Bank of America Coronavirus Resource Center, How we help people, companies and institutions realize their financial goals. Hi, my name is Jamie Willis, and I have been helping students find their perfect internships and education paths for the last ten years. We know that supporting the physical, financial and emotional wellbeing of our employees in their personal life also supports them in their work life so they can be the best at work and at home. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates. It was formed through NationsBanks acquisition of BankAmerica in 1998. The pay that you can earn at Bank of America is highly competitive. The company offers a variety of perks depending on the position that you are in. The Salary Can Vary: Also, if you opt out of online behavioral advertising, you may still see ads when you sign in to your account, for example through Online Banking or MyMerrill. This information may be used to deliver advertising on our Sites and offline (for example, by phone, email and direct mail) that's customized to meet specific interests you may have. This information may be used to deliver advertising on our Sites and offline (for example, by phone, email and direct mail) that's customized to meet specific interests you may have. Pros. Banking, markets and finance roles across the bank work directly with our customers across the U.S. and companies and institutional clients globally. Plus, with our matching gifts program, you can double the impact of your donations to many charities. 84% of employees at Bank of America say it is a great place to work compared to 57% of employees at a typical U.S.-based company. We strive to provide you with information about products and services you might find interesting and useful. Provides simple, effective and timely controls to help manage your reconciliation policy and company spend. Click on Settings and go to Clear browsing data. Bank of America is one of the largest banks in the U.S., complete with over 4,000 retail financial centers. The employees of the bank receive a basic life insurance which is worth one time their total annual salary and can be a maximum of $2000000. Relationship-based ads and online behavioral advertising help us do that. To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review The employee experience below at Bank of America, compared to a typical company. Every day, across the globe, our employees bring a commitment to our purpose and to driving When life gets challenging, employees have access to our Employee Assistance Program, which provides free, 24/7 support for employees and anyone in their household.U.S. We have enhanced our paid bereavement leave across the globe to an industry-leading 20 days for full-time employees who lose a spouse, partner or child.More items $12 monthly service fee. Were focused on the representation of our people. You Are On Your Feet a Lot: 2. You will get to have a professional job where you work with money, loans, credit accounts, and much more. Global technology & operations teams help to provide the infrastructure, technology platforms and information security capabilities crucial to our ability to serve our customers and clients. By clicking Continue, you will be taken to a website that is not affiliated with Bank of America and may offer a different privacy policy and level of security. Investment products offered through MLPF&S and insurance and annuity products offered through MLLA: "Bank of America" is the marketing name for the global banking and global markets business of Bank of America Corporation. Here's how it works: We gather information about your online activities, such as the searches you conduct on our Sites and the pages you visit. Great Place To Work is proud to recognize Bank of America. Depending on the branch or office building that you are in, there may be cafes, luxury breakrooms, outdoor seating areas, and more so that you can relax on your breaks, too. Cons. When autocomplete results are available use up and down arrows to review and enter to select. Whether its by establishing To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review the Bank of America Online Privacy Notice and our Online Privacy FAQs. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Bank of America was formed through NationsBank's acquisition of BankAmerica in 1998. See why candidates like you are so important as we continue to grow. To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review Bank of America Online Privacy Notice and our Online Privacy FAQs. If you opt out, though, you may still receive generic advertising. Bank of America, N.A. They had previously announced that the minimum wage would be $15 an hour across all of their locations and they have recently increased the minimum wage to $21 an hour. The pay variance between employees can vary dramatically. Bank of America is not responsible for and does not endorse, guarantee or monitor content, availability, viewpoints, products or services that are offered or expressed on other websites. Insurance and annuity products are offered through Merrill Lynch Life Agency Inc. (MLLA), a licensed insurance agency and wholly-owned subsidiary of BofA Corp. As a Bank of America employee, our commitment to you is to ensure that you are welcomed for who you are, and given the support to build your career and make a