Be prepared for bad salary and horrible promotions - Anonymous employee BNY Employee Review

Poor management period. The people who do work hard, don't get promoted. Meanwhile, the people who do get promoted take their friends with them to the top when they shouldn't be. Horrible office politics. Very old school mentality. Horrible systems to work with and way too many of them, nothing is streamlined correctly. Pay is awful and is based on management discretion, which again they give out raises and bonuses to their favorites and are not based on merits or hard work. They tend to promote from within, even if there is no one who is fit for the job, instead of going outside of the company for someone with better skillsets - which leads to employee dissatification, resentment and overall laziness. They keep employees with horrible work attitudes and poor work performance instead of hiring new blood with better overall morale.