BNY Mellon

  www.bnymellon.com
  www.bnymellon.com

BNY Mellon Reviews

Updated December 16, 2014
Updated December 16, 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

488 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1. 4 people found this helpful  

    Like working for the government

    • 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

    Pros

    Good work life balance, flexible work schedule, vacation days, and benefits

    Cons

    Almost no career opportunities, non-existent training, terrible technology infrastructure, and overly bureaucratic. The fact that there is actually a committee to oversee other committees that set internal policies kind of says it all. Unimaginative senior management that is always reacting to competition. Bloated middle management while underinvesting in products, services, and line employees that actually drive revenues.

    Advice to ManagementAdvice

    Upgrade your tech and bring your business processes and products into the 21st century. The competition is selling cars while BNY is proud of the fact that it sells the cheapest and fastest horse drawn buggy in town. Banking is not a labor intensive business yet BNY has managed to turn it into one via underinvestment in tech and revenue generating professionals.

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

    Mismanagement of resources

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

    I worked at BNY Mellon as a contractor (less than an year)

    Pros

    Good name, office perks, mismanagement of time

    Cons

    Lack of direction, no loyalty

    Advice to ManagementAdvice

    Prepare more well defined roles; jobs to be done with conventional work is complete

    Recommends
    Positive Outlook
    No opinion of CEO
  3.  

    Mostly a great experience with many challenges and some rewards if associated with a P/L unit.

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at BNY Mellon

    Pros

    Great place to be assigned great, challenging projects. Need to be self starter with good work ethic and you can develop yourself to any level.

    Cons

    Workplace mobbing. Not well known but exists at some levels.

    Advice to ManagementAdvice

    NYC management needs a tutorial on Mobbing since they can't realize its existence.

  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    Good for short term

    • 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

    Challenging work, competitive pay and benefits

    Cons

    No concern for work/life balance.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  6. 1 person found this helpful  

    Too large, ineffective organizational company tree

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

    I worked at BNY Mellon

    Pros

    Good 401K match, Lots of supplemental options for benefits.

    Cons

    No work/life balance. They take advantage of the 'salaried' employees in some positions requiring on-call duties of 45-60 hours for no additional compensation in non-manager roles.

    Advice to ManagementAdvice

    Stop migrating email systems every 6 years. Compensate employees for on-call duties if not in management.

    Recommends
    Neutral Outlook
    No opinion of CEO
  7.  

    Fair

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

    I worked at BNY Mellon full-time (more than 3 years)

    Pros

    Good Culture to work for.

    Cons

    Compensation could be better than average.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8.  

    Great Place To Work

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

    I worked at BNY Mellon

    Pros

    -Leadership and management of program are excellent at communicating with teams
    -High collaboration between groups

    Cons

    - A lot recent turnover in my team and others due to new management
    - Office culture and bureaucracy can be a little unappealing
    - No room for personal growth

    Advice to ManagementAdvice

    -Invest in developing office culture and training for employees

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  9.  

    Multinational corporation with lots of opportunities but needs to pay better

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

    I have been working at BNY Mellon

    Pros

    - Lots of opportunities.
    - Opportunities means experience in various fields
    - Work environment can be easy going based on location

    Cons

    - Pay is low compared to industry
    - Benefits, while OK, cost a lot. See, healthcare payments.
    - Technological help for employees is not great

    Advice to ManagementAdvice

    - Hire less, pay more
    - Offer better technological assistance

    Neutral Outlook
  10.  

    Fund Accountant

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

    I worked at BNY Mellon

    Pros

    The foundation that was set for my career is great as this was my first corporate job. I've learned a great deal at Bny Mellon. Also, it was a 35 hours work week.

    Cons

    No raises, no bonus, managers exhibit favoritism.

    Advice to ManagementAdvice

    Favoritism drives out hard working employees.

    Recommends
    Neutral Outlook
    Approves of CEO
  11.  

    Asset Servicing

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

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

    Pros

    It’s a large corporation so there are avenues for people to branch out. There is support for employees to enhance knowledge and learn different skills, and has a good work-life balance. It's a good place to get your foot in the door in the industry if you're just getting started.

    Cons

    Low salaries, lack of transparency from management, easy to get lost in the shuffle. Depending on your point-of-view there aren't high standards for performance. It seems people get rewarded for providing the bare minimum and it seems cultural. Working with other service groups is a nightmare as that culture seems pervasive. The company has a poor reputation as having under-skilled employees when going for higher level positions at other companies.

    Advice to ManagementAdvice

    The company doesn't seem to value talented employees at least not in Asset Servicing as much as they should. Talented people should be developed and efforts made to retain them.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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