BNY Mellon Reviews

Updated 25 August, 2014
Updated 25 August, 2014
1,230 Reviews

2.8
1,230 Reviews
Rating Trends

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

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)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1. 4 people found this helpful  

    Company going donwhill - hostile work environment under CEO Gerald Hassell

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Boston, MA (US)
    Current Employee - Anonymous Employee in Boston, MA (US)

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

    Pros

    BNY Mellon was previously a fantastic company with strong values and a true client service focused atmosphere. I was proud to work here. Line managers allow you to take on many special projects so that you can grow both personally and professionally. Flexible work arrangements here are second to none.

    Cons

    The company has changed dramatically over the past year and more specifically since CEO Gerald Hassell took over for Bob Kelly. While cost cutting measures are critical to our stability and growth, employees are paying the price for expensive acquisitions that have not seen the ROI we expected. Employees have seen bonuses eliminated, Health Insurance benefits go downhill, a freeze on raises, a freeze on even managers buying coffee and donuts at a meeting. Employees have to use their own personal laptop and cell phone and travel to meetings with no reimbursement. Job "restructuring" singling people out for demotion. This is the nightmare we heard about that was the culture at The Bank of New York and it is now being revisited.

    Advice to ManagementAdvice

    Pay attention to your number one asset which is the skill and knowledge base of your employees. You cannot keep chipping away at morale and expect the company to be successful.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2.  

    Performance analyst

    • 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 for more than 5 years

    Pros

    Great work life benefits, great for straight out of college

    Cons

    Compensation is poor, no room for growth, upper management seems lost.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  3.  

    Not enough opportunities

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

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

    Pros

    Get together events at Christmas. Nice and some helpful colleagues.

    Cons

    No progression, low salaries, poor bonuses and really sad pay rise.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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  5.  

    3 month contract for transfer agent administrator.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Transfer Agent Administrator  in  Wexford (Ireland)
    Former Employee - Transfer Agent Administrator in Wexford (Ireland)

    I worked at BNY Mellon as a contractor for less than a year

    Pros

    Friendly staff mostly, overtime money adds up,

    Cons

    high pressure, high stress, little training, little time for lunch, huge responsibility immediately, crazy workload, understaffed, long days, take work home.

    Advice to ManagementAdvice

    Get more staff, do not use staff there 3 months to train others.

    Doesn't Recommend
    No opinion of CEO
  6.  

    Good stepping stone

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

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

    Pros

    People are generally friendly and open. The company puts a lot of resources and effort on diversity and employee engagement. It is a good place to practice fixing things.

    Cons

    Salaries in many departments in non financial centres are not in line with local competitors. Progression can be slow and investment in serious training and development is lacking. It is also not easy to move around without guardian angels at senior levels.

    Advice to ManagementAdvice

    Pay attention to the plight of your middle managers rather than statistics. If you offer low salary you will not attract or retain quality and clients will notice.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  7.  

    Some decent roles but awful salaries

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee  in  Dublin, Dublin (Ireland)
    Former Employee - Anonymous Employee in Dublin, Dublin (Ireland)

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

    Pros

    Good people and generally a good atmosphere in the office. Definitely gained some valuable experience in some interesting roles while I was there.

    Cons

    The salary was pathetic and any annual increases and bonuses were on a par with that. The culture in the office means its all politics to get ahead. High performers who don't conform to the brown nosing culture will be patted on the back for getting the work done but wont be rewarded.

    Advice to ManagementAdvice

    Cut the nonsense with your best workers and just reward them - don't fear them. Too many people in senior positions are just not up to the job and don't understand the business.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8.  

    Your wellbeing life and health will be challenge working here.

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

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

    Pros

    Laid back.... You can pretty much come in to work late and just roll in like there is no issue depending on most managers in the firm. About 80% of the management are laid back. The company tries to keep you in the loop in there town hall meetings.

    Cons

    The job does not train for anything outside the firm. Companies are hesitant to hire when coming from BNY since its not true accounting. Merit increases are the worse. So if you are a dedicated worker and like to overachieve, then get ready to receive a increase in salary at or around 2.5 - 3 %. Advancement in the firm is not based on knowledge, its based on who you know and if they like you. Benefits got bad in 2014. If your working in a group where it requires much manual work, good luck in getting vacations.

    Advice to ManagementAdvice

    Office culture and moral is low all around. Staff members walk around talking about management and there knowledge base.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  9. 1 person found this helpful  

    BNY Mellon Corporate Trust Dept.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Trust Administrator  in  Seattle, WA (US)
    Former Employee - Senior Trust Administrator in Seattle, WA (US)

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

    Pros

    Good benefits (medical/dental/vision); 401(k) & ESOP & other benefits; Work hours good

    Cons

    Workload can be heavy & stressful at times & may be expected to handle a load that is more than one person can do. New employees hired to do the job have no interest in learning the job & want to be told exactly what to do & have no initutive learn it on their own. Experienced employees with attitude of being proactive are laid off & new ones are hired that have no such attitude.

    Worked in the Corporate Trust Department where they changed the operating module but it didn't see to be working very well. New issues were taking too long to set up; Relationship Manager may not be doing their job which delayed the new setup; Client Service Delivery dept. didn't get all the info they needed when issue closed or were notified day before or day of the Closing Date; Client Service Managers were expected to do double the work with admin assistance. Duties were complied into one group & those employees have no knowledge of the accounts or anything so things are missed.

    When employees had to decide what role/dept. they wanted in the new operating module upper management & department VP stated that it did not matter what role or city you were in. However, it did matter as in 2012 employees were told they would be laid off as they closed the satellite cities & moved certain positions to "core" cities. So management does not always communicate fully about things that would effect their employees job.

    Advice to ManagementAdvice

    Communicate more fully when changing things especially when it affects people's jobs & being laid off or not.

    Recommends
    Neutral Outlook
    No opinion of CEO
  10.  

    Great co-workers and environment but started to change at the end of my tenure.

    • 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 for more than 10 years

    Pros

    Good compensation, great co-workers, excellent benefits. Opportunities for advancement. Friendly atmosphere. A feeling like we're all on the same team. Supervisors were encouraging and supportive.

    Cons

    Not as good a work-life balance as I would have thought; more weekend work/special projects than I anticipated. Difficult bureaucracy to navigate. Sometimes the directions of upper management were less than clear. Bonuses when available were on the low side. Things went downhill after the merger with Mellon Bank.

    Recommends
    Negative Outlook
    No opinion of CEO
  11.  

    good

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at BNY Mellon

    Pros

    Good opportunity to start a career

    Cons

    Pay rate is a little slim.

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