BNY Mellon Reviews

Updated April 24, 2015
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  1. Helpful (2)

    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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    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.

  2. 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.

  3. 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)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    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 Management

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

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  5. 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

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    not very busy. people are friendly and respectful

    Cons

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

  6. Helpful (1)

    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)

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    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 Management

    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.

  7. Helpful (8)

    Had fun but lousy pay.

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

    I worked at BNY Mellon full-time (More than 5 years)

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Great colleagues. Everyone knew Me and I knew everyone. I was everyone's go to person for solutions.

    Cons

    Everything else. Upper management didn't care about anyone but their wallets. Penny pinching was their specialty. Could have a great review and will only get a 1% raise and the bonuses, if given, were a joke.

    Advice to Management

    Stop outsourcing and focus on "keeping the talent".

  8. Neutral

    • 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

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

    Pros

    Company has decent human capital

    Cons

    Salary increases are pitiful. People become complacent as no significant rewards are accompanied by effort.

    Advice to Management

    Decent hard working and talented employees need to be compensated accordingly.

  9. 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 Management

    Overall good job.

  10. Helpful (2)

    One word: Titanic

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at BNY Mellon

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    The kind, hard working, unappreciated employees who will go out of their way to help you when you need it. Nothing else. For the rest of my review of this company see below.

    Cons

    This company is a sinking ship. Plain and simple. Everyone is trying to jump off before it goes completely under. Management makes no effort to change their ways and that's the problem. They think there aren't any problems, everything is perfectly fine, and all the employees are completely happy. False. If you read pretty much any and all the reviews on this site you know that EVERYONE is unhappy.

    Advice to Management

    Clean house and start over. For the investors sake and for your employees. You'll drive this company in the ground if you don't.

  11. Auditor

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

    I worked at BNY Mellon

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Great work life balance at BNY Mellon

    Cons

    Cannot think of any cons

    Advice to Management

    Keep up the great work

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