Sad place to work - Senior Wealth Manager BNY Employee Review

1.0
4 Sept 2025
Recommend
CEO approval
Business outlook

Pros

The clients. I loved working with the clients.

Cons

Incredibly poor leadership and management within Wealth Management business during my time. Leadership demonstrated a complete absence of understanding for (or interest in) the realities of the company as it went about imposing its vision for the future. The narcissism and self-interest at the top directly and indirectly drove huge amounts of turnover over a five-year period, which resulted in the loss of critically valuable institutional knowledge. This cultural cleansing of those representing yesteryear paved the way for incoming hires who, while often well intentioned, were tasked with implementing the un-implementable. Inevitably, teams would run time and time again into dead-end initiatives. The resulting U-turns and pivots led a constant stream of contradictory top-down messaging, wasted hours and total disillusionment among staff. Regrettably, as the business continues to atrophy, there remain many good people at the company. They deserve better.

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.

3.0
30 Jun 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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