Low Pay, bad benefits, miserable - Anonymous employee BNY Employee Review

1.0
Nov 13, 2021
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

It looks ok on a resume when you leave. Most people who work here get fed up with the amount of work while also being paid below average salaries with below average benefits. They lie and say the benefits make up for the salary, it doesn’t.

Cons

Teams are understaffed but have constant high volumes. Upper management takes it out on the employees. Despite being told they are understaff they continue to have layoffs increasing everyone’s volume until someone else gets overwhelmed and they get “laid off”too. They have annual layoffs sometimes semiannual. There is 0 growth, worked with colleges who had the same position for 5 years and was on her way out. I only saw one person get a promotion in my 3 years there and that was at the beginning.

Explore other reviews about BNY

5.0
Apr 7, 2026
Recommend
CEO approval
Business Outlook

Pros

Decent pay, Great people, laid back environment, and great managers.

Cons

Pay could be better honestly.

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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