BNY Mellon Reviews

Updated 30 October, 2014
Updated 30 October, 2014
1,293 Reviews
2.8
1,293 Reviews
Rating Trends

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

Review Highlights

Pros
  • Decent work life balance pay is enough to survive if you don't need much (in 132 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 31 reviews)

  • All the hard works we done are not appreciated by the senior management of the company (in 51 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Good

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

    I have been working at BNY Mellon full-time (more than 3 years)

    Pros

    benefits, compensation, training, work culture, people

    Cons

    work life balance, work life balance

    Advice to ManagementAdvice

    appreciate and ensure career path for hardworking employees

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Summer intern at BNY Mellon

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

    I worked at BNY Mellon (less than an year)

    Pros

    - Good learning opportunities existed in the internship programme with talks every week delivered by top management in various areas giving a broad overview of a very complex organisation as it is a universal bank
    - Helpful colleagues
    - Good growth opportunities

    Cons

    - Could have been given more responsibility

    Advice to ManagementAdvice

    - Need to improve the efficiency of processes

    Recommends
    Positive Outlook
  3. 1 person found this helpful  

    Marketing & Advertising don't throw the baby out with the bath water.

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

    I have been working at BNY Mellon full-time (more than 10 years)

    Pros

    Good benefits and adequate salaries. Opportunity to learn and grow. Great supporters of community and philanthropy.

    Cons

    New management in marketing marginalizes older employees--arrogant and condescending. Experience is not rewarded. A great deal of smoke and mirrors marketing management. Form over substance. Marketing fundamentals and product knowledge which are necessary to promote a relationship business are being replaced by trendy tactics which will likely not yield an increase in new business or sustain current relationships.

    Advice to ManagementAdvice

    Monitor your results and learn from them. Be open to listening to your team.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
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  5.  

    learning experience

    • 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

    Pros

    benefits and learning experience for starting your career

    Cons

    advancement, doesn't seem like the best place to further your career or get promoted to other positions.

    Recommends
    Neutral Outlook
    No opinion of CEO
  6.  

    Good for learning

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

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

    Pros

    Timing pay and much more

    Cons

    Manager r good in my project i don't know one

    Advice to ManagementAdvice

    Keep going

    Approves of CEO
  7.  

    Excellent

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at BNY Mellon

    Pros

    very good place to work.

    Cons

    ok salary to deal with

  8.  

    Benefits

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Corporate Trust Administrator in Houston, TX (US)
    Current Employee - Corporate Trust Administrator in Houston, TX (US)

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

    Pros

    Comparable to industry benefits and great 401k matching.

    Cons

    Health insurance was better in previous years.

    Recommends
    Neutral Outlook
    No opinion of CEO
  9.  

    Rewards were adequate but corporate culture was everchanging.

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at BNY Mellon

    Pros

    Quality staff is developed based on their own work ethic.

    Cons

    Management by the numbers with metrics and so forth. No longer responding to associates true needs.

    Advice to ManagementAdvice

    Place managers who are familiar with the operations they are tasked to manage.

  10. 4 people found this helpful  

    Expect to be poor

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

    I have been working at BNY Mellon full-time (more than 10 years)

    Pros

    Generally there is a good work life balance.

    Cons

    When I first started at The Bank of New York, I felt like I hit the jackpot and would retire here. Full training was provided and opportunities to grow and learn were plentiful. The work environment was great and co-workers were happy. My reviews had consistently exceeded expectations and my salary increases represented that Since the merger with Mellon in 2007, and especially since the recession, it's a different place. My workloads and responsibilities have doubled yet my increases have stayed between 1.5 - 1.99% in spite of still "exceeding expectations" and that's after not receiving any raise at all in 2009. I'm actually making less money than when I started 14 years ago because the cost of living has exceeded my "raises". I can no longer afford to stay employed at BNY Mellon and most of my coworkers are looking for other jobs because we are overstressed, underpaid and no longer happy.. It's a good place to work if your a manger or above, or in a position where you are bringing in new business or clients, but if your in a job that keeps the business operating, expect to be poor. There are even employees (many) who receive some form of government assistance (in spite of being there a decade) because the salaries are so low. If your a college intern or recent graduate looking for a first job to gain experience it can be a good place to work, but don't expect to stay there long if you want a future.

    Advice to ManagementAdvice

    Provide employees a decent living wage. Employees working at a big Wall Street Bank shouldn't have to receive government assistance or take on part time jobs just to survive.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  11. 5 people found this helpful  

    Dead End - Avoid If Possible

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Control Accounting Specialist in King of Prussia, PA (US)
    Current Employee - Control Accounting Specialist in King of Prussia, PA (US)

    I have been working at BNY Mellon full-time (more than 3 years)

    Pros

    401k program is very good. Decent amount of time off.

    Cons

    Low salaries and raises. Upper management argues that the salaraies are "competitive" but BNY's competitors actually tend to pay significantly more. Meanwhile we get quarterly newsletters telling us about how much money the company keeps making....pretty darn insulting.

    Promotions are uncommon and the raises that come with them are not commensurate.

    Flat out boring atmosphere. Each day is exactly the same as the one before.

    Bloated management structure. Many managers are lifers that just keep their heads down and tread water...lots of older people that got promoted because they put their time in but aren't qualified. Most are not proactive in helping you advance in your career and perhaps even discourage it, because keeping you in your seat forever makes things easier for them. These people prevent more deserving employees from moving up.

    Lack of educational, career, and general professional growth opportunies.

    New employees are often hired at higher salaries than experienced employees...very demoralizing.

    Health benefits seem to have lowered in quality almost every year since I started working here.

    Advice to ManagementAdvice

    Treat employees like human beings. Pay a fair salary.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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