When I first started at The Bank of New York, I felt like I hit the jackpot and would retire here. Full training was provided and opportunities to grow and learn were plentiful. The work environment was great and co-workers were happy. My reviews had consistently exceeded expectations and my salary increases represented that Since the merger with Mellon in 2007, and especially since the recession, it's a different place. My workloads and responsibilities have doubled yet my increases have stayed between 1.5 - 1.99% in spite of still "exceeding expectations" and that's after not receiving any raise at all in 2009. I'm actually making less money than when I started 14 years ago because the cost of living has exceeded my "raises". I can no longer afford to stay employed at BNY Mellon and most of my coworkers are looking for other jobs because we are overstressed, underpaid and no longer happy.. It's a good place to work if your a manger or above, or in a position where you are bringing in new business or clients, but if your in a job that keeps the business operating, expect to be poor. There are even employees (many) who receive some form of government assistance (in spite of being there a decade) because the salaries are so low. If your a college intern or recent graduate looking for a first job to gain experience it can be a good place to work, but don't expect to stay there long if you want a future.
