BNY reviews

Look at the stats... 2.8 rating, 42% would recommend to a friend. BNY Mellon (BNYM) is populated by numerous individuals who are long-time employees raised by the firm or newer employees who used to be at a major bank, wirehouse or RIA. If you are a well-informed, well-educated person, capable of critical thinking, consider all your alternatives. The annual review process here allows everyone around you to contribute, even if they don't work directly with you at all. They are big on stack ranking and you really can't do your best work when expectations for you are set low. Also, senior management changes make it hard to properly establish your brand. My boss had several changes in a short period of time. Some of the personalities are not very friendly if you are a nice person. In fairness, BNYM may be a good place for young people from UCF to start and learn a skill, but it can be treacherous for more established workers who want to make a difference. The problem is BNYM is constantly having rounds of layoffs, and if you have been politicized down to the bottom of the stack - you may be out.

If you graduated from a half decent school and know how to operate basic functionality of excel, then you are instantly overqualified for this role. They ask you all these questions during the interview about experience and capabilities, but everything is on a checklist and after some poor training classes you get to figuring it out quickly. During my interview I was told I would learn a lot about the markets in this role. What BS! This job at its core is data entry of financial based information. Take data point here, put it there. After a while you can do it all by muscle memory with bare minimal thinking. I actually regressed in knowledge after graduation. A bunch of artificial stress. Deadlines in the morning, then nothing midday before a made rush at end of day before waiting for your checklist to be signed off on. Get it from a risk perspective, but waiting 20 minutes to get a signature everynight...Stress, boredom, stress spin cycle. Terrible pay. Turnover churn. In the depths of the recession starting pay was not great, but better than nothing; these days it would be a joke. Always sending us emails about how great our department and the company was doing, and I know our department was a revenue driver. Raises are not merit based and well below inflation, so that guy who slacks off and gets the easy work because they don't trust him while bust your ass? If same level, same raise. They throw the occasionally event with drink and food to make up for no bonuses, like two drink tickets and some finger food makes up for that? BNY Mellon upper management has some of the best comp in the industry, but don't worry you get to wear a Red Sox shirt every now instead of $$$. They make ZERO effort to develop you in any way. After some basis classes to teach you their ancient mainframe system, you're done. So you skills consist of account specific knowledge on a department specific system. Even if you want to switch out of the department to another within BNY, an external candidate will be more qualified than you. After realizing I was going to be pigeon holed to this department with no growth prospects I bailed as fast as possible. They actually managed to hire quite a lot of skilled people during the recession but made no effort to retain or develop it. Everyone I knew with skills were gone first chance. Nothing about this job, other than being able to say I had some finance experience, got me my next job. Next to a peanut factory. It will stink in the office constantly.