Rolling layoffs, legacy turf wars between BNY and Mellon, proceed with caution - Vice President BNY Employee Review

2.0
Mar 7, 2014
Recommend
CEO approval
Business outlook

Pros

Great benefits to all employees, health care is good and available to all employees as soon as they start... full vision, dental, health.

Cons

MASSIVE POST-MERGER CULTURE CLASHES AND TURF WARS (still). Rolling layoffs, poor compensation compared to the industry, management plays favorites big-time. Merit increases are 1-2% yearly. Bonuses were shrank/removed recently.

Explore other reviews about BNY

1.0
Apr 28, 2026
Recommend
CEO approval
Business outlook

Pros

Job only as good as immediate manager. Salary is Ok ish Benefit options are ok not great.

Cons

1) Retaliation is a way of life at this company going back to 2018 and becoming worse since 2) Mid level managers are very efficient at passively insulting the Teams they are responsible for. 3) It is nearly impossible to advance in the company. 4) When you try to post to another department - your Mid level manager will do the best to stop you from advancing. Some have close friends in HR that will even have you submit a new application in an attempt to accuse the other department of recruiting you. I have experienced this. 5) The only way to increase pay and experience is by leaving the company. 6) It use to be a culture of lets help others when there is a problem, now it is lets find who to blame for upper mangers rushing a project before all risks are identified. 7) If you are taking a new Job - professionally push for higher Salary once you are in raises will be very small.

5
See reviews by: Helpful|Rating|Date|All