No longer an employer of choice - Vice President Operations & Technology BNY Employee Review

3.0
14 Oct 2022
Recommend
CEO approval
Business outlook

Pros

Strong focus on DE&I initiatives and offer many Employee Resource Groups. Work from home offered for tech staff. Flexible work schedules if not in a client deliverable type role.

Cons

Do not believe the "advertised" company core values. Staff do not have the freedom to speak-up. There is so much change and aggressive financial targets, people no longer matter go senior leadership, just hitting the #s. Headcount is cut before tech automation delivery, those left behind have to work unsustainable long hours and no longer have work-life balance. Turnover is at an all-time high and burnout is at an alarming level. Internal promotions are only possible one-time a year. You can get the higher job and responsibilities, just not the appropriate pay. Operations staff do not have the same flexible work arrangements to WFH as the tech staff do. Company is being led by tech staff who do not understand operations. While wellbeing and learning/development resources are available, staff do not use them because there is no time permitted. BNYM was at one time a great company to work for. I no longer recommend the place for employment.

Explore other reviews about BNY

5.0
23 Jun 2026
Recommend
CEO approval
Business outlook

Pros

Really technology driven and laid back first

Cons

Low salary for new associates.

4.0
5 Jul 2026
Recommend
CEO approval
Business outlook

Pros

There is real opportunity for career and skill growth. The company runs short on head count, so people willing to take on more responsibilities have avenues to progress. However, you will need to force the issue for promotions & large salary increases after you prove your capabilities. Realistically it'll take an external counteroffer to move the needle.

Cons

It's a large bank and you're a number in the system. If your NPV is positive you'll stay, else you'll be laid off. This includes both scenarios you control and those you don't. Ex. You control your performance, in office time and networking You don't control if your location is a strategic growth site, if a major client goes with a competitor, or if you'd be impacted by a general company-wide layoff plan.

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