deck chairs on the Titanic? - Vice President BNY Employee Review

1.0
Aug 23, 2016
Recommend
CEO approval
Business Outlook

Pros

Some employees dedicated and smart. Benefits are decent.

Cons

I marvel at all the glowing reviews i'm seeing here lately and wonder if we work for the same company. Or are they planted? hmmm Cronyism is rampant. This is a very political organization where management and higher ups are more intent on keeping their power and paychecks/bonuses than doing the right thing by the company, the employees and shareholders. The markets are going to continue to put the squeeze on big financial companies like ours and revenue will continue to be pressured. In response they keep "reorganizing" by cutting positions (with the good people often the ones they let go). Morale is terrible; even veterans who are highly respected feel that it's only a matter of time before they are shown the door. I have heard several employees say something to this effect: "When I swipe my ID card at the turnstile and it still works, I guess i still have my job." Managers are inconsistent and HR is a tool.

Explore other reviews about BNY

5.0
Jun 23, 2026
Recommend
CEO approval
Business Outlook

Pros

Really technology driven and laid back first

Cons

Low salary for new associates.

3.0
Jun 30, 2026
Recommend
CEO approval
Business Outlook

Pros

After the latest re-structuring and going agile, I don't find any. But before, a stable bank with a good book of work. Positive environment with support from your colleagues. Industry standard medical plan and vacations.

Cons

Bonuses and salary raises are hugely dependent on who you know in the senior management and how they perceive you rather than what you actually delivered.

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