No Opportunity for Promotion - Trust Associate BNY Employee Review

1.0
23 Aug 2010
Recommend
CEO approval
Business outlook

Pros

- availability of instant coffee machine - free water - friendly secretaries and security staff in building

Cons

- hardly any opportunity for advancement - lots of socializing required at work in order to be recognized and admired by management. - promotions and merit increases are nonexistent. - grad school tuition reimbursement is subject to management discretion...not everyone gets this benefit. Those who are approved and are in classes, take time to study for exams and complete school homework while at work. - diversity is nonexistent: vast majority of employees are male, white, and well under 30 years old. - additional time off requested for personal and/or family emergencies is impossible, and frowned upon by management. Work/life is not balanced. It's all about getting work done. - working from home is a benefit only given to managers. regular employees have to stay in the office for full day - it is nearly impossible to reach those managers working from home via multiple communication means - performance management reviews are a joke. Managers don't spend the time (or any time) describing the accomplishments of their employees so opportunities to be part of the promotion from within program are nonexistent. - food celebration parties are always given for managers; regular staff don't get recognized at all. - training is nonexistent; managers do not train their employees, nor do they encourage learning from among their peers.

Explore other reviews about BNY

4.0
24 Jun 2026
Recommend
CEO approval
Business outlook

Pros

Collaborative team environment, good work-life balance, exposure to enterprise-scale applications, and opportunities to learn new technologies and business processes.

Cons

Some processes can be slow due to organizational complexity, and contractors may have limited visibility into long-term strategic initiatives.

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