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Bank of America
4.2
based on 3.5k 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 3.5k reviews
11% above
industry average
Highly rated for
Job security, Work-life balance, Company culture
Critically rated for
Promotions
Work Policy
Hybrid
88% employees reported
Monday to Friday
87% employees reported
Flexible timing
65% employees reported
No travel
80% employees reported
View detailed work policy
Top Employees Benefits
Office cab/shuttle
341 employees reported
Cafeteria
299 employees reported
Health insurance
265 employees reported
Job/Soft skill training
259 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 3.5k reviews
Overall Rating
4.2/5
How AmbitionBox ratings work?
5
2k
4
904
3
342
2
86
1
142
Category Ratings
4.5
Job security
4.3
Work-life balance
4.2
Company culture
3.8
Work satisfaction
3.7
Salary
3.7
Skill development
3.2
Promotions
Bank of America is rated 4.2 out of 5 stars on AmbitionBox, based on 3.5k 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 3.3k reviews
4.2
Rated by 1.1k Women
Rated 4.6 for Job security and 4.3 for Work-life balance
4.1
Rated by 2.2k Men
Rated 4.5 for Job security and 4.3 for Work-life balance
Work Policy at Bank of America
based on 581 reviews in last 6 months
Hybrid
88%
Work from office
10%
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 3.5k reviews | 4.0/5 based on 42.4k reviews | 3.8/5 based on 44.2k reviews | 3.7/5 based on 19.4k reviews |
Highly Rated for | Job security Work-life balance Company culture | Job security Skill development Work-life balance | Job security Skill development |  No highly rated category |
Critically Rated for | Promotions |  No critically rated category | Promotions | Promotions |
Primary Work Policy | Hybrid 88% employees reported | Work from office 91% employees reported | Work from office 84% employees reported | Work from office 81% employees reported |
Rating by Women Employees | 4.2 Good rated by 1.1k women | 3.9 Good rated by 11.3k women | 3.7 Good rated by 9.5k women | 3.5 Good rated by 4.4k women |
Rating by Men Employees | 4.1 Good rated by 2.2k men | 4.0 Good rated by 29.4k men | 3.9 Good rated by 32.6k men | 3.8 Good rated by 14.4k men |
Job security | 4.5 Good | 4.1 Good | 4.0 Good | 3.7 Good |
View more
Bank of America Salaries
Bank of America salaries have received with an average score of 3.7 out of 5 by 3.5k employees.
Team Lead
(2.5k salaries)
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₹8.3 L/yr - ₹15 L/yr
Team Developer
(1.9k salaries)
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₹4.6 L/yr - ₹9.7 L/yr
Software Engineer
(1.2k salaries)
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₹8.3 L/yr - ₹25.6 L/yr
Team Member
(974 salaries)
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₹2.7 L/yr - ₹5 L/yr
Senior Team Member
(879 salaries)
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₹3 L/yr - ₹8 L/yr
Senior Analyst
(820 salaries)
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₹15.7 L/yr - ₹27 L/yr
Senior Software Engineer
(792 salaries)
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₹19 L/yr - ₹35 L/yr
Analyst
(730 salaries)
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₹13.5 L/yr - ₹25 L/yr
Assistant Vice President
(688 salaries)
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₹32 L/yr - ₹55 L/yr
Software Engineer2
(464 salaries)
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₹16.7 L/yr - ₹31 L/yr
Bank of America Interview Questions
Bank of America Jobs
Popular Designations Bank of America Hires for
Assistant Manager
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Manager
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Team Lead
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Senior Manager
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Team Developer
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Software Engineer III
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Senior Operations Manager
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Analyst
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Lead Analyst
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Current Openings
Bank of America News
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When Might U.S. Consumers Experience Inflation?
- In June, the consumer price index in the U.S. rose by 0.3%, meeting expectations and leading to an increase in bond yields as the market anticipates higher inflation for consumers.
- Food prices in the U.S. went up by 0.3%, with grocery costs rising by 0.3% and nonalcoholic beverages by 1.4%. Coffee prices also increased by 2.2%, affecting companies like J.M. Smucker negatively while investors show interest in Starbucks.
- Household furnishing prices surged by 1.0%, appliances saw a 1.9% rise, and toys and sporting goods became more expensive. Investors are concerned about the discount store market, with Costco's stock peaking but Walmart trading steadily.
- Expectations suggest inflation could persist until September, influenced by tariffs impacting the price of goods and leading to market fluctuations for companies like JPMorgan Chase, Bank of America, Costco, Walmart, Starbucks, Dollar General, and Dollar Tree.
Baystreet | 16 Jul, 2025
BofA Pulls the Plug on Bill Pay: Charge Ahead With The New Payment System
- Bank of America is deactivating its Bill Pay service for personal credit card payments starting August 23, 2025.
- Customers need to switch to the bank's redesigned Pay & Transfer hub for all future credit card payments.
- The update aims to centralize credit card payments under one interface to simplify and provide more control for customers.
- Scheduled payments via Bill Pay for Bank of America credit cards after August 23 must be canceled, and customers need to set them up using the new Pay & Transfer system to avoid missed payments.
Forbes | 16 Jul, 2025
Bitcoin Joins Elite Club: The Crypto King Rockets To No. 5 Spot Among World’s Most Valuable Assets
- Bitcoin has achieved a significant milestone by becoming the fifth most valuable asset globally, with a market capitalization of $2.360 trillion.
