BNY Mellon

  www.bnymellon.com
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BNY Mellon Reviews

Updated Jul 24, 2014
All Employees Current Employees Only

2.8 1,159 reviews

60% Approve of the CEO

BNY Mellon Chairman, President and CEO Gerald Hassell

Gerald Hassell

(333 ratings)

44% of employees recommend this company to a friend

Review Highlights

Pros
  • I also get to work from home when needed, making the work life balance easier to handle(in 116 reviews)

  • Many good benefits, however, management was not proactive in developing talent(in 61 reviews)


Cons
  • There is no room for GROWTH and the PAY SUCKS OVERALL(in 25 reviews)

  • All the hard works we done are not appreciated by the senior management of the company(in 49 reviews)

1,159 Employee Reviews
Relevance Date Rating
in
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    Good learning experience but poor compensation and high turnover

    Anonymous Employee (Former Employee)

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

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

    Advice to Senior ManagementIncrease salaries and retain employees

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    1 person found this helpful  

    Moderate Experience

    Lead Business Analyst (Current Employee) Singapore (Singapore)

    ProsGreat place to begin career, but do not stay too long for the entry level positions. You'll get a cozy role though if you come in at VP or higher.

    ConsStandard bureaucracy like in any other large company.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

     

    It is Good

    Anonymous Employee (Current Employee)

    ProsIt is a good company, it cares for the employes, the overall perks of the company apart for the salary structure are good.

    Conssince it has grown leaps and bounds in the last 3-4 years and the company going into full Cost cutting mode, the chances of getting promotions are tough.

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    OK

    Analyst (Current Employee) Pittsburgh, PA (US)

    ProsEasy to get a job.

    Consbelow average pay, hard to move up

    Advice to Senior Managementhire from within and actually give raises

    No, I would not recommend this company to a friend

    • Culture & Values
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    • Senior Management
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    • Approves of CEO

    1 person found this helpful  

    Starter with no other options

    Specialist (Current Employee) Everett, MA (US)

    ProsHires out of college
    Decent wage for a first job
    Close to the T and lots of parking

    ConsLimited upward movement
    Same work everyday, no brain required

    Yes, I would recommend this company to a friend

     

    BNY Mellon is a good company to work, but growth also matters.

    Operations Executive (Current Employee) Pune (India)

    ProsWork culture is good and also thee management is good enough. Over all a good experience to start off with BNY mellon.

    ConsIts very sensitive because we are handling clients moneys.

    • Culture & Values
    • Work/Life Balance
    • Senior Management
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    • Career Opportunities
    • No Opinion of CEO

     

    BNY Mellon 2013 versus 2005 - Changes would help hiring and working there

    Vice President/Consultant (Former Employee) New York, NY (US)

    ProsExcellent at creating a team environment (unless you are in a temporary role, then somewhat exclusionary, and no mentor if you are a temp); fair and good in lateral moves, and likes to promote within, but also open to qualified external hires to promote their business goals.

    ConsNeed to have better group / management organizational skills; internal communication can be improved to improve the performance of client facing roles

    Advice to Senior ManagementMore team orientation towards groups is necessary; inclusionary policy towards temporary/contract employees is good for the overall bottomline, and long-term retention, return employees, and achieving overall revenue at lower-cost is beneficial from an organizational perspective

    Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

    Poor compensation

    Anonymous Employee (Current Employee)

    ProsGood work-life balance in my department, but not in all areas of the company.

    ConsVery minimal, if any, raises. No bonuses.

    • Culture & Values
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    • Senior Management
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    • Disapproves of CEO

     

    Not a good company to work for after Bank of New York merger with Mellon Bank

    Accounting and Reporting Analyst (Former Employee) Brooklyn, NY (US)

    ProsThe best reason to work at BNY Mellon is the great benefits for employee.

    ConsAll the hard works we done are not appreciated by the senior management of the company.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    4 people found this helpful  

    Basic financial industry setting with minimal technology innovation, workplace perks, or career opportunities

    Vice President (Current Employee) New York, NY (US)

    ProsGeneral pros:
    • Generally easy 9-to-5 working style is common
    • Minimal workplace pressure
    • Basic benefits include health care, vision, dental, and disability

    IT-specific pros:
    • Low-speed development with no high-pressure situations
    • Moving towards development style and tools that align more with the overall external development community

    ConsGeneral cons:
    • Low salaries
    • Low-end benefits and perks, such as limited healthcare options, minimum workplace perks (e.g. costly cafeteria food, small gym membership discount), limited community engagement, no transportation subsidies (only provides for the federal standard of pre-tax contributions for transportation and parking from your own salary)
    • Segregated disciplines, leading to poor career growth opportunities
    • Risk-adverse company means little innovation or new market headway
    • Aging workforce with minimal sympathy from occasional younger talent
    • Classic hierarchical management model with minimal transparency, limited dissemination of business vision ( marketing vagueness such as "BNY Mellon's Plan to Win")

    IT-specific cons:
    • Ancient, non-standards compliant systems and technology
    • Impossible teams and management structure
    • "Flavour of the day" technology focus
    • Lack of communication and coordination amongst IT groups, leading to redundant development and support
    • U.S.-centric despite substantial development focus in India
    • Completely behind all major tech and engineering firms when it comes to new technology, development, and innovation

    No, I would not recommend this company to a friend

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