BNY reviews

3.4

55% would recommend to a friend

(13,793 total reviews)
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Robin Vince

62% approve of CEO

56% positive business outlook

BNY has an employee rating of 3.4 out of 5 stars, based on 13,793 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
Jan 16, 2019
Recommend
CEO approval
Business Outlook

Pros

People working "on the ground" are great. Decent benefits (not medical-terrible).

Cons

Recent loss of working from home capabilities (regardless of productivity), Cutting and outsourcing workers to India and now Poland. No one at the top from the company, all brought in from JPM and outside. No promotions. Officially there is no "forced ranking", but on HR website says only 20% of division is allowed to be rated better than average and 10% should be rated below. Terrible medical.

1.0
Nov 13, 2018

They treat people like garbage

Recommend
CEO approval
Business Outlook

Pros

I'm struggling to find any pros other than the Pershing division. They are like a close-knit family, but unfortunately, with all the changes, I fear this won't last.

Cons

Charlie and his new leadership team are terrible. It is very clear that he has brought in all of his friends and family to run the firm. They are cold, callous, and uncaring to the staff. They are changing policies related to flexible work arrangements, so don't be fooled into thinking that this is a progressive company. It's the exact opposite. They are forcing rankings amongst the staff, and mandating that there be a minimum percentage of below expectations, without calling it a curve or forced ranking. The benefits are terrible - very expensive, with poor coverage. The salaries are uncompetitive once you stay for a while, and overall compensation is questionable at best. In many parts of the firm, people are paid lower on the salary and higher on the bonus. Now it seems in the middle of the game, they are going to slash the bonuses in those structures, even though people depend on them as part of their compensation. If you are at the Director level or above, you need to give 90 days notice in order to leave and retain your bonus, or they can take legal action against you including claw-backs. This requirement is recent, and staff were forced to sign an agreement late in the year, otherwise they forfeit their already earned incentive compensation. Again - changing the rules in the middle of the game at the expense to the employee.

1.0
Jan 11, 2019

King Charles III is taking BNY Mellon back to 1980.

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Great team, interesting work. The system I work on is complicated, but that's a good thing. You don't get bored.

Cons

Since King Charles III took over as CEO, it's his way or the highway. The latest harebrained scheme is to force people to come to the office every day instead of working from home. In this day and age, that's just moronic. Most people face horrible commutes in urban traffic, and when you could spend that time being productive, it's just a Dilbert cartoon brought to life. But, the King has spoken, and his subjects must obey, or quit and look for a better work environment. The other idiotic idea from the '80s is that 10% of each group must be rated as 'not meeting expectations'. Why? Because some corporate goal wasn't met in 2017. Now, you might think that management, especially upper management, would be held responsible for that, but no. They decided to punish people below a fairly low level instead. So the CIO gets $10,000,000 a year, and we get screwed. I don't know what's wrong with these people. Maybe it's just the disconnect between multi-millionaires and the lives of the worker bees.

Viewing 7 - 9 of 13,793 Reviews

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