Ridiculous compensation structure - Lead Analyst BNY Employee Review

1.0
Mar 28, 2023
Recommend
CEO approval
Business outlook

Pros

If you are lucky to be in a good team or group with a good group manager. Matching 401K up to 7% but matching is only contributed to 401K at the end of the year so you can’t dollar cost average.

Cons

Non exempt employees can make more money than exempt employees two levels higher with overtime. Annual raises are not keeping up with inflation. Most managers, AVPs and VPs had never went through leadership training. Some teams are filled with incredibly selfish people who don’t help other employees. Most middle managers have no concern for professional development for staff. They just want everyone to stay where they are doing the same tasks. Servicing a financial product gets compartmentalized to gain economies of scale in turn if you don’t move around you are not marketable when looking for jobs outside the company. They know this so they take advantage of lowballing employees in raises and in promotions. Incredibly short sighted company who doesn’t value human capital while courting executive level people.

Explore other reviews about BNY

5.0
May 21, 2026
Recommend
CEO approval
Business outlook

Pros

Good work environment and people

Cons

Difficult to switch roles or departments

1.0
Apr 28, 2026
Recommend
CEO approval
Business outlook

Pros

Job only as good as immediate manager. Salary is Ok ish Benefit options are ok not great.

Cons

1) Retaliation is a way of life at this company going back to 2018 and becoming worse since 2) Mid level managers are very efficient at passively insulting the Teams they are responsible for. 3) It is nearly impossible to advance in the company. 4) When you try to post to another department - your Mid level manager will do the best to stop you from advancing. Some have close friends in HR that will even have you submit a new application in an attempt to accuse the other department of recruiting you. I have experienced this. 5) The only way to increase pay and experience is by leaving the company. 6) It use to be a culture of lets help others when there is a problem, now it is lets find who to blame for upper mangers rushing a project before all risks are identified. 7) If you are taking a new Job - professionally push for higher Salary once you are in raises will be very small.

5
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