Not good for a long-term career - Vice President BNY Employee Review

1.0
Dec 28, 2021
Recommend
CEO approval
Business Outlook

Pros

Good work-life balance. Not overly demanding. Laid back culture. People care or at least pretend to care about their teams and co-workers. Managers are generally pretty protective of their teams when it comes to workplace politics and other issues. Senior leadership was for the most part understanding of the impact of Covid on employees. Good brand name to work at. Cares about diversity and inclusion.

Cons

Incredibly low salaries compared to any other bank (by a significant margin, 50% in some cases), and the annual pay raises of 0-1% don't even keep up with inflation so you effectively deteriorate your earnings the longer you stay here. This is true across departments and teams. I put up with this for years but when I finally resigned due to persistently low salary, I was first offered a pay raise and promotion to stay, which was nice, but after I turned that down, my group MD insulted and threatened me and used scare tactics to attempt to convince me not to resign...

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
Jul 18, 2026
Recommend
CEO approval
Business Outlook

Pros

Some of the internal platforms have dev teams that would rival any other tech company. Can learn a lot if you end up on one of those teams.

Cons

Completely crap shoot as to if you land on a good team or a completely incompetent one. If you're on a bad one good luck. On a bad team you can expect vague work requirements and huge work loads with unmanageable delivery timelines. Also they're outsourcing to India heavily. Also also, most senior management is completely out of touch with reality and don't understand the tech stack they own (more you interact with them the more frighteningly obvious it becomes). HR is completely incompetent, of course, it's an open secret at the bank.

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