BNY Mellon Reviews

Updated July 1, 2015
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2.7
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Recommend to a friend
Approve of CEO
BNY Mellon Chairman, President and CEO Gerald Hassell
Gerald Hassell
505 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

1,601 Employee Reviews

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  1. Featured Review

    Very satisfied with the company.

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

    I have been working at BNY Mellon

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Great work environment and plenty of departments to expand knowledge.

    Cons

    N/A, Nothing to report on.

    Advice to Management

    N/A


  2. Helpful (1)

    Birds are talking about BNY Mellon... Cheap, cheap, cheap

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

    I have been working at BNY Mellon full-time (More than 10 years)

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

    Pros

    Work can be interesting but they don't show true appreciation for hard work. .

    Cons

    Smoke and mirrors to make it look like they care. Raises and bonuses are getting smaller and smaller

    Advice to Management

    Put ur money where your mouth is.


  3. Culture

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

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

    Pros

    If you get a job at Bony, it can be comfortable and steady. Great for people who wants a long-term job.

    Cons

    High Turn Over, weak management. They hire the wrong people to work in certain departments.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Average overall

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Ops Spec in Syracuse, NY
    Former Employee - Ops Spec in Syracuse, NY

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

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

    Pros

    Easy going working environment, people are nice there, great company financial education resources, so you can self learn, and with other resources that you can utilize such as health insurance, discount price, company stock purchase program, etc

    Cons

    - not competitive paid to employee
    - under staff, need more people and being effective!
    - relatively hard to promote in a short term
    - sometime get very busy in certain dates of the month


  6. Helpful (1)

    Fund Accountant

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Fund Accountant in Brooklyn, NY
    Former Employee - Senior Fund Accountant in Brooklyn, NY

    I worked at BNY Mellon (More than 8 years)

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

    Pros

    Relaxed environment. Easy work. Fun staff.

    Cons

    No room for growth. Low raises. Health benefits keeps going up.


  7. Helpful (1)

    Solid Company

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

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

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

    Pros

    Company history/reputation, size (50,000+ staff globally), appears to be committed to Corporate Trust business, knowledgeable and competent management and great benefits. The performance review process has been drastically improved. Merit increases, although small, are consistently based on performance. When economy took a turn in 2008, management announced zero merit increases the following year(s), to avoid lay offs. Employees respected management's decision and stayed loyal to the company until the market improved. Was fortunate to be given 9 months notice that my position was being eliminated.

    Cons

    Limited opportunities for career advancement in smaller locations. Tiny merit increases, even when company's financials are good and employee overall performance rating is Exceeds Expectations or Outstanding. Management does not like to hold on to solid employees with many years of experience. It's sad to see all that knowledge walk out the door and the work is left to less-competent employees with little or no experience. Constant management changes and shifting of groups. Company stresses balanced work/home life, but difficult to attain.

    Advice to Management

    N/A


  8. Helpful (1)

    fair

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

    I have been working at BNY Mellon full-time

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

    Pros

    the company has great hours

    Cons

    the salary sucks with the company

    Advice to Management

    hmmm


  9. Great Company

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

    I have been working at BNY Mellon

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

    Pros

    Steady hours and interesting work.

    Cons

    Large company, have to work hard to be noticed.

    Advice to Management

    Great company to work at.


  10. Helpful (6)

    Alternative Investment Services

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

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

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

    Pros

    Large company. Interesting work, great exposure to large clients and many types of securities. Good work/life balance for the most part, and a generally relaxed atmosphere as long as all the work is getting done and the clients are happy. Good place to start for entry level employees. Not so much for long term career growth.

    Cons

    Little to no reward for exceeding goals and receiving outstanding reviews. Compensation and "merit increases" are minuscule and in no way linked to individual performance in any observable way. The average merit increase (percentage wise) at my office was less than what my parents received as a "cost of living increase" from Social Security. Company-wide obsession with reducing expenses hinders employee and company growth. For example, downgrading servers and systems of a growing part of the business as more clients are being moved to said systems leads to avoidable issues with system down time and server resets.

    Communications from the executive level of management can be self contradictory, revealing poor employee management strategies. For example one email highlighted the need to attract and retain top talent at the company. A few weeks later another email announced that they were eliminating contributions to the legacy pension fund because the majority of our competitors no longer offered pensions. The second email lead to many experienced and knowledgeable employees leaving due to the fact they stood to be losing the most from the pension cuts.

    Advice to Management

    Pay top performers more than employees that are just skating by. I've seen many of my own employees go from ambitious over performance to just doing the bare minimum after realizing their hard work was not going to be rewarded in any tangible way. Corporate wide communications should be more cohesive and reflect and clear strategy when announcing new initiatives. Don't be afraid to invest a little money in technology and top performing employees, especially in a line of business that is growing.


  11. Good Company

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

    I have been working at BNY Mellon

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

    Pros

    Benefits. Vacation. Good management. Supportive.

    Cons

    They have Inconsistent inter-departmental communication.



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