- This milestone reflects Bitcoin's rising popularity among traditional financial heavyweights and its shift towards mainstream acceptance.
- Bitcoin surpassed Amazon to secure the No. 5 spot, marking a symbolic victory and highlighting its evolution into a key player in the financial hierarchy.
- Bank of America recognized Bitcoin as the best-performing asset in 2025, with its value doubling since the beginning of the year, outperforming traditional havens like Gold and the S&P 500.
Bitcoinist | 14 Jul, 2025
Bank of America Focuses on Turning Payments Breakthroughs Into Consumer Habits
- Bank of America explores turning payments advancements into consumer habits.
- Innovations in payments need adoption to succeed, focusing on changing behaviors.
- Emphasizing simplicity over complexity and empathy in building user-centric experiences.
- Future trends include preemptive experiences, trust as a design principle, and real-time expectations.
Pymnts | 14 Jul, 2025
Bitcoin Hits New All Time High as IBIT Breaks ETF Records
- Bitcoin reached a new all-time high of $118,820, indicating its growing popularity as a store of value and strategic asset.
- BlackRock’s iShares Bitcoin Trust (IBIT) surpassed $80 billion in assets under management in just 374 days, becoming the 21st largest ETF in the US market.
- The average American needs to work 3,766 hours, equivalent to nearly two years, to afford one Bitcoin at the current rate.
- Bank of America Global Research report shows Bitcoin as the top performing currency of 2025, outperforming 19 fiat currencies and ranking as the 5th largest asset globally.
Bitcoinmagazine | 11 Jul, 2025
Fresh Records for S&P, NASDAQ
- The Dow Jones Industrial Average rose on Thursday as traders overlooked tariff tensions, with the S&P 500 and NASDAQ also hitting fresh records.
- The Dow closed at 44,650.64 with a gain of 192.34 points, while the S&P 500 reached 6,280.46 and set an all-time intraday high. The NASDAQ Composite climbed to 20,630.67.
- Estée Lauder's shares surged 6.3% after Bank of America reinstated coverage with a buy rating, while Tesla's stock rose 4.7% as Wells Fargo predicted improved deliveries despite challenges.
- President Trump announced tariffs on imported copper and Brazil, citing unfair trade practices. The 10-year treasury yields rose slightly, while oil prices fell and gold prices rose.
Baystreet | 11 Jul, 2025
TSX Surges Through to Close
- The TSX Composite Index gained 109.98 points to close at 27,082.30 fueled by industrial and telecom shares.
- Canada Goose's private equity backer, Bain Capital, considers selling its stake as Canada seeks to expand into new markets amid U.S. tariffs.
- Consumer discretionary stocks rose with Magna International and Air Canada; electronics firm Celestica and software company Lightspeed Commerce experienced declines.
- The Dow Jones Industrial Average and S&P 500 rose as traders shrugged off tariff concerns; Tesla stock climbed, and Estée Lauder saw an increase after Bank of America reinstated coverage.
Baystreet | 11 Jul, 2025
Dow Rockets as Investors Shake off Trade Developments
- The Dow Jones Industrial Average rose on Thursday with a 205.58 point increase to 44,663.88 during lunchtime trading.
- The S&P 500 also rose 14.59 points to 6,277.85, while the NASDAQ Composite dipped slightly to 20,608.29.
- Shares of Estée Lauder surged by 6% after Bank of America reinstated coverage with a buy rating.
- President Trump announced new tariffs on imported copper and Brazil, citing unfair trade relationships, leading to market reactions and higher Treasury yields while oil prices fell.
Baystreet | 10 Jul, 2025
B2B seafood startup Captain Fresh converts into public company as it prepares for IPO: Report
- B2B seafood startup Captain Fresh has converted into a public company in preparation for its upcoming IPO, following a name change from Infifresh Foods Private Limited to Infifresh Foods Limited.
- The move is a crucial step for the Indian company to list on domestic stock exchanges, with an anticipated IPO aiming to raise between $350 million and $400 million, valuing the company at more than $1 billion.
- Captain Fresh has appointed Axis Capital and Bank of America (BofA) as bankers for the offering and added three independent directors to its board in readiness for the listing.
- The startup, founded in 2019, operates a tech-enabled B2B marketplace sourcing seafood and meat globally and reported significant revenue growth in FY24, with plans for an international B2C expansion in the pipeline.
ISN | 9 Jul, 2025
Real-Time Payments to See B2B Summer Surge Amid Higher Transaction Limits
- Transaction limits tied to real-time payments are increasing, setting the stage for a surge in higher dollar-value transactions, especially for corporate clients.
- The Federal Reserve and The Clearing House have raised transaction limits, with banks now able to set parameters for transactions, leading to increased usage for various use cases like real estate and construction.
- Banks like Bank of America have seen over half of real-time payments processed on the RTP network exceeding $1 million, expanding use cases to include real estate, deal closings, and other corporate activities.
- While a significant number of financial institutions offer instant payments, there is still a gap in offering both send and receive capabilities, with data security concerns being a key challenge in implementing real-time send capabilities.
Pymnts | 8 Jul, 2025
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Bank of America Subsidiaries
BA Continuum
4.1
• 1.6k reviews
Bank of America Securities
4.1
• 40 reviews
BofA Securities
4.2
• 12 reviews
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 Charlotte.
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 3,400+ 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 3.2. 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, skill development and salary & benefits, based on 3,400+ employee reviews on AmbitionBox.
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