BNY Mellon Reviews

Updated September 1, 2015
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1,755 Employee Reviews

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  1. Great people, horrible everything else.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Negative Outlook

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

    Pros

    Some of the best and smartest people I have ever worked with.

    Cons

    Bad benefits, lacking in technology big time, can't keep talent. HR has new people and they are not approachable at all. Very rude HR heads. No room for growth and the pay sucks.

    Advice to Management

    Get a new head of HR and seriously upgrade your technology.


  2. Application Developer IV

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great company to work and develop technology skills

    Cons

    Replaced technical employees with onshore and offshore resources


  3. GCM Intern

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    The company culture was great. Everyone was willing to teach you about all different divisions of the company. Was able to gain a lot of experience while working there and the internship paid better than most would.

    Cons

    There wasn't really any downsides to this internship. Overall the leaders from all different areas of the company took their time out to get to know the interns and teach them.

    Advice to Management

    Continue the very friendly, open-door style of managing employees. Continue to always be open to teaching about your area of expertise.


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  5. Mixed Rating

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Compliance Analyst | Manager in Utica, NY
    Current Employee - Senior Compliance Analyst | Manager in Utica, NY
    Recommends
    Positive Outlook

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

    Pros

    BNY Mellon provides a great deal of flexibility and [in my experience] a higher degree of long-term job security than other companies in similar industries.

    Cons

    The company's pay scale appears to be far lower than that of its competitors. They also often fail to pay to retain worthy talent, hence losing qualified employees to other firms.


  6. Good place to work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Client Service Specialist in King of Prussia, PA
    Current Employee - Senior Client Service Specialist in King of Prussia, PA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at BNY Mellon full-time

    Pros

    - Easy going workplace - Can work from home when necessary - Great team and manager

    Cons

    - Raises are low - High turn over

    Advice to Management

    Increase the raises


  7. 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


  8. 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.


  9. 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.


  10. 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.


  11. 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.



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