BNY Mellon

www.bnymellon.com

BNY Mellon Reviews

Updated 27 January, 2015
Updated 27 January, 2015
1,419 Reviews
2.8
1,419 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
BNY Mellon Chairman, President and CEO Gerald Hassell
Gerald Hassell
438 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.  

    Operations Executive

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

    I have been working at BNY Mellon

    Pros

    Good company for Freshers...
    At Par Compensation

    Cons

    Growth is slow
    Not ample opportunities for the existing employees

    Advice to ManagementAdvice

    Should provide more opportunities to existing employees

    Recommends
    Positive Outlook
  3.  

    I dealt with BNY Operations in the early part of the millenium.... And got a job there in 2013

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

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

    Pros

    Some of the people in BDS knew what they were doing.

    Cons

    Most people below VP level had no clue. They were so narrowly focused on what they did. They have no idea of their role in the bigger picture of the organization. Some of the MDs I dealt with wouldn't be fit to be VPs in other organizations.

    Advice to ManagementAdvice

    RSUs for lower levels helps to give employees a sense of ownership.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5.  

    Good solid work place, with tons of room to move up.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Client Accounting and Reporting Specialist I in Pittsburgh, PA (US)
    Former Employee - Client Accounting and Reporting Specialist I in Pittsburgh, PA (US)

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

    Pros

    Pay is alright. Work is pretty consistent and managable. Very diverse.

    Cons

    Doesn't pay (literally) to work your way up in a single department; it's best to leave and keep switching departments.
    Also Bank of New York Mellon likes to fire people/lay them off just because they need to cut costs... maybe they should let go of people on the offshore sites like in India.

    Advice to ManagementAdvice

    Promote within or continue to loose people.

    Recommends
    Negative Outlook
    Approves of CEO
  6.  

    BNY Mellon

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

    I worked at BNY Mellon

    Pros

    Good stable place to work. Mostly 9-5.

    Cons

    Not much growth potential. People in a position tend to be stuck there for a while.

    Advice to ManagementAdvice

    Change the culture and eliminate the red tape.

    Recommends
    Neutral Outlook
    Approves of CEO
  7.  

    Results-oriented professional with more than one and half years of financial services experience in large corporation

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

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

    Pros

    Good work Culture, Good hierarchy of management, Basic facilities available

    Cons

    Large Scale cost cutting, Lack of personal Growth, Lack initiative management

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  8.  

    If you're expecting a bright future because you're smart and hardworking, this is the wrong place

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

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

    Pros

    Great learning experience, good people

    Cons

    Terrible management,terrible compensation, hard work isn't valued or rewarded

    Advice to ManagementAdvice

    Make sure all managers under you attend a course in management, in the end the employees emulate the ambitious nature or lack thereof of their leaders.

    Doesn't Recommend
    Positive Outlook
  9.  

    Asset servicing

    • 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

    The flexibility is great and benefits are decent.

    Cons

    Career growth and salary are certainly lacking in most departments within asset servicing. "Pay for performance" that they preach is really just a statement with no actions to back it up.

    Doesn't Recommend
    Neutral Outlook
  10.  

    overall positive experience

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

    I worked at BNY Mellon full-time (more than 10 years)

    Pros

    work-/life balance
    skilled staff
    good lateral opportunities

    Cons

    limited upward mobility
    very hierarchal

    Advice to ManagementAdvice

    promote employee development

    Recommends
    Positive Outlook

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