BNY reviews

No career advancement and the constant town halls to illustrate how great we are doing is such a farce. Operations in Pittsburgh are being shipped overseas and layoffs across the board, no skills development or advancement. The "trainings" are videos with unlimited test retakes which is comedic. All management is essentially positioned in NY and don't know how to manage or lead aside from brown nosing to the superior above. New CEO came from Goldman few years ago and wanted to run BNY like its Goldman. A new culture is being rammed into everyones throat and that is to increase the stock price as much as possible. Management pretends to care and once laid off the work load gets piled onto another person. Only thing management cares about is when their shares get vested.

Distribution of work is not even, in my general group the major of my coworkers are overwhelmed with work while other have barely anything to do. Title padding occurs within the company. They expect you to operate as if you are at the management level with pay that does not equate to the responsibilities that you are given. The base pay is very low compared to others in the industry, and the bonus given was 1.8% of the base pay. There is no room for advancement to the next level. If you like workplace politics this is a great company to work for. "Favorites" get promoted while the actually hard workers don't.