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      BNY

      Engaged Employer

      BNY reviews

      3.4

      54% would recommend to a friend

      (13,832 total reviews)
      avatar

      Robin Vince

      61% approve of CEO

      55% positive business outlook

      Ratings by category

      3.8

      Diversity & inclusion

      3.4

      Work/Life balance

      3.3

      Culture & values

      3.3

      Compensation and benefits

      3.2

      Career opportunities

      2.8

      Senior management

      BNY has an employee rating of 3.4 out of 5 stars, based on 13,832 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).

      Ratings by demographic groups

      Reviews by job title

      14K reviews
      3.0
      Dec 17, 2008

      Not too bad of a place to work

      Software engineering associate i
      Recommend
      CEO approval
      Business Outlook

      Pros

      Mellon is an ok place to work. The starting salary is good, and the benefits are not bad either. My managers are very flexible as far as time off and not over extending too much past the 40 hour work week. The workload is reasonable.

      Cons

      Career development. Once you start working in a position it is very hard to get promoted up. They also tend to not give anything but the bare minimum for raises. Also because its a financial company, when the economy sucks, brace yourself as layoffs could be around the corner.

      3.0
      Dec 11, 2008

      BNY is going through growing pains.

      Senior manager
      Recommend
      CEO approval
      Business Outlook

      Pros

      Within trust area, strategic decision making was not sound. I was there during a very difficult period for the industry and business. For instance, acquistion of JPMorgan's trust business was probably too big for the management team at BNY to handle. This then resulted in high turnover in both junior and senior management ranks and drift in strategy.

      Cons

      Finding its footing during and after the 2008 financial crisis is going to be very distracting. This is especially true in the trust area.

      2.0
      Dec 4, 2008

      Stay away from the Bank of New York Mellon!!!

      Senior investment accountant
      Recommend
      CEO approval
      Business Outlook

      Pros

      The only reason to work for The Bank of New York Mellon is if you want a job that is secure and you don't have to think too much or work hard.

      Cons

      There are many downsides to working for the Bank of New York Mellon (BNYM). I worked in the Master Trust department, which perfromed accounting for pension funds and other large institutions. The work was extremly boring and unsatisfying. I would only have to really "work" 2 weeks out of the month. This may fine with some people, but not being challenged or growing professionaly is a problem with me. The company treated their employees like garbage, had poor morale, and provided non career advancement. I am not some disgruntled former employee. I was always given excellent reviews, given high % raises, and put on a "special" program where I recieved a raise every six months. This program was "special" because you weren't allowed to tell anyone you were on it. If you had a program like this and wanted to provide an incentive to your employees to work harder, wouldn't you want to tell all the employees about the program? Stay away, don't even consider it. Even if this is your first job offer out of college don't accept it. It wil only set your career back in the long run.

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      Glassdoor has 15,611 BNY reviews submitted anonymously by BNY employees. Read employee reviews and ratings on Glassdoor to decide if BNY is right for you.