BNY Mellon Reviews | Glassdoor.ca

BNY Mellon Reviews

Updated 12 December, 2018
3,897 reviews

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3.2
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BNY Mellon Chief Executive Officer Charles W. Scharf
Charles W. Scharf
338 Ratings

Employee Reviews

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Pros
Cons
  • "overtimes affect the work life balance" (in 86 reviews)

  • "Not much room for growth or learning, not a challenging environment so it is hard to be ambitious" (in 73 reviews)

More Pros and Cons

  1. Featured Review

    Helpful (9)

    "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. "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


  4. Helpful (1)

    "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.


  5. "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.


  6. "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


  7. "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.

  8. "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.


  9. 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


  10. Helpful (1)

    "Operations exec"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Good place to start out career, flexible, training programs

    Cons

    not many opportunities for advancement, management is not engaged

    Advice to Management

    Hire better employees, have better management employee interaction