Best Places to Work in IT 2011 Employer Profile

No. 12

Bank of America Corp.

Charlotte, N.C. [South Atlantic]

Why you want to work there

Top 10 ranking: No. 7 for benefits IT employees at this financial services firm in Charlotte, N.C., get involved in some cutting-edge projects, including an electronic trading platform; a new system that offers investors broad electronic access to the bank's products and services; and new Deposit Image ATMs, which allow customers to make deposits without deposit slips or envelopes and receive on-screen verification with check images. The bank also created and hosted the annual Innovation Summit in Silicon Valley, which brings together IT employees with venture capitalists, private equity firms and public technology company executives for two days to share ideas about emerging technologies. Wired workforce As part of a flexible work program, a traditional office or workstation is exchanged for a variety of work locations. Employees can equip a home office with the technology needed for work and be reimbursed for their expenses. They also can request a mentor who will help coach them on ways to virtually stay connected. The bank targets the program toward metropolitan areas with either high pollution levels or long commute times, to help cut down on employee travel. Just rewards The bank's pay-for-performance process rewards the highest performers with the greatest rewards through base salary increases, awards and global recognition.

Rank by company size:
Large, No. 8

Employee Statistics

Total U.S.-based employees: 248,074

Total U.S.-based IT employees: 19,830

IT employee turnover in 2010: 10%

IT promotions in 2010: 20%


Training days offered per IT employee in 2010: 3

Training budget per IT employee in 2010: $287

Women in IT

Total percentage of women within IT: 31%

Percentage of IT managers who are women: 28%

Percentage of IT staffers (non-managers) who are women: 32%

Minorities in IT

Total percentage of minorities within IT: 39%

Percentage of IT managers who are minorities: 33%

Percentage of IT staffers (non-managers) who are minorities: 42%