BNY reviews

3.4

54% would recommend to a friend

(13,855 total reviews)
avatar

Robin Vince

61% approve of CEO

55% positive business outlook

BNY has an employee rating of 3.4 out of 5 stars, based on 13,855 company reviews on Glassdoor which indicates that most employees have a good working experience there. The BNY employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

14K reviews
3.0
Apr 29, 2015
Recommend
CEO approval
Business Outlook

Pros

Depends on your manager and department, but some departments have great flexibility. Also the benefits are pretty good, although health care benefits are declining. Plus as one long-time employee who does very little work told me "this place is great because you can hide".

Cons

The old fashion bureaucratic system of having 8 to 14 levels of managers above the people actually doing the work, means that there are layers and layers of folks just getting paid to tell the next level above them, what the folks below them are doing. Plus none of these managers has the guts to make the slackers actually work, since they themselves want to be slackers. There are tons of people taking 2-hours lunches, talking on their phones, playing on the internet, coming in late, leaving early, pretending to be sick, but nothing is ever done about it.

1.0
Apr 8, 2015
Recommend
CEO approval
Business Outlook

Pros

Some really challenging problems to solve. Should be the most fun job I've ever had but it isn't. Management is proactive when it comes to industry changing trends such as bitcoin.

Cons

Diversity being shoved down our throats. Management does not solve issues. Management only throws up roadblocks to make it hard to get things done. Dropping our pension in 2015. Health insurance deductible is now thousands of dollars. Raises average about 1.5% even though we make 3/4 of a billion per quarter. Always takes a charge against first quarter earnings to pretend things are bad during review. Work from home and other benefits vary vastly depending on your department.

2.0
Mar 26, 2015
Recommend
CEO approval
Business Outlook

Pros

Atmosphere is fairly laid back. Allowed to get up and take a walk outside as needed. Start off with 4 weeks vacation for a salaried employee.

Cons

Very poor pay scale and only going down for IT. Just cut everyone's pensions. Raises are on average 1.5% of salary per year. Advancement is non-existent unless you constantly jump departments, which is difficult since so much is outsourced to India. Work-Life balance that the company likes to tote is non-existent, at least in IT. Constantly cutting jobs, no matter how much profit is made. Training budgets have been cut, so can't even get additional outside training. So much of what we do is simply to meet an arbitrary quota number and has no real value, except to let management beat their chest and say they accomplished something great and give them a talking point.

Viewing 439 - 441 of 13,855 Reviews

Glassdoor has 15,635 BNY reviews submitted anonymously by BNY employees. Read employee reviews and ratings on Glassdoor to decide if BNY is right for you.