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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
0
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
91% 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
783
3
281
2
69
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 959 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 446 reviews in last 6 months
Hybrid
91%
Work from office
7%
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 | 4.3/5 based on 3k reviews | 3.5/5 based on 1.2k reviews | 3.8/5 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 91% employees reported | Work from office 85% employees reported | Hybrid 84% employees reported | Hybrid 66% employees reported |
Rating by Women Employees | 4.3 Good rated by 959 women | 3.3 Average rated by 455 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
(942 salaries)
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₹2.2 L/yr - ₹8 L/yr
Senior Analyst
(880 salaries)
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₹10 L/yr - ₹30 L/yr
Senior Software Engineer
(878 salaries)
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₹7.9 L/yr - ₹29.1 L/yr
Team Member
(864 salaries)
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₹1.6 L/yr - ₹5 L/yr
Analyst
(719 salaries)
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₹8.9 L/yr - ₹30 L/yr
Assistant Vice President
(582 salaries)
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₹22.4 L/yr - ₹60 L/yr
Software Engineer2
(462 salaries)
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₹10.8 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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Apple Card partner Goldman Sachs drops DEI section from annual filing
- Apple Card partner Goldman Sachs has removed the “diversity and inclusion” (DEI) section from its annual filing, following President Trump's executive order to dismantle DEI policies.
- Goldman Sachs, Citigroup, and Bank of America have been scaling back their DEI initiatives.
- President Trump has urged Apple to eliminate its DEI policies after shareholders voted to keep them.
- Some argue that forced diversity may lead to tokenism and potentially overlook the most qualified candidates.
Macdailynews | 1 Mar, 2025
Goldman Sachs scales back diversity goals amid policy shifts
- Goldman Sachs has removed diversity and inclusion targets from its annual filing.
- The bank scrapped goals for Black employees and women in leadership roles.
- This change is a response to recent political and legal developments, including an executive order by Donald Trump.
- Other financial institutions, such as Citigroup and Bank of America, have also scaled back their diversity initiatives.
HRKatha | 28 Feb, 2025
Crypto News: Bank of America to Launch USD-Pegged Crypto Stablecoin
- Bank of America is set to launch its USD-pegged crypto stablecoin, signaling its entry into the cryptocurrency market.
- The stablecoin will be backed by the U.S. dollar, offering stability and trust in the digital asset.
- The launch is dependent on favorable regulatory conditions, and Bank of America is committed to proceeding once legal clarity on stablecoin issuance is provided.
- The move signifies the growing acceptance of stablecoins in the financial sector and may contribute to mainstream adoption.
Cryptoticker | 28 Feb, 2025
TradFi stablecoins will find it hard to win market share — Bitwise CIO
- Stablecoins issued by traditional financial institutions may face challenges in gaining market adoption.
- Bank of America announced stablecoin plans, which triggered mixed reactions from the community, with some viewing it as a new form of central bank digital currencies (CBDC).
- Community concerns over the potential implications for Tether, the largest stablecoin by market capitalization, amid the Bank of America stablecoin news.
- Tether CEO describes the new legal stablecoin developments in the US as troubling, suggesting that they are designed to kill competition in the stablecoin market.
Coin Telegraph | 28 Feb, 2025
Bank of America CEO Confirms Plans for USD-Pegged Stablecoin If Regulations Permit
- Bank of America CEO, Brian Moynihan, confirms plans to introduce a USD-pegged stablecoin, subject to regulatory approval.
- The bank recognizes the stability and transactional benefits of stablecoins similar to money market funds and traditional banking.
- Potential US stablecoin legislation could enable major banks, including Bank of America, to issue their own digital assets.
- Bank of America is heavily invested in digital technology and is focused on digital banking initiatives, with a significant amount dedicated to innovative efforts.
TronWeekly | 27 Feb, 2025
Bank of America CEO Explores Stablecoin Opportunities—Is Crypto Adoption Next?
- Bank of America CEO Brian Moynihan announced the bank’s readiness to launch its own stablecoin, contingent upon favorable U.S. legislation.
- Bank of America envisions a fully dollar-backed digital asset, similar to a money market fund or traditional bank account.
- Current legislative efforts aim to create a clear regulatory framework for stablecoin issuance, supporting Bank of America's potential entry into the market.
- The growing integration of traditional banking with digital currencies marks a pivotal shift in the financial industry, providing potential for greater consumer trust and adoption.
Crypto-News-Flash | 27 Feb, 2025
Bank Of America Will Likely Issue Its Very Own Stablecoin If Regulations Allow, Says CEO
- Bank of America hints at plans to launch its own USD-backed stablecoin if regulations allow.
- Bank of America would become the first major bank to embrace digital currencies for payments and transfers.
- Bank CEO Brian Moynihan referred to the stablecoin as 'Bank of America Coin' and mentioned it would be linked to customer deposit accounts.
- The banking system is expected to heavily participate in stablecoin transactions if legislation is enacted.
Zycrypto | 27 Feb, 2025
Bank of America Reveals Plans to Launch USD Stablecoin
- Bank of America (BofA) plans to launch its USD stablecoin.
- CEO Brian Moynihan highlights the imminent rise of stablecoins and their potential to go mainstream.
- BofA may introduce a stablecoin tied to U.S. dollar deposit accounts, awaiting legalization of stablecoins by the U.S. government.
- BofA faces competition from established stablecoin issuers such as Tether (USDT) and USD Coin (USDC).
TheCryptoBasic | 26 Feb, 2025
BofA CEO: Over-Regulation Bars Customers From Banking System
- Bank of America (BofA) CEO Brian Moynihan said it is over-regulation of banks and not political bias that is causing customers to be barred from the banking system.
- Moynihan stated that interpretations of anti-money laundering regulations, such as the Bank Secrecy Act and know your customer (KYC) rules, put a burden on the banking system and force the closure of customer accounts.
- Both Bank of America and JPMorgan Chase have denied restricting customers based on their politics, and Moynihan attributed the issue to the need for clearer and more comprehensive regulatory frameworks.
- The lack of clarity and overlapping regulations make it difficult for financial institutions to take on high-risk clients, leading to customer account closures.
Pymnts | 26 Feb, 2025
Wall Street eyes 'growing pains' in Nvidia earnings but all eyes are on a bullish 2nd half for its next-gen chip
- Nvidia is set to report its fourth-quarter earnings and investors are watching for the impact of DeepSeek on GPU sales.
- Most analysts expect Nvidia to beat earnings estimates and potentially raise guidance.
- Mizuho anticipates some 'growing pains', but expects a strong Blackwell ramp to make up for any lost revenues in the first half of the year.
- Bank of America expects Nvidia to beat estimates, as spending intentions remain unchanged for large customers, and identifies the GTC conference as the next catalyst.
Insider | 26 Feb, 2025
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Bank of America Subsidiaries
BA Continuum
4.1
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Bank of America Securities
4.3
• 35 reviews
BofA Securities
4.1
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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 4.3 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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