BNY has never been about performance, it’s always been who you know. I left years ago because I got tired of the dead-end grind and the constant politics. The culture is still toxic and unprofessional, and anyone still there should take a step back and see what they’re really part of.
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I was there for 4 years. It’s a cesspool of sh---y spineless managers, who will sc--w anyone to please the useless senior management. Also many team members would play politics, backstab the dedicated team members and openly mock them in meetings. Hope they lose their prized clients and that cesspool gets shut down for good.
I give it 5 years! By then, BNY will no longer exist. You can thank the incompetence and deceit at the top for that!
Speaking of a dead-end grind. You'd be shocked to learn how many former employees the Board and EC want dead in Massachusetts.
Over my lifetime I've worked for some extraordinarily bad people, and some great ones. The vast majority of the dreadfully bad ones have been at BNY within a span of 7 years.
Been at the firm for double figures years and this is 100% true, which is why so many parts of the business fall down, get bad audits or regulatory censure.
It's been increased in recent years, with just out of college analysts being given priority in terms of the 'good work' (i.e. interesting and visible projects etc), whilst competent but quiet staff have to muck out the proverbial stables.