It is a classless organization run by greedy executives - Vice President BNY Employee Review

1.0
May 20, 2014
Recommend
CEO approval
Business Outlook

Pros

It is better than being unemployed

Cons

Low pay. Propaganda constantly spewed by senior management. Management talks a big game about telecommuting and other benefits but it is next to impossible to get them to allow it. Over my 9 year career at BNYM the company has gotten worse each and every year for 5 straight years. Promotions occur without much (sometimes no) increase in pay. Benefits have been reduced drastically, and "cost of living increases" are less than 2% each of the past 5 years, meanwhile executives of the company talk about the difficult economic environment while collecting record bonus figures and the company is buying back more than a BILLION dollars in company stock each year. It is a classless organization

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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