2.0
Feb 9, 2009
Current employee
Brussels
Recommend
CEO approval
Business Outlook
Pros
Provides a reasonable introduction to the financial world. Low risk work as BNY-M mainly provides financial utilities to the rest of the industry. Stable environment - change is slow, travel is avoided. What knowledge there is, is available for sharing. Easy work.
Cons
Complete lack of innovation - leads to inflexibility and inefficiency. Excessive layers of middle management means that incorrect or ineffective decisions are taken, combined with a lack of responsibility. Managers often lack sufficient knowledge to do their job. No clear direction on where the company is headed. Career advancement is challenging even though staff turnover is worryingly high.