Limited Career Progression - Anonymous employee BNY Employee Review

2.0
30 Sept 2012
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Flexible work arrangements. Relatively competitive benefits (401K, retirement, health and insurance). Relatively stable company compared to other banks, although there was lay-offs, I felt safe given that I am a good performer.

Cons

Limited career progression. Moreover, some of the promotions are arbitrary making employees question the process by which some managers are evaluated and promoted. We have many managers and very few leaders.

Explore other reviews about BNY

5.0
23 June 2026
Recommend
CEO approval
Business outlook

Pros

Really technology driven and laid back first

Cons

Low salary for new associates.

3.0
30 June 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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