BNY reviews

3.4

53% would recommend to a friend

(13,865 total reviews)
avatar

Robin Vince

61% approve of CEO

55% positive business outlook

BNY has an employee rating of 3.4 out of 5 stars, based on 13,865 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
4.0
Oct 25, 2011
Recommend
CEO approval
Business Outlook

Pros

Good place to get your feet wet. Great benefits, and fun atmosphere with lots of recent college graduates. Learned lots of skills.

Cons

Benefits were great, but raises were weak or unheard of. Felt a little stuck in the role you are in. Without great networking, you cannot advance.

1.0
Oct 23, 2011
Recommend
CEO approval
Business Outlook

Pros

Good pay for experieinced people, NY folks are great to work with, and the execs are trying to change the culture since the merger.

Cons

Technology is 20 years behind others, no joke! Pittsburgh employees are backstabbers, the IT folks in Pitt are mostly interested in Steelers vs. working - they are lazy, lack any real development skills, and mgmt seems to put women in key positions more often than not (all for it, as I am a woman myself)... way too many people in mgmt levels, lots fo $ being spent, but lousy technology and mostly a manual process to get anything. They have Lotus Notes E-mail ! HR is incompetent at best, they really are the worst I have ever seen in over 20+ years of working! They do nothing and contribute 0 to value-add. Try to work in NY i you have to work there, and avoid Pitt at all costs - they are lazy, backstabbers, and work at most 7 hour days - and way too many people in IT there - they should fire all of them!

2.0
Oct 20, 2011
Recommend
CEO approval
Business Outlook

Pros

The company name looks great on a resume, vacation time, the benefits are decent, training is available but the training prepares you to go elsewhere

Cons

If you are hard working, intelligent, determined, you care about the quality of your work, are honest and will not sacrifice your integrity The Bank of New York Mellon is not the place for you. If you are someone who is looking for a career not a job but a career that offers endless growth, opportunities, and room for advancement The Bank of New York Mellon is not the place for you. The only way to advance in this organization is to know someone in upper/senior management or become a “teacher’s pet”. Throughout the years I have seen individuals be promoted on the basis of…I have no clue, but I do know that promotions are not based on knowledge, skill or expertise it’s all about whom you know not what you know. Office politics is most definitely at its best here. The compensation is significantly below the market rate, to be exact compensation is pitiful and downright pathetic. The raises are minuscule, you will probably find more cash in the cup holder in your car than what you would receive as a raise. Outperformers are not compensated, appreciated or recognized as they should be. The office environment is daycare for adults, management hand holds and makes excuses for the incompetent adults instead of immediately addressing the individual or firing them. Management does not reward the hard workers the incompetent receive all of the attention, intelligence is not rewarded or required here.

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