Tough environment - Vice President BNY Employee Review

2.0
Nov 17, 2014
Recommend
CEO approval
Business Outlook

Pros

Co-workers are professional and helpful. Compensation was good. Work life balance good.

Cons

Morale is very low. Continuous lay offs. No raises or bonuses. Unrealistic expectations from management. Management ignorant of what is actually going on in the company. One dimensional plan to improve is cost cutting. Internal and External customer service has steadily declined over the past decade.

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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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