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
May 23, 2019

The purge continues

Recommend
CEO approval
Business Outlook

Pros

Get a paycheck and hope you are there in two weeks for the next one.

Cons

No job security, stripping all Institutional knowledge in the endless rounds of layoffs. People work in a constance fear of being let go. Yet the deadwood remains. Can’t decide on a headquarters Mr. Bacot is rolling in his grave

1.0
Sep 25, 2018
Recommend
CEO approval
Business Outlook

Pros

If you have worked at any other major NY bank, this place is a cakewalk by comparison.

Cons

High turnover everywhere. Many high performing frontline people leaving. Hard to tell whether it was the uncompetitive comp, outdated tech infrastructure, packing people together like sardines downtown to save a few bucks or the mandatory stack ranking that did it. Its late in the business cycle, the markets are booming, and other firms are aggressively hiring to grow. People have options. Any surprise your best performers are walking out the door? Even GE who invented stack ranking abandoned it years ago.

5.0
Mar 4, 2018
Recommend
CEO approval
Business Outlook

Pros

M-F 8:30am - 5pm, no weekends so far. Plenty of time to have healthy hobbies after work, study Techy certifications online to open doors for higher paying salaried positions in the tech related field or Fin-Tech related fields of work.. I HIGHLY Recommend preparing your lunch and healthy snacks for your work desk and get your things in order for work the day before so you can be early to work and feel proud each day giving your best. Treats me with Respect, non-biased environment, Interview was Excellent and engaging. Even set my new desk up with a new Dual Screen Monitors and new Computer. Coworkers are pleasant, helpful, and respectful of your personal space by default. Coworkers genuinely say hello or good morning if you say hello or good morning to them which is good communication environment to start with as opposed to not. Be detailed focused and learn as much as you can, and ask TONS of questions about the older software still being used in the Securities trading game. Its a entire market thing, not by fault of B.N.Y. Mellon by any means. Making new programs that work for all your clients is time, personnel, and cost intensive, and only a few companies get lucky enough to buy the program they always dreamed of from a MIT student or Stanford student for a low price. \ So its definitely a challenge processing things that are DOS based ONLY because the lack of automation and lack of built in Artificial Intelligence in the Securities game. There are of course newer programs out there but are not yet widely used, and therefor it would be an immense undertaking for ANY company to make such a switch, especially when the clients and brokers you serve are not asking for the newer programs across the board. So i feel where B.N.Y. Mellon is coming from. So there in itself lays the challenges of Global Securities Ops jobs in the USA.

Cons

The only way to get in the door, even if you live in the same city as your work location would be, is to apply and professionally network with Temp Agencies whom are contracted with BNY Mellon to Pre-screen potential candidates throught the temp agency instead of directly through BNY Mellon HR. That can be a pro and a con at the same time. Because, if you never thought to apply to this company by means of a temp service, you would possibly wait 1 to 7 years to get hired directly. Depends of course on your background, and who you know in the field you are applying for. (comments are simply based on life experiences)

Viewing 16 - 18 of 13,793 Reviews

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