Software engineers are not valued - Software Engineer BNY Employee Review

1.0
Apr 21, 2019
Recommend
CEO approval
Business Outlook

Pros

- Easy going - Genuinely competent coworkers - OK medical benefits

Cons

- Poor management leads towards an unclear road map of intended functionalities - The business side will often times talk about how Engineers in the firm are overpaid - Lay offs due to inept leadership - Largely noncompetitive compensation packages - No real sense of career progression - Incredibly political positions in mid level management Elaborating on con #2, I think it's important to note that the business side will often talk about how the company is spending too much on technology and how the technology division makes no money. Sadly, this happens because the company is NOT a technology company, as mentioned several times by HR. Your average Software Engineer in the firm earns from 80 - 100k. That's not being overpaid, that's being UNDERPAID. Underneath all the smiles and sense of collaboration, nobody is actually passionate about the end product they work on. This leads towards people burning out or just not putting in their 100%.

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.

See reviews by: Helpful|Rating|Date|All