Not good for a long-term career - Vice President BNY Employee Review

1.0
28 Dec 2021
Recommend
CEO approval
Business outlook

Pros

Good work-life balance. Not overly demanding. Laid back culture. People care or at least pretend to care about their teams and co-workers. Managers are generally pretty protective of their teams when it comes to workplace politics and other issues. Senior leadership was for the most part understanding of the impact of Covid on employees. Good brand name to work at. Cares about diversity and inclusion.

Cons

Incredibly low salaries compared to any other bank (by a significant margin, 50% in some cases), and the annual pay raises of 0-1% don't even keep up with inflation so you effectively deteriorate your earnings the longer you stay here. This is true across departments and teams. I put up with this for years but when I finally resigned due to persistently low salary, I was first offered a pay raise and promotion to stay, which was nice, but after I turned that down, my group MD insulted and threatened me and used scare tactics to attempt to convince me not to resign...

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.

4.0
5 July 2026
Recommend
CEO approval
Business outlook

Pros

There is real opportunity for career and skill growth. The company runs short on head count, so people willing to take on more responsibilities have avenues to progress. However, you will need to force the issue for promotions & large salary increases after you prove your capabilities. Realistically it'll take an external counteroffer to move the needle.

Cons

It's a large bank and you're a number in the system. If your NPV is positive you'll stay, else you'll be laid off. This includes both scenarios you control and those you don't. Ex. You control your performance, in office time and networking You don't control if your location is a strategic growth site, if a major client goes with a competitor, or if you'd be impacted by a general company-wide layoff plan.

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