The two week recharge has actually helped me and I am thankful for it. It has helped me figure out, this place is not for me. Thinking about flourishing here is expecting Moses to part the seas again. To all those considering applying to BNY here are some honest truths:
- Unless you have been hired as "friends and family (happens most of the times in senior roles) and are ambitions, then you better be at a senior director or on a greater band. Anything lower, youre basically at a rookie/analyst level, no matter what stars and moon were promised during hiring. Analysts, associates, VPs, SVPS, directors all do the same roles in a typical day.
- If you have the misfortune of joining here because of life circumstances, then be focussed on what your career goals are, for once inside this place, its easy to forget the noth star and start feeling lost. Keep interviewing to better the situation that got you into BNY. Always remember this place is a steppingstone/temporary float. NOTHING MORE.
To expect anything more, is stupidity.
- If you are someone who disconnects from work and just considers work as a bill paying arrangement, you WILL thrive here. If you have a grain of ambition, this is not the place for you.
- People diss a lot of cr-p on roles going to India/other growth centers. understand thats economy of scale, manufacturing, roles, go to places where output is cheap. 1 brain in america is 4 times a brain in india. if money was coming off your pocket, what would you do (assuming all other factors remain the same)? Dont fall into that petty war. get your differentiating factors of what makes you unique and hone the skills. Profitability increases if operating expenses go down. Its also a good introspection excercise, What is that you are doing that cannot be done by a person from a cheaper region of the world? If the answer is pretty much most of it, then skill up OR start something of your own.
- Do not join an line of business which does not contributes to the revenue. Every other category is a dog and pony show. work is manufactured every quarter to show false output.
If Team expansion is sold as budget increase because of better business outlook, dont fall into the trap. its the MDs hiring team sizes to increase their power for bigger bonus packages. That brings me to another truth
- Attrition rate is very high since the last 18 months: because the friends and family are hired, your hiring purpose falls by the wayside. Eventually this will look like a lost lost cousins bank. Saving grace is if any of them can trace their roots back to Hamilton. Very soon I suspect there will be gang wars: gangs of indians vs Gangs of Irish. One lacks brawns, the other lacks brains.
- Do not fall into acronyms and TLAs used here every few quarters, PODs, POMs, its whatever the Mckinsey clowns sell RV over expensive meets that gets shoved down the pipes, until they get clogged cleaned and soething new comes up. The most innovative comanies did not build anything on powerpoint or jira. somehow this place thing these to Saas are a path to success.
- Get used to reorgs every few times in a year
- which could impact your career progress
10 if youre "why I joined has a delta of what youre joing for more than 2 qtrs, get the Heck out"