Summer 2026
2026 BNY Summer Internship Program
Engineering
Posted on 11/1/2025
The Bank of New York Mellon
10,001+ employees
Global financial services with asset management
Compensation Overview
$25 - $48.08/hr
No H1B Sponsorship
Pittsburgh, PA, USA + 2 more
More locations: Lake Mary, FL, USA | New York, NY, USA
Hybrid
 Data & Analytics (2) |
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- Must be enrolled in an accredited university/college pursuing a bachelor's degree in computer science or engineering or a related technology discipline.
- Graduating in December 2026 or May 2027 (U.S.).
- Minimum cumulative GPA of 3.0 or better.
- Does not require sponsorship for employment visa status (now or in the future) in the country where applying.
- Apply scientific methods to find solutions to real business problems.
- Perform data analysis, feature engineering, and advanced methods to prepare and develop decisions based on data.
- Data mining using state-of-the-art methods.
- Provide insight into observed business outcomes through analytics.
- Perform data profiling to identify and understand anomalies in data.
- Automate data analysis and streamline analytical processes.
- Provide recommendations based on data trends uncovered when possible.
- Stay abreast of organization and management changes and has in-depth knowledge of company practices relevant to data science products.
- Grow and develop skills across the 3 domain specialties: Machine Learning, Feature Engineering and Advanced Analytics capabilities. Stressing expertise in the core functional areas: Computer Programming, Math & Analytic Methodology, Distributed computing, and communications of complex results.
BNY Mellon combines traditional asset management, custody, and investment services with digital capabilities. It is building a multi-asset digital platform that links cryptocurrencies and tokenized securities with conventional financial systems, serving individuals, corporations, and institutional clients. Pershing X expands digital capabilities to improve client experiences; the firm earns fees, commissions, and interest income. By integrating ESG factors and partnering with Citi and Verizon, it aims to connect digital innovation with secure, scalable financial services.
Company Size
10,001+
Company Stage
IPO
Headquarters
Town of East Hampton, New York
Founded
1784
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Simplify's Take
What believers are saying
- BNY beat Q2 2026 revenue by 5.4%, lifting shares 4.6%.
- Baillie Gifford and BlackRock validate Digital TA’s institutional demand in 2026.
- BNY issued $2.5 billion of senior notes on August 12, 2026, funding growth.
What critics are saying
- State Street and Northern Trust pressure custody fees during 2026 contract renewals.
- Digital TA exposes BNY to U.S. and U.K. compliance failures across tokenized funds.
- A custody or blockchain settlement outage would shatter trust and damage BNY’s franchise.
What makes The Bank of New York Mellon unique
- BNY launched Digital TA on July 29, 2026, serving native blockchain funds.
- BNY manages $59.4 trillion AUC/A, giving unmatched custody scale and client reach.
- Robin Vince’s Eliza platform embeds AI coaching across BNY’s 46,000-person workforce.
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Benefits
Health Insurance
Paid Vacation
Paid Sick Leave
Paid Holidays
Flexible Work Hours
Remote Work Options
Company News
Custody bank stocks delivered strong second-quarter results, with the 16 companies tracked beating revenue estimates by 3.2% on average. Share prices rose 5.9% on average following the earnings announcements. BNY reported revenues of $5.70 billion, up 13.3% year on year, exceeding analysts' expectations by 5.4%. The stock has risen 4.6% since reporting and currently trades at $161.62. Hamilton Lane posted the strongest performance among peers, with revenues of $275.3 million, up 56.5% year on year, beating estimates by 21%. Its shares have climbed 12.6% since the results were announced. The custody banking sector faces both opportunities from growing global assets and blockchain adoption, and challenges including fee pressure and competition from fintech firms.
Estimated net proceeds are about $692.4 million; the notes yield 6.070% to maturity, while the offering is expected to close Aug. 31 and mature in 2036.
The Bank of New York Mellon Corporation has appointed Vikram Malhotra as an independent director, effective 1 October 2026. The addition brings BNY's board to 12 directors, 11 of whom are independent. Malhotra has been a senior partner at McKinsey & Company since 1998, joining the firm in 1986. During his four-decade career, he has held numerous leadership positions including chairman of the Americas and serving on the firm's shareholders council. He has also led parts of McKinsey's banking and life insurance practices. Malhotra currently serves on the Wharton Advisory Board and the board of Touch Health. He holds an MBA from The Wharton School and a BA in economics from the London School of Economics.
Robin Vince, CEO of America's oldest bank BNY and new OpenAI board member, rates himself a nine out of 10 for AI usage. He says he won't give himself full marks because AI is moving so quickly that using it to its fullest extent feels unattainable. BNY had over 100 "digital employees" in early 2025 before widespread agent adoption. The bank's in-house AI platform, Eliza, connects to employee feedback processes and provides daily coaching. It understands Vince's calendar, emails, and documents, offering advice on how to approach his day. Vince highlights AI's ability to see patterns across the entire 46,000-employee organisation and make recommendations that no single person could. He declined to comment on OpenAI's potential IPO, having joined the board only two weeks prior.
BNY Mellon has invested $18.22 million in Rigetti Computing, a quantum computing company listed on NASDAQ. The investment reflects growing institutional confidence in quantum technology's potential across industries including financial modelling, drug discovery, logistics, and artificial intelligence. Rigetti Computing develops quantum computers and superconducting quantum processors through a full-stack approach that integrates processors, software tools, and cloud-based platforms. The company aims to deliver practical quantum advantage for problems beyond the capabilities of classical supercomputers. The substantial investment provides Rigetti with capital for research, development, and commercialisation efforts. For BNY Mellon, one of the world's largest custodian banks, the stake represents a strategic allocation towards high-growth innovative sectors. The backing also enhances Rigetti's market visibility and could attract additional institutional investment in the quantum computing sector.