BNY Mellon Reviews

Updated August 27, 2015
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  1. Helpful (3)

    BNY Mellon - Review

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in New York, NY
    Current Employee - Vice President in New York, NY
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    - Organization is setup with multiple products and service across many geographically locations providing a good platform for growth - Diverse work culture - Ease going peers - Decent perks and salary ( Industry mid range)

    Cons

    - male dominated culture - difficult environment for mid executive level woman employee to grow and flourish - Very slow in adopting work employement trends and changing needs of global employees - Extermely poor career management

    Advice to Management

    - Identify & value your employee skills and provide approriate opportunties - Internal work ethics amongst your senior management member truly needs to be addressed if the company needs to grow and be positive ( most employees are not able to succeed because of lack for direction and conflicting direction from senior leader in the organization) - Having WIN forums is not enough to promote equality for woman employee, More needs to be shown in opportunities that are provided to woman trying to make a career @ BNY Mellon


  2. Helpful (1)

    In a downward spiral

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

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

    Pros

    what can I say? After 20+ years, there isn't much anything good to say.

    Cons

    Low salaries, poor raises and bonuses, lack of leadership, decreasing benefits, layoffs, ever increasing transfer of jobs to India.

    Advice to Management

    Get back to client first mentality and build with folks that actually give a damn. Get rid of your metrics driving managers that don't understand anything except the numbers they manipulate to make themselves look good. Stop sending all the jobs to Pune and Chennai. You are killing morale. Give back the better benefits and increase overall compensation to the lower level employees. The good ones do most of the work.


  3. Helpful (2)

    Dumbest management ever

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at BNY Mellon full-time

    Pros

    Great co-workers and clients; flexible schedule if your manager/supervisor is into it; none if they are not. Completely arbitrary.

    Cons

    Constant layoffs; benefits get worse and more expensive; always outsourcing; no recognition; with every merger, it got worse; Bob Kelley was at least a human as opposed to what followed; IT especially suffers from stupid decisions (let's get rid of MS Outlook and replace it with Lotus Notes; let's get rid of the decent custody system and replace it with one that has no test region and two separate systems for domestic and non-domestic assets) made strictly on the basis of Bank of NY management.

    Advice to Management

    Admit that nothing you do will ever raise the stock price due to extreme incompetence. Stop screwing employees out of raises and bonuses. Stop promoting people beyond their level of competence.


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  5. Great environment

    • 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

    I worked at BNY Mellon full-time

    Pros

    Bank of New York Mellon is a great place to work if you are looking for a great work environment and a decent salary

    Cons

    There are no cons that I am personally aware of at bank of New York Mellon

    Advice to Management

    There is no advice to the management of bank of New York Mellon that I would personally give


  6. Senior Fund accountant Analysts

    Former Employee - Senior Fund Accountant Analyst in Covina, CA
    Former Employee - Senior Fund Accountant Analyst in Covina, CA

    I worked at BNY Mellon (More than 10 years)

    Pros

    We had great client services, great team work

    Cons

    The LA office want to close due to higher costs


  7. Good Company

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President, Specialist Developer in Pittsburgh, PA
    Current Employee - Vice President, Specialist Developer in Pittsburgh, PA
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    I like the people I work with and the benefits are ok. There are flexible work hours.

    Cons

    The technology is old and stodgy although the company tries to guild the lilly and make the old seem sexy by rebranding and building new front ends on the software systems.


  8. Good jobs if you can find them.

    • 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
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    My division is relatively laid back.

    Cons

    Benefits are not that great.

    Advice to Management

    Less emphasis on age of workers. Must be old to get promoted.


  9. Helpful (1)

    Fair

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

    I have been working at BNY Mellon full-time (More than 8 years)

    Pros

    Steady paycheck, good benefits. Headquarters at 1 Wall Street was interesting but the company sold the building recently. Not sure what else to state here.

    Cons

    Very traditional in business practices, conservative and risk averse in nature. Very east-coast centered and limited opportunites in California or the western states. Business lines have consolidated recently and high turnover. There are several product lines and though we are all under the same parent, experiences are completely different depending on the business. If you are young, hungry and motivated to move quickly, this is not the place for you unless you're in NY or Pittsburgh.


  10. BNY Mellon

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in Somerset, NJ
    Current Employee - Vice President in Somerset, NJ
    Positive Outlook
    No opinion of CEO

    Pros

    Flexibility of work schedule and work from home arraingment

    Cons

    Low raises and bonuses are not keeping up with other firms.


  11. Mail Opener

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Chicago, IL
    Current Employee - Anonymous Employee in Chicago, IL
    Recommends

    I have been working at BNY Mellon full-time (Less than a year)

    Pros

    Very Good Benefits. Decent Pay for entry level position.

    Cons

    Some particular days are more stressing than others, but comes with any job.

    Advice to Management

    Keep doing a Good job!



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