BNY Mellon

  www.bnymellon.com
  www.bnymellon.com

BNY Mellon Reviews

Updated 18 December, 2014
Updated 18 December, 2014
1,358 Reviews
2.8
1,358 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
BNY Mellon Chairman, President and CEO Gerald Hassell
Gerald Hassell
417 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. 3 people found this helpful  

    Like working for the government

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

    I have been working at BNY Mellon

    Pros

    Good work life balance, flexible work schedule, vacation days, and benefits

    Cons

    Almost no career opportunities, non-existent training, terrible technology infrastructure, and overly bureaucratic. The fact that there is actually a committee to oversee other committees that set internal policies kind of says it all. Unimaginative senior management that is always reacting to competition. Bloated middle management while underinvesting in products, services, and line employees that actually drive revenues.

    Advice to ManagementAdvice

    Upgrade your tech and bring your business processes and products into the 21st century. The competition is selling cars while BNY is proud of the fact that it sells the cheapest and fastest horse drawn buggy in town. Banking is not a labor intensive business yet BNY has managed to turn it into one via underinvestment in tech and revenue generating professionals.

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

    Mismanagement of resources

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

    I worked at BNY Mellon as a contractor (less than an year)

    Pros

    Good name, office perks, mismanagement of time

    Cons

    Lack of direction, no loyalty

    Advice to ManagementAdvice

    Prepare more well defined roles; jobs to be done with conventional work is complete

    Recommends
    Positive Outlook
    No opinion of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    Investments Intern at well-known subsidiary Asset Management boutique

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Intern in Edinburgh, Scotland (UK)
    Former Employee - Intern in Edinburgh, Scotland (UK)

    I worked at BNY Mellon part-time (less than an year)

    Pros

    Question of FIT is very important and means recruitment is not so rigid.
    Unique working culture and investment philosophy.
    Meetings with management were a definite highlight and my supervisor was well-aware that this access is a benefit.
    Insight into confidential, market discussions with investment team.
    The boutique had around 100 employees but an international reputation and soaring assets under management. Because everyone including the directors were very down-to-earth and very approachable meaning I was not constantly aware of the reputation of the firm which became clear to me only after the internship.
    Chance to present to the investment team and directors!
    Symbolic minimum wage may be a disincentive to some and definitely stands our considering the high salaries of permanent employees. I found this understandable, though.
    Hours: 9-18.30!

    Cons

    Internship scheme at a boutique may not offer same opportunities as at a larger bank, which is why my supervisor recommended gaining experience at a larger firm in London.
    All individual projects assigned to interns were interesting and filed for future reference to inform decisions on graduate scheme applications. However, many of these were not directly relevant to Asset Management.

    Advice to ManagementAdvice

    More transparency on compensation could be an additional incentive, but this is understandably sensitive as the employees are among the best paid in the country.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Working With a Brand

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Analyst in Pune (India)
    Former Employee - Analyst in Pune (India)

    I worked at BNY Mellon full-time (more than an year)

    Pros

    Competitive Payscale in the industry, Good platform to start career

    Cons

    Restricted Learning/knowledge. Not much exposure to the market

    Advice to ManagementAdvice

    Company should be more employee centric rather being management centric.

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Great internship experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Intern - Hourly in Pittsburgh, PA (US)
    Former Employee - Intern - Hourly in Pittsburgh, PA (US)

    I worked at BNY Mellon as an intern (less than an year)

    Pros

    Very interactive internship program. Informative presentations for all interns every week so they can learn more about the company. Freedom to explore multiple areas to find true interests.

    Cons

    Not all interns will have experience with managers as some are not as proactive as others.

    Recommends
    Positive Outlook
    No opinion of CEO
  8.  

    Nice place to work for and good package.

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

    I have been working at BNY Mellon as a contractor (more than an year)

    Pros

    More money. Nice location
    green-field projects

    Cons

    Work-life balance is hard and tight dead lines.

    Recommends
    Positive Outlook
  9.  

    Mostly a great experience with many challenges and some rewards if associated with a P/L unit.

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at BNY Mellon

    Pros

    Great place to be assigned great, challenging projects. Need to be self starter with good work ethic and you can develop yourself to any level.

    Cons

    Workplace mobbing. Not well known but exists at some levels.

    Advice to ManagementAdvice

    NYC management needs a tutorial on Mobbing since they can't realize its existence.

  10.  

    Very satisfied with the company.

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

    I have been working at BNY Mellon

    Pros

    Great work environment and plenty of departments to expand knowledge.

    Cons

    N/A, Nothing to report on.

    Advice to ManagementAdvice

    N/A

    Recommends
    Positive Outlook
  11.  

    Great Company

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

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

    Pros

    Great people and great value

    Cons

    good people and good company

    Recommends
    Neutral Outlook

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