Ranked the #11 worst company to work for with good reason. - Fund Accountant BNY Employee Review

1.0
Aug 17, 2012
Recommend
CEO approval
Business Outlook

Pros

I developed some great friendships with some great people who are all in the same boat here. That's it. 9 out of 10 people I know here want out. It's that bad.

Cons

Most people make below $40k, and when I say "below", I mean on average $36k. It is nearly impossible to break that number here in any reasonable amount of time,a nd on't even think of trying to start at 40k. I've been here for a handful of years (enough to know this is offiically a dead end), have a college degree, and I'm still sub-40k, hence my leaving asap. Raises have been cut over and over. I am now just around 1.5% per year. In other words, my raise is less than the increases in my medical insurance, gas and tolls, all individually compared to the raise, every year. I, as well as others I know, have asked for raises based on positive, gleaming and flawless performance reviews. Not happening. I even asked for a single level promotion with no money increase just so I could have it on my resume. Nope. They never have the money, but they keep wheeling temps in here and giving half of them permanent positions. No corporate culture. There were employee engagement activities in the past, but they have all been cut. We get a desk calendar and a t-shirt that we don't need if we're lucky. Oh, and pizza once a year. We'd all rather just have the $5 in our pockets. Pershing is on-site in the same building as us. We are separated by a wall for compliance issues, but it is more like a socio-economic divide experiment, as they all make considerably more than us and still get an actual holiday party with liquor and real food after hours. We get some italian takeout and soda at lunchtime when it's our turn. Definitely the 2nd class citizens here. The same people seem to get promoted over and over. Others have noticed it as well, and it is very, very odd. I could go on and on. Bottom line, you don't want to work here unless your lifestyle is bare bones simple and you can afford to work for mid- $30's for a long time. If you have student loans and aren't on public assistance then look elsewhere. Most people here, including managers, work two jobs to get by.

Explore other reviews about BNY

1.0
Apr 28, 2026
Recommend
CEO approval
Business Outlook

Pros

Job only as good as immediate manager. Salary is Ok ish Benefit options are ok not great.

Cons

1) Retaliation is a way of life at this company going back to 2018 and becoming worse since 2) Mid level managers are very efficient at passively insulting the Teams they are responsible for. 3) It is nearly impossible to advance in the company. 4) When you try to post to another department - your Mid level manager will do the best to stop you from advancing. Some have close friends in HR that will even have you submit a new application in an attempt to accuse the other department of recruiting you. I have experienced this. 5) The only way to increase pay and experience is by leaving the company. 6) It use to be a culture of lets help others when there is a problem, now it is lets find who to blame for upper mangers rushing a project before all risks are identified. 7) If you are taking a new Job - professionally push for higher Salary once you are in raises will be very small.

5
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