BONY Mellon Lockbox: - Lockbox BNY Employee Review

1.0
Feb 22, 2011
Recommend
CEO approval
Business Outlook

Pros

(1) Bank of New York Mellon lockbox is always hiring. (2) The now hiring sign helps employees find the turn in to the employee parking area (3) Dental insurance option has a 90/10 plan

Cons

Management is demeaning. lack of interpersonal/management skills at the Richardson, TX location. Things to expect at BNY Mellon's lockbox: Mandatory Overtime Mandatory Work all your days off Mandatory work an additional 2-hours during the week Plan your vacation for the entire year by end of Jan with vacation based on seniority Management tends to focus on issues and problems with people (negatives) as opposed to focusing on solutions and value the employees bring to the business. Morale overall is low at this location in Richardson, TX. Location has a high attrition rate. Poor communication.

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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