Great work/Life balance - Senior Associate BNY Employee Review

1.0
Jun 18, 2015
Recommend
CEO approval
Business Outlook

Pros

Prominent Investment Bank name that looks good on resume.

Cons

Recent layoffs and cost cutting measures have contributed to extremely low morale and fear amongst employees. A lot of managers are taking advantage of that fear and contributing to depression and high stress levels. Below average pay, 1% raises are the norm and have not been given out in over 3 years. Very hard for employees to get things done because of the many levels of management. Lifers that do bare minimum work and are just sticking around until their time is up. Only very Senior Managers are promoted. Lots of very good loyal and hard working low level employees that have never been promoted and are invisible to Senior Management. All of the recent "employee advancement and diversification programs" are just to keep up appearances.

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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.

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