BNY reviews

Bank of New York is the most bureaucratic company that I have ever seen. Often, tasks are divided up among so many organizations that no one has ownership of any single initiative or project, so when it fails or fails to be completed, no one is responsible. The organization is filled with many groups with overlapping responsibilities. While the bank thinks that it is becoming lean and mean, it is not, as these groups, all with their own agendas, cancel each other out and make moving any initiative forward a morass. Management is tentative and uncertain on how to make changes. It is the most incompetent management, I have ever seen within the 14-15 companies that I have worked for wqithin my career. There is almost no concern for quality of any product or service produced. Management does not engage with line employees and does its best to ignore problems which affect quality and output of work. There is no meaningful incentive for employees to work hard or be effective. Most employees are therefore not motivated and take as many opportunities as possible to move the problem "off their desk" without fixing it.

- hardly any opportunity for advancement - lots of socializing required at work in order to be recognized and admired by management. - promotions and merit increases are nonexistent. - grad school tuition reimbursement is subject to management discretion...not everyone gets this benefit. Those who are approved and are in classes, take time to study for exams and complete school homework while at work. - diversity is nonexistent: vast majority of employees are male, white, and well under 30 years old. - additional time off requested for personal and/or family emergencies is impossible, and frowned upon by management. Work/life is not balanced. It's all about getting work done. - working from home is a benefit only given to managers. regular employees have to stay in the office for full day - it is nearly impossible to reach those managers working from home via multiple communication means - performance management reviews are a joke. Managers don't spend the time (or any time) describing the accomplishments of their employees so opportunities to be part of the promotion from within program are nonexistent. - food celebration parties are always given for managers; regular staff don't get recognized at all. - training is nonexistent; managers do not train their employees, nor do they encourage learning from among their peers.