BNY Mellon
2.8 of 5 1,136 reviews
www.bnymellon.com New York, NY 5000+ Employees

BNY Mellon Reviews

Updated Jul 10, 2014
All Employees Current Employees Only

2.8 1,136 reviews

                             

60% Approve of the CEO

BNY Mellon Chairman, President and CEO Gerald Hassell

Gerald Hassell

(323 ratings)

44% of employees recommend this company to a friend
734 Employee Reviews Back to all reviews
Relevance Date Rating
in
    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • Disapproves of CEO

    2 people found this helpful  

    Basic financial industry setting with minimal technology innovation, workplace perks, or career opportunities

    Vice President (Current Employee)
    New York, NY

    ProsGeneral pros:
    • Generally easy 9-to-5 working style is common
    • Minimal workplace pressure
    • Basic benefits include health care, vision, dental, and disability

    IT-specific pros:
    • Low-speed development with no high-pressure situations
    • Moving towards development style and tools that align more with the overall external development community

    ConsGeneral cons:
    • Low salaries
    • Low-end benefits and perks, such as limited healthcare options, minimum workplace perks (e.g. costly cafeteria food, small gym membership discount), limited community engagement, no transportation subsidies (only provides for the federal standard of pre-tax contributions for transportation and parking from your own salary)
    • Segregated disciplines, leading to poor career growth opportunities
    • Risk-adverse company means little innovation or new market headway
    • Aging workforce with minimal sympathy from occasional younger talent
    • Classic hierarchical management model with minimal transparency, limited dissemination of business vision ( marketing vagueness such as "BNY Mellon's Plan to Win")

    IT-specific cons:
    • Ancient, non-standards compliant systems and technology
    • Impossible teams and management structure
    • "Flavour of the day" technology focus
    • Lack of communication and coordination amongst IT groups, leading to redundant development and support
    • U.S.-centric despite substantial development focus in India
    • Completely behind all major tech and engineering firms when it comes to new technology, development, and innovation

    No, I would not recommend this company to a friend

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • Approves of CEO

     

    Opportunity is available if you are willing to work for it.

    Manager (Current Employee)
    King of Prussia, PA

    ProsI was fortunate and had extremely great managers. My Director was very accessable and willing to discuss what was going on with your professional and personal life. Very concerned with work-life balance. My managers made it worth staying there.

    ConsLimited soft-skill training. Unfortunately, the company is moving away for instructor-led soft-skill training in favor of online training. It's a shame. Salary increases when promoted are abysmal. Capped at 4% or 5%. Not justified considering the increased role and responsiblity associated with the raise. Company treats outside hires better than internal promotion.

    Advice to Senior ManagementSenior Management should go back to operating under a customer-centric model instead of an operational-centric model. Treat employees better and more fairly when dealing with promotional opporunities.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review

    1 person found this helpful  

    Staff turnover rates and cost cutting measures are having an impact staff morale

    Anonymous Employee (Current Employee)

    ProsFor a single person with no family this is a good place to work. The working hours can vary across the bank so try and join a team which has reasonable working hours. Management have been very supportive over the years and if you work hard they will reward you with opportunities to grow within the organization.

    ConsPay: after speaking with ex colleagues who have left the bank it seems that the pay levels and benefits are not as good as our competitors.
    Work/life balance: varies across the bank but in the location I work the turnover rate is high and as a result our work life balance is poor.
    Technology is poor and requires major investment.

    Advice to Senior ManagementPay: match the pay and benefits of our competitors.
    Training: invest heavily in the training of new and existing staff.
    Technology: invest in technology to improve productivity and reduce time consuming manual tasks.

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
  • We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • Disapproves of CEO

     

    Audit

    Senior Auditor (Current Employee)
    New York, NY

    ProsGood hours, nice people for the most part

    ConsPoor compensation, raises and bonus are minimal at best, lots of favoritism, no career growth, unequal distribution of work, unprofessional behavior demonstrated by some members of the Management team, people tend to stay in the same jobs forever, lots of dead weight around

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • Approves of CEO

     

    It has been an overall good place to work

    Anonymous (Current Employee)

    ProsSalary is great and they are good from promoting within. There is not a lack of work in most departments

    ConsNot big in telecommuting people could use more flexibility and dedicated work from home or flex time that allows them an extra day off every other week

    Advice to Senior ManagementBe more flexible on telecommuting and flex time when peoples location does not effect their job

    Yes, I would recommend this company to a friend

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • No Opinion of CEO

     

    It's OK

    Anonymous Employee (Current Employee)
    Orlando, FL

    ProsGreat work/life balance in my department, but others differ.

    ConsSlow or negative growth makes it difficult to advance. Compensation and benefits are nowhere near as good as they used to be.

    Yes, I would recommend this company to a friend

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • No Opinion of CEO

     

    Not too shabby after years in outsourcing hell

    Software Systems Specialist III (Current Employee)
    Pittsburgh, PA

    ProsSalary is fair, and workload is manageable. This company cares about work/life balance. I received a fairly average raise and bonus after my first year. Vacation, is awesome. I started with three weeks and will be up to 4 weeks of vacation after just 2 years! They are also willing to pay for training and have a good tuition program.

    ConsThere is some bitterness amongst people who have been around since before the merger of BNY and Mellon. That can be a drag at times. Also, in my second year of employment the health care offering went WAY down hill! They had a PPO 100 my first year. Now they have these crappy high deductible plans. I’m having a kid this year and it going to cost some $$$.

    Advice to Senior ManagementMost of what you are doing is pretty good. There are some crack pots near the top but things aren’t all bad. Take better care of your people when it comes to health care and we’ll be ok.

    Yes, I would recommend this company to a friend

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • No Opinion of CEO

     

    Could be Better

    Anonymous Employee (Current Employee)

    ProsWork / Life balance is really good.

    ConsMonetary Rewards are limited even for high performers

    – I'm optimistic about the outlook for this company

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • No Opinion of CEO

     

    Sr Financial Analyst

    Senior Financial Analyst (Current Employee)
    Pittsburgh, PA

    Prosopportunity for continual project involvement, reengineering operations, and Line of Business analytics. BNY Mellon continually give each of it's employees an opportunity to actively shape their career paths, gather a lot of change experience.

    ConsThe finance department is unappreciated and the department and company is run on fear of being replaced, downside or misplaced. The only constant as in most banking establishment is "change" however, at this company change comes in form of a constant hail. Pay is sub par at least in Pittsburgh unless you are in direct client facing situation.

    Advice to Senior ManagementThe company is run like a head of headless chicken being shuffled between chicken coops. Communication is key, and keeping your employees in the loop rather than the dark would foster a positive environment rather than than one of fear

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • Disapproves of CEO

     

    Welcome to the machine

    Associate Client Service Manager (Current Employee)
    Houston, TX

    ProsWall street perception of the company is positive, breadth of reach is enormous, stock has been a good performer.

    ConsToo big to fail has its challenges. Take it or leave it culture locally. Operations management approach to a service with many solid competitors.

    Advice to Senior ManagementRemember that your employer has a $40b+ market capitalization.

    No, I would not recommend this company to a friend

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
RSS Feed Embed

Worked for BNY Mellon? Contribute to the Community!

Your response will be removed from the review – this cannot be undone.

Glassdoor is your free inside look at BNY Mellon reviews and ratings — including employee satisfaction and approval rating for BNY Mellon CEO Gerald Hassell. All 734 reviews posted anonymously by BNY Mellon employees.