BNY Mellon Reviews

Updated August 22, 2014
Updated August 22, 2014
1,230 Reviews

2.8
1,230 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
BNY Mellon Chairman, President and CEO Gerald Hassell
Gerald Hassell
344 Ratings

Review Highlights

Pros
  • I also get to work from home when needed, making the work life balance easier to handle (in 116 reviews)

  • Many good benefits, however, management was not proactive in developing talent (in 61 reviews)


Cons
  • There is no room for GROWTH and the PAY SUCKS OVERALL (in 25 reviews)

  • All the hard works we done are not appreciated by the senior management of the company (in 49 reviews)

More Highlights

176 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    AWFUL! Management has no clue about the reality of daily work. Countless hours spent in useless meetings.

    • 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

    Generous PTO policy and ability to work-from-home on occasion.

    Cons

    Management does not understand the client experience.

    Advice to ManagementAdvice

    Get an understanding of the client experience before creating projects designed to "help

    Doesn't Recommend
    No opinion of CEO
  2. 2 people found this helpful  

    Bob Cratchit had better advancement opportunities, salary and benefits even before the Christmas Ghosts visited Scrooge.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Operations Specialist  in  Everett, MA
    Current Employee - Operations Specialist in Everett, MA

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

    Pros

    It barely pays the bills. Good life/work balance. This company used to be more employee oriented when I started, not anymore.

    Cons

    The health benefits offered are terrible. There are no advancement opportunities. The company has expressed measures for removing jobs by attrition. There is no job security. There is no recognition for performance by upper management. The work is repetitive and few skills are required. Everything is being outsourced.

    Advice to ManagementAdvice

    Take better care of your employees. The company emphasizes on keeping the clients happy, however, it is necessary for employees to be happy too.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  3. 1 person found this helpful  

    Not for young talent.

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

    I have been working at BNY Mellon full-time for more than a year

    Pros

    Relaxed working environment. There are a lot of good people and a lot of smart people who work for the bank. If you do find yourself employed by BNY Mellon make sure you take full advantage and learn everything you can from the people around you.

    Cons

    Low salary, limited career advancement, low raises and the company would rather let young talent go then pay to keep them on board. The company also seems to be stuck in the past and has not changed a single board member in years. There is no growth at the company so they have resorted to cutting salary, benefits and staff to improve their financial position instead of building a better business.

    Advice to ManagementAdvice

    Remove the old guard and change the way the company operates. As competitors have grown and progressed BNY Mellon has stayed in the past and not adapted to the new normal in finance.

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

    US Tax Specialist

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

    I worked at BNY Mellon full-time for more than a year

    Pros

    Not any other then a pretty flexible boss and could adjust my schedule however I wanted

    Cons

    This could quite possibly be the worst company to work for. Everyone is so depressed and I have never met anyone that enjoys their job. They are the butt of jokes in the Pittsburgh community. They are overstaffed and unpaid. There is no communication between the different levels of management. While working there for two years, I witnessed countless employees leave because they were so miserable. The work is not challenging and any experience gained is inapplicable to other firms. I truly feel sorry for anyone who still works there.

    Advice to ManagementAdvice

    Be honest with employees.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6.  

    Unethical - fast downhill slide

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Fund Accountant  in  Orlando, FL
    Current Employee - Fund Accountant in Orlando, FL

    I have been working at BNY Mellon full-time

    Pros

    Big company for your resume.

    Cons

    Low pay, no advancement, little to no raises, benefits greatly reduced. In central Florida, they struck some sort of deal with Verizon to freeze hiring any BNY employees. So they treat you poorly and then make it so you can't leave and go somewhere that pays you better. Morale is extremely low and most employees are doing the bare minimum to get by.

    Advice to ManagementAdvice

    Take care of your employees a bit more and your shareholders a bit less. Keeping your employees by making it so they can't get higher paying jobs with a new company in town is unethical and sad.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  7.  

    Asset Servicing

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Asset Services  in  King of Prussia, PA
    Current Employee - Asset Services in King of Prussia, PA

    I have been working at BNY Mellon full-time for less than a year

    Pros

    Management doesn't have any idea what you do all day

    Cons

    See above. Can't advance. Poor hiring of trashy people with no desire to work hard. Make pennies. Hands off management they are never around. Crickets

    Advice to ManagementAdvice

    Do something

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

    Do not work here

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Tax Reporting Specialist  in  Westborough, MA
    Current Employee - Tax Reporting Specialist in Westborough, MA

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

    Pros

    Nothing good about working here

    Cons

    Micromanagement, lousy pay, awful benefits, constantly outsourcing work

    Advice to ManagementAdvice

    Stop micromanaging

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9. 4 people found this helpful  

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Fund Accounting Supervisor  in  Everett, MA
    Former Employee - Fund Accounting Supervisor in Everett, MA

    I worked at BNY Mellon full-time for more than 10 years

    Pros

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

    Cons

    What 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 ManagementAdvice

    Take some of the millions you pocket in bonuses each year and buy a soul.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10.  

    Politics, politics, politics, with horrible raises and 60+ hour weeks

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

    I have been working at BNY Mellon full-time for more than a year

    Pros

    It's a paycheck but barely.

    Cons

    Boss 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 ManagementAdvice

    Take 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.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  11. 2 people found this helpful  

    Hypocrite local managers!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Client Service Manager  in  Houston, TX
    Former Employee - Client Service Manager in Houston, TX

    I worked at BNY Mellon as a contractor for more than a year

    Pros

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

    Cons

    It 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 ManagementAdvice

    Executive 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.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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