Moving in right direction but plenty of room for improvement - Vice President BNY Employee Review

3.0
25 Oct 2008
Recommend
CEO approval
Business outlook

Pros

Laid back work environment. Plenty of autonomy to do my job as I see fit.

Cons

Compensation ok but not great relative to peers. Too many lifers hanging around without motivation. IT infrastructure could be described as penny wise pound foolish. Entire backoffice departments could be eliminated via techonology, but are kept around to keep people employed because a lot of lifer types still around from legacy Mellon.

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1.0
28 Apr 2026
Recommend
CEO approval
Business outlook

Pros

Job only as good as immediate manager. Salary is Ok ish Benefit options are ok not great.

Cons

1) Retaliation is a way of life at this company going back to 2018 and becoming worse since 2) Mid level managers are very efficient at passively insulting the Teams they are responsible for. 3) It is nearly impossible to advance in the company. 4) When you try to post to another department - your Mid level manager will do the best to stop you from advancing. Some have close friends in HR that will even have you submit a new application in an attempt to accuse the other department of recruiting you. I have experienced this. 5) The only way to increase pay and experience is by leaving the company. 6) It use to be a culture of lets help others when there is a problem, now it is lets find who to blame for upper mangers rushing a project before all risks are identified. 7) If you are taking a new Job - professionally push for higher Salary once you are in raises will be very small.

5
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