Forced rankings used in review process. - Vice President BNY Employee Review

2.0
Jan 14, 2020
Recommend
CEO approval
Business Outlook

Pros

Other employees are a plus.

Cons

Forced rankings are used in the review process and it helps no one. The only ones who are able to survive are those who can fight dirty. If you are a manager, why should you be required to choose 20% of your team to perform below expectations. To try to save money, that's why. If they put their energy into DEVELOPING their many talented employees, instead of devaluing them, they might just have something.

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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