3.0
26 Jul 2015
Current employee, more than 10 years
King of Prussia, PA
Recommend
CEO approval
Business outlook
Pros
Offices all over the world; very big company and a leader in the financial industry.
Cons
They are too obsessed with cost cutting. They fail to understand that if you invest enough in people, technology, and infrastructure, that investment will result in greater profitability. Instead, they prefer to lay people off, provide insufficient funding to get things done, and expect client officers to figure out how to spin this to the clients without revealing the truth that BNY is cheap. Raises are minimal every year. My raises have been about 1% / $1,000 a year since my company became part of BNY Mellon. Thankfully I got really good raises before we were acquired, so now I'm at an affordable income level.