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.

3.0
30 Jun 2026
Recommend
CEO approval
Business outlook

Pros

After the latest re-structuring and going agile, I don't find any. But before, a stable bank with a good book of work. Positive environment with support from your colleagues. Industry standard medical plan and vacations.

Cons

Bonuses and salary raises are hugely dependent on who you know in the senior management and how they perceive you rather than what you actually delivered.

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