BNY Mellon

  www.bnymellon.com
  www.bnymellon.com

BNY Mellon Reviews

Updated December 13, 2014
Updated December 13, 2014
1,358 Reviews
2.8
1,358 Reviews
Rating Trends

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BNY Mellon Chairman, President and CEO Gerald Hassell
Gerald Hassell
417 Ratings

Review Highlights

Pros
  • Good work-life balance in my department, but not in all areas of the company (in 136 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 32 reviews)

  • Plenty of talk but no regard for work life balance (in the technology sector) (in 23 reviews)

More Highlights

195 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1. 1 person found this helpful  

    It cannot get any worse than this place.

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

    I worked at BNY Mellon

    Pros

    Working from home is not a problem.

    Cons

    You will work with people who have superficial knowledge of the tools and technologies they use.
    Poor project management. Managers create impossible deadlines without fully understanding what is involved to deliver on time. I have seen managers create go-live dates without developers estimates (disastrous). The people here tend to make assumptions on everything without any validation to on their claims (disastrous). This leads to confusion and projects falling behind schedule. It is almost impossible to get anything done at that company due inadequate processes they have in place. Everything has to have a request ticket and be approved which is at minimum one day turn around up to weeks/months depending on what you are requesting. Although there is some new technology being explored at this firm most of the technology is old and outdated. Have you ever heard of Harvest for source control. I did not think so, if you come here you will. The turnover rate here is extremely high. I seen people come and go. Some do not even last a month. On average I seen people stay for about a year. If you are not looking by then you will probably be here forever. This place is a career killer!!!!

    Advice to ManagementAdvice

    A lot of the headaches and failed project can be avoided if you get some quality experience people who are passionate about technology. Also invest in full-time quality project managers (not contract employees).

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2.  

    No growth and not a good long term job

    Former Employee - Anonymous Employee in Philadelphia, PA
    Former Employee - Anonymous Employee in Philadelphia, PA

    I worked at BNY Mellon

    Pros

    Good job right out of college

    Cons

    No opportunities; hard work not rewarded

  3.  

    More concerned with shareholders than its employees

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

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

    Pros

    IF you're a top executive, you'll be compensated very well. The CEO's from the Bank of New York and Mellon Bank were each paid a $3 million dollar bonus for staying for 3 years after the two banks merged.

    Cons

    The company is very top heavy and unfair. Most hostile work environment I'd ever seen. After the CEO's got their bonuses, they laid off multiple entire departments and 30% of my own staff, all while demanding more from everyone. Upper management is absolutely atrocious and hypocritical. For example, my manager told me when doing my employees' reviews to focus on their strengths and good points but then gave me a very bad review and put me on a written warning, at which point I asked, "Why don't you just fire me?" A human resources officer was present for the review and responded with, "Why should we do it?" In my anger and disgust I said I quit, which the HR officer replied, "Can we get that in writing?"

    Advice to ManagementAdvice

    Appreciate the good things your employees do for you and try having some compassion. Reward them for their efforts and instead of lining the pockets of upper management, hire sufficient staff so the work environment isn't a hostile one.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
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  5. 1 person found this helpful  

    Worst Company To Work For

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

    I have been working at BNY Mellon full-time (more than 10 years)

    Pros

    Only pro is the flexibility and that depends on who your manager is. That's about it.

    Cons

    The pay is well below market. Cheap company. Doesn't reward performance outside of a good review. Doesn't promote. Did I mention low pay? Oh yeah, extremely low pay. Low morale.This is just a really bad company to work for on a whole.

    Advice to ManagementAdvice

    Get deserving employees salaries up to market level. Do the right thing. Read Glassdoor and other forums of a similar nature and make a change. All these current and former employees can't all be lying.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  6. 1 person found this helpful  

    Do Not Apply

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Pittsburgh, PA
    Current Employee - Anonymous Employee in Pittsburgh, PA

    I have been working at BNY Mellon as an intern (more than 3 years)

    Pros

    Flexible managers, there are not many perks to working here at all

    Cons

    Pay, promotions, HR. Do not expect to grow in this company. They are honestly one of the worst companies I have ever worked for and would not recommend them to anyone ever.

