BNY reviews

3.4

54% would recommend to a friend

(13,822 total reviews)
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Robin Vince

61% approve of CEO

56% positive business outlook

BNY has an employee rating of 3.4 out of 5 stars, based on 13,822 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, 2009
Recommend
CEO approval
Business Outlook

Pros

Provides a reasonable introduction to the financial world. Low risk work as BNY-M mainly provides financial utilities to the rest of the industry. Stable environment - change is slow, travel is avoided. What knowledge there is, is available for sharing. Easy work.

Cons

Complete lack of innovation - leads to inflexibility and inefficiency. Excessive layers of middle management means that incorrect or ineffective decisions are taken, combined with a lack of responsibility. Managers often lack sufficient knowledge to do their job. No clear direction on where the company is headed. Career advancement is challenging even though staff turnover is worryingly high.

2.0
Feb 2, 2009
Recommend
CEO approval
Business Outlook

Pros

You need money to pay your bills

Cons

Except for the slim payslip, thanks God I still have one in these hard times, I am still looking for a good reason to work for BNY Mellon. The Bank is organized as a data plant, there ia an extreme appointment of jobs like in the Ford factories in the first decades of XX century, as a consequence the daily tasks assigned to one employee are limited and of course repetitive till the vomit. The organization is extremely hierarchized, market specialist are controlled by controllers, controllers by the team leaders, the team leaders by Team Managers of firts level who are controlled by Managers of second level which are controlled by the Department Manager. The atmosphere is apparently informal and young but in the end is very very very traditional: your Boss is your Boss and you have to bells him beacuse you have a job.

2.0
Jan 10, 2009
Recommend
CEO approval
Business Outlook

Pros

The work is undemanding and job security is reasonably safe. A good place to start in the industry I think but not as a long-term carrer plan. Unless of course you are bureactically minded and good at office politics.

Cons

I got thie impression that the departments acted as a collection of petty fiefdoms each living in its micro-world. There never seemed to be any overall plan or inter-departmentcommunication. There always used to be lots and lots of meetings were nothing was really achieved in the end. Promotion is based on who the department boss likes rather than ability and if you have an enquiring mind and a desire to progress this is not the place for you.

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Glassdoor has 15,598 BNY reviews submitted anonymously by BNY employees. Read employee reviews and ratings on Glassdoor to decide if BNY is right for you.