Started great, bad ending - Fund Accountant BNY Employee Review

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.

Explore other reviews about BNY

5.0
Jun 5, 2026
Recommend
CEO approval
Business Outlook

Pros

Great company match at BNY

Cons

In the office 4 days a week

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
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