopolitical tensions, and Trump's tariff threats.
- Sectors to watch include power, capital goods, selective metals, and infrastructure stocks.
- The RBI could initiate a repo rate cut in April 2025, with expectations of at least a 0.75% rate cut over time.
HinduBusinessLine | 26 Mar, 2025
Swiggy, Zomato Get Target Price Cuts, Downgrades From BofA As Turf Gets Tougher
- Zomato and Swiggy have received target price cuts and downgrades from BofA.
- Zomato's target price has been lowered to Rs 250 from Rs 300, while Swiggy's target price has been reduced to Rs 325 from Rs 420.
- BofA finds Zomato better placed with scale and first-mover advantage in quick-commerce.
- The competition in the quick-commerce market is expected to remain high, resulting in higher losses and increased marketing spending.
Bloomberg Quint | 26 Mar, 2025
The stagflation playbook: Where BofA says to invest in a potential worse-than-recession scenario
- Bank of America has identified a few areas in the market where investors can take refuge in the event of stagflation, a scenario worse than a traditional recession.
- The best-performing sectors during stagflationary periods, according to BofA, include communication services, utilities, energy, consumer staples, and healthcare.
- Real estate and financials also slightly outperformed the S&P 500 during stagflationary periods.
- Stagflation concerns have been increasing, with 71% of fund managers surveyed by Bank of America expecting stagflation to hit the global economy within the next 12 months.
Insider | 24 Mar, 2025
These 7 Big Financial Technology Companies Expect Bitcoin’s Price to Melt Up
- BTC's price surged to $109,000 in Jan. 2025, then dropped below $77,000.
- Polymarket bet placed odds on BTC reaching $110,000 in 2025 and a 68% chance of hitting $70,000.
- Leading financial tech companies project Bitcoin's market cap to rise, expecting a melt up through 2030.
- Standard Chartered foresees Bitcoin hitting $200,000 in 2025 and $500,000 by 2029.
- Bank of America plans to adopt Bitcoin pending regulatory approval, seeing it as revolutionary for finance.
- Morgan Stanley aims to offer crypto payment rails pending regulatory clearance and monitors the SEC for crypto regulations.
- Block's CEO Jack Dorsey predicts a $1 million Bitcoin price by 2030, expecting a significant price surge.
- Coinbase's CEO expects Bitcoin to surpass gold's market cap and reach multi-million dollar valuation.
- BlackRock anticipates Bitcoin's price potentially reaching $700,000 amid currency debasement concerns.
- Ark Invest forecasts Bitcoin to hit $1.5 million by 2030, with CEO Cathie Wood emphasizing the asset's health during consolidation.
Cryptopotato | 23 Mar, 2025
FFIEC Says $2.62T Deposits at JPMorgan Chase, Wells Fargo, and Bank of America Are Uninsured
- The Federal Financial Institutions Examination Council (FFIEC) states that $2.62T deposits at JPMorgan Chase, Wells Fargo, and Bank of America are uninsured, putting businesses, households, retirees, and many others at great risk in the event of a bank failure.
- Uninsured deposits grew by $126.6B, totaling ~$2.62T, which is significant compared to the $43.7B growth in insured deposits.
- The FDIC promises that deposits up to $250,000 will always be covered; however, if the FDIC fails to cover a similar incident, it could have a much larger and longer-lasting impact on the economy.
- The Trump administration's active promotion of cryptocurrencies is seen as a way to address the risks and gaps in the centralized financial system, providing an alternative to the traditional banking systems.
Bitcoinsensus | 23 Mar, 2025
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Bank of America Subsidiaries
BA Continuum
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Bank of America Securities
4.2
• 39 reviews
BofA Securities
4.1
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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 4.3 out of 5 based on 3,100+ 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 3.3. 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 and cons of working in Bank of America?
Working at Bank of America comes with several advantages and disadvantages. It is highly rated for job security, work life balance and company culture. However, it is poorly rated for promotions / appraisal, based on 3,100+ employee reviews on AmbitionBox.
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