BNY Mellon

  www.bnymellon.com
  www.bnymellon.com

BNY Mellon Reviews

Updated December 15, 2014
Updated December 15, 2014
1,355 Reviews
2.8
1,355 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
BNY Mellon Chairman, President and CEO Gerald Hassell
Gerald Hassell
416 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. 3 people found this helpful  

    Like working for the government

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

    I have been working at BNY Mellon

    Pros

    Good work life balance, flexible work schedule, vacation days, and benefits

    Cons

    Almost no career opportunities, non-existent training, terrible technology infrastructure, and overly bureaucratic. The fact that there is actually a committee to oversee other committees that set internal policies kind of says it all. Unimaginative senior management that is always reacting to competition. Bloated middle management while underinvesting in products, services, and line employees that actually drive revenues.

    Advice to ManagementAdvice

    Upgrade your tech and bring your business processes and products into the 21st century. The competition is selling cars while BNY is proud of the fact that it sells the cheapest and fastest horse drawn buggy in town. Banking is not a labor intensive business yet BNY has managed to turn it into one via underinvestment in tech and revenue generating professionals.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  2. 1 person found this helpful  

    Mismanagement of resources

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

    I worked at BNY Mellon as a contractor (less than an year)

    Pros

    Good name, office perks, mismanagement of time

    Cons

    Lack of direction, no loyalty

    Advice to ManagementAdvice

    Prepare more well defined roles; jobs to be done with conventional work is complete

    Recommends
    Positive Outlook
    No opinion of CEO
  3.  

    Very satisfied with the company.

    • 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

    Great work environment and plenty of departments to expand knowledge.

    Cons

    N/A, Nothing to report on.

    Advice to ManagementAdvice

    N/A

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


  5. 1 person found this helpful  

    Too large, ineffective organizational company tree

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

    I worked at BNY Mellon

    Pros

    Good 401K match, Lots of supplemental options for benefits.

    Cons

    No work/life balance. They take advantage of the 'salaried' employees in some positions requiring on-call duties of 45-60 hours for no additional compensation in non-manager roles.

    Advice to ManagementAdvice

    Stop migrating email systems every 6 years. Compensate employees for on-call duties if not in management.

    Recommends
    Neutral Outlook
    No opinion of CEO
  6.  

    Great Company

    • 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 full-time (more than 8 years)

    Pros

    Great people and great value

    Cons

    good people and good company

    Recommends
    Neutral Outlook
  7.  

    Good Opportunity for those with ambition

    • 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

    Tuition reimbursement, Good work life balance.

    Cons

    Not the best compensation, interest rates drive the business.

    Recommends
    Positive Outlook
  8.  

    Good for short term

    • 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

    Challenging work, competitive pay and benefits

    Cons

    No concern for work/life balance.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  9. 3 people found this helpful  

    Bny mellon has deep experience in Wealth Management that is second to none. The culture is a bit of a chanllenge in which it is not a warm inclusive environment. Senior management has more of a critical and demeaning style

    • 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 best part of working here is the depth of people as resources and experience. The caliber of talent is very high

    Cons

    Management style is more of a dictatorship that lacks true leadership and passion

    Advice to ManagementAdvice

    Need to get professional executive coaches and Senior Managers who lead by example

    Recommends
    Positive Outlook
    Disapproves of CEO
  10.  

    Fair

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

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

    Pros

    Good Culture to work for.

    Cons

    Compensation could be better than average.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  11.  

    BNY Mellon Summer 2014 Global Internship Program: Depositary Receipts Department

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

    I worked at BNY Mellon

    Pros

    Finding a light-hearted and enlightening summer banking internship in New York City is quite difficult, but BNY Mellon is one of the few large banks to accomplish this uncommon mission. You work alongside intelligent professionals who give a helping hand as long as you ask nicely. Most of the employees understand that there should be a work-life balance in order to be a successful individual. Almost all of the interns have access to the senior staff members in their department that are always willing to answer any question. All interns have a final project at the end of the program that aggregates all of the aspects of their respective department. The project is judged based on creativity and understanding of the department's functions. Very enlightening! Additionally, you have field trips to Bloomberg, Lazard, and the BNY Mellon Museum.

    Cons

    There are no perks for this company and receiving over-time payment is quite hard. Depending on the department and team to which you are assigned, work varies throughout the summer.

    Recommends
    Approves of CEO

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