Great company, terrible technology - Applications BNY Employee Review

2.0
Aug 23, 2018
Recommend
CEO approval
Business outlook

Pros

Reasonable work/life balance. Innovation center in Pittsburgh is cool. Ability to explore and develop new technologies.

Cons

I was part of technology. The former CIO used to come in with plenty of stupid ideas, most of which led to failure. Under his structure, the one in charge of asset servicing technology was by far the worst I had ever seen, but whose inadequacy to command was only surpassed by one of his technology managers. This lady had one rule: you either do it my way, or you hit the road. She did what she could until she was able to extinguish my position and lay me off. That was one of the happiest days of my professional life. P.S. They'll tell you that HR business partners are there to represent the best interests of the employee. Don't fall for that: they are aligned with management.

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.

4.0
Jul 5, 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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