BNY Mellon

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BNY Mellon Reviews in Manchester, England

Updated August 6, 2014
Updated August 6, 2014
1,224 Reviews

2.8
1,224 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
BNY Mellon Chairman, President and CEO Gerald Hassell
Gerald Hassell
344 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

18 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    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)

    Pros

    Lovely workmates , room for growth

    Cons

    Pay is not commensurate to the positions

    Advice to ManagementAdvice

    Review salaries

    Recommends
    Neutral Outlook
    Approves of CEO
  2.  

    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)

    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 ManagementAdvice

    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.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  3.  

    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)

    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 ManagementAdvice

    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.

    Doesn't Recommend
    Negative Outlook
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  5. 4 people found this helpful  

    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)

    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 ManagementAdvice

    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.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6.  

    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)

    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 ManagementAdvice

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

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

    A lot of opportunities to learn and develop but remuneration is not motivating

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

    Pros

    The company encourages you to move between departments so there is a lot of opportunities to develop your skills/knowledge. Very good induction process, especially for those without previous experience-gives a good background of the finance industry. Pension scheme on really good terms

    Cons

    The salary and bonuses are quite low especially for entry level positions. It is a good starting point for people without experience, but when thinking of a long term career, the salary encourages you to move somewhere else.

    Advice to ManagementAdvice

    Review the wages. The comapny is loosing employees and all the time invested in training them due to low salaries

    Recommends
    Neutral Outlook
    No opinion of CEO
  8.  

    Staff engagement is a lie

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

    Pros

    modern office, global international exposure.

    Cons

    long hours, high turnover of staff, old systems.

    Advice to ManagementAdvice

    to look after staff more

    Doesn't Recommend
    Neutral Outlook
  9.  

    could have been better

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

    Pros

    -relax environment
    -training opportunities
    -location (for manchester)
    -good name on a cv

    People are nice enough and helpful but there are imbalances between finance teams - some people get a promotion every year while others just stay still. Will go under a reengineering therefore new opportunities may arise.

    Cons

    -low pay
    -not clear advancement in career

    Advice to ManagementAdvice

    Try to focus on technology

    Recommends
    Neutral Outlook
    No opinion of CEO
  10.  

    Plenty of training opportunities, but don't expect to go anywhere

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

    Pros

    The training available to employees is excellent. There is a mixture of self learning, online courses, phone presentations and in-person courses. As a starter coming into the industry without any experience, you can become as knowledgable as you like.

    Cons

    The process across regions is incredbly fragmented, with two people on the same job title in the US doing a completely different job to one in EMEA, despite both working together. Though there are attempts to realign this, the situation as it stands is that there are tiny pockets of information which do not filter down.
    The general policy is "do first - ask questions later" where new policy initiatives that affect clients are not thoroughly worked through prior to implementation causing incredible and inexplicable delays.
    Departments are so risk averse that they are often not willing to do things which would ordinarily be part of their remit.
    Processes and Procedures are used to minimise risk, to the extent tha every minute error, even human error is over analysed and then proceduarlised.
    De

    Advice to ManagementAdvice

    Streamline the process across sites.
    Realise that human error can only be reduced, never removed.
    Ensure that any process changes, even at "ground level" are fully prepared prior to implementation.

    Doesn't Recommend
    Neutral Outlook
  11.  

    Stable custodian

    • Career Opportunities
    Former Employee - Vice President  in  Manchester, England (UK)
    Former Employee - Vice President in Manchester, England (UK)

    Pros

    Good investment in staff And core induction within Manchester base

    Cons

    Mediocre salaries and poor pay structure

    Advice to ManagementAdvice

    Better communication and objective setting is needed

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