Not the Company it Once Was, Sadly - Marketing and Communications Lead BNY Employee Review

2.0
Feb 4, 2022
Recommend
CEO approval
Business Outlook

Pros

Opportunities for hands-on experience at all levels (partly because they are so understaffed), often more than at similar companies. Accountabilities expand on an ongoing basis, which can be good for one’s resume (but they won’t compensate you for it).

Cons

Revenue not growing so shareholder returns are coming largely from staff cuts, compensation cuts and benefit cuts. Culture has significantly degraded last few years. Policy is to rate 10 percent of employee Below Expectations and manage them out, and good managers who have built high-performing teams still have to find people to rate BE and to eliminate on a rolling basis. Think Lord of the Flies. Bad behavior among EC tolerated to a much greater degree than it used to be or is in a good company. EC has become increasingly dysfunctional in recent years, with almost everyone using their jobs as stepping stones vs. building sustainable value for the company. EC member responsible for our group badmouthed most of his own people. Long-time employees not presently valued, and most long careers there end on an ugly note. HR poorly resourced and run. Former employees should expect to spend lots of time fighting for everything they’ve earned.

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