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Bank of America
4.2
based on 3.4k 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 3.4k 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
81% 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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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 3.4k reviews
Overall Rating
4.2/5
How AmbitionBox ratings work?
5
2k
4
882
3
334
2
84
1
140
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
3.3
Promotions
Bank of America is rated 4.2 out of 5 stars on AmbitionBox, based on 3.4k 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
4.3
Rated by 1.1k Women
Rated 4.6 for Job security and 4.3 for Work-life balance
4.2
Rated by 2.2k Men
Rated 4.6 for Job security and 4.4 for Work-life balance
Work Policy at Bank of America
based on 583 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 3.4k reviews | 4.0/5 based on 41.7k reviews | 3.9/5 based on 43.2k reviews | 3.7/5 based on 19k reviews |
Highly Rated for | Job security Work-life balance Company culture | Job security Skill development Company culture | 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 | 4.3 Good rated by 1.1k women | 3.9 Good rated by 11.1k women | 3.7 Good rated by 9.2k women | 3.6 Good rated by 4.3k women |
Rating by Men Employees | 4.2 Good rated by 2.2k men | 4.0 Good rated by 28.8k men | 3.9 Good rated by 31.9k men | 3.8 Good rated by 14.1k men |
Job security | 4.6 Excellent | 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 3.8 out of 5 by 3.4k employees.
Team Lead
(2.5k salaries)
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₹5.9 L/yr - ₹17.4 L/yr
Team Developer
(2k salaries)
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₹2.4 L/yr - ₹11 L/yr
Software Engineer
(1.2k salaries)
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₹7.2 L/yr - ₹28 L/yr
Senior Software Engineer
(997 salaries)
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₹14.4 L/yr - ₹33.4 L/yr
Team Member
(971 salaries)
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₹1.4 L/yr - ₹5 L/yr
Senior Team Member
(960 salaries)
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₹1.9 L/yr - ₹8 L/yr
Senior Analyst
(910 salaries)
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₹8.5 L/yr - ₹30.6 L/yr
Analyst
(715 salaries)
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₹8.5 L/yr - ₹30 L/yr
Assistant Vice President
(656 salaries)
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₹18.3 L/yr - ₹60 L/yr
Software Engineer2
(450 salaries)
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₹11.6 L/yr - ₹31 L/yr
Bank of America Interview Questions
A Software Developer was asked 2mo agoQ. How do you find the length of an array?
A Team Developer was asked 2mo agoQ. What are the reasons for your interest in Bank of America?
A Team Lead was asked 10mo agoQ. What data structure would you use for returning database records, and ...read more
A Software Engineer was asked 6mo agoQ. What is the difference between SQL and NoSQL databases?
An Analyst was asked 10mo agoQ. Determine whether an integer is a palindrome. An integer is a palindro...read more
Bank of America Jobs
Popular Designations Bank of America Hires for
Assistant Manager
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Analyst
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Software Engineer III
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Bank of America News
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The GENIUS Act Winners and Losers: Which Crypto Companies Will Survive?
- Treasury Secretary predicts stablecoin market could reach $3.7 trillion by 2030, with regulatory challenges ahead.
- GENIUS Act passage signals regulatory changes in the crypto market, leading to winners and losers.
- Major banks like JPMorgan, Bank of America, and Wells Fargo to gain significant traction in crypto due to new regulations.
- Circle positioned as a regulatory leader with USDC meeting GENIUS Act requirements, poised for market share gain.
- Coinbase Custody, BitGo, and Anchorage Digital expected to experience growth in custodial services for stablecoin issuers.
- Tether faces compliance issues and potential retreat from US markets due to transparency and regulatory difficulties.
- Algorithmic stablecoins face challenges under the GENIUS Act, requiring 1:1 backing with traditional assets.
- Offshore stablecoin issuers may be excluded from the US market due to strict licensing requirements.
- Big Tech companies like Meta, Amazon, and PayPal could disrupt the stablecoin market with their existing infrastructure and user base.
- Investment implications include actions for the next six months, medium-term opportunities, and long-term bets in response to regulatory changes.
Bravenewcoin | 18 Jun, 2025
U.S. Senate Passes GENIUS Act Stablecoin Regulations in Crypto First
- The U.S. Senate passed the GENIUS Act, a stablecoin regulation bill, in a 68-30 vote, moving one step closer to President Trump's approval.
- Senate Banking Committee Chairman and House Committee on Financial Services Chairman express anticipation for regulatory clarity in the digital asset ecosystem.
- The bill must pass the House before reaching Trump's desk, with implications for the global adoption of dollar-backed digital currencies and blockchain technology.
- Financial institutions like JPMorgan, Bank of America, Wells Fargo, Citigroup, and Circle are increasingly interested in stablecoins as the industry gains legitimacy.
- Major retailers like Walmart and Amazon are exploring embedded payments with stablecoins, while global banks experiment with cross-border liquidity management.
- The GENIUS Act's passage aims to reduce legal risks, foster industry confidence, and promote stablecoin adoption and innovation in the financial services sector.
