BNY Mellon

www.bnymellon.com

BNY Mellon Reviews

Updated January 28, 2015
Updated January 28, 2015
1,419 Reviews
2.8
1,419 Reviews
Rating Trends

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

Review Highlights

Pros
  • Good work-life balance in my department, but not in all areas of the company (in 136 reviews)

  • Many good benefits, however, management was not proactive in developing talent (in 77 reviews)


Cons
  • No room for growth, salaries at lower end in the industry and merit increases are close to zero (in 32 reviews)

  • Plenty of talk but no regard for work life balance (in the technology sector) (in 23 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    I dealt with BNY Operations in the early part of the millenium.... And got a job there in 2013

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President in New York, NY
    Former Employee - Vice President in New York, NY

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

    Pros

    Some of the people in BDS knew what they were doing.

    Cons

    Most people below VP level had no clue. They were so narrowly focused on what they did. They have no idea of their role in the bigger picture of the organization. Some of the MDs I dealt with wouldn't be fit to be VPs in other organizations.

    Advice to ManagementAdvice

    RSUs for lower levels helps to give employees a sense of ownership.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2.  

    Good place to start out

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at BNY Mellon

    Pros

    This is a good place to start out and get your toes wet in the financial services industry, especially fresh from college.

    Cons

    Salaries for tenured professionals are not competitive. Very difficult to get a pay jump once your in the company over 8% - even if you've been promoted or your duties have changed significantly

    Advice to ManagementAdvice

    Mid-level employees who want to stay with the company can't because of the poor salary levels.

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

    Good solid work place, with tons of room to move up.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Client Accounting and Reporting Specialist I in Pittsburgh, PA
    Former Employee - Client Accounting and Reporting Specialist I in Pittsburgh, PA

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

    Pros

    Pay is alright. Work is pretty consistent and managable. Very diverse.

    Cons

    Doesn't pay (literally) to work your way up in a single department; it's best to leave and keep switching departments.
    Also Bank of New York Mellon likes to fire people/lay them off just because they need to cut costs... maybe they should let go of people on the offshore sites like in India.

    Advice to ManagementAdvice

    Promote within or continue to loose people.

    Recommends
    Negative Outlook
    Approves of CEO
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  5.  

    BNY Mellon

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Managing Director in New York, NY
    Former Employee - Managing Director in New York, NY

    I worked at BNY Mellon

    Pros

    Good stable place to work. Mostly 9-5.

    Cons

    Not much growth potential. People in a position tend to be stuck there for a while.

    Advice to ManagementAdvice

    Change the culture and eliminate the red tape.

    Recommends
    Neutral Outlook
    Approves of CEO
  6.  

    overall positive experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Project Manager in New York, NY
    Former Employee - Project Manager in New York, NY

    I worked at BNY Mellon full-time (more than 10 years)

    Pros

    work-/life balance
    skilled staff
    good lateral opportunities

    Cons

    limited upward mobility
    very hierarchal

    Advice to ManagementAdvice

    promote employee development

    Recommends
    Positive Outlook
  7.  

    Good People

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Quality Assurance Coordinator in Pittsburgh, PA
    Former Employee - Quality Assurance Coordinator in Pittsburgh, PA

    I worked at BNY Mellon part-time (more than 3 years)

    Pros

    Great People, Great Benefits, Flexible

    Cons

    Salary is not at all comparable

    Doesn't Recommend
    Positive Outlook
  8.  

    Asset servicing

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at BNY Mellon

    Pros

    The flexibility is great and benefits are decent.

    Cons

    Career growth and salary are certainly lacking in most departments within asset servicing. "Pay for performance" that they preach is really just a statement with no actions to back it up.

    Doesn't Recommend
    Neutral Outlook
  9.  

    If you're expecting a bright future because you're smart and hardworking, this is the wrong place

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Supervisor in New York, NY
    Current Employee - Supervisor in New York, NY

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

    Pros

    Great learning experience, good people

    Cons

    Terrible management,terrible compensation, hard work isn't valued or rewarded

    Advice to ManagementAdvice

    Make sure all managers under you attend a course in management, in the end the employees emulate the ambitious nature or lack thereof of their leaders.

    Doesn't Recommend
    Positive Outlook
  10.  

    Good company to learn from

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at BNY Mellon

    Pros

    Good communication and opportunity to learn

    Cons

    Can become stagnate in your position

    Advice to ManagementAdvice

    Open communication

    Recommends
    Neutral Outlook
    No opinion of CEO
  11.  

    Great team to work with

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Accountant
    Current Employee - Accountant

    I have been working at BNY Mellon

    Pros

    Team is always helpful and willing to teach you.

    Cons

    Tons of overtime and not much opportunity to move up in the business.

    Recommends
    Positive Outlook
    No opinion of CEO

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