BNP Paribas

  www.bnpparibas.com
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BNP Paribas Reviews

Updated August 11, 2014
Updated August 11, 2014
389 Reviews

3.2
389 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
BNP Paribas CEO and Director Jean-Laurent Bonnafé
Jean-Laurent Bonnafé
118 Ratings

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)

More Highlights

65 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    was good, getting bad

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Vacation time, health insurance benefits

    Cons

    Recent cost cutting measures most jobs moving out of NYC to somewhere else. Management does not care or unaware of poor morale. All great employees leaving to other firms, no focus on retaining top performers.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2.  

    Bad pay, worse management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Presentation Specialist  in  New York, NY
    Former Employee - Presentation Specialist in New York, NY

    Pros

    Young, driven team. New equipment. Great location. Free food often.

    Cons

    New manager completely overwhelmed. Fired four people in nine months out of a six person department and encouraged employees to work off-clock to meet impossible deadlines.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  3.  

    Experience at BNP

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President  in  New York, NY
    Former Employee - Vice President in New York, NY

    Pros

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

    Cons

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

    Advice to ManagementAdvice

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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  4. We want your feedback – Are these company reviews helpful to you?  Yes | No
  5. 1 person found this helpful  

    Steady, no rock & roll

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Front Office Sales  in  New York, NY
    Former Employee - Front Office Sales in New York, NY

    Pros

    Varied landscape
    Variety of work
    People focused

    Cons

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

    Advice to ManagementAdvice

    Remove the layers of management in France

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  6. 1 person found this helpful  

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee  in  New York, NY
    Former Employee - Anonymous Employee in New York, NY

    Pros

    There 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).

    Cons

    There 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.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  7.  

    IT System

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - IT Vice President  in  New York, NY
    Current Employee - IT Vice President in New York, NY

    Pros

    The 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.

    Cons

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

    Advice to ManagementAdvice

    Listen to the smart, talented people in your organization before you lose them!

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8.  

    It was not a good experience

    Former Employee - Anonymous Employee  in  New York, NY
    Former Employee - Anonymous Employee in New York, NY

    Pros

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

    Cons

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

    Advice to ManagementAdvice

    Although 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.

  9. 2 people found this helpful  

    dysfunctional

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Associate, Sales and Trading
    Former Employee - Associate, Sales and Trading

    Pros

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

    Cons

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

    Advice to ManagementAdvice

    start being loyal to your employees and maybe the good ones will stay

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  10.  

    great place to take it easy and wait for retirement

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    As 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.

    Cons

    While 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).

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  11. 1 person found this helpful  

    Lack of recognition. No motivation. Incompetency of many managers

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Analyst, Finance
    Current Employee - Analyst, Finance

    Pros

    The 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

    Cons

    No 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 ManagementAdvice

    Invest 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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