Stats don't lie - Vice President BNY Employee Review

1.0
Aug 12, 2015
Recommend
CEO approval
Business Outlook

Pros

Company did have the foresight to hire during the downturn in financial services in the wake of the Great Recession of 2008-2009.

Cons

Look at the stats... 2.8 rating, 42% would recommend to a friend. BNY Mellon (BNYM) is populated by numerous individuals who are long-time employees raised by the firm or newer employees who used to be at a major bank, wirehouse or RIA. If you are a well-informed, well-educated person, capable of critical thinking, consider all your alternatives. The annual review process here allows everyone around you to contribute, even if they don't work directly with you at all. They are big on stack ranking and you really can't do your best work when expectations for you are set low. Also, senior management changes make it hard to properly establish your brand. My boss had several changes in a short period of time. Some of the personalities are not very friendly if you are a nice person. In fairness, BNYM may be a good place for young people from UCF to start and learn a skill, but it can be treacherous for more established workers who want to make a difference. The problem is BNYM is constantly having rounds of layoffs, and if you have been politicized down to the bottom of the stack - you may be out.

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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