Disappointed - Private Wealth Management BNY Employee Review

1.0
Aug 19, 2021
Recommend
CEO approval
Business Outlook

Pros

My team is excellent and my team mates are my friends. We're very good at our jobs and passionate about what we do.

Cons

For as big as BNY Mellon is, we are surprisingly bad at making strategic decisions. Private Wealth management seems to do a lot of ready, shoot, aim, which results in self inflicted injuries and decisions that are later walked back. Senior management talks a lot about work life balance and employee well being but their decisions have most employees thinking they don't really mean it. They're either completely out of touch with the hours being worked by employees trying to meet corporate objectives or they don't care. During my time and BNY Mellon I've seen some very good managers and some spectacularly bad ones. The bad ones always managed to hang on way too long. Compensation is lousy. To get a decent raise you pretty much have to leave the firm.

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5.0
Apr 7, 2026
Recommend
CEO approval
Business Outlook

Pros

Decent pay, Great people, laid back environment, and great managers.

Cons

Pay could be better honestly.

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.

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