Fragmented, Difficult, in Need of a Major Culture Overhaul - Managing Director BNY Employee Review

2.0
Jun 23, 2014
Recommend
CEO approval
Business Outlook

Pros

Most people are hard working and dedicated, if underpaid.

Cons

At first, things were ok, but over time, the experience degraded with further bureaucracy, red-tape and a fragmented business model that trickles down through every aspect of the business. There is little to no control from the top, every business unit is allowed to weigh in and have a say in every decision which has the obvious negative effects of impeding progress and making it challenging if not downright impossible to streamline core systems, functions, etc.

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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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