High turnover for a reason - Anonymous employee BNY Employee Review

2.0
Feb 11, 2016
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Good job security, decent benefits and the cafeteria is very hand for lunch and breakfast. not a whole lot more than that.

Cons

It doesn't matter how hard you work or how good you are at your job they know they have issues retaining talent and have done nothing to improve this situation. There is a corporate atmosphere of defensiveness as well as lots of finger pointing. The company never recovered from the merger of BNY and Mellon.

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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.

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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