Awful company - Tax Specialist BNY Employee Review

1.0
Jun 21, 2015
Recommend
CEO approval
Business Outlook

Pros

Zero stress I could work from home when needed I'm out of pros but had to keep typing something to meet the 20 word minimum requirement to post this review

Cons

High turnover Low employee morale Monotonous work Very low pay No motivation Too many levels of management, if you're in asset servicing it will take several years to get a 40k salary. If you want 1% annual raises you're coming to the right place. Company is beyond cheap, I worked in Pittsburgh and they tried making you buy plastic forks, spoons, etc if you didn't get anything from the cafeteria. Literally there was a sign listing the prices of silverware "$.02 fork, $.01 knife, etc." Google this: Forbes 2012 worst companies to work for and you'll find BNY at #10.

Explore other reviews about BNY

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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