Pros
General pros: • Generally easy 9-to-5 working style is common • Minimal workplace pressure • Basic benefits include health care, vision, dental, and disability IT-specific pros: • Low-speed development with no high-pressure situations • Moving towards development style and tools that align more with the overall external development community
Cons
General cons: • Low salaries • Low-end benefits and perks, such as limited healthcare options, minimum workplace perks (e.g. costly cafeteria food, small gym membership discount), limited community engagement, no transportation subsidies (only provides for the federal standard of pre-tax contributions for transportation and parking from your own salary) • Segregated disciplines, leading to poor career growth opportunities • Risk-adverse company means little innovation or new market headway • Aging workforce with minimal sympathy from occasional younger talent • Classic hierarchical management model with minimal transparency, limited dissemination of business vision ( marketing vagueness such as "BNY Mellon's Plan to Win") IT-specific cons: • Ancient, non-standards compliant systems and technology • Impossible teams and management structure • "Flavour of the day" technology focus • Lack of communication and coordination amongst IT groups, leading to redundant development and support • U.S.-centric despite substantial development focus in India • Completely behind all major tech and engineering firms when it comes to new technology, development, and innovation