BNY Mellon Reviews

Updated September 11, 2014
Updated September 11, 2014
1,222 Reviews
2.8
1,222 Reviews
Rating Trends

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

Review Highlights

Pros
  • I also get to work from home when needed, making the work life balance easier to handle (in 116 reviews)

  • Many good benefits, however, management was not proactive in developing talent (in 61 reviews)


Cons
  • There is no room for GROWTH and the PAY SUCKS OVERALL (in 25 reviews)

  • All the hard works we done are not appreciated by the senior management of the company (in 49 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1. 1 person found this helpful  

    Not the Best place to work at

    • 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

    Pros

    Has potential to resolve their internal issues.

    Cons

    Very high pressure. Programs put in place without adequate staffing. Few career opportunities in the New York, and other centers of talent, such as London, areas

    Doesn't Recommend
  2. 1 person found this helpful  

    Okay

    • 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 full-time for more than 3 years

    Pros

    Work life balance, nice people for the most part

    Cons

    No room for growth, salaries at lower end in the industry and merit increases are close to zero

    Advice to ManagementAdvice

    Invest on your employees

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

    Great Company

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at BNY Mellon

    Pros

    Loved the people, loved the atmosphere and the job. Such a good company to get your foot in the door. Great 401k, health benefits, etc.

    Cons

    Salary on the lower end for a competitive company.

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  5.  

    Lots of turnover, lots of opportunity.

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

    I worked at BNY Mellon full-time

    Pros

    Great pay for entry level job, lots of other young professionals, nice social environment, very reasonable 40-hr work week.

    Cons

    Within my division (asset servicing, corporate actions), there was a very high rate of attrition--mostly because people were getting hired to better jobs in other departments, but this meant work was very transient, always lots of meetings and training and often challenging to meet client demands.

    Recommends
    Neutral Outlook
    No opinion of CEO
  6.  

    Accountant

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Fund Accountant  in  Phila, PA
    Current Employee - Fund Accountant in Phila, PA

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

    Pros

    The managers are understanding. The management is flexible to work hours when unusual events happen.

    Cons

    Upward mobility seems lacking or priority

    Advice to ManagementAdvice

    Training program to encourage career development

    Recommends
    Neutral Outlook
    No opinion of CEO
  7.  

    Intern: IT Support

    Former Employee - Anonymous Employee  in  Pittsburgh, PA
    Former Employee - Anonymous Employee in Pittsburgh, PA

    I worked at BNY Mellon as a contractor for more than a year

    Pros

    Great workforce, friendly bosses, nice offices

    Cons

    Slow to adopt new ideas

    Advice to ManagementAdvice

    Keep doing what you're doing

  8. 1 person found this helpful  

    see Equity Analyst Mike Mayo of CLSA 2014 analysis

    • 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 for more than 5 years

    Pros

    Very family-oriented. This benefit offsets the low pay compared to peers. Working from home is frequent, at all levels.
    Numerous and strong affinity networks for minorities, women, gays etc; these too offset the low pay.

    Cons

    CLSA Mike Mayo's stock analysis revealed poor strategy and lack of revenue growth post-2007 Mellon merger, as well as no turnover at Board level during or after the Crisis. This has entirely driven their 2014 strategy of lay-offs, cost cutting, downsizing, especially in NY.

    Advice to ManagementAdvice

    Senior Executives and Senior Mgmt who have been with BONY for 15+ years are not the ones who will lead the bank to new successful strategies and profitability. Regarding the low rating below of company's values: these are just words on paper.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9. 1 person found this helpful  

    Worst company to work for

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

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

    Pros

    Good people work for the company

    Cons

    I wasted 20 years of my career at this crap hole. There is no room for GROWTH and the PAY SUCKS OVERALL. This company is CHEAP!!
    Merit increases don't exist necessarily. Averaged LESS THAN 2% per year the past 8 - 10 years. And that's for employees with outstanding performance reviews.
    Talented employees are rarely recognized or rewarded for their efforts.
    Managers are promoted up until they are incompetent in their roles
    Health Benefits really SUCK because there aren't any choices. They only offer a Health Savings Account or a Health Reimbursement Account.
    The Corporate Culture is overbearing and at many times Tyrannical.
    A large percentage of the work-load is Red-Tape BS, rather than focusing on getting the job done right
    The company is controlled by the Risk & Compliance groups, making it very difficult to build the business

    Advice to ManagementAdvice

    Focus on the talented & experienced employees, and reward them appropriately.
    Raise salaries to a level that is competitive with the industry.
    Consolidate all tiers of management, particularly in the Middle Management areas
    Stop using Obama-care as an excuse for not offering Health Insurance benefits, and bring those benefits back. This company USED to have great Health Care benefits

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10. 1 person found this helpful  

    Frustrating environment

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

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

    Pros

    If you seek experience in a financial services, Wall Street environment, BNYM would be good experience for you to build experience early in career. If you prefer to be an implementer and a follower, this is a good place to be.

    Cons

    Very large company that can't get out of its own way. Bureaucracies are overwhelming, overly risk averse; little opportunity to make a value added contribution to the business of one's own client group. No budgets to do good work. Very conservative pay practices. HRBPs are limited to implementing senior management's agenda and programs.

    Advice to ManagementAdvice

    Stated initiatives by Chairman to improve on bureaucracies do not make it down to the operational level because people are fearful of losing their jobs (presumably). People are stifled of creativity and line managers are fearful to support and create change for fear of losing job. Massive culture change is needed.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  11. 1 person found this helpful  

    Performance analyst

    • 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 for more than 5 years

    Pros

    Great work life benefits, great for straight out of college

    Cons

    Compensation is poor, no room for growth, upper management seems lost.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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