BNY Mellon Reviews

Updated August 30, 2015
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1,750 Employee Reviews

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  1. Senior analyst

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

    Pros

    Best place to work, ie work colleagues and environment

    Cons

    Limited growth, as there are not hiring internally


  2. Helpful (1)

    Good and bad

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Project Manager III in Pittsburgh, PA
    Current Employee - Project Manager III in Pittsburgh, PA
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at BNY Mellon full-time

    Pros

    Good benefits other than healthcare. Vacation time is good from the start of employment. Solid company that is well known

    Cons

    Many jobs are filled in India and mgmt doesnt seem to care about employees. India employees get all the promotions and training and a majority of the work is done by US based staff. Employees are required to use their own cell phones to do company work.

    Advice to Management

    Show respect to your employees instead of just talking about it. Hire people in US who will be loyal instead of India staff who get training and then leave.


  3. Associate

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in Los Angeles, CA
    Current Employee - Associate in Los Angeles, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at BNY Mellon full-time (More than 3 years)

    Pros

    Work schedule flexibility, Development classes

    Cons

    Not much in terms of career growth unless you are located in NY or PGH.


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  5. Helpful (2)

    Inequitable Bank

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Pittsburgh, PA
    Current Employee - Anonymous Employee in Pittsburgh, PA
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

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

    Pros

    Decent standard benefits that most corporations provide: medical, dental, 401K, paid vacation. Recent new board members to push the company to be better and be more competitive. Thank you analyst, investors and new board members!

    Cons

    Not a meritocracy, non-existent pay raises. Very political, hierarchical, and bureacratic organization. Lazy managers and unmotivated employees take advantage while hard workers pick up the slack is what the corporate culture seems. If you're a high performer you'll be stuck doing most of the work. You'll get the same pay raise as those who do little or no work so there's really no incentive. Your fruits of your labor may never be realized. Slow and out-dated prop systems. No career path. No growth. Stubborn and selfish management. CHEAP company (advice to management may explain more as to why). Poor communication to its employees.

    Advice to Management

    Thanks to analysts and investors, adding new board members has brought new hope. Not only do the new board members represent the best interest of the shareholders, but indirectly they also represent many of the lower level employees who do care and work hard but unable to do anything about it because lazy employees and greedy management have dominated this company far too long. Even if BNYM has little or no profit or operating at a loss, do you hoard the pot and disperse bonuses to yourselves (higher VP and above) regardless if the department is under budget or not? Is this really why the company is so cheap and not invested in its employees? In order to maintain your compensation and bonuses, you don't budget the pay raises for the many well deserved hard working lower level employees who solely depend on merit increases? C'mon, stop repeating the same tune every year that there is no money (read next sentence). Is it because it doesn't matter to you because your annual compensation (aside from your base salary) can be made up to you in form of a bonus through these loopholes of playing with the budget in your own favor (at the expense of the workers beneath you) and aggressively driving down expenses so you keep what's leftover from the budget when all of it should really go back to the company? We don't know, and you're probably saying it's none of our business. However it is our business. Our livelihood is just as important as yours. Time for more fairness. Time to roll up the sleeves at all levels and not just at the bottom.


  6. Good company, Bad compensation

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Fraud Analyst in Wilmington, DE
    Current Employee - Fraud Analyst in Wilmington, DE
    Neutral Outlook
    Approves of CEO

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

    Pros

    They have a generally laid back atmosphere and the managers are nice.

    Cons

    There is no career development available and it is hard to move up. The salaries are also WAY below industry standard.


  7. Vice President

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

    Pros

    Work Life Balance, Good Colleagues, Opportunities to Learn

    Cons

    Compensation, growth opportunities and developmrnt


  8. Associate

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate in Brooklyn, NY
    Former Employee - Associate in Brooklyn, NY
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Good work environment, promotes continued education and provides opportunities

    Cons

    Operations can be stagnate growth wise.


  9. Helpful (2)

    VP

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in Gallatin, TN
    Current Employee - Vice President in Gallatin, TN
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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

    Pros

    Big company. A lot of ability to change jobs. Innovative and high tech when they want to be. Global employer so ability to take a job elsewhere is positive.

    Cons

    Slow to no raises. Reviews done on forced bell shaped curve. 5 to 6 months to replace those who leave stressing everyone left behind.

    Advice to Management

    appreciate your employees and let them know. No raises low bonuses require more recognition.


  10. Corporate Trust Associate

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate in Jacksonville, FL
    Former Employee - Associate in Jacksonville, FL
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Great staff. Great company.

    Cons

    Not much room for advancement.


  11. Helpful (1)

    Managing Director

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Managing Director
    Current Employee - Managing Director
    Doesn't Recommend
    Negative Outlook

    I have been working at BNY Mellon full-time

    Pros

    For an entry level employee, an opportunity to develop experience that could be used to obtain another position.

    Cons

    There is still limited integration between the BONY and Mellon businesses, both in the people and systems, even now 8 years after the merger. Culture supports employees that actively avoid assisting other employees understand the complex systems across the Bank leading to no efficiency or communications within the Bank. Bank employees have no interest in the long term success of the Bank due to this "culture" and are either actively looking to move to other opportunities or hoping to reach full pension (at least until the ongoing plan for grandfathered employees was recently frozen). Not much to recommend this place. The only employees who seem to enjoy the work are those who have found a niche where they do not have to communicate with other departments of the Bank. Even then, compensation is low in relation to the industry.

    Advice to Management

    There seems to be a disconnect between senior management and the Bank's actual reputation inside and outside the Bank, which is generally poor.



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