Started great, bad ending - Fund Accountant BNY Employee Review

2.0
Jan 25, 2024
Recommend
CEO approval
Business Outlook

Pros

Depending on your client, work-life balance will be ok. Colleagues are pretty helpful. Pay is fairly standard, though some companies pay slightly more. You get more sick days than other companies and they’re not lumped in with vacation. Health insurance though not the best are also three tier which is better than other financial service companies as they’re not all just high deductible plans.

Cons

Pretty much all decisions in the last two years have not been employee centric. 401k is paid out once a year which prevents you from benefiting from any dollar cost averaging. Benefits have slowly been eroding. New CEO is trying to align the company with the rest of the industry at the cost of losing staff. Closing one office and relocating, causing the staff to pay more in income tax and offering no raise or incentive. Laying off once a year and then claiming an increase in Q1 revenue, then trying to rehire that same staff back. Very rigid with return to office, absolutely no exceptions for people with longer commutes. Hiring people from out of state and not communicating the closure of one office even though that would increase the new hires commute by over an hour. Offering no quality of life raises to most staff in 2023. Also upward mobility is non existent. Outside hires are brought in to fill higher level positions.

Explore other reviews about BNY

5.0
Jun 5, 2026
Recommend
CEO approval
Business Outlook

Pros

Great company match at BNY

Cons

In the office 4 days a week

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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