Stopped Valuing Instiutional Knowledge - Senior Product Manager BNY Employee Review

2.0
Aug 17, 2019
Recommend
CEO approval
Business Outlook

Pros

Decent opportunities to participate in training, volunteer time and other soft perks.

Cons

- changes in management have resulted in a churn of staff, with often those with the most systemic knowledge being shown the door. management often has no knowledge of business line and makes changes without understanding their consequences, only to move on before the changes are completely implemented. - continued devaluing of employees are evident in decreasing merit increases and bonus numbers, even in the face of solid performance and increasing stock dividends and buybacks. - desire for immediate results from C-Suite have led to unrealistic expectations filtering down through the firm, with realistic on the ground assessments being disregarded as line of business execs Manage Up - general feeling of disengagement permeates the organization.

Explore other reviews about BNY

5.0
Jun 23, 2026
Recommend
CEO approval
Business Outlook

Pros

Really technology driven and laid back first

Cons

Low salary for new associates.

3.0
Jun 30, 2026
Recommend
CEO approval
Business Outlook

Pros

After the latest re-structuring and going agile, I don't find any. But before, a stable bank with a good book of work. Positive environment with support from your colleagues. Industry standard medical plan and vacations.

Cons

Bonuses and salary raises are hugely dependent on who you know in the senior management and how they perceive you rather than what you actually delivered.

See reviews by: Helpful|Rating|Date|All