Trying to modernize, but progress is slow - Managing Director BNY Employee Review

2.0
24 Jun 2017
Recommend
CEO approval
Business outlook

Pros

- Deep subject matter expertise in many divisions because of long-tenured employees - Actually less political than other large firms where I've worked - of course there's still factions and alliances, but most people want to do what is best for the firm - Long-term employees demonstrate extreme loyalty, passion, and enthusiasm for the firm

Cons

- Vertical, silo'ed org structures lead to duplication of effort, reluctance to share information, lots of talented & expensive people stuck in dead-end roles, and lack of incentives for people to act as 'one firm' - The company wants to present itself as a diverse employer of choice, but there are almost no openly LGBT, non-white, or women employees in senior management. - Technology division has been run into the ground over last few years - morale is abysmal, strategy is unclear, women technologists are fleeing in droves.

Explore other reviews about BNY

5.0
23 Jun 2026
Recommend
CEO approval
Business outlook

Pros

Really technology driven and laid back first

Cons

Low salary for new associates.

4.0
5 Jul 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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