Bank of America
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Bank of America

Banking & Lending

Apt Insight

They offer tremendous scale and strong benefits, though navigating the deep corporate hierarchy can take patience. Headquartered in Charlotte, North Carolina, they operate as one of the largest financial institutions and commercial banks in the world. Their massive footprint spans thousands of financial centers and ATMs alongside an expansive digital banking network. With over 1,500 active job openings, they continue to hire actively across retail, corporate banking, and technology operations.
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About

Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. We provide unmatched convenience in the United States, serving approximately 68 million consumer and small business clients with approximately 3,900 retail financial centers, approximately 15,000 ATMs and award-winning digital banking with approximately 56 million verified digital users. We are 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. Bank of America offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services. We serve clients through operations across the United States, its territories and more than 35 countries. By driving Responsible Growth, we deliver for teammates, clients, and the communities we serve. Being a Great Place to Work for our teammates is core to our approach. Our goal continues to be a company where people want to work today and build a career. We provide employees with access to leading benefits and programs that help teammates be well—physically, emotionally and financially. And we provide a variety of resources to help teammates grow in their roles and build new skills. Our diversity—in thought, style, gender, sexual orientation, gender identity, race, ethnicity, culture, religion, age, ability, military status and experience—makes us stronger and is essential for us to serve our clients, fulfill our purpose and drive Responsible Growth.
Founded1904
HeadquartersCharlotte, US
IndustryBanking & Lending
Websitewww.bankofamerica.com
Employees225.5K

Why people join & leave

Why join
Comprehensive benefits and retirement plansStrong brand recognition on a resumeOpportunities for internal mobility across divisionsHigh diversity and inclusion ratings
Why leave
Frustration with bureaucratic processes and red tapeStrict performance metrics and micromanagementReliance on older legacy systemsSubpar senior management ratings

Company Pulse

In the News

Press Releasesnewsroom.bankofamerica.com · Sep 9, 2026
Bank of America Announces Redemptions of $500,000,000 Floating Rate Senior Notes and $1,500,000,000 5.933% Fixed/Floating Rate Senior Notes, Due September 2027newsroom.bankofamerica.com · Sep 4, 2026
Bank of America Announces Redemptions of CAD425,000,000 Floating Rate Senior Notes and CAD1,000,000,000 1.978% Fixed/Floating Rate Senior Notes, Due September 2027newsroom.bankofamerica.com · Sep 4, 2026
BofA Taps Senior Bankers to Sharpen Focus On ‘AI Ecosystem’ - Bloombergbloomberg.com · Sep 3, 2026
Bank of America Co-President Jim DeMare to Participate in the BofA Securities 31st Annual Financials CEO Conference on September 23newsroom.bankofamerica.com · Sep 1, 2026

Employee Experience

3.9/5
Career Opportunities
3.7
Compensation & Benefits
3.8
Culture & Values
3.9
Diversity & Inclusion
4.2
Senior Management
3.4
Work-Life Balance
3.8

Quick Take

Strengths
Strong CEO approvalCEO Brian Moynihan maintains a high 85 rating among employees.
Generous benefitsCompensation and benefits score a strong 76, backed by solid 401(k) matching and robust PTO.
Watch out
Lagging management ratingSenior leadership ranks lowest among internal sentiment categories with a 68 score.
Note
AI Advisory PushRecently reassigned senior investment bankers to deepen cross-industry client focus on the AI ecosystem.

Things to consider

Bureaucracy and slow processes — Employees frequently report heavy red tape, slow approval chains, and rigid corporate procedures that hinder rapid innovation.
Lower management scores — Senior management ratings trail other categories at 68, with reports of micromanagement and varying leadership quality across business units.

Leadership

BM
Brian MoynihanChair of the Board and Chief Executive Officer

What They Build

They build and maintain enterprise-scale banking, trading, and digital consumer platforms that support tens of millions of active users. Core engineering efforts focus on security, high-volume transaction processing, and automated virtual assistants like Erica. Work spans modern digital banking interfaces as well as large legacy core banking infrastructures.
Digital Banking
Conversational AI
Trading Platforms
Payments Processing
Enterprise Risk Systems
Domains
Cybersecurity
Data Governance
Mobile Engineering
Core Banking Infrastructure
Cloud Architecture
Tech Stack
Erica Virtual Assistant
Mobile Banking Systems
Online Banking Architecture
Enterprise Data Platforms