New York, New Jersey and So Conn people should not consider Bank of NY Mellon a place to work - Vice President BNY Employee Review

1.0
Sep 28, 2010
Recommend
CEO approval
Business outlook

Pros

Good Base Salaries, Flexible work arrangements, No weekends unless you want to keep up, friendly people, Decent benefits, strong 401k package & matching.

Cons

Everything moving to Pittsburgh, Manchester and India so if you work in NY/NJ/CT/London - you are in jeopardy of losing your job at any moment; Company is very Mellon centric, BNY lost its identity; lots of changes at the top (Executives leaving for better opps); synergy and savings are more important than people or quality of workmanship.

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.

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