BNY Mellon

www.bnymellon.com

BNY Mellon Reviews

Updated January 25, 2015
Updated January 25, 2015
1,416 Reviews
2.8
1,416 Reviews
Rating Trends

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BNY Mellon Chairman, President and CEO Gerald Hassell
Gerald Hassell
436 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.  

    Worst Company to Work For

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

    I worked at BNY Mellon

    Pros

    Larger company - looks good on a resume

    Cons

    Horrible senior management, horrible training, no real career path/growth opportunities

    Advice to ManagementAdvice

    Fire yourselves, get new management

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  2.  

    I've never been as miserable as I am now

    • 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

    Sufficient parking
    Option to buy extra vacation time

    Cons

    Pay not commensurate with experience
    Pay increases are dismal to non-existent even for exemplary employees
    No cost of living increase
    Increasing costs of benefits mean I now bring home less than I did when I started
    Jobs seem to be systemically moving overseas

    Advice to ManagementAdvice

    Advocate for your employees, it is an exceptionally underwhelming place to work.

    Doesn't Recommend
    Negative Outlook
  3.  

    Management Confusion

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Managing Director in Pittsburgh, PA
    Current Employee - Managing Director in Pittsburgh, PA

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

    Pros

    Great work life balance. Plenty of things to do beyond "work" like being a member of employee groups and volunteer activities.

    Cons

    Management doesn't know where they're taking the company. Lots of half-baked ideas, little revenue growth, declining bonuses, general employee malaise, general confusion on strategic direction at all levels.

    Advice to ManagementAdvice

    Rationalize, clarify, unify and execute.

    Doesn't Recommend
    Negative Outlook
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  5.  

    Smoke and Mirrors

    • 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

    there are no pros working at BNY.

    Cons

    Too much to talk about.

    Advice to ManagementAdvice

    Honesty is the best policy.

    Doesn't Recommend
    Negative Outlook
  6. 1 person found this helpful  

    Poor management decisions in the past 3 to 5 years

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

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

    Pros

    Good place to get experience and put on your resume.

    Cons

    Poor treatment of workers. Poor work/life balance. You are just a number.

    Advice to ManagementAdvice

    Stock price is important BUT don't forget the workers are the ones who make it possible. Work/life balance is NOT a bad thing. Not everything should be relocated to India.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  7.  

    Analytics Analyst

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at BNY Mellon as a contractor (more than an year)

    Pros

    The only thing i liked about working here were my co-workers and my manager.

    Cons

    No growth for any body. I will not advice anyone to work for BNY, especially if you are coming out of college

    Advice to ManagementAdvice

    Please, revamp your company culture and invest in your employees!

  8. 1 person found this helpful  

    Lowest Paying Servicer

    • 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 5 years)

    Pros

    Offers the usual benefits which they think makes up for your low salary.

    Cons

    Management cares less about retaining their best employees. No chances for advancement unless they think you are someone that they can manipulate. They hire unqualified managers with no college education. Human resources are useless when there are issues and complaints because they always take the side of the management.

    Advice to ManagementAdvice

    Your employees are your best asset. You will never reach success without them. Hire and keep the best ones by promoting them. Evaluate your managers. Most of them know nothing about the job that their staff do; hence, all they do is micromanage which is very counterproductive and demoralizing.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9.  

    TERRIBLE

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Data Entry Operator in Pittsburgh, PA
    Current Employee - Data Entry Operator in Pittsburgh, PA

    I have been working at BNY Mellon full-time (less than an year)

    Pros

    the benefits are decent, and meeting some nice people

    Cons

    this place is VERY unprofessional to work at, the pay could be a whole lot more, the supervisors dont do their job right, to much favoritism at this job..not to mention the mandatory overtime even if you dont want to stay, I think it should be a choice...its the worse place to work at and I would never recommend anyone working there..the work hours are horrible and not being off on the weekend sucks...they have a HUGE turnover rate no one ever stays and now i see why

    Advice to ManagementAdvice

    they need better everything

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10.  

    No growth and not a good long term job

    Former Employee - Anonymous Employee in Philadelphia, PA
    Former Employee - Anonymous Employee in Philadelphia, PA

    I worked at BNY Mellon

    Pros

    Good job right out of college

    Cons

    No opportunities; hard work not rewarded

  11. 1 person found this helpful  

    It cannot get any worse than this place.

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

    I worked at BNY Mellon

    Pros

    Working from home is not a problem.

    Cons

    You will work with people who have superficial knowledge of the tools and technologies they use.
    Poor project management. Managers create impossible deadlines without fully understanding what is involved to deliver on time. I have seen managers create go-live dates without developers estimates (disastrous). The people here tend to make assumptions on everything without any validation to on their claims (disastrous). This leads to confusion and projects falling behind schedule. It is almost impossible to get anything done at that company due inadequate processes they have in place. Everything has to have a request ticket and be approved which is at minimum one day turn around up to weeks/months depending on what you are requesting. Although there is some new technology being explored at this firm most of the technology is old and outdated. Have you ever heard of Harvest for source control. I did not think so, if you come here you will. The turnover rate here is extremely high. I seen people come and go. Some do not even last a month. On average I seen people stay for about a year. If you are not looking by then you will probably be here forever. This place is a career killer!!!!

    Advice to ManagementAdvice

    A lot of the headaches and failed project can be avoided if you get some quality experience people who are passionate about technology. Also invest in full-time quality project managers (not contract employees).

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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