BNY Mellon Reviews

Updated February 26, 2015
23 reviews filtered by
  • Manchester, England (UK)
  • Any Job Title
2.7
23 Reviews
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Approve of CEO
BNY Mellon Chairman, President and CEO Gerald Hassell
Gerald Hassell
7 Ratings

23 Employee Reviews

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  1. OK company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Administrator in Manchester, England (UK)
    Former Employee - Administrator in Manchester, England (UK)

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

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    Friendly People and a good variety of projects

    Cons

    Very low pay as cost cutting drive, lots of office politics

    Advice to Management

    Listen to the people on the ground

  2. Helpful (1)

    Okay

    Current Employee - Fund Administrator in Manchester, England (UK)
    Current Employee - Fund Administrator in Manchester, England (UK)

    I have been working at BNY Mellon full-time (More than a year)

    Pros

    to gain experience. Flexible working hours

    Cons

    Salary is poor and chances or progression are limited

    Advice to Management

    value your employees

  3. Great people, good professional experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Corporate Actions Specialist in Manchester, England (UK)
    Former Employee - Corporate Actions Specialist in Manchester, England (UK)

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

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Great team, really sociable, professional and hard working. Great working atmosphere and environment

    Cons

    Lack of inclusion in the decision making process. There was a change in management whilst I was employed which I think had a negative impact on the department

    Advice to Management

    Create a more inclusive culture and be aware that management styles that work in the US does not necessarily translate well to the UK

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  5. Get out what you put in

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Corporate Actions in Manchester, England (UK)
    Current Employee - Corporate Actions in Manchester, England (UK)

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

    Recommends
    Neutral Outlook
    Disapproves of CEO
    Recommends
    Neutral Outlook
    Disapproves of CEO

    Pros

    Good opportunities for progression, inclusive work culture, open to change, initial basic salary is pitched at an appropriate level, opportunities to push yourself and learn something new

    Cons

    Salary increases are poor, under use of incentives (financial or otherwise), no compensation for increasing experience, unable to compete with local competitors for experienced staff, confused message from senior management, disconnect between effectiveness of cost cutting and promotion of risk management

    Advice to Management

    Accept that in order to retain good staff and thus manage risk effectively salaries need to be reviewed and adjusted appropriately and at regular intervals.

  6. Helpful (2)

    Not a good company to work for!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Manchester, England (UK)
    Former Employee - Anonymous Employee in Manchester, England (UK)

    I worked at BNY Mellon (More than a year)

    Doesn't Recommend
    Doesn't Recommend

    Pros

    Benefit scheme and training courses.

    Cons

    The senior management in Manchester Finance department is unprofessional. They don't care about retaining good dedicated staff. No respect and no reward from the management team.

    There is absolutely no career path and progression. There is favouritism where one could get promoted every year and the management would give you thousands of excuses not to offer you a promotion, even though you are more skilful and more experienced than their favourite ones.

    Salary is well below industry average and annual salary rise is minimal.

    Staff turnover is very high.

    No work-life balance.

    Advice to Management

    Be fair, be professional, be transparent and respect staff.

  7. Good stepping stone

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Specialist in Manchester, England (UK)
    Current Employee - Senior Specialist in Manchester, England (UK)

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

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

    Pros

    People are generally friendly and open. The company puts a lot of resources and effort on diversity and employee engagement. It is a good place to practice fixing things.

    Cons

    Salaries in many departments in non financial centres are not in line with local competitors. Progression can be slow and investment in serious training and development is lacking. It is also not easy to move around without guardian angels at senior levels.

    Advice to Management

    Pay attention to the plight of your middle managers rather than statistics. If you offer low salary you will not attract or retain quality and clients will notice.

  8. Helpful (2)

    Not my cup of tea

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Manchester, England (UK)
    Former Employee - Anonymous Employee in Manchester, England (UK)

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

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    Nice offices and decent vending machines

    Cons

    Full of people who have no clue what they are doing
    If you don't know ''somebody'' or a manager then you are likely to be ignored
    Poor decision making
    Absolutely rubbish pay
    Top level managers have no clue what is going on in the day to day running

    Advice to Management

    Stop giving opportunities to the same old people and look at what each individual can bring. A lot of people feel left out as those who have been with the company for ages are deemed important or valuable.

  9. Interview

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Specialist in Manchester, England (UK)
    Current Employee - Specialist in Manchester, England (UK)

    I have been working at BNY Mellon full-time (Less than a year)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Lovely workmates , room for growth

    Cons

    Pay is not commensurate to the positions

    Advice to Management

    Review salaries

  10. Helpful (6)

    Mediocre

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Fund Administrator in Manchester, England (UK)
    Former Employee - Fund Administrator in Manchester, England (UK)

    I worked at BNY Mellon full-time (More than a year)

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

    Pros

    - It looks good on your CV
    - people are impressed by it i.e. those who do not work there
    - you can spin your experience and make the most menial tasks look like you had real responsibility
    - you can learn corporate know how and get inside information about the company

    Cons

    - The pay is low, very, very poor
    - The senior management are very young and inexperienced
    - There is a culture of anti-intellectualism where having a degree makes you the subject of negative envy and the culture of "do you think you are better than us?"
    - anti-social, cliquey culture
    - homogeneous with mainly local staff members who have a lack of experience of the outside world
    - senior management are distant, unapproachable and there is a blame culture
    - difficult to form personal relationships at work or enjoy work
    - a lad culture and "not in my job description" culture
    - dealing with IT queries is tedious e.g. there is a problem with a computer almost every day
    - working at BNY Mellon is not as attractive as working at Goldman Sachs, Bank of America or Ernst & Young
    - Constantly watched and under surveillance with supervisors logging your mistakes to use against you when possible
    - Long term career prospects are dire
    - Men are immature
    - Senior managers and HR block internal career progression

    Advice to Management

    Being angry and arrogant creates disgruntled employees. You are not as good as you think you are. Improve your qualifications and personal skills. Stop using buzzwords like "innovation", "professional" and "diverse" - when innovation, professionalism and diversity is present - it really speaks for itself.
    Employ older staff members with more experience than you. You are big fish in a small pond.

  11. Interesting and challenging role as Fund Administrator

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Fund Administrator in Manchester, England (UK)
    Former Employee - Fund Administrator in Manchester, England (UK)

    I worked at BNY Mellon full-time (More than a year)

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

    Pros

    The career development is really good established, as there are many training programmes that you can attend to get new skills. The work-life balance is supported well, and there are some exciting opportunities for volunteering.

    Cons

    The remuneration was much less compared to the industry average. It depends on location, but some of the people didn't have enough educational background though were doing job well.

    Advice to Management

    The company could find better employees from overseas by offering work permit.

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