BNY reviews

3.4

54% would recommend to a friend

(13,835 total reviews)
avatar

Robin Vince

61% approve of CEO

55% positive business outlook

BNY has an employee rating of 3.4 out of 5 stars, based on 13,835 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
1.0
Apr 28, 2024
Recommend
CEO approval
Business Outlook

Pros

its steady work, 401k match is good, some very nice bright engineers there (but not the ones making business decisions.)

Cons

BNYM TSG has transitioned into a sweat shop run by dictators that are culling favors rather than making sound technical and business decisions. Our management chain was led by a seasoned political pointy-haired micromanager that did not believe in his people and only worked for the betterment of his career and that of his devotes. His ability to dress people down publicly was surpassed only by his ability to surround himself with yes-men that told him whatever he wanted to hear and jumped each time he asked. His leadership is unsound, his values are judgmental and petty. His personality reminded me of a bug-eyed Mexican Chihuahua dog that is nervous, shaking, untrusting, vicious and barks when anyone approaches or makes eye contact. His leadership style promotes the worst in people and his inability to trust anyone makes him a poor leader that relishes in petty conflicts and divides different work groups by pitting them against each other. Used to be a great place to work but I would not recommend it now to anyone.

1.0
Mar 29, 2024
Recommend
CEO approval
Business Outlook

Pros

Overall while working there they treat you nice, Opportunity to work with modern stack. Strong on Diversity & Inclusion - they make sure to have diversity from all backgrounds. Strict on Agile in some teams (you need to pick up the right team..) you get free subscription to Udemy to learn new technologies

Cons

The second they not need you they'll throw you under the bus. I worked 3.5 years as a Principal UI Developer Senior Vice President. In my contract I had to give 30 days notice if I'd choose to leave. One day my manager calls me in the middle of the day and say it's my last day, in few minutes I need to log out. No notice. Forget about getting your vacation days. Starting in few minutes you don't have salary. This is not how you treat your employees. Even when I was a contractor for BNY Mellon before switch to Full time I got from the contractor two weeks notice. bottom line: wouldn't recommend work in BNY Mellon.

1.0
Mar 3, 2024
Recommend
CEO approval
Business Outlook

Pros

The company offers competitive salaries and, for those who maintain close relationships with their managers, the potential for significant bonuses. This aspect of compensation is certainly on par with, if not better than, what many mid-sized companies provide. Additionally, it serves as an excellent learning environment for employees at various stages of their careers. The opportunity to acquire new skills and knowledge is abundant, making it an ideal place for professional growth. However, it's worth noting that the distribution of bonuses can sometimes reflect a bias towards those with closer personal connections to management, rather than being entirely merit-based. This observation suggests an area where the company could strive for more transparency and fairness to ensure all hard-working employees are recognized and rewarded equally for their contributions. Given these dynamics, my advice to current and potential employees is to focus on personal and professional development while remaining vigilant about the broader workplace environment. It's beneficial to always be open to new opportunities and to continuously expand your skillset, ensuring you are well-positioned for whatever the future may hold in an ever-evolving job market.

Cons

In the face of organizational restructuring and leadership changes, the company has embarked on a series of layoffs that have raised concerns about the criteria and processes used to determine who is let go. It appears that the selection process lacks transparency and may inadvertently prioritize factors such as race, diversity and age, particularly affecting those over 40. This approach seems to narrow the pool significantly, resulting in the departure of many dedicated and motivated individuals who, after passing through these filters, find themselves without a role. The impact of these decisions not only affects the livelihoods of those let go but also sends a disconcerting message to the remaining employees about job security and the value placed on loyalty and hard work. Additionally, with the arrival of a new CEO, there has been a noticeable trend of hiring managers based on previous connections, further exacerbating the feeling of instability among long-standing employees. This practice seems to underscore a preference for new affiliations over established experience and contributions, challenging the notion of meritocracy and long-term career development within the company. The manner in which layoffs have been conducted, coupled with observed behaviors from some leadership figures during these rounds, notably smirks or smiles, further diminishes the trust and morale among the workforce. Such behaviors, whether intentional or not, can be perceived as a lack of empathy and respect for those affected by layoffs, contributing to a culture of fear and uncertainty. For those considering joining the company, it's advisable to stay informed about its culture and policies, and to continuously seek opportunities for learning and personal growth, keeping in mind the dynamic nature of the current job market

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