Career stall out - Client Service Associate BNY Employee Review

1.0
Oct 18, 2022
Recommend
CEO approval
Business Outlook

Pros

I avoided a "center of excellence" and was able to do an array of different tasks.

Cons

You will wait 3-4 years for promotions even as a stand out. Everyone gets "met expectations" not matter if you did good or bad work. For promotions you will get the standard 10% no matter what your base is or how good you are, and sometimes they will cheap out and give you 6-7%. Bonuses are really bad. $500 for analyst levels and tops out at $3000 after 10 years. Raises are generally 1-1.7% or so. Usually under $1000 increase for most. Any requests for additional compensation will be ignored or strung out over a year and then ignored. If you advocate for yourself they will choose you if they are forced to thin the staff. Your best bet will be to take their starting salary, work for a few years and then move on. There are much more willing to pay someone a fair salary off the street than someone that has been doing standout work for them for a decade.

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.

3.0
Jul 18, 2026
Recommend
CEO approval
Business Outlook

Pros

Some of the internal platforms have dev teams that would rival any other tech company. Can learn a lot if you end up on one of those teams.

Cons

Completely crap shoot as to if you land on a good team or a completely incompetent one. If you're on a bad one good luck. On a bad team you can expect vague work requirements and huge work loads with unmanageable delivery timelines. Also they're outsourcing to India heavily. Also also, most senior management is completely out of touch with reality and don't understand the tech stack they own (more you interact with them the more frighteningly obvious it becomes). HR is completely incompetent, of course, it's an open secret at the bank.

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