Good health benefits, mid level management is severely out of touch with employees since takover by the Bank of New York - Operations Associate BNY Employee Review

2.0
Jul 7, 2011
Recommend
CEO approval
Business Outlook

Pros

The benefits package is good, the vacation time is generous.

Cons

Mi-level management in out of touch and unwilling to educate them selves on the old Mellon system when necessary. Mid level managment is extreamly Bank of New York oriented, dimissive of old Mellon inployees and often degrading. Much of the work is being moved to India. There is little to no communication about a direction the department is going, and the new new over all head is in another country. Mellon was a good place to work for, however now that the Bank of New York has taken over, that is not longer the case.

Explore other reviews about BNY

5.0
Jun 23, 2026
Recommend
CEO approval
Business Outlook

Pros

Really technology driven and laid back first

Cons

Low salary for new associates.

4.0
Jul 5, 2026
Recommend
CEO approval
Business Outlook

Pros

There is real opportunity for career and skill growth. The company runs short on head count, so people willing to take on more responsibilities have avenues to progress. However, you will need to force the issue for promotions & large salary increases after you prove your capabilities. Realistically it'll take an external counteroffer to move the needle.

Cons

It's a large bank and you're a number in the system. If your NPV is positive you'll stay, else you'll be laid off. This includes both scenarios you control and those you don't. Ex. You control your performance, in office time and networking You don't control if your location is a strategic growth site, if a major client goes with a competitor, or if you'd be impacted by a general company-wide layoff plan.

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