Pros
Compensation is above average for the Detroit area, and benefits are in line with other financial services companies. Automotive financing unit is strong, which lends a modicum of stability to the company. Most managers understand the need for work/life balance.
Cons
Senior management continues to hold on to the Mortgage business unit, despite many opportunities to dispose of it over the last 4 years. This is the albatross around the company's neck, and continues to lead to sever budget issues, and yearly Reduction In Force initiatives. 10Q's continue to degrade and don't look to be turning around any time soon. Overly heavy process - creating a Statement of Work for a project can take 6 months due to the bureaucracy and process (inherited from GM!). Very litte IT innovation due to this. The job is more of a case where you need to learn the heavy process and follow it to a "T". Look elsewhere if you want to be involved in cutting edge technology. Look here if you want to be a process guru. Above a certain level (say 2C or so), employees are lifers. This is a glass ceiling that is very difficult to punch through if you are a career ladder climber. Kiss the right butt and you might get lucky. Almost all leadership roles (maye 90%) are filled by ex-Bank of America employees. Don't have BoA on your resume? Forget about it, then.
