BNY Mellon
2.8 of 5 1,131 reviews
www.bnymellon.com New York, NY 5000+ Employees

BNY Mellon Reviews in New York, NY

Updated Jul 6, 2014
All Employees Current Employees Only

2.8 219 reviews

                             

62% Approve of the CEO

BNY Mellon Chairman, President and CEO Gerald Hassell

Gerald Hassell

(65 ratings)

42% of employees recommend this company to a friend
219 Employee Reviews Back to all reviews
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    Good place to work, but little salary growth and no real opportunity for career advancement

    Senior Administrative Assistant (Current Employee)
    New York, NY

    ProsHighly competent colleagues, commitment to professionalism and customer service, recognition of need for work/life balance, very good benefits, company is well-managed and has weathered economic storms better than other banks.

    ConsRaises minimal, regardless of performance and the company's profitability. Not much career growth or development.

    Advice to Senior ManagementReward employees for making company's profits possible by increasing salaries, or at least create opportunities for raises through performance

    Yes, I would recommend this company to a friend

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    I have attained a lot of financial knowledge from working here; and, the managers take time to teach.

    Fund Accountant (Current Employee)
    New York, NY

    ProsBNY Mellon has a great corporate culture and industry leadership

    ConsLimited room for growth and development

    Yes, I would recommend this company to a friend

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    Great Work/Life Balance but below industry standards in terms of pay.

    Audit Associate II (Current Employee)
    New York, NY

    Pros- Great Work/ Life Balance
    - Great People & Co-workers
    - Good Place to Learn about Banking
    - Supports Professionalism and encourages employees to obtain certifications
    - Lots of vacation days

    Cons- Pay is below industry standards (including bonus) and raises are not the best either
    - In some departments w/in Audit limited opportunity for growth

    Advice to Senior Management- Create better ways to promote employees and support growth within the company.
    - Pay the employees their worth and you'll retain more talent

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    2 people found this helpful  

    I would not recommend a job at Bank of New York Mellon to my worst enemy!

    (Former Employee)
    New York, NY

    ProsThere are absolutely no good reasons to work at Bank of New York Mellon. The place is a sweatshop full of incompetent managers and extremely unhappy employees.

    ConsIncompetent management; no opportunities for growth; salary substantially below market rate; there is really no upside to working at this organization; steer clear!

    Advice to Senior ManagementWhen you have a department with 60-70% turnover rate, that should, in itself, be one of your beloved key risk indicators. Hire new management and stop treating employees as though they work in a sweat shop. Pay market rates, not 25-50% below. Offer career opportunities.

    No, I would not recommend this company to a friend

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    2 people found this helpful  

    Better off elsewhere if you're looking to learn and grow

    Trust Associate (Former Employee)
    New York, NY

    ProsMain office at Barclay is very big, the large lunch room is big, some of the older employees are very nice and are willing to each you

    ConsMost of the people there are uneducated and if you're looking to learn, you might get frustrated. Also, everything is out of date and they're not up to par with technology. It seems like they hire just about anybody and don't screen employees carefully (this is more so for the support/staff jobs).

    Advice to Senior ManagementHire more competent workers, have better computers, become more up to date with the new technology, offer room for growth

    No, I would not recommend this company to a friend

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    Tale of Two Cities

    Anonymous Employee (Former Employee)
    New York, NY

    ProsBefore July 2007 merger, Mellon was great place to work. Great management, CPE opportunities, salary, benefits, and respect for employees.

    ConsAfter BNY Mellon merger, BNY took great Mellon employees and made them marginal. BNY was a troubled company and infected Mellon with its' politics and bad management.

    Advice to Senior ManagementGet rid of very biased BNY legacy management and try to keep Mellon managers. Mellon managers are smart, experienced, and respectful.

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    A tenured employee that has maxed out potential

    Senior Project Manager (Current Employee)
    New York, NY

    ProsBenefits have improved over the years 2000 to present
    Firm is trying to stay competitive
    Firm is starting to consider importance around technology

    ConsThe firm has biased management style. Many teams are grouped by race and there is obvious action to diversify teams. There are teams of where it's mostly Jewish or Indian and there is favoritism for promotion and merit awards.

    Advice to Senior ManagementManagement should be required to take intensive leadership management courses to understand how to lead a business and not with their emotions or personal interest.

    No, I would not recommend this company to a friend

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    Nice hours but no money

    Trust Associate (Former Employee)
    New York, NY

    ProsShort Day, Nice People, Fun Enviornmen

    ConsNot the best job for someone coming out of college---they dont expect much of you and you work an 8 hour day with a 1 hour lunch....if you want to work hard and work overtime you have to ask for approval. Nice people

    Advice to Senior ManagementDon't hire young kids out of college as they will move on very quickly.

    No, I would not recommend this company to a friend

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    Don't Let The Door Slam On You On Your Way Out

    Project Manager (Current Employee)
    New York, NY

    ProsProjects can be interesting and challenging at times.

    ConsIf your job can be outsourced, it will be. They want to reduce full time staff as much as possible, even if it will impact the project and the product. Experienced people are gone and contractors are all around you.

    Advice to Senior ManagementWake up!!! You've lost most of your experienced people. You can't train a contractor in six weeks to do what someone with 20 years of experience has done. Mistakes are being made and they're been seen by the client.

    No, I would not recommend this company to a friend

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    very good until merger with Mellon

    Vice President (Current Employee)
    New York, NY

    ProsSome good people but they do try and get blood from a stone

    Conscut throat at saving money and slashing jobs

    Advice to Senior Managementnone

    No, I would not recommend this company to a friend

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Glassdoor is your free inside look at BNY Mellon reviews and ratings in New York, NY — including employee satisfaction and approval rating for BNY Mellon CEO Gerald Hassell. All 219 reviews posted anonymously by BNY Mellon employees.