BNY Mellon
2.8 of 5 1,129 reviews
www.bnymellon.com New York, NY 5000+ Employees

BNY Mellon Reviews

Updated Jul 6, 2014
All Employees Current Employees Only

2.8 1,129 reviews

                             

60% Approve of the CEO

BNY Mellon Chairman, President and CEO Gerald Hassell

Gerald Hassell

(318 ratings)

44% of employees recommend this company to a friend
166 Employee Reviews Back to all reviews
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    Politics, politics, politics, with horrible raises and 60+ hour weeks

    Vice President (Current Employee)
    New York, NY

    ProsIt's a paycheck but barely.

    ConsBoss required everyone to submit him for manager of the year but gives no guidance, refuses to set priorities or do anything. The politics get in the way of everything. While the talk coming from the top sounds great, it has not trickled down. If you show any initiative, you are snapped back so hard that you get whiplash.

    Advice to Senior ManagementTake a real look at what your middle management is doing (or not doing) and clean house. 360 degree reviews don't help if staff is too afraid they will be identified and punished. Fix the medical coverage that went into effect this year, it is horrible and more than ate up my pathetic increase.

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

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    DON'T ACCEPT A JOB FROM BNY MELLON!!! RUN FOR YOUR LIFE..

    Senior Analyst (Former Employee)
    Houston, TX

    ProsGood 401K and Health Benefits that's about it...

    ConsThis place will suck you DRY!! There is no room for GROWTH and the PAY SUCKS OVERALL!! If you love receiving 1% raises then this place is all for you. You deal with Customers/Clients on a daily basis handling deals that are screwed up. Turn Over rate is HORRIBLE will leave you with Overwhelming work loads. People who've been there for years don't know how to do the work. This place will really make you want to JUMP OFF A BRIDGE at the end of the day. I've worked at this place for a ending 8 years and MY ATTITUDE got worse over the course of those years. Since I have a new job the STRESS LEVEL IS SO MUCH BETTER. This job was so FRUSTRATING I worked so hard over the years and ONLY received 1 Bonus Check of the past 8 years.. I've went above and beyond trying to perform but BNY SIMPLY DOESN'T CARE THATS WHY THE TURN OVER RATE IS SO HIGH!!

    Advice to Senior ManagementSHUT THE COMPANY DOWN THAT'S THE BEST WAY TO PUT IT... MOVE EVERYTHING AND KEEP IT IN PITTSBURGH AND PUNE, INDIA .........

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

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    Hypocrite local managers!

    Client Service Manager (Former Employee)
    Houston, TX

    ProsLong vacation (four weeks) and flexible work schedule. You can work from home but your exepenses for telephone and internet

    ConsIt is a sweatshop type of workign environment. Majority of local juniors and senior managers are hypocrite. They can only talk but not doing. Extremely LOW tech! 80% of mannual works can be done better if they know how to applie Excel VBA tool but Unfortunately 90% of local employees are below basic Excel users.

    Advice to Senior ManagementExecutive managers should pay details attention WHY historically every two years re-organization and changing of working procedure but the resistance pushed all the changes back to OLD way of years beofre. The simple answer, the local Houston junior and senior managers are hypocrite.

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

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    The Loch Ness Monster, Bigfoot, Aliens and Pay For Performance

    Fund Accounting Supervisor (Former Employee)
    Everett, MA

    ProsYou receive a paycheck...that's about all I can say for positives

    ConsWhat do the items in the title have in common? None of them exist, especially pay for performance. Unless you consider a 1% raise adequate compensation for your efforts. On top of that you will have the pleasure of being forced ranked at review time.
    Here is what you need to know:
    Stay out of Fund accounting (CARS) at all costs. This group has been letting people leave without replacing them for years, as part of their cost saving strategy.
    Work is being sent to India left and right.Everyone there is on borrowed time and are acting like it. Many of the managers and especially the senior managers are playing out the string and will do anything not to rock the boat.
    If you make a mistake you will be treated like a mass murderer. You will be forced to come in during blizzards and work past 730 every night.
    Stay out of the third floor bathroom in Everett. It is an abomination. These people have no respect for their bodies much less their coworkers.

    Advice to Senior ManagementTake some of the millions you pocket in bonuses each year and buy a soul.

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

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    Not a place for motivated, hard-working individuals

    Asset Servicing (Current Employee)
    New York, NY

    ProsA good place for people who are not driven and people who like to complete minimal amounts of work.

    ConsNo incentive to perform anything more than your daily tasks, which are robotic. Pay is well below industry standards.

    Advice to Senior ManagementLearn how to properly motivate your employees. Trim the fat in the organization and reward the people who add value.

    No, I would not recommend this company to a friend

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    Unless you have your head up the Supervisors butts, and you are willing to back stab your co-workers, you will fit in.

    Control Accounting Specialist (Former Employee)
    Westborough, MA

    ProsNot one Pro....no values, personal growth is a joke...unless you are " Part of the click "

    ConsThere is not enough room to describe all the cons....

    Advice to Senior ManagementOpen your eyes, and stop favoring your " friends " and give the hard, caring workers a great place to work...rather than ruining families lives with unemplyment

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

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    Horrible, miserable, beware!

    Anonymous Employee (Former Employee)

    ProsBenefits, but really not much else. Discounts on museums in NYC. Survival skills get honed due to being paid very little

    ConsEverything else. No really, the pay is so low it's unbelievable. And jobs are often moved to Pittsburgh or India. No no security. High turnover rate, overworked staff, management favoritism. Workplace bullying.

    Advice to Senior ManagementStart appreciating your staff.

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    Don't Do It

    Securities Serving Processor (Current Employee)
    East Syracuse, NY

    ProsThey provided fun activities monthly for their employees.

    ConsThey also expect perfection. There is no loyalty there.

    No, I would not recommend this company to a friend

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    No Focus on Talent Retention

    Anonymous Employee (Current Employee)

    ProsGlobal Organization
    Opportunity to transfer within business groups

    ConsEmployees are disposable and considered 3rd class citizens where clients and external candidates take priority. HR is thought of even worse. There is a not a true genuine focus on retention and development. Only further streamlining and cutting.

    Advice to Senior ManagementHave a significant shake up in your HR organization to help drive needed change and focus on talent, whereby a culture of talent is created.

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

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    Wow!! not in a good way

    Anonymous Employee (Current Employee)

    ProsGood benefits, flexible work schedule

    ConsPoor pay, slim career movement, 1% merit increase if any, promotion with no monetary raise, does not reward for top performance, inability to make right decision therefore layoffs happen quite a bit, so much politics around it's actually getting in the way of running a business, upper management is so shortsighted

    Advice to Senior ManagementCare about your employees

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

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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 166 reviews posted anonymously by BNY Mellon employees.