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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CEO approval
Business outlook

Pros

Really technology driven and laid back first

Cons

Low salary for new associates.

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
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