Pros
It is a good working experience if you enjoy working with foreign trade etc. There are a lot of departments and everyone should have a chance to work within or be familiar with them. It doesn't give employees a realistic perspective of what it is like to work in foreign trades and other things bank of new york is known for. They have so many worldwide locations so the chances of one ending up in a different city are rare to none, it is disappointing, they should have more cross training amongst departments and ability to go to another office if one desires
Cons
Too little chance of moving up the ladder and getting promoted fast. The training given is the absolute worse method. You have to sit deskside to someone who has been here for six months or more, its kind of annoying if that person is in a senior position because they have that ego booster already and they have been here for too long so its hard to get adjusted to that. Vacation time is only 2 weeks no matter what tenant position you hold, three weeks after 12 months should be given as most companies do anyways. MORE VACATION TIME!