BNY reviews

3.4

54% would recommend to a friend

(13,847 total reviews)
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Robin Vince

61% approve of CEO

55% positive business outlook

BNY has an employee rating of 3.4 out of 5 stars, based on 13,847 company reviews on Glassdoor which indicates that most employees have a good working experience there. The BNY employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

14K reviews
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.

1.0
Jun 7, 2015
Recommend
CEO approval
Business Outlook

Pros

Great for temporary line of work.

Cons

Management is very unethical & unprofessional. A lot of employees were sexually harassed/ innuendos, teasing, the culture is like being in High School all over again. Even though your coworkers age range from 21 to late 40's. There is absolutely NO growth potential here. My coworker had worked for 10 years.. he was making $5 more than I was (I was in my first month). Everyone looked like zombies. Some people tried to make the best of it. Also another big one: there's literally NO transferable skills for any other line of work. The longer you work here- the harder it will be to find a better job because no transferable skills.

2.0
Jun 6, 2015
Recommend
CEO approval
Business Outlook

Pros

You learn a lot on securities, trading, different products and interpersonal skills will develop here. Permanent employee benefits, 401k, Roth 401k, Life Insurance, Medical, Accidental insurance, tuition reimbursment, wellness and health, dental, vision etc. Schedule is good, solid work/life balance Clean professional building with security. Free lunch if you work through it. Plenty of overtime. Friendly employees.

Cons

Lack of training. You learn it all on each call you take. The 5 weeks of training only gives you basics. There is too many products and situations that will not prepare you. Huge Turnover rate, out of 13-15 people per training class all but 2-5 leave within a year. Too many inexperienced workers cause unnecessary escalations and make others upset. This should be number one but the pay is not any good or merit increases. No bonuses. You start most cases in a temp agency before being hired. This is a high stress enviroment with many rude callers. PFS Agents are disrespectful and unprofessional. Some not all. One of the worse even though you have two 15 min breaks and 30 min lunch if you take unscheduled break for the restroom and you are too long you get lectured.

Viewing 307 - 309 of 13,847 Reviews

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