BNY Mellon Reviews in Jersey City, NJ

Updated October 19, 2014
Updated October 19, 2014
1,295 Reviews
2.8
1,295 Reviews
Rating Trends

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

Review Highlights

Pros
  • Decent work life balance pay is enough to survive if you don't need much (in 132 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 31 reviews)

  • All the hard works we done are not appreciated by the senior management of the company (in 51 reviews)

More Highlights

12 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Decent

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

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

    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 ManagementAdvice

    Be a little more clear and caring please.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  2. 3 people found this helpful  

    Shoot the messenger style of management

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

    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 ManagementAdvice

    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.

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
  3. 1 person found this helpful  

    IF you like office politics....

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

    Pros

    good working arrangements AWA (alternate working arrangements)

    Cons

    the company is extremely political

    Advice to ManagementAdvice

    concentrate on work and not on playing political games

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5.  

    Large bank with many issues after two acquisitions.

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

    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 ManagementAdvice

    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.

    Neutral Outlook
    No opinion of CEO
  6.  

    Enjoyed my time, Fast paced, all new technologies

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

    Pros

    Talented staff, ability to work remotely at times

    Cons

    Sometimes too aggressive on delivery

    Advice to ManagementAdvice

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

    Recommends
    Positive Outlook
    Approves of CEO
  7. 1 person found this helpful  

    bleh

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

    I have been working at BNY Mellon as a contractor (less than an year)

    Pros

    The benefits is that this company has the potential to be great. They have access to resources such as talented people.

    Cons

    The culture is toxic with people either brown nosing and allowing themselves to be kicked around like a dog. Or exclusive ethnic groups cluster and babble in their own language all day. The pay is crap in terms of what they want you to put out. Also, the management has control issues and will only promote people who play dumb and suck up.

    Advice to ManagementAdvice

    None. It's endemic.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  8. 1 person found this helpful  

    BNY Mellon Shareowner services

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

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

    Pros

    great people, great management. Work environment was comfortable, and was made even more comfortable with the CEO being a fun person to have a short talk with, given you are both on a break at the same time

    Cons

    compensation was alright. Being in financial services, one would expect to be compensated more.

    Recommends
    Neutral Outlook
    Approves of CEO
  9.  

    It was all in all a great experience, in the beginning.

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

    I have been working at BNY Mellon as a contractor (more than an year)

    Pros

    There are several opportunities for growth. They do monitor and promote often. Very professional environment.

    Cons

    I was there during the merger. There was a problem with getting new equipment that was needed to perform my duties efficiently. I never received it, and clients grew angry, and as usual, took it out on the customer service reps. They were more concerned with the merger than their clients and employees at that time. Still I shouldn't have left. Even today, they are willing to take me back, if I relocate back to area.

    Advice to ManagementAdvice

    Listen.

    Recommends
    No opinion of CEO
  10.  

    Good

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

    I worked at BNY Mellon

    Pros

    Informative and good presentations by management

    Cons

    Not enough responsibility and had to ask for work

    Advice to ManagementAdvice

    give interns more responsibility

    Recommends
    No opinion of CEO
  11.  

    I think Bob has had a tough situation this year, and he has handled it very well.

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

    I have been working at BNY Mellon

    Pros

    They are not very strict on anything except compliance. A little bit of work goes a long way. It seems very hard for them to fire people.

    Cons

    The quality of people you work with is very low. Many people seems unmotivated and uneducated.

    Advice to ManagementAdvice

    Keep the young blood you have int he organization by providing them opportunities to grow quickly. Perhaps have management fast tracks.

    Doesn't Recommend
    Approves of CEO

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