difference. Some locations have their own fitness studios or gyms for employees to visit. There are a lot of different components, including banking, loans, retirement planning, and more. There are all sorts of positions to explore depending on your education, your experience, and the kind of work you want to do every day. Bank of America is not responsible for and does not endorse, guarantee or monitor content, availability, viewpoints, products or services that are offered or expressed on other websites. If you opt out, though, you may still receive generic advertising. Member Securities Investor Protection Corporation (SIPC). Like the people we serve, we come from every walk of life. Every level of the management team stays engaged and encourages Good answers. These words are drawn from employee comments on the Trust Index survey. Over time, you may encounter more and more problems as a result of being on your feet. Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religion, color, sex, sexual orientation, gender, gender identity, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. This website will use cookies based on your browsing activity. Over the next five years, we plan to hire 10,000 individuals from this untapped segment of society. The headquarters of Bank of America is located in North Ask questions during a job interview before you accept a position, so you know if you will be happy with the employer. Bank of America is headquartered in Charlotte, North Carolina. If you prefer that we do not use this information, you may Not all aspects of the job are glamorous, so you will want to weigh the pros and the cons. We are committed to maintaining a diverse workplace and an inclusive culture so that employees can bring their whole selves to work every day. This starts with how we recruit new teammates and extends to the many ways we support their professional development and career growth. Basic associate life insurance. We strive to provide you with information about products and services you might find interesting and useful. Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Banking, markets and finance roles across the bank work directly with our customers across the U.S. and companies and institutional clients globally. We strive to provide you with information about products and services you might find interesting and useful. Together, we are a company that embraces and appreciates employees background, thoughts and experiences. This is a manifestation of how the bank values the existence of their employees and also of their families after the employees cease to exist. You will be invited to corporate picnics, receive free training to help you with career development, and more. #94 in Fortune Best Workplaces for Women 2022, #10 in Fortune Best Workplaces in Financial Services & Insurance 2022, #24 in Best Workplaces for Millennials 2022, #29 in Fortune 100 Best Companies to Work For 2022, #8 in Great Place To Work's Best Workplaces for Parents 2021, #3 in Fortune Best Workplaces for Women 2021, #8 in Fortune Best Workplaces for Millennials 2021, #11 in Fortune Best Workplaces in New York 2021, #22 in Fortune 100 Best Companies to Work For 2021, #5 in Fortune Best Big Companies to Work For 2021, #6 in Fortune Best Workplaces in Financial Services & Insurance 2021, #17 in Great Place To Work's Best Workplaces in Texas 2021, #13 in Great Place To Work's Best Workplaces for Parents 2020, #42 in Fortune Best Workplaces for Women 2020, #17 in Fortune Best Workplaces in Financial Services & Insurance 2020, #45 in Great Place To Work's Best Workplaces in Texas 2020, #77 in Fortune 100 Best Companies to Work For 2020, #11 in Fortune Best Big Companies to Work For 2020, #29 in Best Workplaces for Diversity 2019, #19 in Best Workplaces in Financial Services & Insurance 2019, #92 in Fortune 100 Best Companies to Work For 2019, #4 in 2019 Best Big Companies to Work For, #21 in Best Workplaces for Diversity 2018, #22 in Best Workplaces in Financial Services & Insurance 2018, #26 in Best Workplaces for Diversity 2017, #46 in Best Workplaces for Working Parents 2017. Since the onset of the pandemic, weve prioritized personal health and safety above all else. If you prefer that we not use this information, you can opt out of online behavioral advertising. Some customers may even become belligerent, cursing at you, and threatening to get you fired. This can leave you in a position where you are forced to learn as you go, which can be dangerous. Working in the banking industry can be fun and exciting. Change that does not make sense at all. Banking, markets and finance roles across the bank work directly with our customers across the U.S. and companies and institutional clients globally. Especially if you do not have a college degree, you may find it difficult to move up the corporate ladder. Bank of America Coronavirus Resource Center, How we help people, companies and institutions realize their financial goals. What To Expect From Bank Of AmericaArticle Thesis. Bank stocks got battered in 2020, but they have had a strong start to 2021. Macro Environment. The coronavirus pandemic hit many industries hard in 2020, including banks. Bank Of America's Q4 Results. Bank of America will report its Q4 results on Tuesday, January 19. Long-Term Outlook, Valuation, Shareholder Returns. Takeaway. Here's how it works: We