BNY reviews

3.4

54% would recommend to a friend

(13,851 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 13,851 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
Feb 9, 2020
Recommend
CEO approval
Business Outlook

Pros

The benefits were actually good, although definitely got worse over the years. For those whose priority is work-life balance this company is perfect. It was a true 9-5 in the two departments where I worked.

Cons

Where to begin. (1) Upward mobility was pretty much impossible. One reason for this is that the job is so comfortable that no one leaves, so you most likely end up stuck in the same role for years. (2) Being a large organization, it ends up running like a factory where you do one thing only. I knew many people that had spent 10+ years doing one function. If you're hungry and have career aspirations, you'll find yourself very frustrated. Also forget about applying internally to jobs. No help there. (3) Salaries.. All I'll say is that in the 2+ years since I've left, my salary has doubled. Average annual increases were 1-2%. Since I was in the "exceeds expectations" bucket, it was 2-3%. My first year at my new firm, it was 9%.

3.0
Jan 18, 2020

Layoffs

Recommend
CEO approval
Business Outlook

Pros

Collaboration between teams. Colleagues are always willing to help. Paid time for volunteering

Cons

Constant round of layoffs. Employees who remain are left scrambling to get work done without a clear direction from management about who should do the work of the people who are no longer there. Most current employees are looking for a job because layoffs are not due to performance issues. Even the previous CEO, Charlie Scharf left.

2.0
Jan 15, 2020

BNY Mellon went Downhill Fast

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

The people are BNY Mellon were always fantastic. Paid time off can be generous depending on your level.

Cons

BNY Mellon was a wonderful place to work when I joined the company in 2016. Once Charlie began his reign, everything went downhill. Between layoffs and hiring freezes, my department lost numerous employees without the ability to replace them. Employees were working long hours to compensate for the reduction in workforce and management did not care. There were no promotions because of cost cutting. Some promotions were deemed "merited" by management, but not possible because of funds. There is no opportunity to advance within the company. Once you are in one department you are relegated to it forever with few exceptions. With a 1% or 2% raises each year there isn't much incentive to stay. Oh and the fact that the bonus pull for eligible employees dwindles year after year...

Viewing 361 - 363 of 13,851 Reviews

Glassdoor has 15,630 BNY reviews submitted anonymously by BNY employees. Read employee reviews and ratings on Glassdoor to decide if BNY is right for you.