BNY Mellon

  www.bnymellon.com
  www.bnymellon.com

BNY Mellon Reviews

Updated 18 November, 2014
Updated 18 November, 2014
1,319 Reviews
2.8
1,319 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
BNY Mellon Chairman, President and CEO Gerald Hassell
Gerald Hassell
402 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 Company

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

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

    Pros

    Laid Back, good work hour

    Cons

    Low salaries, business outsourcing, not much potential growth

    Advice to ManagementAdvice

    Need to get more business

    Recommends
    Neutral Outlook
    Approves of CEO
  2.  

    Great place to work.

    • 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 people are great here.

    Cons

    Work/life balance is difficult to maintain.

  3.  

    Great start to a career

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

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

    Pros

    Friendly management, everyone works together as a team. Nice offices and prestiguous reputation. Benefits are great.

    Cons

    No negotation in salary, will offer low end of what the market offers. Not much room for advacement opportunities.

    Advice to ManagementAdvice

    Offer better compensation and bonuses.

    Recommends
    Neutral Outlook
    Disapproves of CEO
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  5.  

    It is wonderful Company to work for.

    • 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 full-time (more than 3 years)

    Pros

    The extra benefits like food, conveyance, extra pay, other privileges, brand name.

    Cons

    Growth opportunities, learning curve, Management

    Recommends
    Neutral Outlook
    Approves of CEO
  6.  

    Work hard to get ahead

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

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

    Pros

    In some departments, if you show the willingness to go above and beyond the average you will be rewarded for it and recognized. Maybe not in a pay increase but if there is an open position within the department they will look to you. This is one way to move up within the company. If your goals and they know you are willing to go outside of the company they will try to keep you with the company and find a position that aligns with your career goals. THIS IS NOT EVERY DEPARTMENT.

    Cons

    Salary is below the market average. Have to work in same position for at least a year. On job training is limited. Have to take it upon yourself to advance your career.

    Advice to ManagementAdvice

    Make salaries more competitive to keep good talent within company.

    Recommends
    Positive Outlook
    No opinion of CEO
  7.  

    Decent place to start a career in financial services industry.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Relationship Manager in Wilmington, DE (US)
    Current Employee - Relationship Manager in Wilmington, DE (US)

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

    Pros

    This is God place to start your career.but could be very limiting in terms of growth and career development in later years.

    Cons

    Limited career development and opportunities.

    Advice to ManagementAdvice

    Very limited.

    Doesn't Recommend
    Approves of CEO
  8.  

    Okay

    • 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

    Perks, work from home, overtime

    Cons

    Low salary, crazy managers, low or no raises no bonuses

    Advice to ManagementAdvice

    Use different criteria to select managers and offer management training

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9.  

    We all choose the separation packages in a down economy

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

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

    Pros

    Flexibility after proving value, reasonable separation package, tuition reimbursement and global learning oppurtunities. Employee to Employee treatment is positive and supportive within locations, odd competition among locations.

    Cons

    Line of business reduction felt dishonest, stressful and disorganized. Several offices didn't choose to transfer to HUB locations and took the separation in a difficult job market. Have to fight hard for promotion and compensation, company hires outside instead of promote within.

    Advice to ManagementAdvice

    Im sure things will be normal after everyone adjust to the transition, but it speaks volumes that employees could have had jobs if willing to move but my region had only 3 relocations and more than 500 displaced. Promotion and recognition shouldn't be so difficult or more experienced people will just leave and go to Wells.

    Recommends
    Negative Outlook
    No opinion of CEO
  10. 2 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
  11. 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

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