Good place to start. Bad place to stay. - Anonymous employee BNY Employee Review

2.0
Nov 18, 2014
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

This is a good company to get your foot in the door and gain experience in financial services. They are one of the few companies with a high volume of true "entry level" jobs.

Cons

The pay is well below competitive. It is easy to move laterally, but very difficult to move up. Management has promotion 'rules' that seem to disqualify the most qualified candidates and reward mediocre performance based soley on number of years at the firm.

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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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