Good coworkers and time off, but poor compensation, little to no career growth, and they take employees for granted. - Control Accounting Specialist BNY Employee Review

1.0
14 Apr 2011
Recommend
CEO approval
Business outlook

Pros

I've met some great coworkers during my time at BNY Mellon (none of them were managers). You have the option to buy up to a week of vacation and you're given 4 personal days on top of your two weeks of vacation, which is nice because you'll want to get away as much as possible.

Cons

- Out of touch, unprofessional management who don't reward high-performing employees adequately -- no incentive to try harder whatsoever. - Very limited career growth potential. You might move up to a supervisor position, but that is a pay decrease because you don't get paid overtime, and there is more overtime and late hours in my department than most people would want. - Start times are always changing in order to reduce overtime they'll have to pay us. - Constantly increasing workload with no rewards or pay increases, other than our once a year raise that doesn't even keep up with the cost of living. - Perpetually understaffed because it is very difficult and takes a long time to get new positions approved. They tend to wait until it's "too little, too late." - Lots of nitpicking, micromanagement, and checklists. - Very manual, paper-based company. - Lots of layoffs in the U.S. in order to outsource jobs to India. - Rewarding diversity seems to be a higher priority than rewarding performance.

Explore other reviews about BNY

5.0
23 June 2026
Recommend
CEO approval
Business outlook

Pros

Really technology driven and laid back first

Cons

Low salary for new associates.

4.0
5 July 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.

See reviews by: Helpful|Rating|Date|All