Avoid this place - Anonymous employee BNY Employee Review

1.0
Nov 6, 2018
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

IF you work in NYC you're safe.

Cons

There's a big focus on centralizing technology in NYC. There's also a move to force all work from home employees back in the office. Layoffs are constant and secretive, even though there are plenty of open requisitions. It's a constant cycle of hire and fire. There is also rampant discrimination and setups for poor performance to justify letting individuals go. These guys have no values. I should've listened to the advice I received prior to joining BNYM. They have a bad reputation.

Explore other reviews about BNY

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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