Thread regarding Bank of New York Mellon Corp. layoffs

Internal mobility?

Has anyone moved internally recently? Has anyone had luck or grass greener doing this?


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Post ID: @OP+1kte9xnt0

8 replies (most recent on top)

Run away from this place asap!

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Post ID: @mc+1kte9xnt0

@kp dont forget you also dont see any promotional increase in your paycheck until March of the following year!! If that doesn’t suppress internal promotions I dont know what will.

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Post ID: @m0+1kte9xnt0

As someone who moved internally I can say without a shadow of a doubt it was the d-mbest thing ever. I moved into a position I’ve been after for a long time. Here’s what I’ve learned. BNY is the Temu version of any kind of financial institution. Nothing we do here is remotely interesting no matter how hard the EC tries spinning it. If you want to really expand your career and be happy you gotta leave. Also, do not forget that no matter what the largest possible pay increase you can receive for an internal move (promotion) is 15%. So if you move into a senior level role you’re likely going to be underpaid by 30-40k minimum depending on where you are now.

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Post ID: @kp+1kte9xnt0

I was offered an internal move. It sounded good until they said it would be a lateral move with no pay raise. No thanks!

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Post ID: @fk+1kte9xnt0

If you’ve landed on making a move, look externally.

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Post ID: @f6+1kte9xnt0

I had moved internally and wish I hadn't. It's not greener, just worse. If you don't know the new position in and out like the back of your hand going in, you'll be miserable. Training is non existent, so your life will be h*ll until they decide to lay you off.

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Post ID: @c6+1kte9xnt0

That would be stupid to do. Put the effort into finding a better company.

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Post ID: @bd+1kte9xnt0

No.
You can run but you can’t hide.
Unless you are top senior management, you are just a firing waiting to happen here.
This place is bad beef in the can.

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Post ID: @b3+1kte9xnt0

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