BNY Mellon

  www.bnymellon.com
  www.bnymellon.com

BNY Mellon Reviews in Boston, MA

Updated November 15, 2014
Updated November 15, 2014
1,324 Reviews
2.8
1,324 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
BNY Mellon Chairman, President and CEO Gerald Hassell
Gerald Hassell
405 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

33 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  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)

    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 ManagementAdvice

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

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  2. 1 person found this helpful  

    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)

    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 ManagementAdvice

    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.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3. 6 people found this helpful  

    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)

    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 ManagementAdvice

    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.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5.  

    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 an year)

    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 ManagementAdvice

    keep up the good work.

    Recommends
    Neutral Outlook
    Approves of CEO
  6. 1 person found this helpful  

    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)

    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 ManagementAdvice

    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.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7.  

    Content

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

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

    Pros

    Individual contributor, meet people who are willing to help you achieve your goals, small group of people but there is some

    Cons

    Not a lot of room to grow in certain area.

    Recommends
    Neutral Outlook
    No opinion of CEO
  8.  

    Great

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

    I have been working at BNY Mellon full-time (more than an year)

    Pros

    Great environment to work in

    Cons

    No room to move up

    Advice to ManagementAdvice

    Pay more

    Recommends
    Positive Outlook
    Approves of CEO
  9. 1 person found this helpful  

    Frustrating and discouraging

    • 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 3 years)

    Pros

    A 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.

    Cons

    It 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 ManagementAdvice

    Stand 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.......

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  10.  

    Recruiter

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

    I have been working at BNY Mellon full-time (more than an year)

    Pros

    Work hours are consistent, no overtime

    Cons

    Salary less than other peer companies

    Doesn't Recommend
    No opinion of CEO
  11.  

    There are some great people there, but the best have already left.

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

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

    Pros

    Good work/life balance and generally fellow employees want to succeed.

    Cons

    Clearly there is a lack of leadership and the merger hasn't helped anyone. There is a sense that many people are frozen as they wait to be laid off or retire.

    Advice to ManagementAdvice

    Do something that indicates you have a clue.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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