Inequitable Bank - Anonymous employee BNY Employee Review

2.0
Aug 20, 2015
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Decent standard benefits that most corporations provide: medical, dental, 401K, paid vacation. Recent new board members to push the company to be better and be more competitive. Thank you analyst, investors and new board members!

Cons

Not a meritocracy, non-existent pay raises. Very political, hierarchical, and bureacratic organization. Lazy managers and unmotivated employees take advantage while hard workers pick up the slack is what the corporate culture seems. If you're a high performer you'll be stuck doing most of the work. You'll get the same pay raise as those who do little or no work so there's really no incentive. Your fruits of your labor may never be realized. Slow and out-dated prop systems. No career path. No growth. Stubborn and selfish management. CHEAP company (advice to management may explain more as to why). Poor communication to its employees.

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Pros

Really technology driven and laid back first

Cons

Low salary for new associates.

4.0
Jul 5, 2026
Recommend
CEO approval
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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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