Bank of New York Mellon Salaries
232 total salary submissions
The average hours worked chart shows the distribution of average hours worked per week generated based on the Compensation data at this company.
The number you see in the middle of the doughnut pie chart is the adjusted average of these scores. If you hover over the various sections of the donut, you will see the % breakdown of each workload given.
The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few interview insights). Simply put, as a company gets more data points, the confidence of a "true measure" increases so it is pulled closer to its simple average and away from the average of the entire dataset.
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- 40-50 Hours
- 50-60 Hours
- 60-70 Hours
- 70-80 Hours
- 80-90 Hours
- Over 90 Hours
The Relative Compensation is a score from 1 star (very bad) to 5 stars (excellent) generated based on the Company Reviews of current and former employees at this company based on relative pay.
The number you see in the middle of the donut pie chart is the simple average of these scores. If you hover over the various sections of the donut, you will see the % breakdown of each score given.
The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few reviews). Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire dataset.
- 1 Star
- 2 Stars
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- 4 Stars
- 5 Stars
Average Bank of New York Mellon Salary
Total Median Pay
$64,000
Median Base Pay
$55,000
Median Bonus Pay
$9,000
How much does Bank of New York Mellon pay?
Base range: $32,750 - $115,000
For this salary and bonus range, Low is the 10th Percentile and High is the 90th Percentile. These ranges are from employer specific salaries submitted by WSO members.
Bonus range: $2,000 - $50,000
Bank of New York Mellon pays an average salary of $55,000 per year. This base compensation is the equivalent of $28 per hour assuming a 40 hour work week (2,000 hours per year). The actual average hours worked per week at Bank of New York Mellon based on our data is actually 46 hours, which would bring down the true effective hourly rate to $25 on average. If you include the average bonus of $9,000, then the total average pay at Bank of New York Mellon would be $64,000 per year or $29 per hour at the 46 hour work week.
There's a wide range between what the company pays the top 20 percent and the bottom 20 percent of earners. This is largely dependent on seniority and location. Bank of New York Mellon pays the highest-paid employees over $117,500 a year, while the lowest-paid employees are paid less than $45,500. Bank of New York Mellon employees in different groups or divisions tend to have different salaries as well.For example, employees in the Global Markets sector earn an average yearly salary of $117,500.While employees in the Fixed Income sector earn an average yearly salary of $46,000. Additionally, geographic location can impact the compensation for employees at Bank of New York Mellon as well. Based on the WSO data, Bank of New York Mellon employees in New York and Boston get paid the most.
Filter Bank of New York Mellon Compensation by Position, Location and/or Division
Highest Paying Jobs at Bank of New York Mellon
| Year | Position | Location | Group/Division | Pay Rate/Type | Bonus |
|---|---|---|---|---|---|
| 2006 | svp | Pittsburgh | Other | ||
| 2015 | managing director | London | Corporate Finance | ||
| 2021 | Wealth Manager | Boston | Private Wealth Management | ||
| 2017 | Managing Director | New York | Tax | ||
| 2015 | Product Manager | New York | Capital Markets | ||
| 2018 | Quantitative Research Analyst | San Francisco | Quantitative Research | ||
| 2012 | Analyst | San Francisco | Asset Management | ||
| 2012 | Managing Counsel | Boston | Investment Management | ||
| 2019 | Data Scientist | San Francisco | Investment Research | ||
| 2018 | Vice President | New York | Finance |
Average Pay by City for Bank of New York Mellon
Below we use 232 salary submissions to order the is the total average compensation by city for Bank of New York Mellon. Cost of living across the world varies a lot, so this data gives you a sense if there are significant adjustments for higher cost of living. Looking at the WSO data, the city with the highest average salary is New York, where employees earn an average salary of $75,000.
Salaries by Location at Bank of New York Mellon
| Rank | City | Total pay Range | Range of $/hr |
|---|---|---|---|
| 1 | New York | $55,000 - $105,000 | $28/hr - $53/hr |
| 2 | Boston | $54,000 - $98,000 | $27/hr - $49/hr |
| 3 | Pittsburgh | $34,500 - $64,000 | $17/hr - $32/hr |
Bank of New York Mellon Salaries by Department
Salaries at Bank of New York Mellon depend on the group, division, department or function. Employees who work in the Global Markets group tend to get paid the most at at Bank of New York Mellon, earning an average yearly salary of $117,500. Employees in the Risk Management receive relatively high salaries as well, where wages average $100,000 per year. A division that does not pay as well at Bank of New York Mellon includes the Fixed Income group, with employees earning $46,000 on average.
| Rank | Department | Average Pay | Average Hourly Pay |
|---|---|---|---|
| 1 | Global Markets | $117,500 | $59/hr |
| 2 | Risk Management | $100,000 | $50/hr |
| 3 | Other | $84,000 | $42/hr |
| 4 | Na | $78,500 | $39/hr |
| 5 | Generalist | $74,500 | $37/hr |
| 6 | Private Wealth Management | $71,500 | $36/hr |
| 7 | Financial Services | $70,000 | $35/hr |
| 8 | Account Management | $70,000 | $35/hr |
| 9 | Private Banking | $69,000 | $35/hr |
| 10 | Finance | $67,000 | $34/hr |
Recently Added Bank of New York Mellon Salaries
| Year | Position | Location | Group/Division | Pay Rate/Type | Bonus |
|---|---|---|---|---|---|
| 2023 | Operations intern | Pittsburgh | Risk Management | ||
| 2021 | Analyst | New York | Operations | ||
| 2023 | Operations Summer Analyst | Jersey City | Operations | ||
| 2023 | Operations | Woodland Park | Operations | ||
| 2020 | Middle Office Analyst | Pittsburgh | N/A |
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