- Concerns include potential risks to traditional banks from liquidity flight into stablecoins and issues related to monetary sovereignty and surveillance.
- Regulations require stablecoins to be backed 1:1 by U.S. Treasuries and subject to audits/AML, but there are ongoing discussions about further safeguards.
- Lawmakers are considering merging the GENIUS Act with broader legislation like the CLARITY Act, which could impact implementation timelines.
- If passed, the GENIUS Act will set a precedent for how digital currencies are managed, signaling a new era in financial innovation governance.
Pymnts | 18 Jun, 2025
Senate passes GENIUS stablecoin bill, giving crypto industry first major legislative win
- The Senate passed the GENIUS Act, a bill that sets federal guardrails for stablecoins and allows private companies to issue digital dollars with government approval.
- The bill, approved with a 68-30 vote, is a significant win for the crypto industry.
- It requires full reserve backing, monthly audits, and AML compliance for stablecoins, and grants broad authority to Treasury Secretary Scott Bessent.
- Some senators criticized the bill for not addressing personal profit from digital assets, while others praised its consumer protection and innovation support.
- The GENIUS Act now moves to the House, where it will join the STABLE bill, differing on regulatory oversight and prohibited elements.
- Despite being aimed at stablecoins, the bill faced challenges, delayed negotiations, and bipartisan struggles during the passage process.
- Stablecoins, largely USD-pegged, offer faster settlements, lower fees, and are gaining traction in payment systems and financial institutions.
- Companies like Shopify and Bank of America are exploring stablecoin integrations, while JPMorgan launched a deposit token, JPMD, for institutional clients.
- The bill restricts tech giants from directly issuing stablecoins to address monopoly concerns, with Trump's disclosed crypto holdings reflecting significant wealth tied to digital assets.
- The legislation faced bipartisan disagreements over profit restrictions, highlighting the growing intersection of politics, technology, and finance in the crypto space.
CNBC | 18 Jun, 2025
Bank of America is bullish on these 4 under-the-radar AI stocks
- Bank of America is bullish on under-the-radar AI stocks primed to benefit from the AI boom.
- Four buy-rated small and mid-cap AI stock picks were shared by Bank of America.
- AI mentions on earnings calls have surged among Russell 2000 companies.
- Small and mid-cap firms are integrating AI technology for earnings growth.
- While big companies like Nvidia benefit from AI, more small-cap firms are joining the AI trade.
- Software companies are well-positioned to leverage the trend of agentic AI.
- There's growing adoption of AI systems by small-cap firms aiming for autonomous operation.
- Bank of America sees AI opportunities in smaller companies for stock pickers.
- Easing inflation and increased M&A activity could boost small-cap tech valuations.
- Bank of America's top small and mid-cap AI picks include Datadog, Seagate Technology, Kyndryl Holdings, and JFrog.
- Datadog is seen as a generative AI share gainer with strong revenue growth potential.
- Seagate Technology expected to benefit from HAMR ramp with margin growth.
- Kyndryl Holdings viewed positively due to AI tailwinds for IT services.
- JFrog likely to benefit from increased platform usage as generative AI accelerates software development.
- Bank of America's analysis points to a positive outlook for these small and mid-cap AI stocks.
- The article was originally published on Business Insider.
Insider | 18 Jun, 2025
Trump’s Crypto Reserve to Make XRP the Next Big Winner as XRP Eyes $1000 on SWIFT Replacement Theory
- Patrick Bet-David predicts XRP's significant price surge based on recent developments.
- President Donald Trump's announcement of a U.S. crypto strategic reserve lists XRP first among cryptocurrencies.
- Bet-David speculates that this signals growing institutional interest and regulatory clarity for XRP.
- XRP's potential to replace SWIFT, handling trillions in transactions daily, could lead to a substantial price increase.
- Analysts suggest XRP's market cap could reach $10 trillion, potentially resulting in a price of $100 or even $1,000 per token.
- 300+ financial institutions, including Bank of America and American Express, have integrated RippleNet, indicating strong industry interest.
- Ripple's partnerships for CBDC infrastructure add to XRP's credibility, despite facing regulatory challenges from the SEC.
- Bet-David notes that regulatory scrutiny has slowed XRP's adoption, but a potential resolution with SEC Chair Gensler's departure could lead to institutional adoption.
- Bet-David hints at a forthcoming surge for XRP, emphasizing the next 3, 6, or 12 months as potentially game-changing for the cryptocurrency.
Zycrypto | 18 Jun, 2025
Ubyx Raises $10 Million to Advance ‘Stablecoin Epoch’
- Digital asset startup Ubyx has raised $10 million to advance what it calls 'stablecoin ubiquity.'
- Ubyx aims to promote the global acceptance of many stablecoins with issuers like Paxos, Ripple, Agora, Transfero, Monerium, and GMO Trust.
- The company addresses barriers to mass adoption in the stablecoin market by providing a clearing system that connects issuers and receiving institutions.
