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    BNY Mellon Reviews

    Updated 20 February, 2019
    4,098 reviews

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    3.1
    StarStarStarStarStar
    Rating TrendsRating Trends
    Recommend to a friend
    Approve of CEO
    BNY Mellon Chief Executive Officer Charles W. Scharf
    Charles W. Scharf
    440 Ratings

    Employee Reviews

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    Pros
    Cons
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    1. Featured Review

      Helpful (16)

      "Global Securities Ops"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Current Employee - Global Securities Processing Ops in Pittsburgh, PA (US)
      Current Employee - Global Securities Processing Ops in Pittsburgh, PA (US)
      Recommends
      Positive Outlook
      Approves of CEO

      I have been working at BNY Mellon full-time (Less than a year)

      Pros

      M-F 8:30am - 5pm, no weekends so far.

      Plenty of time to have healthy hobbies after work, study Techy certifications online to open doors for higher paying salaried positions in the tech related field or Fin-Tech related fields of work.. I HIGHLY Recommend preparing your lunch and healthy snacks for your work desk and get your things in order for work the day before so you can be early to work and feel proud each day giving your best.
      Treats me with Respect, non-biased environment, Interview was Excellent and engaging. Even set my new desk up with a new Dual Screen Monitors and new Computer.

      Coworkers are pleasant, helpful, and respectful of your personal space by default.

      Coworkers genuinely say hello or good morning if you say hello or good morning to them which is good communication environment to start with as opposed to not. Be detailed focused and learn as much as you can, and ask TONS of questions about the older software still being used in the Securities trading game. Its a entire market thing, not by fault of B.N.Y. Mellon by any means.

      Making new programs that work for all your clients is time, personnel, and cost intensive, and only a few companies get lucky enough to buy the program they always dreamed of from a MIT student or Stanford student for a low price. \

      So its definitely a challenge processing things that are DOS based ONLY because the lack of automation and lack of built in Artificial Intelligence in the Securities game.

      There are of course newer programs out there but are not yet widely used, and therefor it would be an immense undertaking for ANY company to make such a switch, especially when the clients and brokers you serve are not asking for the newer programs across the board. So i feel where B.N.Y.

      Mellon is coming from. So there in itself lays the challenges of Global Securities Ops jobs in the USA.

      Cons

      The only way to get in the door, even if you live in the same city as your work location would be, is to apply and professionally network with Temp Agencies whom are contracted with BNY Mellon to Pre-screen potential candidates throught the temp agency instead of directly through BNY Mellon HR. That can be a pro and a con at the same time. Because, if you never thought to apply to this company by means of a temp service, you would possibly wait 1 to 7 years to get hired directly. Depends of course on your background, and who you know in the field you are applying for. (comments are simply based on life experiences)

      Advice to Management

      Continue being awesome...
      Also thank you for the 5 Gallon Water dispensing unit on our floor, super convenient. It even dispenses HOT water for Green Teas and Instant coffee if you are into the healthy energy boosts.

    2. Helpful (1)

      "Excellent Company"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Former Employee - Relationship Manager
      Former Employee - Relationship Manager
      Positive Outlook
      Approves of CEO

      I worked at BNY Mellon full-time (More than 8 years)

      Pros

      Employee friendly and valuing hard work.

      Cons

      very slow in all internal processes.

      3. Join the BNY Mellon team
      See Our Latest Jobs

    3. Helpful (3)

      "Horrible Company"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Former Employee - Analyst in Toronto, ON
      Former Employee - Analyst in Toronto, ON
      Doesn't Recommend
      Neutral Outlook
      No opinion of CEO

      I worked at BNY Mellon full-time (More than 3 years)

      Pros

      1) Decent office location in Downtown Toronto.
      2) 9 to 5ish work hours

      Cons

      The whole Toronto office is a glorified Sales office to sell sub-par investment performance to trusting Canadian individuals and institutions.
      Management lack any expertise.
      Below market salary
      No training
      Toxic culture
      No esprit d'corp
      No professional progression available
      No career development
      Intellectual wasteland (using Excel Macros is a transformative innovation)
      No positive feedback or interaction with management
      Admin/reception staff are morons
      Made to show up to work during Christmas holidays even though there is no work during that season
      False promises of paying for professional education such as CIM, CFA, CSC, etc. - they will find some loophole to weasel out of it

      Advice to Management

      Too much to write here but in short: get a clue.

