Heart in the right place, but head in the sand - Applications Manager BNY Employee Review

2.0
Aug 13, 2012
Recommend
CEO approval
Business Outlook

Pros

Decent benefits, flexible work arrangements and career opportunities are there for those who network. Immediate management is doing the best with what they have.

Cons

Low pay, frozen pay and little to no recognition for above average contribution Cuts were too deep across too many areas, many functions have yet to recover. It's nearly impossible to count on routine requests being routine. Instead of hiring desperately needed employees the response has been to obtain, train and release contractors in a never ending cycle, bleeding institutional knowledge.. Management by metrics isn't taking into account the very important factors of culture and other intangibles. Too much 'ivory tower', senior management projects the image they are above understanding the interconnections of data and systems.

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.

4.0
Jul 5, 2026
Recommend
CEO approval
Business Outlook

Pros

There is real opportunity for career and skill growth. The company runs short on head count, so people willing to take on more responsibilities have avenues to progress. However, you will need to force the issue for promotions & large salary increases after you prove your capabilities. Realistically it'll take an external counteroffer to move the needle.

Cons

It's a large bank and you're a number in the system. If your NPV is positive you'll stay, else you'll be laid off. This includes both scenarios you control and those you don't. Ex. You control your performance, in office time and networking You don't control if your location is a strategic growth site, if a major client goes with a competitor, or if you'd be impacted by a general company-wide layoff plan.

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