Good short term, bad long term - Anonymous employee BNY Employee Review

2.0
Jul 18, 2014
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Relaxed atmosphere Company is fairly secure with little shake ups in comparison to most Banks/Investment Banks Number of social events planned throughout the year

Cons

Low salary and next to no bonus & pay rise year-on-year Inept HR preventing sideways movement within the company Increasing love of creating layers of hierarchy reducing job prospects No incentives provided to improve performance given the recession spiel provided in the 3rd/4th Quarter

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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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