Notoriously Bureaucratic - If you don't have a dutch uncle in Sr. Management, life is a rollercoaster - Anonymous employee BNY Employee Review

3.0
Sep 25, 2011
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Multiple locations worldwide, good training opportunities

Cons

Lack of transparency; The gap between executive salaries and worker bees is one of the worst in the industry. When the latest cost reduction program was announced in 2011, it apparently did not apply to senior or even middle management - but it did apply to general staff. New policies never apply to the upper echelons. For example, all raises were frozen, but the CEO got a 70% raise, and then a $33 Million package when he was kicked out. People who were laid off got 2wks for every year at the firm, up to 1 year - but not as an exit package, as supplemental uninsurance benefits, which disappeared when/if they found work. If I knew then (when I started working for them) , I would have seriously considered another company.

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

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.

See reviews by: Helpful|Rating|Date|All