Got rid of 401k match - Senior Software Engineer BNY Employee Review

2.0
Mar 27, 2023
Recommend
CEO approval
Business outlook

Pros

Can be a stepping stone. Depending on your group there may be plenty of opportunity.

Cons

They got rid of the 401k match. It’s a “quiet” pay cut of $12k! They say they “might” contribute a match in March of the following year. However they won’t say what the match will be. And if they fire you or you leave before they match they will definitely not pay you. Such a cheap shot, lining up interviews with other companies who aren’t run by a CEO who takes his cues from Frank Shirley (Christmas vacation).

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
Jun 30, 2026
Recommend
CEO approval
Business outlook

Pros

After the latest re-structuring and going agile, I don't find any. But before, a stable bank with a good book of work. Positive environment with support from your colleagues. Industry standard medical plan and vacations.

Cons

Bonuses and salary raises are hugely dependent on who you know in the senior management and how they perceive you rather than what you actually delivered.

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