Some very able staff, demoralised and destroyed by incompetent management - Fund Administrator BNY Employee Review

1.0
Jun 18, 2011
Recommend
CEO approval
Business Outlook

Pros

It looks good on a CV

Cons

Ludicrously high turnover of staff due to gross mismanagement, and even in the economic downturn, the salary is insulting. Senior positions are occupied by careerist chancers, and there is a terrifying knowledge gap for a company which is looking after billions of pounds of other people's assets. Almost a Stalinist work environment - anyone expressing any sort of dissatifaction or even suggesting ways to improve are viewed with suspicion at the very least, at worst some staff are victimised by senior management

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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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