BNY reviews

1) Pay (expect 20-40% less than any competitor, from entry level through mid-management 2) Complete lack of motivation from employees, poor performance is not punished, good performance is not rewarded 3) Business line managers are not accountable for their poor decisions and results 4) Low/Mid Level managers have little power to retain their best employees or get rid of their worst 5) Everyone is a Vice President and none of them do anything other than sit on conference calls with 35 other VPs. 6) It is a corporate bureaucracy in the absolute worse sense 7) HR is abysmal. No concern for current employees. All effort is spent hiring temps to replace full-time employees who have fled the bank. Some departments have >100% turnover. Advice to recent graduates: 1) Take a job at any other financial institution 2) If your only offer is from BNYM, take it, but immediately start applying for other jobs 3) Never let anyone know that you are competent; do the bare minimum, anything more than that will go unrewarded and make you a target for all the lazy people to dump their work on

no career advancement or professional development. full of useless people where 75% of department is wasteful personnel that are unhireable outside of bnym, probably the reason why there are so many old people there. too many middle managers. merit raises for the people that work hard is $1000 annual. thanks for the extra $.20 per pay that won't even buy me food from mcdonalds. bonuses are only for managers that take credit for the work of the people that are doing the work for them and struggling financially.