BNY Mellon Reviews

Updated August 6, 2015
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3.8
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BNY Mellon Chairman, President and CEO Gerald Hassell
Gerald Hassell
2 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

16 Employee Reviews

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  1. Associate

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in Los Angeles, CA
    Current Employee - Associate in Los Angeles, CA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Work schedule flexibility, Development classes

    Cons

    Not much in terms of career growth unless you are located in NY or PGH.


  2. Helpful (1)

    Large Global Organization, Great work/life balance

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Anonymous Contractor in Los Angeles, CA
    Current Contractor - Anonymous Contractor in Los Angeles, CA
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Friendly laid back atmosphere, good company values and corporate vision. Great D.I.Y. training resources available. I don't know how easy it is to move within the company and across the locations, being one of the largest deposit banks in the world they have great global presence with office locations everywhere.

    Cons

    There seems to be a fairly large number of individuals who don't know what the company does beyond their own responsabilities and they are ok with that. There is little global awareness.

    Advice to Management

    Coach front-line managers and strengthen the managers skill set and comfort level with having difficult conversions with employees on how the employee could strengthen their own knowledge level and skill sets. Treat the infection rather than continuously putting band-aides on. Could do more around employee engagement and company awareness in the workplace at the .


  3. Helpful (2)

    Unpleasant Work Experience & Corporate Culture - Los Angeles

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Accountant in Los Angeles, CA
    Former Employee - Senior Accountant in Los Angeles, CA
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at BNY Mellon full-time (More than 5 years)

    Pros

    For Non-exempt employees, work week based on a 37.5 hour system.

    Cons

    Corporate culture does not value employees; monetary rewards are minimal to null resulting in a toxic and unhappy work environment. Performance review system for a tenured company is frequently changing, makes you wonder why?!?

    Advice to Management

    Focus on personal development and growth matched with industry compensation.


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  5. Coworkers are great, Management not great.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Los Angeles, CA
    Current Employee - Anonymous Employee in Los Angeles, CA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at BNY Mellon full-time

    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 Management

    Learn how to plan for the future.


  6. Helpful (1)

    Uneasy environment in LA under new management

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Los Angeles, CA
    Former Employee - Anonymous Employee in Los Angeles, CA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at BNY Mellon full-time

    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 Management

    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.


  7. Helpful (1)

    EMPLOYEE AT THE DOWNTOWN LOS ANGELES LOCATION

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Los Angeles, CA
    Current Employee - Anonymous Employee in Los Angeles, CA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    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 Management

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


  8. It was a good place to start a career

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in Los Angeles, CA
    Former Employee - Vice President in Los Angeles, CA
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    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 Management

    Be more open to change


  9. Helpful (3)

    From Ok to Bad to Worse

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in Los Angeles, CA
    Current Employee - Associate in Los Angeles, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    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 Management

    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.


  10. Helpful (2)

    Over worked and underpaid

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Client Service Manager in Los Angeles, CA
    Current Employee - Client Service Manager in Los Angeles, CA
    Doesn't Recommend
    Negative Outlook

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

    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 Management

    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.


  11. Helpful (2)

    Ok

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Los Angeles, CA
    Former Employee - Anonymous Employee in Los Angeles, CA
    Doesn't Recommend
    No opinion of CEO

    Pros

    Big company with perks. Good benefit.

    Cons

    Poor management, high level of dissatisfaction among employees.



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