Disappointed in senior leadership - Vice President BNY Employee Review

1.0
27 Jul 2019
Recommend
CEO approval
Business outlook

Pros

Great people, casual and friendly working environment. I used to love this company and always felt that my direct managers valued my contributions and fought for my career growth.

Cons

Bny has always paid on the low end and bonuses and promotions were downright depressing. With that came a flexible work life and job stability. The new senior leadership kept the bad and did away with the good. They tout a ‘pay for performance’ attitude by force-ranking and laying off the dead weight but they forgot to actually pay the good people. And now they are continuing to cut too deep and losing extremely smart and talented people. Loyalty to my direct manager is the only thing that has kept me here and that is only going to last so long.

Explore other reviews about BNY

5.0
21 May 2026
Recommend
CEO approval
Business outlook

Pros

Good work environment and people

Cons

Difficult to switch roles or departments

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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