BNY Mellon Reviews

Updated March 15, 2015
39 reviews filtered by
  • Boston, MA
  • Any Job Title
2.6
39 Reviews
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Recommend to a friend
Approve of CEO
BNY Mellon Chairman, President and CEO Gerald Hassell
Gerald Hassell
13 Ratings

39 Employee Reviews

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  1. Helpful (1)

    Client accounting and reporting specialist

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

    I have been working at BNY Mellon

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Great experience. You get to go through all the processes and see how everything works

    Cons

    Over worked. Work long hours can be very stressful

  2. Helpful (1)

    The Bank of New York Mellon

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

    I have been working at BNY Mellon full-time (More than 5 years)

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

    Pros

    Excellent client list and representation across products. Experienced staff. Strong balance sheet and capital ratios.

    Cons

    Some are challenging and doubting current senior leadership. Excessive cost controls have led to displacements and disappointing incentive compensation.

    Advice to Management

    With all the focus and cost and risk, employees get lost in the shuffle. It really is past the time and need to focus on the employees perspective and experience.

  3. Helpful (1)

    Good company to work for but not great.

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

    I have been working at BNY Mellon

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    -Good Entry Level Pay
    -Flexible and laid back culture
    -Good Intentions

    Cons

    -No opportunity for real growth
    -Raises are few and far between
    -Benefits have diminished mightily

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  5. Nice company, professional people

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Quantitative Developer in Boston, MA
    Former Employee - Quantitative Developer in Boston, MA

    I worked at BNY Mellon

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Big company with structured management style

    Cons

    hard to really learn something, you have to make the initiative to learn everything

  6. Helpful (1)

    Not great mobility

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

    I have been working at BNY Mellon

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    Good benefits, strong company so there is some job security

    Cons

    management does not help people grow in their careers and you can get stuck, not competitve raises/bonuses

    Advice to Management

    Find better ways to retain talent

  7. Helpful (1)

    Product Manager

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Product Manager in Boston, MA
    Current Employee - Product Manager in Boston, MA

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

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    Their wide range of products can provide exposure to a variety of industries. They have very flexible work options and fringe benefits that smaller companies don't.

    Cons

    The merger, even six years later, still shows signs of growing pains. Advancement is nearly stagnant and so are the salaries. Communication between the various departments is a struggle and they're constantly shuffling and consolidating.

    Advice to Management

    Better compensation and employee recognition is needed in order to retain your most valuable resources.

  8. Helpful (2)

    Mellon is DEAD, Long Live BONY and that's not good.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Consultant in Boston, MA
    Former Employee - Consultant in Boston, MA

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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    If you do not work therer or are a client that's a plus!

    Cons

    While not a sinking ship. It's no longer the place to work or be a client. They sold their procucts by differentiating themselves on superior client service. Then they fire most of the client facing staff. They are just like State Street, it's all about cost saving and firing people to saves $. Don't be a client and don't be an employee.

    Advice to Management

    Ha, like they would listen, they are to busy talking about how safe his/her car is compared to the cars "You All" drive. You are just like State Street now, nothing special and you can thank Gerry for it and watch your share price stay stuck in the mud. You change the structure so often you should see if you could sell that service to others, too bad you suck at that too! Hence, you are always changing it and it is adding no value so you are useless.

  9. Helpful (6)

    Company going donwhill - hostile work environment under CEO Gerald Hassell

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

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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    BNY Mellon was previously a fantastic company with strong values and a true client service focused atmosphere. I was proud to work here. Line managers allow you to take on many special projects so that you can grow both personally and professionally. Flexible work arrangements here are second to none.

    Cons

    The company has changed dramatically over the past year and more specifically since CEO Gerald Hassell took over for Bob Kelly. While cost cutting measures are critical to our stability and growth, employees are paying the price for expensive acquisitions that have not seen the ROI we expected. Employees have seen bonuses eliminated, Health Insurance benefits go downhill, a freeze on raises, a freeze on even managers buying coffee and donuts at a meeting. Employees have to use their own personal laptop and cell phone and travel to meetings with no reimbursement. Job "restructuring" singling people out for demotion. This is the nightmare we heard about that was the culture at The Bank of New York and it is now being revisited.

    Advice to Management

    Pay attention to your number one asset which is the skill and knowledge base of your employees. You cannot keep chipping away at morale and expect the company to be successful.

  10. Good employer to grow and spend a career working for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Sales Associate in Boston, MA
    Former Employee - Sales Associate in Boston, MA

    I worked at BNY Mellon full-time (More than a year)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    great people, very helpful and supportive, not much work life balance, great opportunities for advancement

    Cons

    Very stagnant culture, no team building opportunities, great leadership and definite opportunities to advance

    Advice to Management

    keep up the good work.

  11. Helpful (1)

    Work Life makes the deal.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Business Systems Analyst in Boston, MA
    Current Employee - Senior Business Systems Analyst in Boston, MA

    I have been working at BNY Mellon full-time (More than 10 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    The best part of my job are the people I work with. My team members are extremely dedicated and talented in their job. I also get to work from home when needed, making the work life balance easier to handle.

    Cons

    Time and money are wasted on initiatives that are not fully vetted. Upper Senior management does not listen to the people on the ground, doing the actual work. In the IT world, this is painfully evident. Lately there seems to also be a culture shift in the IT world from one of collaboration with senior management towards intimidation/fear. Rule by the numbers is now the exclusive measure. A blend of metrics along with proven business insight should be the norm instead. Also, there is very little career advancement in the IT world.

    Advice to Management

    In the IT world, management should stop relying so heavily on intimidation and metrics. There should be a collaboration and direct responsibility between IT and the business in order to tie the two lines together.

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