Mellon is DEAD, Long Live BONY and that's not good. - Consultant BNY Employee Review

1.0
Sep 10, 2014
Recommend
CEO approval
Business Outlook

Pros

If you do not work therer or are a client that's a plus!

Cons

While not a sinking ship. It's no longer the place to work or be a client. They sold their procucts by differentiating themselves on superior client service. Then they fire most of the client facing staff. They are just like State Street, it's all about cost saving and firing people to saves $. Don't be a client and don't be an employee.

Explore other reviews about BNY

5.0
Jun 23, 2026
Recommend
CEO approval
Business Outlook

Pros

Really technology driven and laid back first

Cons

Low salary for new associates.

4.0
Jul 5, 2026
Recommend
CEO approval
Business Outlook

Pros

There is real opportunity for career and skill growth. The company runs short on head count, so people willing to take on more responsibilities have avenues to progress. However, you will need to force the issue for promotions & large salary increases after you prove your capabilities. Realistically it'll take an external counteroffer to move the needle.

Cons

It's a large bank and you're a number in the system. If your NPV is positive you'll stay, else you'll be laid off. This includes both scenarios you control and those you don't. Ex. You control your performance, in office time and networking You don't control if your location is a strategic growth site, if a major client goes with a competitor, or if you'd be impacted by a general company-wide layoff plan.

See reviews by: Helpful|Rating|Date|All