No Opportunity for Promotion - Trust Associate BNY Employee Review

1.0
23 Aug 2010
Recommend
CEO approval
Business outlook

Pros

- availability of instant coffee machine - free water - friendly secretaries and security staff in building

Cons

- hardly any opportunity for advancement - lots of socializing required at work in order to be recognized and admired by management. - promotions and merit increases are nonexistent. - grad school tuition reimbursement is subject to management discretion...not everyone gets this benefit. Those who are approved and are in classes, take time to study for exams and complete school homework while at work. - diversity is nonexistent: vast majority of employees are male, white, and well under 30 years old. - additional time off requested for personal and/or family emergencies is impossible, and frowned upon by management. Work/life is not balanced. It's all about getting work done. - working from home is a benefit only given to managers. regular employees have to stay in the office for full day - it is nearly impossible to reach those managers working from home via multiple communication means - performance management reviews are a joke. Managers don't spend the time (or any time) describing the accomplishments of their employees so opportunities to be part of the promotion from within program are nonexistent. - food celebration parties are always given for managers; regular staff don't get recognized at all. - training is nonexistent; managers do not train their employees, nor do they encourage learning from among their peers.

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.

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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