Miserable, Outdated Culture - Anonymous employee BNY Employee Review

1.0
Mar 7, 2019
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Pay and benefits are okay

Cons

White male dominated company operating with a 1980s mindset. Not Millenial or female friendly at all. There's really no incentive for coming to work here other than the paycheck. Everyone is miserable and that negative energy spreads. It used to be a great place to work until senior management changed. Wealth Management is a particularly awful place to be. Strategy completely built on fear tactics and entitled boomers with white male privilege rather than growth and development of younger employees. Promotions are also scarce and raises are laughable. All of the money stays at the top.

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Pros

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Cons

In the office 4 days a week

1.0
Apr 28, 2026
Recommend
CEO approval
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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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