BNY Mellon Reviews

Updated June 5, 2015
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3.2
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Recommend to a friend
Approve of CEO
BNY Mellon Chairman, President and CEO Gerald Hassell
Gerald Hassell
7 Ratings

Pros
  • Generally there is a good work life balance (in 136 reviews)

  • Good benefits (medical/dental/vision); 401(k), ESOP; Hours are good; Some employees have a team-like attitude & good attitude to do their job (in 77 reviews)

Cons
  • There is no room for GROWTH and the PAY SUCKS OVERALL (in 32 reviews)

  • Plenty of talk but no regard for work life balance (in the technology sector) (in 23 reviews)

More Pros and Cons

17 Employee Reviews

Sort: Popular Rating Date
  1. Mutual Funds Order Desk

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

    I have been working at BNY Mellon part-time

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Excellent Place Good opportunity . Great place to Learn and grow

    Cons

    Nothing to complain about Great Company


  2. Helpful (2)

    Talent Acquisition

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

    I worked at BNY Mellon full-time (More than 8 years)

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

    Pros

    Good experience. High focus on employee resource groups and diversity initiatives. Strong risk and compliance policies procedures at all levels across the organization. Comprehensive benefits for all of your needs.

    Cons

    Work like balance can be challenging and compensation can be difficult to reconcile.


  3. It has been an interesting journey.

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

    I have been working at BNY Mellon

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

    Pros

    Secure for long term, almost independent of market as earnings are mostly service based

    Cons

    This is one of the oldest banks in the USA, It can be difficult to move upwards as this is a typical red tape corporation with 50,000+ employees.

    Advice to Management

    Break it up into smaller lines of business along but share the central services such as IT. Also, get rid of the dead wood that have been using real estate and earnings, Reward the result oriented employees.


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  5. Vice President

    Current Employee - SCM Engineer in Jersey City, NJ
    Current Employee - SCM Engineer in Jersey City, NJ

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

    Pros

    Flexible work schedule. Manager id nice and treat me with respect and helpful.

    Cons

    Financial growth is very slow for last eight years of my work.


  6. Helpful (4)

    Tough environment

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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)

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

    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 Management

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


  7. Helpful (4)

    Shoot the messenger style of management

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

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

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

    Pros

    Almost impossible to get fired. Bank continues to cut affiliates headcount and sending jobs to low cost areas such as Chennai India, Piittsburgh, Florida.The US staff always needs to babysit the India staff and redo the work because they are incompetent. Nothing will change because the CIO is from Chennai.

    Cons

    While business continues to do well(so we are told constantly) management continue to cut headcount while signing more complex customers and the pressure on remaining staff is horrible. The promotion process is a joke. It takes 3 months a year and multiple committees to review all promotions. If you are lucky to get promoted do not expect more money. You should be happy they gave you more responsibility and your family never sees you.

    Advice to Management

    If you care about employees, s you state often, give money with a promotion. Stop asking for multiple ad hoc reports of staff that are busy running the business. If you invest in centralized tools then use them.


  8. Helpful (1)

    IF you like office politics....

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

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

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

    Pros

    good working arrangements AWA (alternate working arrangements)

    Cons

    the company is extremely political

    Advice to Management

    concentrate on work and not on playing political games


  9. Decent

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Intern - Summer Analyst in Jersey City, NJ
    Current Intern - Summer Analyst in Jersey City, NJ

    I have been working at BNY Mellon as an intern (Less than a year)

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

    Pros

    Great experience, I felt like I learned a good amount but the whole summer

    Cons

    Completely dysfunctional, some things did not really make sense and most managers didn't really help all their interns. I have heard the pay is low

    Advice to Management

    Be a little more clear and caring please.


  10. Large bank with many issues after two acquisitions.

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

    I worked at BNY Mellon full-time (More than 8 years)

    Neutral Outlook
    No opinion of CEO
    Neutral Outlook
    No opinion of CEO

    Pros

    Large corporation with many areas of business.
    Variety of workplaces with offices across the country and overseas.

    Cons

    Very political workplace with more issues after the acquisition of the Bank of New York and subsequent merger with Mellon. There is a financial firm called Pershing that was layered into this and for those working for Pershing, issues never stopped once the merger and acquisitions were over. Lay offs and push of jobs to India has caused tension and overwork for the entire company. Many good employees let go with no explanation.

    Advice to Management

    Try harder to hold on to the good employees rather than allowing the sub par ones to remain even though they are making less. Be aware of your entire firm and not just the bank side.


  11. Enjoyed my time, Fast paced, all new technologies

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

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

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Talented staff, ability to work remotely at times

    Cons

    Sometimes too aggressive on delivery

    Advice to Management

    too many offshore members that are jr level doing senior level roles



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