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
3.0
Oct 25, 2008
Recommend
CEO approval
Business Outlook

Pros

Laid back work environment. Plenty of autonomy to do my job as I see fit.

Cons

Compensation ok but not great relative to peers. Too many lifers hanging around without motivation. IT infrastructure could be described as penny wise pound foolish. Entire backoffice departments could be eliminated via techonology, but are kept around to keep people employed because a lot of lifer types still around from legacy Mellon.

4.0
Oct 17, 2008
Recommend
CEO approval
Business Outlook

Pros

Bank of New York Mellon understands and values the need for employees to have a good work/life balance. Workers at BNY Mellon have a reasonable degree of autonomy and flexible working arrangements are readily available. An attitude of trust pervades the workplace.

Cons

There seems to be a slow road to promotions. There is a newfound focus on efficiency (aka cost cutting) which may impact moral & work experience in the future. Salaries are middling at best and overall employee longevity reduces prospects for rapid advancement.

4.0
Oct 9, 2008
Recommend
CEO approval
Business Outlook

Pros

Sr Management communicates broad issues/initiatives well. During the merger/integration, updates were provided frequently. The CEO. Bob Kelly, even has a blog (and pictures) describing his recent activities and issues as they arise. Sr Mgmt. is committed to expanding the company worldwide and supports many diversity initiatives.

Cons

Middle managers vary in communication and developing staff. Some managers are great at providing new growth opportunities and developing succession plans. Many managers do not develop next level staff, or provide opportunities to develop new skills or introduce staff to key people within the company. Business as usual often tends to mean "don't ask questions, just do your job." Often promotions are based on number of years tenured and favorites within the company. Many long term managers that are not looking for new ways to innovate or change.

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Glassdoor has 15,566 BNY reviews submitted anonymously by BNY employees. Read employee reviews and ratings on Glassdoor to decide if BNY is right for you.