BNY reviews

3.4

54% would recommend to a friend

(13,833 total reviews)
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Robin Vince

61% approve of CEO

55% positive business outlook

BNY has an employee rating of 3.4 out of 5 stars, based on 13,833 company reviews on Glassdoor which indicates that most employees have a good working experience there. The BNY employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

14K reviews
4.0
Oct 7, 2008
Recommend
CEO approval
Business Outlook

Pros

They are extremely flexible in letting separate departments manage time of their employees. They have a great reputation in the marketplace both on the asset servicing side and the asset management side. They even offer a flex time program allowing for one day off every two weeks when working an additional half hour every day. Furthermore, they recently offered a continuing education program where they will pay for up to 18 credits towards education related to an employee's position. Finally, some of the niche investment groups work with some of the best names in their respective business. Well regarded employer in the Pittsburgh area.

Cons

Depending on your department, there are many managers that have worked there for decades so it can be difficult to progress in your career. Furthermore, due to banking being a very regulated business, compliance has a say in every aspect of a department's business.

3.0
Oct 4, 2008
Recommend
CEO approval
Business Outlook

Pros

Safe and stable. Despite the "Bank" in the name, not a traditional bank. Mostly asset servicing, asset mgt and private wealth.

Cons

Different units never seem to know what the others are doing. For example, we sell accounting services and analytical software. But most internal units use products from competitors. Something like 19 different accounting systems used at the various asset mgt units. And they go outside to Barra, FactSet and RiskMetrics instead of in-house products. To contrast, the largest user of Yield Book is Citigroup. If a product or service isn't used by your own people, how good can it be?

3.0
Sep 19, 2008
Recommend
CEO approval
Business Outlook

Pros

nice offices, and some nice people. We get in someways overloaded with information, which if I didn't have a job to do I could spend the whole day reading. I'm glad they got out of the mortgage business and happy they are conservative.

Cons

no promotional opportunities. cubicles are small, , not enough people, layoffs frequently. Would like closer scrutiny of the managers in Jersey City, they have some very weak ones.

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