BNY Mellon

  www.bnymellon.com
  www.bnymellon.com

BNY Mellon Reviews

Updated December 15, 2014
Updated December 15, 2014
1,358 Reviews
2.8
1,358 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
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

310 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1. 3 people found this helpful  

    Looking to retire?

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

    I have been working at BNY Mellon

    Pros

    Work Life Balance. Some good people in management.

    Cons

    No bonuses, poor office culture & morale, poor health plans and benefits, below market wage increases, no effort to keep or grow talent and hire internally, use of obsolete platforms and technology and no free water or coffee. CYA attitude is pervasive.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  2. 1 person found this helpful  

    Good doorway into the industry but limited growth

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

    I have been working at BNY Mellon

    Pros

    Management is personable. Easy to concentrate on the work at hand while not getting pulled in many directions.

    Cons

    Limited career growth due to constant hiring freezes. More responsibilities get piled on without proper compensation. Coworkers tend to make mistakes and refuse to correct what is being done wrong.

    Advice to ManagementAdvice

    Hire more competent employees. Treat employees that are vital to daily operations like they are key members of the team.

    Recommends
    Neutral Outlook
    No opinion of CEO
  3.  

    The company offers poor career opportunities and very low salary rates

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

    I worked at BNY Mellon

    Pros

    convenient location in downtown of Pittsburgh

    Cons

    The company is cheap and offers promotions only for those who have personal connections within the departments

    Advice to ManagementAdvice

    Care more about your employees

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
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  5.  

    Used to be a dream company

    • 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 full-time (more than 5 years)

    Pros

    Flexibility, work load, work-life balance, people

    Cons

    Not compensated for hard work

    Advice to ManagementAdvice

    Fight for workers, don't be quiet, we think same

    Doesn't Recommend
    Negative Outlook
  6. 2 people found this helpful  

    I wouldn't wish this job on my worst enemy.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Mutual Fund Accountant in Philadelphia, PA
    Former Employee - Mutual Fund Accountant in Philadelphia, PA

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

    Pros

    Location is incredible with a nice view of the city. Honestly, that's pretty much it. My supervisor was very nice. My coworkers were usually helpful.

    Cons

    This job has a quicker turnover than Clark Kent changing into Superman in a phone booth. It's all about this company's bottom line while the majority of the employees enjoy their yearly 1% raise. They have an "if it's not broke, don't fix it" mentality, so the creativity and energy needed to drive ideas forward can only be done if you're truly passionate about what you do. Other than managing stress and learning to cover for yourself and nobody else due to lack of communication, none of the technical skills would actually carry forward into an actual accounting position. But, I will say that it's near-impossible to get fired, so job security is incredible.

    Advice to ManagementAdvice

    Pay your employees better and get rid of the ones that are obviously collecting a paycheck while doing nothing. There's hungry people out there willing to help this company out, reward them for their hard work.

    Disapproves of CEO
  7.  

    There is a lot of confusion in our department, but I've heard it's like this all over the company ...

    • 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 full-time (less than an year)

    Pros

    My coworkers are great! We are a very social team. The benefits are pretty good.

    Cons

    Management is all over the place and they expect you to jump upon request. Lots of constant procedural changes from day to day. I never feel like I accomplish anything because I'm constantly being pulled in various directions.

    Advice to ManagementAdvice

    Listen to your team!! If you see a lot of turnover (negative), look around and ask questions. Find out why your team is leaving and do your very best to keep them. I'm sure the lack of bonus' and pay increases cause team members to leave. Sometimes having a job just isn't enough!!!

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
  8.  

    BNY MELLON

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

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

    Pros

    Entry level experience is good.

    Cons

    Career Advancement is difficult, Bonuses and Raises are very low

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  9. 3 people found this helpful  

    Good place to start. Bad place to stay.

    • 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 full-time (more than 3 years)

    Pros

    This is a good company to get your foot in the door and gain experience in financial services. They are one of the few companies with a high volume of true "entry level" jobs.

    Cons

    The pay is well below competitive. It is easy to move laterally, but very difficult to move up. Management has promotion 'rules' that seem to disqualify the most qualified candidates and reward mediocre performance based soley on number of years at the firm.

    Advice to ManagementAdvice

    Reward talent with promotions and compensation incentives.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10.  

    No career mobility, all promotions based on favorism

    • 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 full-time

    Pros

    benefits were good in comparison with others

    Cons

    management doesn't promote career mobility

    Doesn't Recommend
    No opinion of CEO
  11. 1 person found this helpful  

    Tough environment

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

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

    Pros

    Co-workers are professional and helpful. Compensation was good. Work life balance good.

    Cons

    Morale is very low. Continuous lay offs. No raises or bonuses. Unrealistic expectations from management. Management ignorant of what is actually going on in the company. One dimensional plan to improve is cost cutting.
    Internal and External customer service has steadily declined over the past decade.

    Advice to ManagementAdvice

    Management needs to come out of their offices and see what is actually going on with the firm.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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