gather information about your online activities, such as the searches you conduct on our Sites and the pages you visit. It starts with having a diverse, inclusive workplace where employees are valued for their individual strengths and perspectives. If you opt out, though, you may still receive generic advertising. Bank of America is the second-largest bank of the United States of America regarding total assets acquired. At the end of 2020, the total assets acquired by this bank were US$3.17 trillion. The headquarter of this bank is located in Charlotte. Bank of America has employed around 200,000 employees. If you opt out, though, you may still receive generic advertising. Good positioning, large balance sheet and a growing franchise in EMEA (still a little bit behind MS/ JP even if some Learn more about career development Hiring process Its important that CEO Approval. Opinions or ideas expressed are not necessarily those of Bank of America nor do they reflect their views or endorsement. Bank of America is not responsible for and does not endorse, guarantee or monitor content, availability, viewpoints, products or services that are offered or expressed on other websites. Touch device users, explore by touch or with swipe gestures. Volunteering to help our communities is a priority. Some mistakes can be extremely costly, and the company will have no choice but to terminate you. When you visit these sites, you are agreeing to all of their terms of use, including their privacy and security policies. Touch device users, explore by touch or with swipe gestures. Bank of America is one of the worlds leading financial institutions, serving individuals, small- and middle-market businesses, large corporations, and governments with a full range of banking, You will receive discounts from a variety of companies. There is a lot of employee development throughout the company. Bank of America resumed coverage on Credit Suisse CSGN, +5.34% CS, +6.57% with a buy rating now that the Swiss bank successfully raised 4 billion Swiss francs. Company goals are aspirational and not guarantees or promises that all goals will be met. Relationship-based ads and online behavioral advertising help us do that. a pay check. balance to avoid fees. Youll get opportunities that are based on your skills and talents so youre in the best position to succeed. Bank of America is one of the worlds leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, This information may be used to deliver advertising on our Sites and offline (for example, by phone, email and direct mail) that's customized to meet specific interests you may have. Statistics and metrics included in our ESG documents are estimates and may be based on assumptions or developing standards. And we provide resources to support their physical, emotional and financial wellbeing. This can make it difficult for you to connect with some of the employees in the company. You can click the Return to Bank of America button now to return to the previous page or you can use the Back button on your browser after you leave. Great Place To Work 2021 Global Employee Engagement Study. A variety of pros exist for those who are employed with Bank of America. . list is available use arrows keys to navigate. Bank of America is one of the world's largest financial institutions, serving individuals, small- and middle-market businesses and large corporations with a full range of banking, investing, asset Suggestion Content contained herein may have been produced by an outside party that is not affiliated with Bank of America or any of its affiliates (Bank of America). Equal Housing Lender. Merrill Lynch makes available products and services offered by Merrill Lynch, Pierce, Fenner & Smith, Incorporated (MLPF&S), a registered broker-dealer and Member Securities Investor Protection Corporation (SIPC), and other subsidiaries of Bank of America Corporation. Ability to bring your authentic self and distinctive expertise to every situation. We are committed to having a meaningful impact, With our teammates, clients, and communities, By building a workplace where all are welcomed, We offer industry-leading learning & development, We provide tools and resources to support your emotional, physical, and financial wellness, Data Management Certain links may direct you away from Bank of America to an unaffiliated site. If you are not meeting your quota, you may be verbally assaulted by your manager because you are making them look bad. Were committed to making a difference in peoples lives, partnering with local organizations and initiatives that positively affect the areas we work in. BofA Securities, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and are members of the NFA. Open Firefox; Type about:config in the URL bar and press Enter; Scroll to security.tls.version.max and press Enter; Set the value to 3; Select OK; Google Chrome When you browse and/or apply for jobs on our Careers site, your application and any additional information you provide may be used to assess your skills and interests against career opportunities at Bank of America and for reporting purposes subject to applicable laws and regulations. Bank Of America Number of Employees is currently at 213 K. Number of Employees shows the total number of permanent full time and part time employees working for a given Bank Of America and processed