Pershing is a toxic work place - Senior Vice President BNY Employee Review

1.0
Feb 16, 2025
Recommend
CEO approval
Business Outlook

Pros

Fair salary and benefits - But, be aware that bonuses are paid annually and a portion of bonuses for certain management levels are paid in restricted stock (they don't tell you that).

Cons

Pershing lacks commitment to strategy and change direction constantly. Everyone is out for themselves and management is clearly intimidated by the Pershing CEO. They actively do layoffs annually (in November so they don't have to pay out annual bonuses).

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5.0
Jun 5, 2026
Recommend
CEO approval
Business Outlook

Pros

Great company match at BNY

Cons

In the office 4 days a week

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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