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      BNY

      Engaged Employer

      BNY reviews

      3.4

      55% would recommend to a friend

      (13,793 total reviews)
      avatar

      Robin Vince

      62% approve of CEO

      56% positive business outlook

      Ratings by category

      3.8

      Diversity & inclusion

      3.4

      Work/Life balance

      3.3

      Culture & values

      3.3

      Compensation and benefits

      3.2

      Career opportunities

      2.9

      Senior management

      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).

      Ratings by demographic groups

      Reviews by job title

      14K reviews
      3.0
      Dec 1, 2008

      I like working at the Bank of New York Mellon but.....

      Senior relationship manager
      Recommend
      CEO approval
      Business Outlook

      Pros

      The Bank of New York MELLON is in the process of a tremendous face lift. The cultures of Mellon and BONY are completely different. I think the best of both worlds will prevail. Mellon has a focused business model and a young managment team ready to hammer it out. The Bank of New York brings seasoned vets into the mix to help with the intergration.

      Cons

      This past year we had to wait almost 10 months without getting any comissions. That's just ridiculous

      3.0
      Nov 26, 2008

      Back office experience @ BNYM

      Tax analyst
      Recommend
      CEO approval
      Business Outlook

      Pros

      When you first graduated from college and you can't find a job else where. Job experiences have to come from somewhere. As the old saying, "gotta pay to play." The company does improved a lot from after the merger. Some rules have changed, such as one year for internal transfer, 401k starts immediately after you got hired (the core free contribution from the firm starts after 1 year working in there). The company like most other does provide some classroom training you can sign up for it. There is also tuition reimbursement, but only for business related class. Overall, BNYM is the biggest custodian bank in the work and it is quite a good brand name recognition.

      Cons

      The company is very cheap. Working at the back office of the bank was not a too good of an experience. computer are quite outdated at my office, everyone is still using the CRT monitors. There are no color printing. The printer my group use has been working for many years. Since my building was in downtown brooklyn, BNYM does not own the building, but rather a lease. They do not serve lunch in the building. There is a cafeteria for if you bring your own lunch. I still couldn't believe that they did not not provide soap and sponge. I don't think they like spending money on their employee's work place that much.

      3.0
      Oct 31, 2008

      Good Company. Middle management could use some work.

      Vice president
      Recommend
      CEO approval
      Business Outlook

      Pros

      Opportunity for professional and career growth is good. Creativity is encouraged. Communication within the company has significantly improved. Compensation is fair i.e. market rate.

      Cons

      The bank has an entrenched old boy network. You can work smart, hard, and work to improve the bottom line of your respective department however, management continues to acknowledge and rewards those they like. Mediocrity and complicity is rewarded. The company values Trust, Teamwork, and People are not adhered to by middle management. I believe the CEO is sincere however, his middle management have not bought into his message.

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