Horrible management - Vice President BNY Employee Review

1.0
Oct 16, 2024
Recommend
CEO approval
Business Outlook

Pros

Decent work life balance. Not alot of pros to be said about this company.

Cons

No career advancement and the constant town halls to illustrate how great we are doing is such a farce. Operations in Pittsburgh are being shipped overseas and layoffs across the board, no skills development or advancement. The "trainings" are videos with unlimited test retakes which is comedic. All management is essentially positioned in NY and don't know how to manage or lead aside from brown nosing to the superior above. New CEO came from Goldman few years ago and wanted to run BNY like its Goldman. A new culture is being rammed into everyones throat and that is to increase the stock price as much as possible. Management pretends to care and once laid off the work load gets piled onto another person. Only thing management cares about is when their shares get vested.

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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