Managing Director - Managing Director BNY Employee Review

2.0
Aug 17, 2015
Recommend
CEO approval
Business Outlook

Pros

For an entry level employee, an opportunity to develop experience that could be used to obtain another position.

Cons

There is still limited integration between the BONY and Mellon businesses, both in the people and systems, even now 8 years after the merger. Culture supports employees that actively avoid assisting other employees understand the complex systems across the Bank leading to no efficiency or communications within the Bank. Bank employees have no interest in the long term success of the Bank due to this "culture" and are either actively looking to move to other opportunities or hoping to reach full pension (at least until the ongoing plan for grandfathered employees was recently frozen). Not much to recommend this place. The only employees who seem to enjoy the work are those who have found a niche where they do not have to communicate with other departments of the Bank. Even then, compensation is low in relation to the industry.

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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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