Unvalued employees with an archaic management system - Specialist Developer BNY Employee Review

2.0
Aug 4, 2021
Recommend
CEO approval
Business Outlook

Pros

Stability, they rarely if ever lay off US-based developers. Easy work.

Cons

Follows waterfall but they just say it's agile. Management plays favorites, and you have to brown nose to get a decent raise/bonus. Doesn't pay market wage. Low growth opportunity. Story points are valued differently by everyone and management pushes to make developers do more points each sprint (which just makes people inflate the points on stories). One-for-one upgrades are basically the only thing and you rarely get to update a product for the business that has even most of what they want. Because management is rushing to check off how many apps THEY got upgraded in a year.

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.

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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