New performance assessment is forced ranking and unfair - Anonymous employee BNY Employee Review

2.0
Dec 26, 2011
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

People are decent Organization is relatively strong in the financial services industry NEW CEO is making a point to show he's committed to the company and to be bringing a fresh approach.

Cons

Ossified thinking and exaggerated fear of risk stifles innovation Unfair performance ranking system and sub-par compensation for star performers Shamefully low percentage of women in upper management Many employees skeptical that new CEO will bring needed change.

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5.0
Apr 7, 2026
Recommend
CEO approval
Business Outlook

Pros

Decent pay, Great people, laid back environment, and great managers.

Cons

Pay could be better honestly.

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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