BNP Paribas

  www.bnpparibas.com
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BNP Paribas Reviews

Updated Jul 10, 2014
All Employees Current Employees Only

3.2 376 reviews

75% Approve of the CEO

BNP Paribas CEO and Director Jean-Laurent Bonnafé

Jean-Laurent Bonnafé

(111 ratings)

60% of employees recommend this company to a friend

Review Highlights

Pros
  • Really friendly place to work with a great approach to work life balance(in 42 reviews)

  • Relaxed work environment with the opportunity to learn(in 25 reviews)


Cons
  • Not enough people to perform the necessary work; not a good work-life balance(in 15 reviews)

  • Long hours (it's banking, what do you expect)(in 9 reviews)

63 Employee Reviews Back to all reviews
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    • Culture & Values
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    Experience at BNP

    Vice President (Former Employee) New York, NY

    ProsYounger management, less of a logjam at the Director/MD level.

    ConsBad place if you are American. There is a blatant preference preference for native French speakers.

    Advice to Senior ManagementYou cannot rely on the high margin, complex products. The basic blocking & tackling would bolster the bottom line with an investment in equity research.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    • No Opinion of CEO

    1 person found this helpful  

    Steady, no rock & roll

    Front Office Sales (Former Employee) New York, NY

    ProsVaried landscape
    Variety of work
    People focused

    ConsThey keep all the dross
    Managers are clueless ( in general )
    Poor salaries

    Advice to Senior ManagementRemove the layers of management in France

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    • No Opinion of CEO

    1 person found this helpful  

    The French do not know how to run or manage the investment banking business in the US.

    Anonymous Employee (Former Employee) New York, NY

    ProsThere were some very good people there, the office environment in NYC was generally collegial, and the infrastructure and systems while *way below* the quant systems of other big i-banks, were workable if you could program them yourself or get a sheet built for you. The compensation was significantly below the larger banks, but the work hours were less demanding and the amount of vacation was downright absurd (7 weeks).

    ConsThere was constant tension with Paris or London, who tried to micro-manage every decision or client relationship. They kept people around who never made money, were terrified of making decisions, and hid themselves in layers of opaque management. They also fired people who did make money because they either didn't fit into the culture or challenged management. It was bizarre at times.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    • Culture & Values
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    • Senior Management
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    • No Opinion of CEO

     

    IT System

    IT Vice President (Current Employee) New York, NY

    ProsThe biggest draw of this company is its great vacation package. AVPs get 30 vacation days and VPs get 35 vacation days. This cannot be beat by any wall street company that I know of.

    People are very friendly and hardworking in the group that I'm working at.

    ConsToo much bureaucracy in the workplace which prevents productive work. Management does not listen to the opinions or suggestions of the employees.

    Advice to Senior ManagementListen to the smart, talented people in your organization before you lose them!

    No, I would not recommend this company to a friend

     

    It was not a good experience

    Anonymous Employee (Former Employee) New York, NY

    Prosgood vacation time, some very bright people, interesting events for women and minority involvement

    ConsNot enough people to perform the necessary work; not a good work-life balance

    Advice to Senior ManagementAlthough there were interesting events for women and minorities, not a lot of opportunities for women to advance high in the organization structure or to receive equal pay.

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    2 people found this helpful  

    dysfunctional

    Associate, Sales and Trading (Former Employee)

    Prostime off policies, OT pay, 401k benefits, there are some good people working there...but not the majority.

    Consmanagement was lost and could not retain good talent.
    reward system is dysfunctional

    Advice to Senior Managementstart being loyal to your employees and maybe the good ones will stay

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    • No Opinion of CEO

     

    great place to take it easy and wait for retirement

    (Current Employee)

    ProsAs everybody says, great, amazing benefits, unparalleled vacation policy.
    Not bad life/work balance.
    If you are fine with working 9-5, waiting for retirement, this is not a bad place to do that.

    ConsWhile benefits are great, compensation is below average for IB.

    If you have any career aspirations ( and I mean any at all ), you should not be here.
    Anything and everything suggested by a non-French person is always ignored.
    With the exception that in some business areas, decisions are made in London, rather than Paris.

    When being ignored, prepare to be ignored thoroughly - language policy in BNP is French rules. Which means on meetings french speakers would often switch to French and forget about you. If there's somebody else in the room from US, you can talk to those. And wait for conversation to come back to English, which it sometimes does. You will be then told about decision made.

    As many reviews mention, most of managers are shipped from France. There's constant rotation of these, so be prepared to have a new manager every year or two. This rotation often moves people between business and/or technical areas so also be prepared to teach your new manager the ropes (every time).

    No, I would not recommend this company to a friend

    • Culture & Values
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    1 person found this helpful  

    Lack of recognition. No motivation. Incompetency of many managers

    Analyst, Finance (Current Employee)

    ProsThe only pros I could think of is time off policy. Nobody else on the street gives 25 days of PTO to an analyst. AVPs get 30, and VPs get 35

    ConsNo mentorship, guidance and support whatsoever. Every man is for himself. Managers are not interested to help you grow and develop, unless you self-promote and 'play the system'. Low pay with no raises for a couple of years. A lot of managers are rather incompetent, so you can't expect any guidance, while trying to resolve an issue or get a question answered, especially regarding the new and growing regulatory environment. And here is an example of a very unique situation: an employee regularly working overtime reports to a manager who is on a reduced work schedule (works 4 days a week), and who storms out of the office at 5:30 PM every day. One definitely can't complain about micromanagement here.

    Advice to Senior ManagementInvest into your analyst, help them grow, encourage, and promote them. Show they they are valued, don't make them feel invisible. Take them under your wing, when you can, and provide guidance. At least 2-3% yearly raise would be very helpful too. Most of us pay rent, that goes up every year by 5-10%, and can't afford the increase if you don't give us a raise.

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    • Disapproves of CEO

     

    Ability to become has been thoroughly squandered

    Vice President (Former Employee) New York, NY

    ProsGood systems
    great research/quants
    good mid tier employees

    Conspoor company culture.
    no understanding of organic growth. Prefer external hires and pay more than existing employees
    no vision

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    2 people found this helpful  

    Heading into troubled waters

    Anonymous Employee (Current Employee)

    Prosbig bank, solid balance sheet

    Consfrench, dysfunctional, pays little and getting worse, regulatory challenges

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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