    Advice to ManagementAdvice

    If someone provides years with you through an internship and are told several times they will be given an offer, do not rescind on this.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7. 1 person found this helpful  

    The worst.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Lead Analyst in Tacoma, WA
    Current Employee - Lead Analyst in Tacoma, WA

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

    Pros

    You can suck at your job and never get fired.

    Cons

    They do not pay any where near market wages. Benefits suck. No advancement from within. Terrible culture.

    Advice to ManagementAdvice

    Get a clue.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8. 1 person found this helpful  

    Terrible Company to work for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Trade Specialist I in Pittsburgh, PA
    Former Employee - Trade Specialist I in Pittsburgh, PA

    I worked at BNY Mellon full-time (less than an year)

    Pros

    It was an easy job to get right out of the gate.

    Cons

    No room for growth, each group is isolated, comically low pay, bureaucratic, and never innovative.

    Advice to ManagementAdvice

    Why would management listen to advice. They make dandy money up on Wall St., but anything else will make 50K or under, despite bringing in 100K+ in value annually.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  9. 3 people found this helpful  

    Shoot the messenger style of management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Supervisor in Jersey City, NJ
    Current Employee - Supervisor in Jersey City, NJ

    I have been working at BNY Mellon full-time (more than 10 years)

    Pros

    Almost impossible to get fired. Bank continues to cut affiliates headcount and sending jobs to low cost areas such as Chennai India, Piittsburgh, Florida.The US staff always needs to babysit the India staff and redo the work because they are incompetent. Nothing will change because the CIO is from Chennai.

    Cons

    While business continues to do well(so we are told constantly) management continue to cut headcount while signing more complex customers and the pressure on remaining staff is horrible. The promotion process is a joke. It takes 3 months a year and multiple committees to review all promotions. If you are lucky to get promoted do not expect more money. You should be happy they gave you more responsibility and your family never sees you.

    Advice to ManagementAdvice

    If you care about employees, s you state often, give money with a promotion. Stop asking for multiple ad hoc reports of staff that are busy running the business. If you invest in centralized tools then use them.

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
  10.  

    the worst company i have ever worked for.

    • 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

    none at all, oh, leaving at 5 everyday because no one is willing to stay even an extra minute for a company that treats you like nothing.

    Cons

    bonuses only for higher ups, 1% raises after having to fight for it, low morale all around, roaches in the bathrooms, NO COFFEE, no refrigerator, napkins--no proper pantries

    Advice to ManagementAdvice

    this kind of ultra right wing thinking gets you many more employees than you need because they are unhappy and unwilling to work hard for you.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  11. 4 people found this helpful  

    No Direction

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Analyst in Pittsburgh, PA
    Current Employee - Financial Analyst in Pittsburgh, PA

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

    Pros

    One of the largest employers in Pittsburgh. Huge financial company with locations all over the world. Largest custody bank and asset manager in the country. Nelson Peltz a activist investor might save this company from the current executive management running the company into the ground.

    Cons

    Horrible salaries with no salary growth. This company has jobs not careers and career opportunities are very limited The majority of jobs translate into nothing outside of the company. Very poor leadership, in fact this company is comprised of the typical narrow minded "wall street" managers that think nothing exists outside of New York city. Very poor leadership with faceless executive managers. There are no leaders just mangers in this company.

    Advice to ManagementAdvice

    Start paying a real "living wage". Become a leader in the financial industry by offering your employees more career growth and salary instead of following the rest of wall street. Completely gut and redo the executive management committee and give the larger regional hubs that do all of the work (i.e. not New York city) a voice and representation on the executive committee.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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