BNY Mellon went Downhill Fast - Anonymous employee BNY Employee Review

2.0
15 Jan 2020
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

The people are BNY Mellon were always fantastic. Paid time off can be generous depending on your level.

Cons

BNY Mellon was a wonderful place to work when I joined the company in 2016. Once Charlie began his reign, everything went downhill. Between layoffs and hiring freezes, my department lost numerous employees without the ability to replace them. Employees were working long hours to compensate for the reduction in workforce and management did not care. There were no promotions because of cost cutting. Some promotions were deemed "merited" by management, but not possible because of funds. There is no opportunity to advance within the company. Once you are in one department you are relegated to it forever with few exceptions. With a 1% or 2% raises each year there isn't much incentive to stay. Oh and the fact that the bonus pull for eligible employees dwindles year after year...

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23 Jun 2026
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CEO approval
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Pros

Really technology driven and laid back first

Cons

Low salary for new associates.

4.0
5 Jul 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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