BNY Mellon Asset Servicing Reviews

Pros

Good work life balance
Advancement capabilities available
Solid benefits
Industry learning opportunities abundant
overall positive environment
Competitive salaries and advancement

Cons

Senior management provides limited feedback
Cost of living increases below inflation rates
Big company feel
Work can become redundant and at times tedious
Promotions for time served over performance

Advice to Senior Management

Be more present to the staff. Listen to advice and give more productive feedback to staff. Offer more competive raises on an annual basis.

Pros

Challenging tasks with matching responsibility
Multinational environment
Friendly atmosphere

Cons

Limited career growth options
Uncertain employment situation
Lack of communication from top-down

Advice to Senior Management

More internal communication, team or bonding events, and staff task rotation.

Pros

The atmosphere is fairly laid back and depending on the group there seems to be a decent amount of younger people being hired from straight from college.

Cons

Our merit increases are delayed for 3 months this year. So that would definitely be the biggest con I can see.

Pros

Positive work environment; knowledgeable teams

Cons

Salary; Not enough opportunity for career progression

Pros

Work-life balance. Ability to tele-commute. Able to purchase an additional week of vacation. Hard to do a bad job when surrounded by your average peer. Shopping at Target during lunch.

Cons

They have a low starting salary, but tell you it is a 35-hour/week position, then expect 45 hours minimum. Although you can balance work life, this is at a trade off of job growth. Most staff are career clerks that have been with the factory for 20 to 30 years. BNYM is looking to move out of metro New York; limited future.

Pros

Get experience in asset management, learn how an investment firm works. Like all big companies, it is a going concern that has nice benefits.

Cons

No mobility, No candor from management, very political and restrictive environment.

Advice to Senior Management

Needs a "culture transplant"

Pros

flexible work life balance environment

Cons

need more career growth opportunities, promotions

Pros

-Nice core group of people - supportive work climate.
-Senior Management supportive to time off and personal committments outside of workplace
-If you possess the educational background (Masters level) there is more opportunity that allows you to avoid entry level in Asset Servicing Dep't where room for growth is limited.
-Benefit and time off package attractive

Cons

-Some Senior Management and Director level are rude to lower level employees.
-Corporate is far removed from Asset Servicing Dep't operations and Senior Management does not follow through on company principles and values
-Lack of training and career development opportunities within the organization to hone employees continuing their education
-Work atmosphere becomes complacement

Advice to Senior Management

Reach out to employees without going through Senior Management who are only going to say what you want to hear. Institute and endorse an open forum for employee feedback regarding working conditions.
Gerald Hassell is the new CEO of Asset Servicing and his company bio details how he worked up the company ladder. That opportunity does not exist in Asset Servicing or is not supported by Senior Management and Directors who go through the motions to appease corporate, but are not supportive of employees continuing their education and seeking in house training opportunities to make themselves more marketable to opportunities for advancement.

Pros

Very flexible with hours and working from home.

Cons

Not easy to get recognition and exceeds on a review. Even when you work 50+hrs a week and do the best you can.

Pros

Good benefits and time off

Cons

-Management doesn't manage
-Horrible pay
-Good/smart workers are overlooked
-Nepotism at it's finest

Advice to Senior Management

Quit being lazy and actually manage. Dispose of the weak/poor workers and pay more attention and compensate those that make this company work.