If you’re interested in the world of investment, look no further than the Bank of New York Mellon. This investment company is an OG of the financial world. Founded in 1784, BNY Mellon is based in New York City, one of the financial capitals of the world and a perfect destination for a banking career.
It’s a great place to build a banking career, and with nearly $2 trillion in assets, BNY Mellon has plenty to offer MBA graduates and students. Find out about the work culture, benefits, and all that this company has to offer to find out if it’s the right fit for you.
About BNY Mellon
First things first, this investment company might be based in New York, but it’s global, baby. So for those of you with dreams of living in India or Israel, you’re in luck. BNY Mellon has locations around the world for both customers and employees. Some 51,300 people work for the company, and they don’t all specialize in financial management.
All types of MBA students and graduate may find a role in this global banking institution. The U.S.-China trade war hasn’t been helping the company’s profits too much, but with more than 200 years of experience under its belt, BNY Mellon is sure to bounce bank.
Working at BNY Mellon
This definitely isn’t a place for the faint of heart. Working at this company requires serious work and commitment. A banking career ain’t easy, but boy does it pay. One of the employees profiled on BNY Mellon’s company is sure to note that you’re among the best of the best, and everyone is out here doing the most. That means you gotta go extra hard if you want to impress, but that’s not a bad thing. Motivation is always good.
The most rewarding part of my job is that every day presents a new challenge and I never feel that my work is repetitive. It is exciting to come into work every day not knowing what to expect, and I can feel confident that my team values my contribution.
Cody, Associate in BNY Mellon’s Emerging Leaders Program
That being said, the company appears to take seriously career mobility, as well as well-being. So all that hard work should eventually earn you a promotion and a raise. And it shouldn’t come at the cost of your health. BNY Mellon even won an award in 2017 for its healthy lifestyle!
People of color should feel welcome, too, as the company prides itself on its efforts toward improving diversity and inclusion. Though only 34 percent of its U.S. workforce is people of color, 42 percent of new hires based in the U.S. are people of color. That shows some progress, which is impressive for such a giant corporation. The board of directors is a lot less diverse—more than 80 percent is white—but maybe you can be the one to show them what equity looks like.
Current job openings include:
- Specialist, ALM Liquidity – Vice President
- Sr. Wealth Strategist
- Lead Analyst, Client Service
- Specialist, Treasury and ALM
- Spec, Tech Risk Mgmt
BNY Mellon Salary and Benefits
Now, time for the real talk. How’s the money look? Well, the average salary is $71,000, according to Payscale. However, reach the vice president level or go into information technologies, and your salary is likely to inch closer to $140,537.
Not gonna’ lie, I expected the numbers to skew a little higher for such a major company, but the benefits more than make up for it. BNY Mellon offers parental and family leave, as well as flexible work arrangements. And, of course, there are the basics: health insurance, retirement planning, and paid time off.
I say shoot your shot. If they’re interested, then you can negotiate what you need to take the job.