Stopped Valuing Instiutional Knowledge - Senior Product Manager BNY Employee Review

2.0
17 Aug 2019
Recommend
CEO approval
Business outlook

Pros

Decent opportunities to participate in training, volunteer time and other soft perks.

Cons

- changes in management have resulted in a churn of staff, with often those with the most systemic knowledge being shown the door. management often has no knowledge of business line and makes changes without understanding their consequences, only to move on before the changes are completely implemented. - continued devaluing of employees are evident in decreasing merit increases and bonus numbers, even in the face of solid performance and increasing stock dividends and buybacks. - desire for immediate results from C-Suite have led to unrealistic expectations filtering down through the firm, with realistic on the ground assessments being disregarded as line of business execs Manage Up - general feeling of disengagement permeates the organization.

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5.0
5 June 2026
Recommend
CEO approval
Business outlook

Pros

Great company match at BNY

Cons

In the office 4 days a week

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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