Limited Career Progression - Anonymous employee BNY Employee Review

2.0
Sep 30, 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
Jun 23, 2026
Recommend
CEO approval
Business outlook

Pros

Really technology driven and laid back first

Cons

Low salary for new associates.

3.0
Jul 2, 2026
Recommend
CEO approval
Business outlook

Pros

Work life balance is good for the most part.

Cons

Everyone in upper management (including our CEO) has come from JP Morgan or Goldman Sachs while employees who have worked at BNY for 20+ years are not being chosen for promotion opportunities. Looking to juniorize the company yet give zero training and support for analysts starting out. The culture has completely changed over the last few years, looks like a different company.

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