BNY reviews

3.4

55% would recommend to a friend

(13,777 total reviews)
avatar

Robin Vince

62% approve of CEO

57% positive business outlook

BNY has an employee rating of 3.4 out of 5 stars, based on 13,777 company reviews on Glassdoor which indicates that most employees have a good working experience there. The BNY employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

14K reviews
2.0
Jan 25, 2024
Recommend
CEO approval
Business Outlook

Pros

Depending on your client, work-life balance will be ok. Colleagues are pretty helpful. Pay is fairly standard, though some companies pay slightly more. You get more sick days than other companies and they’re not lumped in with vacation. Health insurance though not the best are also three tier which is better than other financial service companies as they’re not all just high deductible plans.

Cons

Pretty much all decisions in the last two years have not been employee centric. 401k is paid out once a year which prevents you from benefiting from any dollar cost averaging. Benefits have slowly been eroding. New CEO is trying to align the company with the rest of the industry at the cost of losing staff. Closing one office and relocating, causing the staff to pay more in income tax and offering no raise or incentive. Laying off once a year and then claiming an increase in Q1 revenue, then trying to rehire that same staff back. Very rigid with return to office, absolutely no exceptions for people with longer commutes. Hiring people from out of state and not communicating the closure of one office even though that would increase the new hires commute by over an hour. Offering no quality of life raises to most staff in 2023. Also upward mobility is non existent. Outside hires are brought in to fill higher level positions.

2.0
Mar 6, 2019
Recommend
CEO approval
Business Outlook

Pros

Well... the staff and lower to mid managers are great, though the morale has taken a tail dive.

Cons

Management does NOT care about staff. They are constantly shipping jobs overseas and doing so without proper planning or adequate justification. Each go 'round we try to hold back a little knowing another one is coming. The leadership is terrible.

1.0
Sep 26, 2018

Layoffs twice year - Beware

Recommend
CEO approval
Business Outlook

Pros

Good Benefits. Decent work / life balance for most.

Cons

What they are doing is unethical! Stay away if you can. Management is told to lay off people twice a year. Each person on the team is graded against each other. The people with the least amount of experience and/or less face time with management are targeted for layoffs. Then employees are replaced by cheaper offshore contractors.

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Glassdoor has 15,549 BNY reviews submitted anonymously by BNY employees. Read employee reviews and ratings on Glassdoor to decide if BNY is right for you.