Toxic + underpaying - Software Engineer BNY Employee Review

1.0
Jan 21, 2025
Recommend
CEO approval
Business outlook

Pros

- better wlb than some competitors (jp Morgan and Goldman sachs) - Decent 401k match -full match up to 7% base pay but only contributed once a year

Cons

- Toxic environment - heavy preferences for employees from one ethnic background - Large amount of offshoring. Management wants to run the company on low expenses even if revenue decreased. They try to lay off staff and either retire the role, shift their work on current employees or off shore to India/Poland - 401k match is only given in January for the previous year - PTO is not paid out when leaving the company - Company & most teams expect more than standard work week. Many employees work until 6-7 regularly - Tracking in office attendance, and hours connected to network. HR fires anyone who doesn't meet their in office requirements after 2 strikes. - HR firing employees who don't connect to company network x number of hours, with no warning - Little diversity in many groups - Severely underpaid (20-40%) compared to other financial services companies - Expectation to be in office 4 days soon - Constant threat of layoffs and downsizing. Saw 4 senior employees get laid off - Forced rankings - Not many career advancement opportunities

Explore other reviews about BNY

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
See reviews by: Helpful|Rating|Date|All