BNY Mellon

  www.bnymellon.com
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BNY Mellon Reviews in Los Angeles, CA

1,223 Reviews

2.8
1,223 Reviews
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BNY Mellon Chairman, President and CEO Gerald Hassell
Gerald Hassell
345 Ratings

Review Highlights

Pros
  • I also get to work from home when needed, making the work life balance easier to handle (in 116 reviews)

  • Many good benefits, however, management was not proactive in developing talent (in 61 reviews)


Cons
  • There is no room for GROWTH and the PAY SUCKS OVERALL (in 25 reviews)

  • All the hard works we done are not appreciated by the senior management of the company (in 49 reviews)

More Highlights

13 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    It was a good place to start a career

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President  in  Los Angeles, CA
    Former Employee - Vice President in Los Angeles, CA

    Pros

    Good variety of jobs - I had 10 different jobs in 10 years

    Cons

    Bit old fashioned, at least it was back then

    Advice to ManagementAdvice

    Be more open to change

    Recommends
    Neutral Outlook
    No opinion of CEO
  2.  

    Coworkers are great, Management not great.

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

    Pros

    Known name in the financial world.

    Cons

    LA location is way too dependent on a single client. Management tries to compensate for loss of client by taking on new accounts without full understanding of resource needs. Extremely high turnover. Hiring freeze was implemented to save jobs was not needed. LA site lost 4-5 employees within 3 months of hiring freeze putting extreme strain on rest of employees. Manager to worker ratio is too high. Too many people giving orders without enough people to follow.

    Advice to ManagementAdvice

    Learn how to plan for the future.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  3. 1 person found this helpful  

    Uneasy environment in LA under new management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee  in  Los Angeles, CA
    Former Employee - Anonymous Employee in Los Angeles, CA

    Pros

    Good training, top notch investement resources, excellent safety ratings from credit agencies.

    Cons

    Challenges with the business model, high turnover, new management: unseasoned micromanager, lack of trust and confidence internally.

    Advice to ManagementAdvice

    LA office needs a new direction, many are unhappy with how they are being treated which is demostrated by the mass exodus over the last year and a half. Hopefully the once positive reputation with employees can be restored.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
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  5. 1 person found this helpful  

    EMPLOYEE AT THE DOWNTOWN LOS ANGELES LOCATION

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

    Pros

    Only required to put in 7.5 hours of work/day. Great flexibility and benefits and nothing else.

    Cons

    Where to start: horrible management (lack people skills), growth opportunity (tend to hire from outside or make positions from seniors who left into non senior positions), lack of professionalism, pay is a joke - 1.5% if you are lucky (isn't inflation 3% a year?), the list goes on and on. If you think about it, BNY Mellon is the backoffice for asset managers. Having said that, there's no opportunity to grow since the Downtown Los Angeles location has one large client that is quickly taking its business in house or moving jobs back to Pittsburgh. People who have any sense of ambition are dropping like flies. AVOID AT ALL COST.

    Advice to ManagementAdvice

    None. This place will become obsolete as this site will eventually close down.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  6. 3 people found this helpful  

    From Ok to Bad to Worse

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Associate  in  Los Angeles, CA
    Current Employee - Associate in Los Angeles, CA

    Pros

    If you're a less than ideal employee: No repurcussions or accountability for you.
    If you're in India: Our jobs are coming your way!
    We have several new colors added to our marketing material.

    Cons

    No direct HR contact for our location; HR helpline cannot give precise or direct answers to any benefits questions (such as health coverage, the use of HSA and the use of FSA). Red tape abounds to get any process completed. No incentive to take initiative or cross-sell because there is no direct compensation for either. No back-filling of jobs as departments lose employees through attrition and lay-offs. Everyone is doing two to three times the work with no compensation to match or gratitude. Morale is at all time low regardless of location. Jobs are increasingly being outsourced to India. I suppose that's a "Pro" if you're in India. No way to have voices heard or acknowledged. Higher ups are not reachable. Managers are not empowered to make sound business decisions for their line of business. Every department is very siloed. Proactive communication is non existent. Forecast of company business is dim. Perks are slowly being taken away.

    Advice to ManagementAdvice

    Read and take to heart all of the comments submitted during the annual employee survey; we all know the results were not as positive as you imply.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7. 2 people found this helpful  

    Over worked and underpaid

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Client Service Manager  in  Los Angeles, CA
    Current Employee - Client Service Manager in Los Angeles, CA

    Pros

    The downtown Los Angeles Office has a great staff. The people there make coming to work and spending more time with them than your family fun. There are people there that really care, about you and your life and your family, and they show it.
    I must also say that if you have a family they are very encouraging to put your family first, at least most of management is. If you are a working mom they can be flexible with your prior engagements if you let them know in advance. Some managers of course are better than others, some although are working moms, just don't seem to understand.

    Cons

    The expectations and inconsistency of upper management is ridiculous. Some managers will discourage your advancement and others will promise the world, and never come close to giving it, no matter how much you have earned it. The work and the expectation grows exponentially with each year, but there isn't a reward for the work you put in. Manager will advise you NOT to get your Masters or even tell you to lower your expectations and work ethic so that YOU will not be stressed out. Merit is based on who you know, or who your alliances are with rather than the work that you do and the growth that you have shown.
    Management is unorganized and out of touch with those doing the daily tasks to keep the business profitable. Some managers lack the knowledge of the business in the first place.

    Advice to ManagementAdvice

    To senior management, I say do some heavy cleaning of your lower level team leaders and managers. The turnover rate may not be so bad if they were respected.

    Doesn't Recommend
    Negative Outlook
  8. 2 people found this helpful  

    Ok

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee  in  Los Angeles, CA
    Former Employee - Anonymous Employee in Los Angeles, CA

    Pros

    Big company with perks. Good benefit.

    Cons

    Poor management, high level of dissatisfaction among employees.

    Doesn't Recommend
    No opinion of CEO
  9. 2 people found this helpful  

    If you don't care about career advancement then you should work here

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Senior Accountant  in  Los Angeles, CA
    Former Employee - Senior Accountant in Los Angeles, CA

    Pros

    1. Good work and life balance
    2. Easy work
    3. Good working environment

    Cons

    1. No organic growth
    2. No promotions
    3. Unfair compensation
    4. Does not offer diverse experience

    Advice to ManagementAdvice

    Please get new clients and promote the people who actually worked

    Doesn't Recommend
    No opinion of CEO
  10. 1 person found this helpful  

    Decent Place

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Trust Associate  in  Los Angeles, CA
    Current Employee - Trust Associate in Los Angeles, CA

    Pros

    This firm pays good wages to college graduates who matriculated at a top tier university (e.g., UC). You work 35 hours a week and the scheduling for work is pretty flexible. As long as you're in the office for the daily trades or bond servicing, it's game.

    Cons

    Some business groups are have better relationship managers than others. It's important to be with a good Business Group Managers

    Advice to ManagementAdvice

    Before I departed, management was already instituting policies to make the mundane work day go by better. Keep it up the policies.

    No opinion of CEO
  11. 1 person found this helpful  

    It's a job.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee  in  Los Angeles, CA
    Former Employee - Anonymous Employee in Los Angeles, CA

    Pros

    flexible schedule and supportive immediate management.

    Cons

    Lacks any opportunity for advancement. Work load tended not to be evenly distributed.

    Advice to ManagementAdvice

    Upper management needs to appreciate talent

    No opinion of CEO

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