BNY Mellon
2.8 of 5 1,000 reviews
www.bnymellon.com New York, NY 5000+ Employees

BNY Mellon Reviews

Updated Apr 16, 2014
All Employees Current Employees Only

2.8 1,000 reviews

                             

64% Approve of the CEO

BNY Mellon Chairman, President and CEO Gerald Hassell

Gerald Hassell

(255 ratings)

45% of employees recommend this company to a friend
232 Employee Reviews Back to all reviews
Relevance Date Rating
in
  • Culture & Values
         
  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • No Opinion of CEO

 

Senior accountant/ Supervisor

Anonymous Employee (Current Employee)

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

ProsEasy place to work for mothers with raising kids

ConsLot of jobs going offshore, But this is an Industry standard so expect it to happen everywhere

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
         
  • No Opinion of CEO

 

No professional growth, inconsistent business strategy

Anonymous Employee (Current Employee)

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

ProsGenerally decent people and overall culture of collaboration with a few outliers.

ConsToo much emphasis on longevity and not enough on talent and drive. A lot of talk about diversity yet in some businesses little to no diversity in executive ranks. "Talent management" all talk; no action. Increasing work load for those who survive layoffs.

Advice to Senior ManagementGive back your bonuses so we can save the positions we need to get the results our shareholders expect. Make a commitment to groom and promote top talent in middle management.

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
         
  • No Opinion of CEO

1 person found this helpful  

Frustrating and discouraging

Anonymous Employee (Current Employee)
Boston, MA

I have been working at BNY Mellon full-time for more than 3 years

ProsA very global company that works to promote diversity.

CEO worked here for all of professional life - it's nice to have a leader that hasn't jumped from company to company but has worked their way up.

ConsIt seems that the merger of Bank of New York and Mellon wasn't handled well. There are still a lot of people who will state "this isn't how we used to do things" and management seems to ignore this issue. For those who came in after it can cause some challenges.

Also, even when a mandate is made by the CEO there are still groups that consider themselves immune to these mandates and it seems that it is never addressed. It can put support staff in an "us vs. them" situation which is difficult.

Advice to Senior ManagementStand by your initiatives. If the entire company should be cost saving, then make sure that upper management supports that initiative and isn't going to try to find a way around it. Make sure people are on the same page.

Train Managing Directors in how to manage their staff. Yelling and flipping out aren't motivators.......

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

  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         

 

Not worth your time if you intend to show what you can do

Anonymous Employee (Current Employee)
New York, NY

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

ProsGenerally easy going, if you want a casual place to work with no career benefit for your time being there.

Cons- It's where people go to retire. "I only have 6 more years until retirement," said by someone who can barely turn on a computer, yet others can't get jobs or get moved up from within. An older manager I had for 5 years snuck out by 4pm every day, yet knew little about the business occurring under him -- at least it gave me the opportunity to get my hands into more aspects of the business, and direct improvements I had under my control. It took me too long to get motivated to leave, but I am trying to now.
- Little accountability. I worked for almost 2 years next to someone who regularly showed up at least a half hour late, often took two 1-hr lunches, and accomplished in one month what each of two consultants regularly accomplished in 3-4 days. She was promoted to another part of the bank while the consultants couldn't get hired full time. One consultant was eventually let go (the other luckily found a job elsewhere).
- I haven't seen much desire from management to do things "right". "It is what it is" is the most common saying -- systems and processes are faulty and rarely get fixed.
- Seemingly a black-eye on your resume, including the low salary. A recruiter approached our conversation as basically, "we have to try fixing that."

Advice to Senior ManagementMake an effort to lead, and improve that which can be improved.

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
         
  • No Opinion of CEO

 

Low pay and difficult to move up in company without jumping to various job titles

Accounting Analyst (Current Employee)
Pittsburgh, PA

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

ProsHours are flexible, enough work to keep you busy

Conssalary is much lower than industry standards and difficult to make leaps. there is still difficulties with having one standard method of doing things since the merger in 2007.

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
         
  • Approves of CEO

 

Great look on a resume. Management can be more in tune with staff needs.

Anonymous Employee (Former Employee)

I worked at BNY Mellon

ProsVery smart and talented group of dedicated employees. Most of my colleagues have been with BNY for decades.

ConsManagement not in tune with staff needs regarding salary, work flow and internal hierarchy.

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
         
  • Disapproves of CEO

 

One of the worst companies I have worked for

Senior Administrative Assistant (Current Employee)
King of Prussia, PA

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

ProsI work for some great people. Pay is ok.

ConsTerrible increases. Salary levels should be reevaluated. Benefits aren't as good as they used to be. It's very difficult to get thru the corporate BNY red tape. No one wants to take responsibility for their actions. People aren't held accountable. People just pass the buck! Technology is awful.

Advice to Senior ManagementInclude all employees in the bonus program. Even the lowest level employee contributes to the bottom line and should be recognized. Remind senior mgrs that when talking to employees, in all employee mtgs, about how great the bonuses will be, not everyone is included. Know your audience!!

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

 

Recruiter

Recruiter (Current Employee)
Boston, MA

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

ProsWork hours are consistent, no overtime

ConsSalary less than other peer companies

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
         
  • Disapproves of CEO

 

Accounting and Reporting Specialist II

Accounting and Reporting Specialist II (Current Employee)
Everett, MA

I have been working at BNY Mellon full-time for more than 3 years

ProsWork with good people and a decent amount of vacation days. Good place to start but I wouldn't recommend staying for too long.

ConsLots of favoritism when getting promoted, once you reach a certain level there is no advancement. Underpaid compared to competition.

Advice to Senior ManagementYou need to give better merit increases per year. A lot of talented people are leaving as they are over worked and not appreciated.

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

 

High Turnover, Horrible Health Insurance, & Declining Values

Accounting Analyst (Former Employee)
Pittsburgh, PA

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

Pros401k is very competitive and likely the best thing the Bank provides.

ConsHealth Insurance, Turnover, High Stress Environment, Low Wages

Advice to Senior ManagementSense leaving the company it appears the organization has made an aggressive stance on increasing volume on their product and services. However, in the process of doing this, they have somehow eliminated competitive benefits and compensations while their margins continue to grow. I suggest foregoing such a rapid expansion and worry about your employees!

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
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 232 reviews posted anonymously by BNY Mellon employees.