BNY Mellon

www.bnymellon.com
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BNY Mellon Reviews

Updated 2 March, 2015
Updated 2 March, 2015
1,481 Reviews
2.9
1,481 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
BNY Mellon Chairman, President and CEO Gerald Hassell
Gerald Hassell
459 Ratings

Review Highlights

Pros
  • Good work-life balance in my department, but not in all areas of the company (in 136 reviews)

  • Many good benefits, however, management was not proactive in developing talent (in 77 reviews)


Cons
  • No room for growth, salaries at lower end in the industry and merit increases are close to zero (in 32 reviews)

  • Plenty of talk but no regard for work life balance (in the technology sector) (in 23 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Good learning experience but poor compensation and high turnover

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at BNY Mellon full-time (more than 5 years)

    Pros

    Great people to work with. Ability to participate in various projects.

    Cons

    Pay is very low compared to competition, very high turnover. Very little training and development. Processes are inefficient

    Advice to ManagementAdvice

    Increase salaries and retain employees

    Doesn't Recommend
    Disapproves of CEO
  2. 7 people found this helpful  

    Had fun but lousy pay.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - IT Specialist in New York, NY (US)
    Former Employee - IT Specialist in New York, NY (US)

    I worked at BNY Mellon full-time (more than 5 years)

    Pros

    Great colleagues. Everyone knew Me and I knew everyone. I was everyone's go to person for solutions.

    Cons

    Everything else. Upper management didn't care about anyone but their wallets. Penny pinching was their specialty. Could have a great review and will only get a 1% raise and the bonuses, if given, were a joke.

    Advice to ManagementAdvice

    Stop outsourcing and focus on "keeping the talent".

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  3. 1 person found this helpful  

    BNY Mellon

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Team Leader in Chicago, IL (US)
    Current Employee - Team Leader in Chicago, IL (US)

    I have been working at BNY Mellon full-time

    Pros

    Great work life balance. People genuinely care about each other. Challenging work. Managers care and do their best in a very challenging industry that hasn't recovered from the financial collapse.

    Cons

    There is a heavy reliance on reducing expenses because of the revenue challenges. Firm is going to be left behind in some areas by not keeping up with technology advances.

    Advice to ManagementAdvice

    More focus on technology for the next generation (don't just play catch up). Sell some of the businesses to focus on better profitable areas.

    Recommends
    Neutral Outlook
    Approves of CEO
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  5.  

    VP

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President Operations in New York, NY (US)
    Former Employee - Vice President Operations in New York, NY (US)

    I worked at BNY Mellon

    Pros

    Great co-workers. Lot's of good people who want to do a good job

    Cons

    Workload was huge. Hard to get everything done. Little guidance from senior management on priorities.

    Advice to ManagementAdvice

    Be clearer about what needs to be done. People can't do everything you want them to.

    Recommends
    Neutral Outlook
    No opinion of CEO
  6.  

    Great benefits and training, however the hierarchical management style is hard to move up in. Hard work isn't rewarded.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Lead Analyst in Tacoma, WA (US)
    Current Employee - Lead Analyst in Tacoma, WA (US)

    I have been working at BNY Mellon full-time (more than 5 years)

    Pros

    Benefits, training, opportunities to learn in other areas within company horizontally

    Cons

    Management style, promotions, low compensation for the amount of work

    Advice to ManagementAdvice

    Reward your employees more by learning what they do and placing yourself in their shoes. Invest more in tech.

    Recommends
    Neutral Outlook
    Disapproves of CEO
  7.  

    OK company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Administrator in Manchester, England (UK)
    Former Employee - Administrator in Manchester, England (UK)

    I worked at BNY Mellon full-time (more than 3 years)

    Pros

    Friendly People and a good variety of projects

    Cons

    Very low pay as cost cutting drive, lots of office politics

    Advice to ManagementAdvice

    Listen to the people on the ground

    Doesn't Recommend
    Neutral Outlook
  8.  

    Good place to start, but depends on the economy and the performance of other firms.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Corporate Trust Analyst in New York, NY (US)
    Current Employee - Corporate Trust Analyst in New York, NY (US)

    I have been working at BNY Mellon full-time (more than a year)

    Pros

    Corporate Trust is a decent place to start. You can learn the business of structured finance here but you will need to dig deep and make connections. I worked in the DT NYC office, nice place to work, great location. The hours were good too, allowing for a good W/L balance.

    Cons

    Slow pace for promotion. Your survival depends on economy and how well other asset management firms are doing thus determining the need for a trustee. The work can get tedious.

    Advice to ManagementAdvice

    Rotate your people to expand their knowledge base enabling them to troubleshoot problems independently.

    Recommends
    Neutral Outlook
    No opinion of CEO
  9.  

    Company Culture

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Analyst in New York, NY (US)
    Current Employee - Analyst in New York, NY (US)

    I have been working at BNY Mellon full-time (more than 8 years)

    Pros

    Everyone is so engaging in what they do and how effective they work.

    Cons

    We are given so much work but isn't recognized as we should be.

    Advice to ManagementAdvice

    It's very difficult to move up within the company. Promoting from within is applying for another job in the department above your current pay grade

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    Summer Intern

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Summer Intern in Wrocław (Poland)
    Former Employee - Summer Intern in Wrocław (Poland)

    I worked at BNY Mellon full-time (less than a year)

    Pros

    Good way to know how corporate world looks like.

    Cons

    Not much to do, some days were pretty boring

    Recommends
    Neutral Outlook
    Approves of CEO

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