BNY Mellon Reviews

Updated March 31, 2015
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  1. Great benefits and training, however the hierarchical management style is hard to move up in. Hard work isn't rewarded.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Lead Analyst in Tacoma, WA
    Current Employee - Lead Analyst in Tacoma, WA

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

    Pros

    Benefits, training, opportunities to learn in other areas within company horizontally

    Cons

    Management style, promotions, low compensation for the amount of work

    Advice to ManagementAdvice

    Reward your employees more by learning what they do and placing yourself in their shoes. Invest more in tech.

    Recommends
    Neutral Outlook
    Disapproves of CEO
  2. Don't appreciate good employees

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

    I have been working at BNY Mellon

    Pros

    Good people nice environment good place for entry level new Grads to learn business

    Cons

    Low Salaries advance done by favoritism bad communication between management & employee to many Pc educational tests

    Advice to ManagementAdvice

    Pay more attention to self starters hard workers & good people these people are leaving Bnymellon

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3. Nice company on resume but poor Management

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

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

    Pros

    Room to grow, international environment

    Cons

    Poor Management, poor performance appraisal system and bonus system

    Advice to ManagementAdvice

    Listen to those who do job and interact with clients before making big decisions - 360 performance review appraisals

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
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  5. 2 people found this helpful

    A company in transition

    • 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 used to be a spirit of camaraderie and knowledgeable staff to work with.

    Cons

    They are doing everything they can to move their operations offshore and let go senior staff in the US.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6. It has been an interesting journey.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President - Technology in Jersey City, NJ
    Current Employee - Vice President - Technology in Jersey City, NJ

    I have been working at BNY Mellon

    Pros

    Secure for long term, almost independent of market as earnings are mostly service based

    Cons

    This is one of the oldest banks in the USA, It can be difficult to move upwards as this is a typical red tape corporation with 50,000+ employees.

    Advice to ManagementAdvice

    Break it up into smaller lines of business along but share the central services such as IT. Also, get rid of the dead wood that have been using real estate and earnings, Reward the result oriented employees.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  7. Not Bad; Not Great

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Modeler in Houston, TX
    Current Employee - Modeler in Houston, TX

    I have been working at BNY Mellon

    Pros

    not very busy. people are friendly and respectful

    Cons

    not very challenging. people get satisfied with what works, not what's good.

    Recommends
    Neutral Outlook
    No opinion of CEO
  8. Good work-life balance and people

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at BNY Mellon

    Pros

    Great work-life balance, huge global organization to network, good people.

    Cons

    Low merit increases and bonuses, limited growth and advancement.

  9. Clueless

    • 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

    Old school management can live here forever. The good employees are leaving left and right.

    Cons

    Staff reductions due to over spending and over expansion in some areas as well as the economy. Typically behind the curve. Other Banks are hiring now therefore BNYM will be in a year or two.

    Advice to ManagementAdvice

    When cutting headcount seriously look at the inappropriate management depth before cutting actual workers.

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

    Decent starter job and benefits, zero career potential (Tacoma)

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Analytics Analyst in Tacoma, WA
    Current Employee - Analytics Analyst in Tacoma, WA

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

    Pros

    Great starting vacation, flexible work schedule, telecommuting, relaxed culture, very smart and kind people, tons of potential to be an excellent work environment.

    Cons

    Management, attrition rate, talent retention, communication from management, raises, personal and technical development, corporate politics

    Advice to ManagementAdvice

    Management does a terrible job building on people's strengths. As soon as an individual is trained in a particular role and reaches a decent level of proficiency, they are transitioned to another team and start training all over again. This overextends staff (WAY too much cross training, because management fears people leaving and must cover their bases) and also HARMS effective productivity, since employees rarely build an expertise in any one area.

    Over the last two years, there has been a general decline in employee satisfaction due to some management changes. Turnover rate is around 20-25% annually, merit increases rarely exceed 2% even if you bust your behind for the company (no bonuses either), and there isn't much going on in terms of personal or technical development unless you seek it out yourself.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  11. An overall good learning experience

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at BNY Mellon

    Pros

    This was my first professional job. I did not intend to get into banking, it really just happened. I was lucky enough to work with a great group of people and I definitely learned a lot about the business. I will say I learned more about the business world then anything.

    Cons

    The pay is not so glamorous.

    Advice to ManagementAdvice

    Overall good job.

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