BNY Mellon Reviews

Updated August 25, 2014
Updated August 25, 2014
1,228 Reviews

2.8
1,228 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
BNY Mellon Chairman, President and CEO Gerald Hassell
Gerald Hassell
344 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.  

    OK

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

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

    Pros

    Easy to get a job.

    Cons

    below average pay, hard to move up

    Advice to ManagementAdvice

    hire from within and actually give raises

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

    BNY Mellon 2013 versus 2005 - Changes would help hiring and working there

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

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

    Pros

    Excellent at creating a team environment (unless you are in a temporary role, then somewhat exclusionary, and no mentor if you are a temp); fair and good in lateral moves, and likes to promote within, but also open to qualified external hires to promote their business goals.

    Cons

    Need to have better group / management organizational skills; internal communication can be improved to improve the performance of client facing roles

    Advice to ManagementAdvice

    More team orientation towards groups is necessary; inclusionary policy towards temporary/contract employees is good for the overall bottomline, and long-term retention, return employees, and achieving overall revenue at lower-cost is beneficial from an organizational perspective

    Recommends
    Negative Outlook
    No opinion of CEO
  3.  

    Poor compensation

    • 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

    Pros

    Good work-life balance in my department, but not in all areas of the company.

    Cons

    Very minimal, if any, raises. No bonuses.

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  5.  

    Not a good company to work for after Bank of New York merger with Mellon Bank

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Accounting and Reporting Analyst  in  Brooklyn, NY
    Former Employee - Accounting and Reporting Analyst in Brooklyn, NY

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

    Pros

    The best reason to work at BNY Mellon is the great benefits for employee.

    Cons

    All the hard works we done are not appreciated by the senior management of the company.

    Doesn't Recommend
    Disapproves of CEO
  6. 2 people found this helpful  

    Leaderless middle-management + Skilled employees = No future

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

    I worked at BNY Mellon full-time

    Pros

    Your time is free. Unless under a micro-manager, you will be able to come in and leave on a whim. Smoke breaks: take 8 a day (even if you don't smoke.) Dress code policy: Noone is going to take action about it. Lose your job while pregnant: they will pay you out if you threaten. Conservative Company that is more concerned with not have an employee legal action placed against them then investing in the infrastructure of talent, growth through the company and seeing the job get accomplished.

    Cons

    The Management structure is an upside-down Pyramid. Middle managers just *love* being middle managers. Fill up your days with meetings, checklists and dashboard/RAG reports to prevent the work being done. I had 4 reports that tracked the same information, because each time the Division Head involved himself (yes "him": not really women in higher positions), then a new Metric needed to be added, instead of utilizing the same data on an existing Metric.

    Advice to ManagementAdvice

    To truly save on Expenses: eliminate unnecessary Management. The "8 Levels from Bottom to Top" has 3/4 Levels too much. That's where you cut expenses, not at the lower levels. Do not utilize a "headcount" metric, but at the Salary-Level side.
    Also: Strategic Development needs to consider their strategies up-front, before implementation. Do not buy a Fund-of-Fund product that is only evaluated by the "yes-man" that will support the decision to buy, regardless if the current system can support these transactions. Do not decide upon one geographic area as the center of excellence. (And certainly, do not publish that information to a client!) It demoralizes other geographic area, and then makes your management look even poorer when that is abandoned for another geographic area.

    Neutral Outlook
    No opinion of CEO
  7. 1 person found this helpful  

    Starter with no other options

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Specialist  in  Everett, MA
    Current Employee - Specialist in Everett, MA

    I have been working at BNY Mellon full-time for more than a year

    Pros

    Hires out of college
    Decent wage for a first job
    Close to the T and lots of parking

    Cons

    Limited upward movement
    Same work everyday, no brain required

    Recommends
    Neutral Outlook
    Approves of CEO
  8.  

    A great place to work

    Former Employee - Distributed Applications Developer IV  in  Everett, MA
    Former Employee - Distributed Applications Developer IV in Everett, MA

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

    Pros

    Good pay,good benefits, good training offered and an excellent place to work. Work well and you are set to grow within the company.

    Cons

    Did not have any issues

    Advice to ManagementAdvice

    Upper level management keeps us informed and meet with us regularly and open to ideas.

    Recommends
    Positive Outlook
  9.  

    Good experience, hard to advance and kept at low pay for too long

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

    I have been working at BNY Mellon full-time for more than a year

    Pros

    You build a great base of professional contacts. So many people start out here that you always have a good pool of references when job searching due to the turnover.
    Pension plan is frozen now but 401k with match still exists
    business casual dress code, jeans allowed on fridays
    Your work does not come home with you, overtime for non-exempt is available at times and worth it in my opinion
    Very good about sick days and emergencies

    Cons

    Difficult to move up or transfer out of department
    Low pay
    water cooler and coffee not free
    training lacked an formality or frame of reference

    Advice to ManagementAdvice

    Be more selective with who gets promoted, a lot of people become apathetic quickly

    Recommends
    Neutral Outlook
    No opinion of CEO
  10.  

    I have done OK at BNYM, but not a place I want to finish my career.

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

    I have been working at BNY Mellon full-time for more than 8 years

    Pros

    Since the merger with Mellon Bank, there have been improvements to the organization. They are trying to provide the employees with a better working environment through the use of feedback, opinions, and training. Despite being in Pittsburg, the HR department is one noticeable area of improvement.

    Cons

    You can work many extra hours of overtime when busy, and not be properly taken care of. In other words, dinners are not provided and bonuses are very minimal.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  11. 1 person found this helpful  

    Medium-Stress Low Salary

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

    I have been working at BNY Mellon as an intern for less than a year

    Pros

    Overly-friendly coworkers. Decent vacation time and other benefits. Hours aren't bad for a financial institution.

    Cons

    Bad pay. Not many staff members so you are required to pick up slacks. Primitive technology. Upward mobility even if exists, is not lucrative. Not a place to be for high achievers.

    Advice to ManagementAdvice

    Hire more competent staff with better pay.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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