BNY reviews

If you are hard working, intelligent, determined, you care about the quality of your work, are honest and will not sacrifice your integrity The Bank of New York Mellon is not the place for you. If you are someone who is looking for a career not a job but a career that offers endless growth, opportunities, and room for advancement The Bank of New York Mellon is not the place for you. The only way to advance in this organization is to know someone in upper/senior management or become a “teacher’s pet”. Throughout the years I have seen individuals be promoted on the basis of…I have no clue, but I do know that promotions are not based on knowledge, skill or expertise it’s all about whom you know not what you know. Office politics is most definitely at its best here. The compensation is significantly below the market rate, to be exact compensation is pitiful and downright pathetic. The raises are minuscule, you will probably find more cash in the cup holder in your car than what you would receive as a raise. Outperformers are not compensated, appreciated or recognized as they should be. The office environment is daycare for adults, management hand holds and makes excuses for the incompetent adults instead of immediately addressing the individual or firing them. Management does not reward the hard workers the incompetent receive all of the attention, intelligence is not rewarded or required here.

No career advancement. Actively encouraged to not change roles or seek growth. Pay is sub par in the industry and zero potential for raises. Senior management has one tactic - cut expenses to boost stock price by laying off as many people as possible as often as possible, Layers of middle management have no clue how any of the products work or what brings in revenue, they just endless buzzwords to boost synergy. Senior management/executive only cares that middle managers lay off large groups every year to cut cost and call it 'profit' so the stock price goes through the roof, along with their comp packages. Meanwhile the workers create great products and revenue streams and client relationships that get thrown in the trash whenever convenient.