through its payroll. Keep the Change rounds up each purchase to the nearest dollar and turns spare change into savings. Management is honest and ethical in its business practices. Monthly fee. MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and a wholly owned subsidiary of BofA Corp. These ads are based on your specific account relationships with us. I am able to take time off from work when I think it's necessary. Our offices hold employee events and have clubs made up of employees who share a common identity or interests so employees can spend time together and support each other. to help our customers, clients, colleagues and communities succeed by delivering the power of our company. Insurance and annuity products are offered through Merrill Lynch Life Agency Inc. (MLLA), a licensed insurance agency and wholly-owned subsidiary of BofA Corp. Every year, our team helps build hundreds of affordable homes for those in need. Encryption creates a secure environment for the information being transferred between your browser and Bank of America. Relationship-based ads and online behavioral advertising help us do that. Introducing Bank of America Life Plan an easy way to set and track short- and longterm financial goals, get personalized advice when you need it most and more. Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as MLPF&S or Merrill) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (BofA Corp.). As the first bank to offer domestic partner benefits, we continue building on our support of LGBTQ+ teammates. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only correct as of the stated date of their issue. you can enjoy with investment solutions from Merrill and the full range of banking capabilities from Bank of America. Bank of America takes your privacy seriously. Our partnership with Special Olympics gave Dekeda Brown the opportunity to coach the Special Olympics cheerleaders at the 2018 USA Games. Were dedicated to helping our teammates be their best at work and at home. Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as MLPF&S or Merrill) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (BofA Corp.). Here's how it works: We gather information about your online activities, such as the searches you conduct on our Sites and the pages you visit. While our teammates are focused on supporting our clients and communities, were focused on supporting them and their families, making sure they can be their best both at work and at home. On-Demand Webinar: How to Get Great Place To Work-Certified. I would like to have a managerial position in a bank in five years time. Bank of America, N.A. Encourages cardholders to control spending and comply with company policy. Bank of America has not been involved in the preparation of the content supplied at the unaffiliated sites and does not guarantee or assume any responsibility for its content. Bank of America encourages both professional and personal growth and provides everything you need to be successful. Our teammates continue to give back in their neighborhoods. Your work life is so much more than just your title and role. By clicking Continue, you will be taken to a website that is not affiliated with Bank of America and may offer a different privacy policy and level of security. Working for Bank of America can provide you with lots of opportunities since they are found all over the U.S. Learn how Keep the Change works. You may even qualify for various annual bonuses. When you visit these sites, you are agreeing to all of their terms of use, including their privacy and security policies. Hispanic-Latino employees come together to increase inclusiveness, promote career development and get support beyond the bank. Otherwise, the company will pay for a gym membership at a local gym. Also, if you opt out of online behavioral advertising, you may still see ads when you sign in to your account, for example through Online Banking or MyMerrill. To view the "EEO is the Law" Supplement, CLICK HERE. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only correct as of the stated date of their issue. Knowing the good and the bad of the company will make it easy for you to decide if you want a career with them. Offers card program management, reconciliation and workflow approval in a single application. Thats why we invest in employees wellness with best-in-class benefits and programs. If you prefer that we do not use this information, you may opt out of online behavioral advertising. This information may be used to deliver advertising on our Sites and offline (for example, by phone, email and direct mail) that's customized to meet specific interests you may have. Bank of America, in full Bank of America Corporation, one of the largest banking and financial services corporations in the United States. These security protocols protect data in 3 key ways: Authentication ensures that you are communicating with the correct server. All Rights Reserved. Bank of America CEO Brian Moynihan appeared on FOX Business 'Cavuto: Coast to Coast' on Tuesday to discuss the pace of the economy as the Fed fights to get inflation under Our Drug-Free Workplace and Alcohol Policy (Policy) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment. Bank of America invests a significant amount of money every year into technology. 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