No incentives to perform. - Trader BNY Employee Review

1.0
Oct 29, 2019
Recommend
CEO approval
Business Outlook

Pros

Can be very easy to cruise along doing mediocre work as no one seems to care about anything..

Cons

No incentives for hard workers and high performers.. Bank supports bare minimum work quality and pays bare minimum compensation. While this works for generating earnings, it is encumbering for talented employees

Explore other reviews about BNY

5.0
May 21, 2026
Recommend
CEO approval
Business Outlook

Pros

Good work environment and people

Cons

Difficult to switch roles or departments

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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