BNY Mellon Reviews

Updated 18 April, 2015
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  1. Great entry level employer, but very upward mobility.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Fund Accountant in Lake Mary, FL (US)
    Current Employee - Senior Fund Accountant in Lake Mary, FL (US)

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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Great employer for for college grads. Very good 401k. Laid back environment. Casual dress code.

    Cons

    Health insurance has gone downhill big time in recent years, very little upward mobility, large impersonal corporation.

    Advice to Management

    Give employees back their top-notch health insurance. Give people more opportunities for career advancement.

  2. Helpful (1)

    A great company being ruined by politics

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

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

    Recommends
    Negative Outlook
    Recommends
    Negative Outlook

    Pros

    Experience a wide range of business activities across the globe. Great training opportunities. Most people are friendly and trustworthy. Great work-life balance.

    Cons

    Additional layers of senior management are created for the old boys network and filled by well-spoken yes-men with limited knowledge or experience, and who do not follow policies..These positions are mostly not advertised, filled by prior arrangement, and therefore impose a glass ceiling for internal employees. Even the top performers have little or no prospects of career advancement, complete with non-existing salary increases or bonuses. As a result the better performers leave in large numbers, and the weak ones with limited knowledge and poor performance stay behind.

    Advice to Management

    Get a HR policy in place which mandates advertising all jobs both internally and externally, with appointment based on merit, and with a preference for appointing internal candidates. HR should compile a hotlist of high performing internal candidates who are looking for internal career advancement, and focus on this hotlist prior to inviting external candidates. If no career progression has been made in 2 years, HR should intervene and the manager should explain. Honestly, after 7 years of being one of your highest rated employees, but with no career advancement, I have now given up hope.

  3. BNY Mellon- Custody

    • 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

    Doesn't Recommend
    Doesn't Recommend

    Pros

    Good if your on a good team

    Cons

    Poor corporate culture
    Low pay for amount of work

  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. I am working in BNY Mellon since 3 year as an process analyst.

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

    I have been working at BNY Mellon

    Recommends
    Positive Outlook
    Disapproves of CEO
    Recommends
    Positive Outlook
    Disapproves of CEO

    Pros

    Its good brand to work with. This company is employee oriented company.

    Cons

    Management should work to salary increments for promotion only 9% hike you will get if you got internal promotion, due to which employee choose leaving the company instead of promotion.

    Advice to Management

    same as above,

  6. Derivative operation very laid back, set hours, not much client interaction

    • 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

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    Laid back low stress

    Cons

    Non negotiable hours, no room to grow within the company in the same department.

  7. Okay place

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at BNY Mellon

    Pros

    Coworkers are the best part of the job

    Cons

    Salary is under market value

  8. Great Company, stay away from Everett

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at BNY Mellon

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Built solid relationships with platinum level client

    Cons

    Was sold as a "growth center" not one new client added. Low pay, far too many incompetent senior level employees. BNY Mellon is a great company although custody operations is not the ideal section of the company to work.

    Advice to Management

    If you're going to sit in your office and measure rubber bands with a ruler, might be a good idea to close your door so your employees can't see you.

  9. Helpful (2)

    Accountant

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at BNY Mellon

    Pros

    Laid back relaxed work atmosphere

    Cons

    Not a long term career

  10. Great for entry level

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Fund Accountant
    Current Employee - Fund Accountant

    I have been working at BNY Mellon

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    great work-life balance, knowledgeable people, benefits

    Cons

    pay is well below industry average

  11. Big Old Bank Trying to Find its Way Forward

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President
    Former Employee - Vice President

    I worked at BNY Mellon full-time

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Company and mgmt truly support their various diversity groups - women, minorities, LGBT, etc. The volunteer and charitable activities in Boston and Pittsburgh are also very committed and genuine - still part of the communities.

    Cons

    Where to start.. the issues all depend on which group you belong to. They vary from WM to IM to Custody - all not the same.

    Advice to Management

    Find a realistic path to future growth and stay with it (especially in investment mgmt)

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