Cutting to the bone - Compliance BNY Employee Review

3.0
Jan 3, 2020
Recommend
CEO approval
Business Outlook

Pros

Interesting work, good people, good salary

Cons

BNY Mellon has been on a RIF/cost cutting and forced performance ranking for past 2 years under former CEO Scharf. many good people terminated throughout company. yet managers hired in NYC at higher salaries. Only hope is that new interim CEO realizes mistake and takes more measured approach

Explore other reviews about BNY

5.0
May 21, 2026
Recommend
CEO approval
Business Outlook

Pros

Good work environment and people

Cons

Difficult to switch roles or departments

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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