Pros
Stable business -- still dominates as a service provider in some of its lines of business. Many capable workers of long tenure.
Cons
Aims at the mediocre in terms of compensation, products, culture, people. Changes from BNYM parent are almost all negatives -- emphasis on risk mgt and resiliency instead of innovation and improvement leads to CYA mentality and unbelievable levels of bureaucracy. Current move is toward co-location, removal of remote working privileges, open plan offices -- all negatives for work/life balance, autonomy, and work environment that are based on weak management oversight and specious research masking blunt instrument cost cutting. Senior management have insanely long tenures, enforcing groupthink, clubbiness, rigidity. Closing gender pay gap not a priority. Lip service paid to attracting younger workers, top-grade candidates is just that -- clearly not a priority for the firm or its parent. Long-overdure technology retirements are persistently put off in favor of adding new clients to old platforms as client churn increases. Real product development is consistently deprioritized in favor of patching up old, broken systems/processes/products. Pound-foolish spending abounds so many attainable improvements are never funded -- even though firm remains profitable. New BNYM CEO is a smarmy shill leading a far more management-challenged gaggle of businesses; they are going nowhere fast. Mediocre Pershing is a crack team in comparision, but needs to go its own way to return to the level of quality it once represented.