- Ubyx allows redemption of stablecoins for fiat at par value into bank and FinTech accounts, standardizing redemption for cash-equivalent accounting treatment.
- The company believes it will usher in the stablecoin epoch by solving market fragmentation and aligning economic incentives.
- Stablecoins are becoming more common with companies like Bank of America, Walmart, and Amazon looking to launch their versions of the dollar-pegged currency.
- The rise of stablecoins is driving operational innovation but also raising questions about ecosystem control and interoperability.
- Interoperability is a challenge for stablecoins, including those issued by major banks, as they may lack broader token landscape compatibility.
- Stablecoins are praised for their ability to transfer value efficiently, but challenges arise when they need to be utilized for specific purposes.
Pymnts | 17 Jun, 2025
Are Closed-Loop Financial Instruments the Future of Institutional Stablecoins?
- Stablecoins are gaining traction in the financial space, with institutions like Bank of America and DTCC looking into issuing their own stablecoins for enhanced settlement and asset movement.
- Retailers such as Amazon and Walmart are also considering launching their native stablecoins, indicating a widespread interest in this space.
- Wholesale stablecoins are seen as an evolution of traditional financial infrastructure, offering real-time settlement, smarter liquidity, and reduced market risk.
- Questions arise about ecosystem control and interoperability as these stablecoins operate within closed networks and may lack integration with the broader token landscape.
- Regulatory clarity is crucial for the future of stablecoins, with proposed legislation like the GENIUS Act aiming to establish guidelines for stablecoin issuers, auditing, and supervision.
- The GENIUS Act could provide a framework for federally regulated stablecoin issuers to maintain reserves and promote partnerships between fintech firms and traditional institutions.
Pymnts | 17 Jun, 2025
An AI-Powered Framework for Scalable Cloud Migration in Financial Services and Critical…
- Legacy IT systems in financial services and critical infrastructure sectors pose challenges for cloud migration due to complex architectures, regulations, and risks.
- An AI-driven framework is introduced to automate and optimize cloud migration in mission-critical environments.
- The framework utilizes transformer-based code analysis, graph neural network dependency mapping, and NLP for compliance simulation.
- It reduces migration time, downtime, and compliance violations, improving operational resilience and modernization.
- Evaluations with JPMorgan Chase, Bank of America, Capital One, and Citi show positive results in legacy modernization.
- AI-assisted migration enables secure, compliant, and efficient modernization aligned with business demands.
- Financial institutions and critical infrastructure are undergoing digital transformation using cloud computing for scalability and cost efficiency.
- Legacy IT systems consist of millions of lines of COBOL, PL/SQL, or proprietary code, making migration challenging.
Medium | 16 Jun, 2025
Stablecoin Performace in 2025 Jan To June
- Stablecoins play a crucial role in the crypto market, providing stability by being pegged to fiat currencies.
- The H1 2025 report reveals the total stablecoin market cap hitting an all-time high of $251.55 billion.
- Market analysis predicts the market cap could reach $2 trillion by 2028 and even $3.7 trillion by 2030.
- Tether (USDT) remains dominant, followed by USDC, with growing interest in newer stablecoins like PYUSD and RLUSD.
- Ethereum continues to be the preferred blockchain for stablecoins, with TRON and Solana gaining traction.
- Regulatory changes like the GENIUS Act aim to reshape the stablecoin landscape with requirements for backing and audits.
- Institutional adoption is increasing with banks like Bank of America and companies like Circle entering the stablecoin domain.
- TRON sees significant activity with the launch of new stablecoins, showcasing the growing trend of blockchain-native financial tools.
- Stablecoins are evolving into foundational elements of the global financial system, with USDT and USDC leading the market.
- The stablecoin sector in H1 2025 reflects a growing market, regulatory developments, and expanding institutional adoption.
Coinpedia | 15 Jun, 2025
Amazon, Walmart Exploring Plans to Launch Stablecoins: Report
- American retail giants Amazon and Walmart are reportedly considering launching their own stablecoins to change how consumers pay for goods online and reduce transaction fees.
- Both companies are exploring creating brand-specific coins or adopting external stablecoins through a potential merchant-led consortium.
- Amazon is in the early planning stages of developing an in-house token for purchases on its platform, while Walmart is also considering similar options to support digital payment innovation.
- Stablecoins could help these retailers bypass traditional financial systems' transaction fees, which can cost companies billions of dollars annually.
- The move aligns with other e-commerce players, such as Shopify integrating USD Coin (USDC) payments into its platform, offering incentives like 1% cash back for customers.
- Future stablecoin adoption by major retailers may hinge on upcoming regulatory frameworks like the proposed GENIUS Act in the U.S., aiming to provide clear rules for digital assets.
- The final Senate vote on the GENIUS Act is scheduled for June 17, as trade groups advocate for lower-cost payment options and increased competition for Visa and Mastercard.
- Major U.S. banks like JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo are also exploring a joint stablecoin venture.
Cryptopotato | 14 Jun, 2025
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Bank of America Subsidiaries
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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 3,300+ 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 3,300+ employee reviews on AmbitionBox.
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