If Bank of New York Mellon was a car it would have a new look but with same old engine. - Anonymous employee BNY Employee Review

1.0
Aug 10, 2010
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

If you've been in the financial service industry for awhile and perfer a 9 to 5 job to pick up a pay check this is the ideal company for you.

Cons

Where do I start, I can only speak of the Bank of New York's senior management and not of Mellon's (due to the merger). Some of the worset senior managers I have ever seen, ever. Senior Management is more interested in protecting their own terriority than actually getting the job done. There are very few in management who actually knows their own product line. True Story. In one of the department's town halls during a Q&A a team supervisor asks one of the heads of the department on how is that one of their subordinates have a higher (much higher) salary than they do. And what steps, presently and in the future, is the company doing to correct this? The department head responded with a bunch corporate cliches of course about being competetive and attracting "Top Talent" but he didn't answer the question so the next question that was asked was a follow up to the previous question. He seemed peved at this point and went on to answer the question "Well if you're not satisified with your salary, the only way you'll get a salary increase is to leave the bank and come back." And this was a Global Town Hall. I can go on and on of such stories. If this company was not a landmark company it would've gone down years ago.

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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.

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