Bank of New York Mellon Corporation

Also Known As: Bank of New York, Bank of New York Mellon, BNY Mellon, BNY, Mellon

Investment Management - Other

VAULT RANKINGS 2013

#29 Prestige

#37 Vault Banking 50

GENERAL INFO

Headquarters: New York, NY
275 offices
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THE BUZZ…

• "Good work life"
• "Mediocre"
• "Trust bank"
• "Transaction services leader but not well known"

NEWS AND UPDATES

Vault's Scoop

Uppers

“There are opportunities to move around within the company”
Management is “very open and easy to work with”

Downers

“No sick days”
“No overtime pay given”

ABOUT THIS COMPANY:

No. 1 on Wall Street

Created by the $17.6 billion merger of Mellon Financial Corporation and The Bank of New York Company in July 2007, The Bank of New York Mellon is a securities services and asset management company with more than 48,000 employees operating across 36 countries. Headquartered in New York City, at the enviable address of One Wall Street, BNY Mellon has about $25.5 trillion in assets under custody or administration and more than $1.2 trillion under management. Its clients include asset managers, banks, broker-dealers, corporations, governments, high-net-worth individuals, insurance companies, non-profits, and pension funds. In the U.S., BNY Mellon ranks as the eighth-largest asset managers by assets under management. Worldwide, the firm ranks as the 11th-largest. Although the bulk of its employees are located in the Americas, BNY Mellons employs more than 9,000 people in Europe, the Middle East, and Africa, and more than 7,000 in the Asia-Pacific region.

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From the Community

Bank of New York REVIEWS

Inside opinions that matter, collected by Vault from employees at companies around the world.

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Bank of New York SALARIES

Bank of New York Mellon Corporation salary & compensation reviews include all signing and year-end bonuses, vacation time and other perks and reimbursements that make up total compensation.

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Bank of New York SURVEY SAYS

They're pros

The bank houses a “very professional, yet laid-back working environment,” insiders say. Overall, the corporate culture at the firm is “traditional,” but with a “very good work environment for everybody.” Maybe that’s because where “teamwork is the core of business.” Although “people need to work hard,” it’s likely an offshoot of the fact that “the company has grown up very quickly in recent years.” But there’s a flip side, too—”the bank also has people who are dead set on leaving the office by 4:59 p.m.” Then again, “if you are ambitious, there is no limit to the amount of exposure you can receive here.” So, “for the brightest, this is an open field in terms of experience and learning.”

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DISCUSSIONS

New Topic: fund accountant (3 replies)
Last reply: I applied online, the application status states that it is on hold for some reason. They have not gotten back to me for an interview yet. …

New Topic: fund accountant (3 replies)
Last reply: how's the interview? what did the interview ask you? could you please give me any idea? thanks,tony …

New Topic: Offer from IT Wealth management and treasury (3 replies)
Last reply: Ask about corporate initiative to trim 4000 jobs. Not work coming here! …

Getting Hired

Tips from the inside

Cradle robbers

For potential candidates, especially those just beginning their careers, you just might be in luck. On the firm’s career site, individuals with undergraduate degrees seeking entry-level positions can apply for positions such as branch banking, corporate trust, investment accounting, stock transfer, unit investment trust and American Depositary Receipts. For MBAs, BNY Mellon regularly hires newly minted business grads to serve as corporate banking associates, investment management associates, and media and telecommunications banking associates. The bank also offers an MBA summer associate program where business students work for 12 weeks in one of the following divisions: asset management, private client services, capital markets, corporate banking, international banking, product management, marketing or operations management. BNY Mellon summer internships for undergraduate students are typically in the firm’s branch banking group. “The company generally likes to hire new college grads,” says a current insider. “It is an excellent opportunity right out of college.” Another adds that it is a “good first-time job.” The firm’s website makes the application process easy, allowing you to submit your resume online.

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Company Initiatives

Leadership Development Programs

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