Good to start out but growth gets constrained - Financial Accountant BNY Employee Review

3.0
Aug 18, 2015
Recommend
CEO approval
Business Outlook

Pros

Nice enviroment. Good benefits Opportunities to progress Changing to become best in class

Cons

Performance management an issue no-one ever fails probation, gets disciplined for poor performance. Raises either due to service length or promotion are capped at a percentage of old salary. Consequently your career pay is dictated by how you performed for 2 hours years ago. Many layers of beaucracy. One person does the work and oftentimes as many as 5 people check it despite having little knowledge of the subject matter and hence adding little value.

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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