BNY Mellon

  www.bnymellon.com
  www.bnymellon.com

BNY Mellon Reviews

Updated 26 November, 2014
Updated 26 November, 2014
1,324 Reviews
2.8
1,324 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
BNY Mellon Chairman, President and CEO Gerald Hassell
Gerald Hassell
405 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.  

    BNY Mellon

    • 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 3 years)

    Pros

    Great work life balance, great people. Very Flexible. Great place to begin and end a career. Benefits are decent.

    Cons

    Management/org is constantly changing. Barely no raises, pay is low, They do not promote from within and if they do barely compensated for it.

    Advice to ManagementAdvice

    Find a better way to keep young talent. I have seen a lot of great young talent leave because they are given no incentive to stay.

    Recommends
    Neutral Outlook
    Disapproves of CEO
  2.  

    Large Global Organization, Great work/life balance

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

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

    Pros

    Friendly laid back atmosphere, good company values and corporate vision. Great D.I.Y. training resources available. I don't know how easy it is to move within the company and across the locations, being one of the largest deposit banks in the world they have great global presence with office locations everywhere.

    Cons

    There seems to be a fairly large number of individuals who don't know what the company does beyond their own responsabilities and they are ok with that. There is little global awareness.

    Advice to ManagementAdvice

    Coach front-line managers and strengthen the managers skill set and comfort level with having difficult conversions with employees on how the employee could strengthen their own knowledge level and skill sets. Treat the infection rather than continuously putting band-aides on. Could do more around employee engagement and company awareness in the workplace at the .

    Recommends
    Neutral Outlook
    No opinion of CEO
  3. 3 people found this helpful  

    Good place to start. Bad place to stay.

    • 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 3 years)

    Pros

    This is a good company to get your foot in the door and gain experience in financial services. They are one of the few companies with a high volume of true "entry level" jobs.

    Cons

    The pay is well below competitive. It is easy to move laterally, but very difficult to move up. Management has promotion 'rules' that seem to disqualify the most qualified candidates and reward mediocre performance based soley on number of years at the firm.

    Advice to ManagementAdvice

    Reward talent with promotions and compensation incentives.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5.  

    No career mobility, all promotions based on favorism

    • 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 were good in comparison with others

    Cons

    management doesn't promote career mobility

    Doesn't Recommend
    No opinion of CEO
  6. 1 person found this helpful  

    Tough environment

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

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

    Pros

    Co-workers are professional and helpful. Compensation was good. Work life balance good.

    Cons

    Morale is very low. Continuous lay offs. No raises or bonuses. Unrealistic expectations from management. Management ignorant of what is actually going on in the company. One dimensional plan to improve is cost cutting.
    Internal and External customer service has steadily declined over the past decade.

    Advice to ManagementAdvice

    Management needs to come out of their offices and see what is actually going on with the firm.

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

    A Terrible Company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Transactions Processor in Westborough, MA (US)
    Former Employee - Transactions Processor in Westborough, MA (US)

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

    Pros

    Some benefits were ok, generous vacation and sick time

    Cons

    Treated people like number, outsourced everything possible, temped many positions that should have permanent

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  8. 1 person found this helpful  

    Going Downhill

    • 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 5 years)

    Pros

    I worked with some great people - many of whom ended up leaving.

    Cons

    Very little opportunity for advancement, promotions, raises, etc. Compensation seems to be extremely loosely tied to the actual effort or value of work.

    Advice to ManagementAdvice

    Revamp to attract some new talent.

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

    great company to start your career but leave when possible

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

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

    Pros

    relaxed environment, jeans fridays, intern program at undergrad and grad level

    Cons

    low pay, exploitation of salaried persons, hammering down on you when you do something wrong. corporate doesn't believe in their workers, no matter how loyal they have been

    Advice to ManagementAdvice

    we are all in the same boat, so stop hammering down on employees

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10.  

    Growth is minimal or not at all.!

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

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

    Pros

    Laid out work environment, Incentives, Transportation and in house career advancements courses (very limited though).

    Cons

    Growth is close to nil. Salary increment depends on your performance ( but rather than you performance it depends on your manager and his immediate superior).

    Advice to ManagementAdvice

    More growth opportunities. Less in house politics. Focus on personal development of the employees.

    Recommends
    Neutral Outlook
    Approves of CEO
  11.  

    Not the best job.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Module Processor in Pittsburgh, PA (US)
    Current Employee - Module Processor in Pittsburgh, PA (US)

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

    Pros

    Great cultural diversity with people from all over the world. The opportunity to exchange different ideas and learn new things about the world.

    Cons

    No upward mobility in face of gross nepotism, doesn't pay a living wage, rude management cultivates negative environment, extremely high turnover rate, lack of value for employees, little transparency, management maintains 'us vs. them' dynamic.

    Advice to ManagementAdvice

    Try being nice.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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