Stats don't lie - Vice President BNY Employee Review

1.0
12 Aug 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
7 Apr 2026
Recommend
CEO approval
Business outlook

Pros

Decent pay, Great people, laid back environment, and great managers.

Cons

Pay could be better honestly.

3.0
30 June 2026
Recommend
CEO approval
Business outlook

Pros

After the latest re-structuring and going agile, I don't find any. But before, a stable bank with a good book of work. Positive environment with support from your colleagues. Industry standard medical plan and vacations.

Cons

Bonuses and salary raises are hugely dependent on who you know in the senior management and how they perceive you rather than what you actually delivered.

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