    4. Helpful (1)

      "Section Manager"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Current Employee - Anonymous Employee in Toronto, ON
      Current Employee - Anonymous Employee in Toronto, ON
      Recommends
      Neutral Outlook
      No opinion of CEO

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

      Pros

      Job security and log term career.

      Cons

      low salary and benefits for employees

      Advice to Management

      review pay scale to improve performance

    5. Helpful (2)

      "Terrible management, zero progression"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Current Employee - Anonymous Employee in Toronto, ON
      Current Employee - Anonymous Employee in Toronto, ON
      Doesn't Recommend
      Negative Outlook
      No opinion of CEO

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

      Pros

      Friendly co-workers but that is it

      Cons

      Very poor salary
      Management afraid of actually managing staff correctly
      Zero training
      Negative environment
      No team culture
      No positive feedback or interaction with management

      Advice to Management

      Invest in training for managers to learn how to Development, coach and support their staff.

    6. Helpful (1)

      "Disappointing"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Former Employee - Specialist
      Former Employee - Specialist
      Doesn't Recommend
      Negative Outlook
      No opinion of CEO

      I worked at BNY Mellon full-time

      Pros

      I really can't think of any.

      Cons

      Very toxic environment, people tend to blame others for everything. Very stressful job and management gave very harsh reviews.

      Advice to Management

      Your employees are people, respect the learning curve, don't base your judgement on rumors.

    7. "CDO Department"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Former Employee - Anonymous Employee
      Former Employee - Anonymous Employee
      Recommends
      Positive Outlook
      Approves of CEO

      I worked at BNY Mellon full-time

      Pros

      Great Company, listen to employees.

      Cons

      Money was not enough for someone living in Dublin as the cost of living is so high.

      Advice to Management

      Give more money to people who are good at their job, no point offering it when they are leaving, it is already too late

    8. Helpful (2)

      "Investment Analyst"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Former Employee - Anonymous Employee in Toronto, ON
      Former Employee - Anonymous Employee in Toronto, ON
      Doesn't Recommend
      Negative Outlook
      Disapproves of CEO

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

      Pros

      Professional organized first rate classy high standards good usa training limited Canada worldwide organization

      Cons

      Management lacks industry experience. .the only people promoted are lifers 7+ years. Last analyst promoted in 2012...no further or future promotions are scheduled. Work hard no promotions. Annual raise max is 2%. They look for reasons to not give you a good performance review. Bonus paid end of February but raises start in July each year. Most people quit after bonus so they never pay raise. Lots of worldwide jobs but they will never transfer you out of Canada. It's never happened but Americans get promoted to Canada. It's a job not a career place. Blame culture in full affect.

      Advice to Management

      Listen to your staff but then again all in power are vice presidents so they know everything. Many haven't ever worked outside of bny Mellon but claim to know how 0the street runs.

    9. "Business Analyst"

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

      Pros

      Good chance to travel for implementation projects

      Cons

      Looked down as a burden, if you are not working on any billable projects.

    10. Helpful (1)

      "Corporate Trust"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Former Employee - Anonymous Employee
      Former Employee - Anonymous Employee
      Recommends
      Positive Outlook
      Approves of CEO

      Pros

      Smart people hard working people.
      Ability to interact with various departments.
      Great learning experience

      Cons

      Very stressful long hours
      Poor management
      Low salary
      No room for growth

      Advice to Management

      Bleek outlook